#Ethereum #ETH #Crypto #Blockchain #PectraUpgrade
The launch of the Pectra upgrade has sparked a noticeable shift in Ethereum market dynamics. Since its rollout, exchanges have witnessed net inflows totaling $15.6 billion. Remarkably, on May 8 alone, $12 billion in ETH was offloaded — the largest daily sell-off in more than five months.
This wave of selling signals that many investors are locking in their gains following ETH’s recent price surge. Such widespread profit-taking could place a cap on Ethereum’s short-term rally and slow its bullish momentum.
