$ETH

🔧 Network Upgrades & Development

Pectra Upgrade & Hoodi Testnet: Ethereum developers have launched the Hoodi testnet to facilitate the upcoming 'Pectra' upgrade. This follows unsuccessful tests on previous testnets, with the mainnet deployment anticipated approximately 30 days after successful testing. ​

Dencun Upgrade: Scheduled for March 13, this upgrade aims to introduce proto-danksharding, enhancing transaction speed and reducing costs. ​

📉 Market Performance & Investor Sentiment

Underperformance Against Bitcoin: In 2024, Ether's return was 46.29%, compared to Bitcoin's 121.4%. Ether ETFs attracted $2.66 billion, while Bitcoin ETFs saw $35.27 billion in inflows. ​

Technical Indicators: The ETH/BTC ratio stands at 0.03571. A breakout above 0.04 could signal a shift in Ether’s relative strength. ​