$ETH Simplified Technical Analysis – The Impact of the Pectra Upgrade on the Price of Ethereum.

What is the Pectra Upgrade?

The Pectra Upgrade is a major update to the Ethereum network, aimed at integrating a set of improvements at the transaction, storage, and staking mechanism levels. This upgrade aims to reduce costs, accelerate performance, and facilitate the use of Ethereum in decentralized applications.

Expected Impact on Price

1. Increased Demand:

As the network becomes faster, more efficient, and less expensive, user and developer interest in utilizing it increases, leading to an increase in demand for Ethereum.