Ethereum has experienced a significant increase in its price, reaching $1,800 on April 23, 2025, which represents a 15% increase in the last 24 hours. This surge has helped Ethereum regain some of its market dominance, which had recently fallen to historical lows. Analysts suggest that this increase could be related to a "short squeeze" in the market, where short positions are forced to close, further driving up the price.
In addition, Ethereum is preparing to implement the Pectra upgrade, scheduled for April 30, 2025. This update promises to improve efficiency, security, and user experience on the network. Among the new features are account abstraction, gas sponsorship, and improvements in scalability for layer 2 solutions like Arbitrum and Base. These innovations aim to make Ethereum more accessible and efficient for both users and validators.
