$ETH Ethereum (ETH) is currently trading at $2,339.38, reflecting a 20% surge over the past 24 hours. This significant rally follows the successful implementation of the Pectra upgrade on May 7, 2025, which has notably improved Ethereum's scalability and transaction efficiency.

The upgrade has restored investor confidence, propelling ETH to its highest price since 2021. Analysts are now projecting that ETH could reach up to $6,000 by the end of 2025, contingent on sustained market momentum and further adoption of Ethereum-based solutions.

However, it's important to note that Fidelity's Ethereum ETF experienced a $19.3 million net outflow on May 9, 2025, indicating some short-term profit-taking among institutional investors.

For traders and investors, Ethereum presents a compelling opportunity, but it's crucial to remain vigilant of potential market corrections and to consider implementing risk management strategies.