Ethereum $ETH activated its most significant upgrade since the 2022 Merge—called Pectra—on May 7. This dual-layer upgrade introduced 11 Ethereum Improvement Proposals (EIPs), including:
EIP-7702: Enables smart contract features in wallets, allowing users to pay gas fees with tokens other than $ETH .
EIP-7251: Raises the staking cap per validator from 32 ETH to 2,048 ETH, enhancing staking flexibility.
These changes aim to improve wallet usability, staking efficiency, and overall network scalability.
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📈 Market Performance
Ethereum (ETH) is currently trading at approximately $2,553, reflecting a 7% increase from the previous day. Analysts suggest that ETH could reach $4,000 in the near term, driven by positive market sentiment and increased network activity.
Despite a recent 4.3% dip to $2,400, attributed to market corrections, Ethereum has shown resilience, with significant inflows into Ethereum ETFs, marking their best-performing month in 2025.
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🏛️ Regulatory Developments
The U.S. Senate is progressing on the bipartisan GENIUS Act, focusing on stablecoin legislation, which could provide clearer regulatory frameworks for digital assets.
Additionally, Mastercard is integrating stablecoin payment features through partnerships, such as with MoonPay, allowing users to make real-world purchases by converting stablecoins like USDC into local currencies.
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🔮 Future Outlook
Experts predict that Ethereum could reach $5,000 in 2025, supported by factors like AI adoption, increased institutional interest, and the improvements brought by the Pectra upgrade. Arthur Hayes, co-founder of BitMEX, anticipates exceptional performance from Ethereum against its competitors in the next 18 to 24 months.$ETH