Ethereum's price has surged by 35% recently, approaching the $3,000 mark. The rally is attributed to the successful Pectra upgrade, which enhances staking and interoperability with layer-2 chains. Analysts predict Ethereum could reach $5,000 in 2025 if positive trends continue.
Key Takeaways:
Ethereum's price nears $3,000 after a significant rally.
Pectra upgrade improves network functionality and investor confidence.
Potential for Ethereum to reach $5,000 in the coming year.
