$ETH Ethereum (ETH) is making a comeback after months of underperformance. At the time of writing on Friday, it hovers above$2,500 after soaring nearly 100% since early April's bottom.

The Pectra upgrade has seen swift adoption, with more than 11,000 EIP-7702 authorizations already processed in a week, indicating healthy uptake by wallets and Decentralized Applications (dApps).

Additionally, the surge in stablecoin activity, rising institutional adoption of Ethereum Layer 2 networks, and an unwind of ETH short positions fuel renewed market optimism. To understand whether this rally has staying power, FXStreet spoke with several crypto experts for their insights.#BinancePizza