$ETH
Pectra Upgrade: Ethereum recently implemented the Pectra upgrade, its most significant overhaul since the Merge in 2022. This upgrade introduced 11 improvement proposals aimed at enhancing transaction speed, reducing costs, and improving wallet usability. Notably, it raised the staking cap from 32 ETH to 2,048 ETH per validator.
Fusaka Upgrade: Looking ahead, Ethereum developers are preparing for the Fusaka upgrade, which includes the "PeerDAS" feature designed to improve data availability. This enhancement aims to reduce costs for Layer-2 solutions and validators.
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š Market Outlook
Ethereum's recent price movements have been influenced by these technological advancements. Analysts suggest that if ETH maintains support above $2,500, it could target the $3,000 level in the near future.
