$ETH 🔍The problems of Ethereum during this bull market are well documented. It suffered from low traffic and a lack of attention-grabbing use cases, and its layer 2 chains, which make Ethereum faster, suffered from poor UX. But then came the Pectra update.

📌Pectra, the most significant Ethereum update since The Merge, brought three key improvements, including external accounts as smart contracts, increased staking limits, and data volumes per block.

📈Ethereum's native token

The price has significantly increased since the update, jumping over 43% since May 7.