$ETH Surges 20%, Biggest Gain Since 2021 as Pectra Upgrade Helps Restore 'Confidence'
ETH outperforms CoinDesk 20 Index, as bulls comes back while $BTC surges above $100k
What to know:
Ethereum's Pectra upgrade has led to a nearly 20% increase in ETH, trading above $2,100.
The upgrade raises the staking limit and improves wallet usability, among other enhancements.
Despite the rally, weak network activity suggests a full recovery to previous highs is not imminent.
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