$ETH

Ethereum's Rise Today: A Technological Leap and Investment Optimism

Today, the Ethereum cryptocurrency witnessed a remarkable increase of over 16.5%, reaching a level of $4000, its highest rise since last March, supported by intertwined technical and economic factors. This strong performance coincided with the activation of the Pectra upgrade on the main network, which included 11 technical improvements, such as EIP-7702 that allows transaction fees to be paid in stablecoins like USDC, enhancing usability, and EIP-7251 which increases the storage capacity for validators, thus boosting network efficiency.

The significant growth in the decentralized finance (DeFi) sector also contributed, as the total value locked (TVL) on the Ethereum network rose by 41% over the past month, bringing its total to $52.8 billion, with flows from major institutional funds like BlackRock's BUIDL fund. Additionally, the number of daily transactions increased by 22%, reaching 1.34 million transactions, reflecting growing interaction with the network.

From a technical perspective, the price broke through a key resistance level at $2,100, supported by strong buy signals from indicators like RSI and MACD, with expectations of reaching $3,000 in the coming months. The historic rise of Bitcoin above $100,000 also played a role in boosting the momentum of the digital market as a whole, including Ethereum.

Despite the optimism, volatility remains a persistent characteristic, as the currency faces daily fluctuations reaching