Ethereum’s Pectra upgrade could lay groundwork for next market rally
The Pectra upgrade aims to significantly reduce Ether selling pressure, potentially contributing to long-term price appreciation.
Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin.
The Ether (ETH) price fell over 32% during February, finding a local bottom at an over two-month low of $2,073 before recovering to the current $2,245 mark, Cointelegraph Markets Pro data shows.
ETH/USD, 1-year chart. Source: Cointelegraph