Is the bull run coming back for Ethereum? Hope ignites with Pectra and macroeconomic support
This week, Ethereum (ETH) shone again after surpassing $2,200, driven by two key factors: the Pectra upgrade and positive signals from the Federal Reserve.
Jerome Powell's moderate speech, along with the expectation of a trade truce between the U.S. and China, generated relief in the markets. But what really sparked the flame was the activation of Pectra, the new improvement for Ethereum that enhances the efficiency, security, and scalability of the network.
Additionally, ETH has become deflationary again: more coins are being burned than issued, which could favor its price in the medium term.
A key fact: World Liberty Financial, linked to the Trump family, purchased 3.5 million ETH, further boosting the asset's value. Analysts like Rekt Capital and Ted Pillows warn that if the price stays above $2,200, we could be on the brink of an altseason, with ETH leading the way against BTC.
Could this be the beginning of a new bullish rally?
