3 months ago in NOV we published an article about $ETH pectra upgrade. Today we are here with more details and to the pont as it is going to happen just after one and half a month.
1. Ethereum Pectra Upgrade
🔸Ethereum’s Pectra hard fork is a major update by adding both Prague and Electra upgrades.
🔸Main focus is to improve scalability, staking, and gas efficiency.
🔸Expected to happen in early 2025, followed by a second phase in 2026.
2. Pectra Upgrade Main Features
a) Higher Staking Limits
🔸Increases validator cap from 32 ETH to 2,048 ETH.
🔸Allows large-scale validators to consolidate holdings.
🔸Optimizes staking rewards and reduces network congestion.
b) Account Abstraction
🔸Allow users to pay gas fees with multiple tokens, not just #ETH .
🔸Improves user experience and accessibility.
c) Verkle Trees for Scalability
🔸Improves data storage efficiency.
🔸Reduces hardware requirements for #Ethereum nodes.
🔸Lowers transaction costs and increases speed.
d) PeerDAS (Phase 2 in 2026)
🔸Peer Data Availability Sampling (PeerDAS) will enhance data accessibility. That will happen in 2026.
🔸Further improves smart contract efficiency and execution speed.
3. Will Pectra Impact ETH Price?
Bullish Factors
🔸Improved staking model attracts more institutional investors.
🔸Scalability improvements increase network adoption.
🔸Lower fees and better efficiency make Ethereum more aggressive.
🔸ETH could break $3,500 post-upgrade if sentiment turns bullish.
Risks and Challenges
🔸Possible delays or technical issues could lead to price dips.
🔸Competition from low-fee, high-speed blockchains.
🔸Past Ethereum upgrades have not always led to immediate price increment but later on.
4. Game-Changer or Hype?
🔸Pectra brings major improvements, but price impact depends on execution and market sentiment.
🔸If successful, Ethereum could strengthen its dominance in DeFi and smart contracts.
Will Pectra pump ETH’s price? Only time will tell, but Ethereum’s future looks bright!
