Major Network Upgrade: Ethereum "Pectra" is Live
On May 7, 2025, Ethereum officially activated its "Pectra" upgrade, a milestone combining "Prague" and "Electra" enhancements. The headline feature? Account Abstraction (EIP-4337) – a game-changer for mainstream adoption. Users can now enjoy customizable wallets, gas fee sponsorships, and smoother DApp interactions—bringing Ethereum one step closer to mass usability. This upgrade is expected to boost on-chain activity and DeFi user onboarding, which may positively impact ETH's long-term value.
ETH Market Snapshot – May 2025
• Current Price Range: $2,300 – $2,600
• 12-Month Price Decline: ~41%
• Short-Term Forecast: Analysts see a potential 21% rebound, targeting $2,081 by May 15, backed by strong RSI recovery and market sentiment.
• Support Zone: $2,400 – a key level where bulls have shown consistent defense.
• Resistance Zone: $2,750 – breaking above this could signal a new uptrend.
• Momentum Indicators: RSI shows oversold conditions, hinting at an imminent bounce.
• Network Stats: Daily active addresses are up 12% MoM, and ETH staking is at an all-time high, reinforcing market confidence.
ETH Forecasts – Beyond May
• Q3 2025: Expect steady growth with price targets between $3,000–$3,300, fueled by increased L2 adoption and Pectra benefits.
• End of 2025: Projections place ETH between $3,500–$3,700, supported by rising institutional interest, ETF inflows, and macroeconomic recovery.
• 2026 Outlook: Volatility may return. Analysts anticipate a wide range, from $4,200 to $5,000, with potential 75% swings due to global market uncertainty and crypto cycle dynamics.
Why This Matters for Binance Users:
Stay ahead of the curve by tracking ETH staking rewards, exploring ETH-based DeFi projects, and using Binance’s tools like Auto-Invest, ETH Dual Investment, and ETH Futures to position for the next market move.
Stay informed. Trade smart. Explore Ethereum opportunities on Binance.
