The crypto world went crazy today! Ethereum and its peers collectively surged, and it directly rushed to the hot search headlines. I stared at the screen of my mobile phone and confirmed it three times. ETH surged 24% in a single day to break through $2,400. This posture is like a dream back to the big bull market in 2021!

The fuse of this surge is the Pectra upgrade that was just launched last night. This is the largest technical upgrade of Ethereum since the merger in 2022, which directly gave the entire ecosystem a shot in the arm

Although the specific upgrade content is a bit technical,

But to put it bluntly, it makes Ethereum easier to use and more secure. But to be honest, the effect of this underlying upgrade often takes time to ferment. I am a little surprised that the market is so eager to surge

But the on-chain data is really good. DeFi locked-in volume soared to US$57.9 billion, and transaction volume increased by 22% month-on-month. This wave is obviously being deployed by big funds. But there is a detail worth pondering - Gas fee plummeted by 95%

It's like there is no traffic jam on the highway. On the surface, it's a good thing, but think about it carefully. Is it because there are fewer cars on the road?

After all, network activity is the core support of price. We have to keep this hidden danger in mind

Now the most exciting thing is the fancy predictions of analysts. The resistance chart drawn by brother Ali Martinez has been circulated on Twitter. If the barrier of $2,380 can really be broken, according to the technical school, it will be the sea of ​​stars. However, as an old leeks who have experienced 519, I know the nature of these predictions too well - at this time last year, there were still people shouting that ETH would break through 10,000

If you ask me, the current market is like a roller coaster that has just climbed to the top. Whether it will continue to soar or dive depends on the mood of the dealer

I personally think this wave of market has a bit of FOMO flavor

Bitcoin just broke the previous high, and Ethereum immediately followed the rise, coupled with the positive blessing of the upgrade, it is indeed easy to trigger a chain reaction.

Finally, here is a practical suggestion: those who have chips in hand can take profits in batches, and those who are short should never chase high prices.