Ethereum Set for Major Upgrade with “Pectra” Launch

Ethereum (ETH)$ETH developers have confirmed that the long-awaited "Pectra" upgrade will go live next week, introducing key enhancements to scalability and user experience. Pectra includes EIP-7702, a proposal by Vitalik Buterin that improves account abstraction and wallet efficiency. The update is also expected to reduce gas fees on Layer 2 networks and improve interoperability between dApps. Following the announcement, ETH climbed 3.1% to trade near $3,850. Ethereum’s roadmap for the next year includes major focus on data availability and modular execution layers. This upgrade continues Ethereum’s shift toward a more rollup-centric ecosystem, essential for mainstream scalability. Projects like Arbitrum and Optimism stand to benefit significantly. Developers and stakers are preparing their nodes for the transition, with over 83% already upgraded. If successfully deployed, Pectra could push Ethereum into the next phase of adoption. ETH bulls now eye $4,000 as the next technical target amid growing excitement.