#AltcoinSeasonComing Ethereum $ETH has surged nearly 20%, trading above $2,100, marking its biggest single-day gain since 2021. This jump follows the implementation of Ethereum’s$ETH Pectra upgrade, a major overhaul aimed at improving network efficiency and user experience.
Key Highlights of the Pectra Upgrade:
Raised Staking Limit (EIP-7251): Validators can now stake up to 2,048 ETH instead of 32, consolidating operations and reducing complexity.
Account Abstraction (EIP-7702): Wallets gain smart contract-like functionality, including support for stablecoin gas payments and automated transactions.
11 Total EIPs Implemented: These include enhancements to transaction speed, cost efficiency, and usability, making Ethereum more robust and scalable.
Despite the surge, analysts like those at CryptoQuant caution that weak network activity—unchanged since 2021—suggests a full return to previous highs may not be imminent.
Meanwhile, Bitcoin $BTC has soared past $100,000, and is trading above $102.5K, driven by renewed ETF inflows. This broader crypto rally has lifted the CoinDesk 20 Index by over 10%.
Analysts from Presto Research and Flowdesk note that ETH’s rally may indicate a renewed risk appetite among investors, potentially leading to gains across altcoins.
