What happened to Ethereum's explosive 40% surge over $BTC 3 days? It directly topped Douyin's hot list at number one; there’s big news in the crypto world again!

In just 3 days, the price of Ethereum skyrocketed from $1811 to $2597, a 40% increase that’s more thrilling than a roller coaster ride!

There are several reasons for this surge in Ethereum. Firstly, on May 7th, the successful completion of the Pectra upgrade marked an important milestone in its development history. This upgrade brought 11 key improvements, increasing the validator single-address staking limit from 32 ETH to 2048 ETH, greatly attracting institutional investors and leading to a flood of capital. The number of Blobs increased from 3 to 6, significantly enhancing theoretical throughput and strengthening transaction processing capabilities, while Layer 1 transaction costs decreased, making it more competitive. EIP-7002 allows validators to exit safely, reducing risks, and the subsequent Fusaka upgrade plans pave the way for large-scale application scenarios, leading to unprecedented investor confidence, with many buying in and driving prices up.