The recent Ethereum market performance has been quite volatile. After the successful implementation of the Pectra upgrade on May 7, it introduced key technological improvements, including a higher staking limit and account abstraction (EIP - 7702 standard). Subsequently, Ethereum surged over 40% within 72 hours, approaching $2600, leading to a massive short covering in the futures market with a liquidation amount reaching $438 million. However, the price experienced significant fluctuations afterward, falling below $2400 per coin on June 6, with a daily drop of 7.98%, resulting in over 227,000 liquidations globally. Currently, its price is fluctuating around $2700, with future trends influenced by the effects of the upgrade, market sentiment, and macroeconomic factors.