#ETHCrossed2500 Growing risk appetite following US tariff deals and Pectra upgrade has improved the Ethereum market's upside outlook.
Ether is set for its best weekly gain since May 2021.
Ethereum’s Pectra upgrade, mega-whale accumulation, and a major short squeeze fuel the rally.
Technical patterns suggest a potential 40% rally toward $3,400 as ETH bounces off key support.
ETH
$2,483
is on course to record its best weekly performance since May 2021, having risen by over 37.50% in the week ending May 11, including 10.30% gains in the last 24 hours.
US tariff updates, Pectra upgrade boost Ethereum
The announcement of a new trade agreement between the US and the UK on May 8 and the initiation of US-China trade talks afterward have bolstered upside sentiment in Ether and the broader crypto market.
Additionally, Ether benefits from its Pectra upgrade on May 7, which introduced key improvements like higher staking limits and account abstraction (EIP-7702) to make Ethereum easier and more flexible
