$ETH Here are some updates on Ethereum (ETH):

## Recent Market Trends

- Ethereum's price has dropped 1.83% against the USD in the last 24 hours, with a current market cap of $402.04 billion.

- Despite recent struggles, Ethereum whales have accumulated over 420,000 ETH (worth $811 million) in the last five days.

- Institutions like BlackRock and Fidelity have been buying up ETH, with BlackRock adding $54 million worth of ETH to its holdings ¹ ².

## Technical Developments

- Ethereum's Pectra update brings smart accounts, higher staking limits, and better Layer 2 scalability for a smoother user experience.

- Vitalik Buterin proposed new architecture and protocol-wide standards to make Ethereum simpler, faster, and easier to maintain.

- Ethereum developers are debating the removal of EOF from Fusaka, and client teams have released Pectra-ready mainnet ³ ⁴ ⁵.

## Ecosystem Growth

- The Ethereum ecosystem has hit a new all-time high with 15.4 million active addresses, representing a 62.7% surge in just seven days.

- Thorchain has enabled native BTC and ETH swaps, expanding the ecosystem's capabilities ⁶.