Ethereum ($ETH) has experienced a significant rise, surpassing $2,400, marking its best weekly performance in four years. This increase came as a result of the "Pectra" update, which enhanced the network's efficiency, thereby boosting investor confidence in Ethereum's future.

On the same day, Ethereum exchange-traded funds (ETFs) recorded net inflows of $17.6 million, with the entirety of these inflows concentrated in BlackRock's ETHA fund, indicating growing institutional interest.

On the other hand, one major investor purchased over 11,700 units of Ethereum after a previous loss of $11 million, reflecting renewed confidence in the digital currency.

These developments suggest that Ethereum may witness further growth in the coming period, especially with increased institutional interest and technical updates that.