#ethupdates

$ETH is set to undergo its Pectra upgrade on May 7, 2025 — its biggest since the Merge. This update introduces 11 Ethereum Improvement Proposals (EIPs) aimed at enhancing scalability, validator efficiency, and gas fee management. One notable feature, EIP-7702, allows for sponsored transactions. Ethereum is currently priced around $1,794.80, with analysts predicting increased market volatility and a potential price rise.