#pectra The blockchain forgets nothing, but sometimes it knows how to bounce back with unexpected elegance. While some observers relegated Ethereum to a slow stagnation, the Pectra affair came to rewrite the script. 3.8 billion dollars injected into the ecosystem later, the second cryptocurrency by market capitalization finds a new breath. Is it just a flash in the pan or the beginnings of a renaissance? Analysis.

Pectra has revived Ethereum with 3.8 billion $ in incoming capital.

The realized capitalization rises, but network activity remains down.

ETH is regaining color, but adoption remains the real test.

The Pectra effect: an electric shock for the realized capitalization.

There are technical updates that go unnoticed. And then there is Pectra. Deployed on May 7, this upgrade did not simply refine the network: it awakened billions of dormant dollars.

The realized capitalization – an indicator that measures the value of an asset according to the last price paid for each ETH crypto – has risen from 240.8 to 244.6 billion dollars.

This jump of 3.8 billion, although modest on a global scale, reflects renewed confidence. Unlike market capitalization, often inflated by speculation, the Realized Cap offers a more faithful mirror of investor engagement. It is concrete capital, invested at a given price, not algorithmic wind.

This reversal of trend, after three months of massive capital outflows, marks a clear break. Technical signals become tangible: capital is flowing in, and the ETH crypto is regaining color. Is it Pectra that has charmed? Or is it a market, tired of its waiting game, seeking an excuse to reignite the fuse? Perhaps a bit of both.