Ethereum Pectra Upgrade Sparks a Huge Wave! 20% Surge in 24 Hours, Opportunities and Challenges Behind a 700-Point Rally in Two Days

The Pectra upgrade acts like a 'shot in the arm', completely igniting enthusiasm in the Ethereum market! Within 24 hours after the upgrade, the price of Ethereum surged dramatically, breaking through the critical $2000 level and continuing to push upward, reaching a high of $2491. In just two days, the price increased by nearly 700 points, such a rapid rise has caught the attention of the entire crypto market.

This wave of market activity demonstrates a strong 'bull market' momentum, attracting the attention of numerous investors. However, compared to Bitcoin, Ethereum still has a significant gap in overall price increase and market position. Observing the short-term trend, Ethereum showed a noticeable pullback after reaching a peak, with the $2500 level becoming a current upper resistance that is difficult to overcome, while the $2280 level has emerged as a key support level contested by both bulls and bears. In the future, whether Ethereum can break through this pressure and continue its upward momentum, or if it will fluctuate around the support level, remains to be seen!