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In a scenario of impressive recovery, Ethereum (ETH) rose more than 44.9% in the last 30 days, surpassing the mark of $2,343 and outperforming Bitcoin, which recorded a rise of 26% in the same period.#BinanceAlphaAlert
The movement is surprising because it occurs after a historic drop, when ETH plummeted from $3,900 in December of last year to $1,400 in April. Pressured, to a large extent, by geopolitical tensions, the tariff war between the US and China, and fierce competition from blockchains like Solana and BNB Chain.#CryptoComeback
The Pectra upgrade, implemented last Wednesday (7), was the catalyst for this turnaround. Considered the largest network upgrade since the Merge in 2022, Pectra introduced 11 Ethereum Improvement Proposals (EIPs). All these changes focused on scalability, staking efficiency, and user experience.
Impact of the changes
Among the most impactful changes is the increase of the stake limit per validator from 32 ETH to 2,048 ETH (EIP-7251). Additionally, there is a highlight on the reduction of transaction fees and the improvement in interoperability with layer-2 solutions, such as Arbitrum and Base.
While Bitcoin returns to $100,000, driven by record inflows into institutional ETFs, Ethereum has been drawing attention for its potential for technical recovery and growing adoption.#ETHCrossed2500
Analysts highlight that Pectra not only resolved historical bottlenecks of the network but also restored investor confidence. Especially after a period of discouragement with the drop in DApp activity and the migration of developers to competing blockchains.
Additionally, the upgrade doubled the capacity of blobs per block (from 3 to 6), reducing costs for rollups and strengthening the layer-2 ecosystem. This change is already reflected in the numbers. Base, Ethereum's main layer-2 solution, recorded 10.3 million active monthly users.
Projects within the network attract investors #ETHCrossed2500
In the short term, analysts project that ETH may consolidate support at $2,200 and seek resistances at $2,500, especially if the growth of layer-2s and the burning of ETH (via EIP-1559) accelerate. In the long term, the full implementation of the Verkle Trees announced in February of last year, and the ongoing expansion of blobs, could solidify Ethereum as the main infrastructure for decentralized finance (DeFi) and Web3 applications.$ETH
