$ETH
Ethereum (ETH) is experiencing a significant resurgence, trading at $2,199.07, marking a 20% increase from the previous day. This rally follows the successful implementation of the Pectra upgrade, which aims to enhance transaction speed and cost efficiency.
Despite the recent price surge, ETH remains approximately 54% below its all-time high of $4,721.07, reached in November 2021. However, the current momentum, bolstered by increased institutional interest and the growing adoption of Layer 2 solutions like Base, suggests a positive outlook for Ethereum's future performance.
Analysts are optimistic, with some predicting a potential rise to $2,400 in the near term, contingent on sustained network activity and broader market conditions.
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