$ETH

The Ethereum network is witnessing continuous and significant developments; here’s a summary of the latest news and predictions:

1. Anticipated Pectra upgrade:

* The "Pectra" upgrade (Prague + Electra) is the next major update for the Ethereum network, expected to be completed in late 2024 or early 2025.

* This upgrade aims for significant improvements in network efficiency, functional capabilities, and scalability.

* Pectra will include significant updates to the user experience through "Smart Accounts," which will make wallets function as programmable smart contracts.

* The upgrade will also enhance the Staking process, making it easier for institutions and individual investors to secure the network.

2. Inflows of Ethereum ETFs:

* Spot ETH ETFs have seen large investment inflows, with managed assets reaching $9 billion, and inflows of $815 million over 20 days.

* These inflows indicate increasing institutional interest in Ethereum, enhancing its market position.

3. Market performance and Ethereum price:

* Ethereum shows positive performance recently, surpassing key moving averages and approaching important resistance levels.

* Many analyses predict that the price of Ethereum will continue to rise in the coming period, with expectations of reaching $3,000 soon.

* Price predictions for 2025 range between $4,500 and $6,500, with more optimistic estimates reaching $28,700 by the end of 2025 according to some models.

* For the longer term, some analysts expect the price of Ethereum to exceed $10,000 by 2030, potentially reaching much higher levels in the long run.

4. Ongoing challenges:

* Transaction fees on Ethereum's Layer 1 remain relatively high, posing a barrier for some users. However, Layer 2 solutions are significantly alleviating this issue.