Hereās Fundamentals behind ETH bullish momentumā”ļø
š Ethereum Pectra Upgrade Fuels ETH bullish Momentum š„
Ethereum Pectra upgrade, launched on May 7, 2025, has significantly enhanced the network scalability, staking efficiency, and user experience. Key improvements include raising the validator stake limit from 32 to 2,048 ETH and introducing EIP-7702, which allows wallets to function as smart contracts, enabling features like bundled transactions and flexible gas payments .
These advancements have bolstered investor confidence, contributing to a 45% surge in ETHās price in May. Currently, ETH is trading at approximately $2,675, nearing its recent highs . The upgrade has also spurred increased activity in Ethereum-based applications and staking, indicating a positive outlook for the networkās growth.
However, itās important to note that while the Pectra upgrade has improved Ethereum infrastructure, some analysts caution that it may not be sufficient to significantly boost ETH price in the short term, especially given competition from faster and more cost-effective blockchains .
Overall, the Pectra upgrade positions Ethereum for long-term success, but investors should remain mindful of market dynamics and emerging competitors.
