#ETHCrossed2500 Ethereum is currently trading at $2,490.90 with a 3.13% increase in the last 24 hours.
Its market capitalization stands at approximately $290.46 billion. The coin's recent price surge can be attributed to the successtul activation of the Pectra upgrade on the mainnet, which aims to improve scalability, decentralization, and efficiency.
Expert Opinions:
• Bitfinex Analysts: The Pectra upgrade brings both opportunities and challenges for Ethereum Layer 2s, potentially impacting decentralization and incentives.
• Nicolai Sondergaard: The upgrade enhances Ethereum's Layer-2
ecosystem, doubling blob capacity and making blobs the standard for rollup data.