$ETH The "Pectra" upgrade for the Ethereum network is expected on May 7, 2025, aiming to improve network efficiency and overall user experience. Some of the key updates included are:

Support for programmable wallets: This will allow greater flexibility in how users manage and control their funds.

Increased maximum for freezing Ether: Validators will be able to freeze up to 2048 ETH instead of the current limit of 32, enhancing the efficiency of staking and participation in the network.

Improved withdrawal mechanisms: More flexible options for withdrawing Ether will be available for validators.

Increase in data capacity within blocks: This means reduced transaction costs and increased network efficiency.

The upgrade has undergone successful testing previously and is expected to be a significant step towards making Ethereum more powerful, sustainable, and user-friendly for both users and developers.