$ETH Recently, Ethereum experienced a significant rally, reaching a 2025 high near 2,604 following a breakout from the 1,800 level. [1] This surge was partly attributed to the successful implementation of the Pectra upgrade, which introduced enhancements to staking and smart contract functionalities. [2]

Despite this positive momentum, some analysts note that the immediate market reaction to the upgrade was muted, with ETH's price holding steady above1,800. [3] Looking ahead, the market is watching closely to see if Ethereum can sustain its upward trajectory and potentially test higher resistance levels