$ETH Ethereum rises 30% in two days, outperforming Bitcoin amid positive market signals and a successful upgrade

In the latest trading sessions, Ethereum (ETH) has experienced an impressive rebound, with a 30% increase in just 48 hours. This surge is attributed to various factors, such as the successful implementation of the Pectra upgrade and favorable global economic indicators. After facing issues like network speed and scalability, Ethereum's recent advancements have rekindled investor interest.

The newly launched Pectra upgrade marks a crucial moment for Ethereum, as it enhances its scalability and makes it more intuitive. Carlos Guzmán, research analyst at GSR, noted that this flawless implementation represents a significant technical milestone since the network's transition to a proof-of-stake model. This upgrade comes after the 2022 merger, a transformative event that radically changed the network's operations.