$ETH

⚡️ #ETH soars above $2,600 today after a weekly rebound of over 12%, supported by the liquidation of short positions on CME contracts and a decline in short interest. The Pectra upgrade, completed on May 7, increased the stacking limit to 2,048 ETH and reduced fees, reviving momentum for on-chain DeFi applications. Meanwhile, the SEC approved the trading of spot ETF options last month, opening a new institutional liquidity gateway for Ethereum.

🔗 On-chain, the ether staked has reached 34.2 million ETH (≈ 28% of the supply) with an annual yield of about 3%, keeping selling pressure limited.

🚀 Do you see ETH soaring towards $3,000 soon, or does it need to catch its breath first?

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