#PectraUpgrade #PectraUpgrade: Ethereum's Leap, Cardano’s Risk
The upcoming Pectra upgrade on the Ethereum network has raised fresh concerns for Cardano (ADA), given historical trends. Previous Ethereum milestones—like the London upgrade in 2021 and The Merge in 2022—were followed by noticeable price drops for ADA. Now, as Pectra approaches, attention is turning to a key support level for ADA at $0.66.
Market data shows that over $7 million in long ADA positions are clustered near this level. If the price falls below it, forced liquidations could spark a wave of selling pressure, amplifying ADA’s downside risk. The market could see increased volatility as Ethereum strengthens its ecosystem while ADA struggles to hold ground.
Traders and investors are watching closely: will Pectra mark another turning point in the #ETH #ADA dynamic?