$ETH Ethereum ($ETH) is currently showing strong bullish momentum, with its price recently hitting a 15-week high above $2,800. This surge is significantly driven by sustained institutional interest, evidenced by continuous inflows into spot Ethereum ETFs. BlackRock's iShares Ethereum Trust (ETHA) alone has seen substantial weekly inflows, nearing $5 billion in total assets.

Looking ahead, the Pectra upgrade, successfully launched on May 7, 2025, is a major development. It combines the Prague and Electra hard forks, bringing significant improvements like account abstraction (EIP-7702) for enhanced user experience and increased validator flexibility (EIP-7251), allowing staking of any amount between 32 and 2048 ETH. These upgrades aim to boost scalability, reduce fees, and improve overall network efficiency, setting the stage for further price appreciation. Analysts are now eyeing targets of $3,000 to $4,000 and potentially higher by year-end.