$ETH A notable event is that a dormant Ethereum whale became active after three months, purchasing a substantial amount of $ETH worth $2.3 million. Such large transactions can sometimes signal a shift in market sentiment.

Looking ahead, the Pectra upgrade is still anticipated, aiming to improve the network's performance and user experience. 1 While some analysts remain bullish on ETH's long-term potential, predicting prices could reach as high as $6,700 by the end of 2025, others note that ETH has been underperforming Bitcoin in recent times. The approval of options trading for spot Ethereum ETFs is seen as a positive development for accessibility