The Prague (Pectra) upgrade for Ethereum (79004287319) has been finalized and is expected to launch on the mainnet on April 30, 2025. This upgrade includes two parts: Prague (execution layer upgrade) and Electra (consensus layer upgrade), aimed at enhancing Ethereum's scalability, security, staking efficiency, and user experience. The launch process for the Prague upgrade was delayed due to issues on the testnets Holesky and Sepolia, but by creating a third testnet, Hoodi, and stabilizing its operation, the mainnet launch date was ultimately confirmed. This upgrade is considered another important milestone following the Dencun upgrade in 2024, with the potential to improve Ethereum's performance, especially in this current bull market where there is a lack of upward momentum and significant volatility during declines. The upgrade will introduce proposals such as EIP-7702 and EIP-7251, which will respectively improve user wallet experience and increase validators' staking limits. Although the market has high expectations for the Prague upgrade, it remains to be seen whether it can significantly boost Ethereum's price.