$ETH Ethereum has recently deployed the Pectra update, the most significant since The Merge in 2022. It brings: 

• An increase in the staking cap per validator from 32 to 2,048 ETH.

• Improvements in transaction speed and interoperability with layer 2 solutions.

• A better user experience for wallets. 

These changes aim to enhance Ethereum's attractiveness for developers and investors.

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📈 Market Performance

As of May 16, 2025, the price of Ethereum (ETH) is $2,603.13, with an increase of $62.15 (approximately 2.45%) compared to the previous close. The highest price of the day is $2,603.75, and the lowest is $2,496.89.

This increase is attributed to the Pectra update and a renewed interest in digital assets.