Ethereum’s Pectra Upgrade Fuels Strong Market Rally.
AI Summary:
According to PANews, Ethereum’s successful Pectra upgrade has triggered a 30%+ surge in ETH over the past week.
The bullish momentum has also lifted major altcoins:
SOL, ADA, XRP, and BNB posted gains between 2% and 6%.
Nick Ruck, Head of LVRG Research, says traders are regaining confidence in crypto as a hedge against broader market uncertainty. With altcoins breaking out of bearish trends, investor appetite for risk is rising once again.
However, caution lingers ahead of the upcoming U.S.-China trade talks this Saturday in Switzerland.
A deadlock or renewed tensions could put pressure on this crypto upswing.
