Ethereum's Pectra upgrade has shown promise, but its price still struggles to reflect these improvements. Despite new features like smart wallets and Layer 2 scaling, ETH's price action remains flat. Meanwhile, Pepe faces a tough road ahead, with bearish signals indicating losses.
Ethereum's Pectra launch: a new era or just more talk?
The Ethereum Pectra upgrade launched on May 7, 2025, marking a significant milestone and the most notable changes to the network since the merge. This upgrade introduces several exciting features through 11 Ethereum Improvement Proposals (EIPs).
One of the major additions is smart accounts, allowing wallets to operate like smart contracts, providing greater flexibility. Additionally, users can now pay gas fees with tokens other than ETH, making transactions more versatile. This update also enhances Ethereum's speed and cost efficiency, helping it compete with faster blockchains like Solana and Avalanche.
Looking ahead, experts are optimistic about Ethereum's future. With another significant upgrade, Fusaka, planned for later this year, Ethereum is laying the foundation for stronger growth, attracting more investors and adoption in areas like DeFi, AI, and Gaming.
PEPE Price Analysis: Struggling to break resistance
Pepe is currently hovering around 0.000013, with indicators pointing to a potential drop. The price has failed to break the resistance at 0.000016, and key momentum indicators like RSI and MACD are showing signs of weakening bullish momentum.
The RSI reflects bearish divergence, while the MACD has formed a bearish crossover. Both signals indicate a potential shift in trend. Most importantly, on-chain data shows a short-term uptick, with the long-term ratio dropping to 0.86, indicating traders are becoming increasingly bearish.
If this downtrend continues, PEPE could test support levels at $0.000012, and possibly even $0.000011. Closely monitoring these technical signals and market sentiment is crucial for making informed investment decisions.
