#PectraUpgrade

The upcoming Pectra upgrade on the Ethereum network is casting a shadow of concern over Cardano (ADA), given past trends. Historically, significant Ethereum improvements have often coincided with bearish pressure on ADA. For instance, Cardano saw a notable price correction after Ethereum's London upgrade in 2021, and again following the Merge in 2022.

Now, with Pectra on the horizon, eyes are on a critical support level for ADA at $0.66. If Cardano's price were to break below this point after the upgrade goes live, it could trigger a cascade of long liquidations. According to recent liquidation maps, over $7 million in long ADA positions are clustered around this $0.66 mark. Should these positions be forcibly closed, the resulting spike in selling pressure could fuel an even steeper price dip for Cardano