#PectraUpgrade $ETH

Ethereum's successful Pectra upgrade has led to a notable increase in its value, with ETH experiencing a weekly surge of over 30%. Other altcoins such as SOL, ADA, XRP, and BNB have also seen gains ranging from 2% to 6%.

Nick Ruck, head of LVRG Research, noted that traders are optimistic about the cryptocurrency sector potentially finding a new opportunity to hedge against market uncertainties. Investors are shifting their perspectives on cryptocurrencies as altcoins move away from negative trends, sparking renewed risk appetite and buying pressure.