Ethereum (ETH) has climbed above $2,600, gaining 43.6% in a week, driven by the Pectra upgrade enhancing network efficiency and validator staking limits. The Ethereum Foundation’s “Trillion Dollar Security” initiative aims to bolster blockchain security, targeting institutional adoption. Despite a recent 4.27% price dip to $2,533.13, analysts eye $5,000 by year-end, fueled by AI integration and potential ETF developments. However, U.S. Ether ETFs saw $4M in outflows, signaling cautious institutional interest. Trading volume dropped 29.57%, hinting at a possible trend reversal. Ethereum’s market cap of $308B now surpasses Coca-Cola and Alibaba, with bullish patterns suggesting further gains if resistance levels break.
