In the days following the Pectra upgrade, Ethereum’s price experienced a substantial rally. $ETH surged from below $2,000 to nearly $2,700, marking a significant recovery. Analysts attribute this momentum to several factors, including increased accumulation by large holders and a general uptick in market sentiment .
Technical analyses suggest that if Ethereum can break through the $2,533 resistance level, it may test the $2,500–$2,600 range in the near term . This bullish outlook is further supported by a 45% surge in $ETH price, reaching a 2025 high near $2,604 . 