š ETH SURGES 31% AFTER MAJOR UPGRADE - READY FOR $2,500? š
Ethereum just had its biggest single-day rally since 2021 following the successful Pectra upgrade on May 7!
ā¢ ETH price soared from around $1,800 to over $2,300 in just 48 hours
ā¢ This bullish momentum pushed ETH 67% above its April low of $1,417
ā¢ The key resistance to watch is $2,500 - breaking this could send ETH to $2,654
What makes this upgrade special?
ā¢ Enhanced wallet functionality for easier DeFi interactions
ā¢ Increased capacity for layer 2 solutions (faster & cheaper transactions)
ā¢ More efficient validators (the computers that process ETH transactions)
Analysts are calling Pectra Ethereum's most significant protocol change since the 2022 Merge! For now, $ETH needs to defend the $2,300 level to maintain momentum.
Will ETH break $2,500 in May? Drop your prediction in the comments!
