#ETHCrossed2500
Ethereum's current price is $2,504.51, with a 3.78% increase, reflecting a positive market trend. The market capitalization stands at $290.46 billion. Key price movements include.
- *Current Price*: $2,504.51
- *Open Price*: $2,413.19
- *High Price*: $2,608.13
- *Low Price*: $2,375.24
In terms of updates, Ethereum is preparing for its next major upgrade, *Pectra*, scheduled for May 7, 2025. This upgrade combines two coordinated updates: the Prague execution layer hard fork and the Electra consensus layer upgrade. Pectra aims to :
- *Improve User Experience*: Introduce smart accounts, enabling end-user accounts to operate like smart contracts.
- *Enhance Staking*: Increase the funding limit by 64x and introduce new features like incremental staking balances.
- *Boost Layer 2 Efficiency*: Double the space available for blobs, reducing costs and transaction times.
Some notable EIPs included in the Pectra upgrade are ²:
- *EIP-7702*: Enables Externally Owned Accounts (EOAs) to act like smart contract accounts during transactions.
- *EIP-7251*: Increases the validator staking limit from 32 ETH to 2048 ETH, reducing validator count and improving network efficiency.
- *EIP-7691*: Increases blob throughput to improve data availability and lower Layer 2 transaction costs.
Overall, Ethereum's roadmap focuses on sustainability, scalability, censorship resistance, state optimization, and refinement, with Pectra being a significant step towards achieving these goals.
