$BTC Eth Ethereum, the second-largest digital asset, has underperformed expectations since 2023 and hasn't reached new all-time highs this cycle. However, ETH recently surged 50% from $1,800 to $2,700, potentially driven by excitement around the successful May 7th Pectra upgrade, which consolidates validators and improves network efficiency. The rally featured multiple strong daily gains, including a +21.8% surge—the largest single-day increase since May 2021—providing significant relief to investors.