"The PECTRA upgrade of Ethereum includes 11 EIPs aimed at improving network scalability, reducing costs, and enhancing user experience. Key improvements include smart wallets, Rollup optimizations, enhanced staking features, and more. These changes will drive the long-term development of Ethereum, but in the short term, they may put pressure on the ETH price due to increased network efficiency, ETH burn, and reduced fees. Overall, PECTRA represents a significant technological advancement that strengthens Ethereum's competitiveness."