Ethereum Price Stagnates as Pectra Upgrade Approaches – Is a Big Move Coming?
Ethereum is gearing up for the Pectra upgrade, which is expected to improve performance and user experience. However, ETH price remains at around $1,812, down slightly by 0.44% from the previous session.
Pectra Upgrade and Hoodi Testnet
After the problems on the Sepolia and Holesky testnets, the Ethereum development team launched a new testnet called Hoodi on March 17, 2025. If the Hoodi test goes smoothly, Pectra could be deployed on the mainnet as early as late April or early May 2025.
Pectra Highlights
EIP-7251: Increases the maximum staking limit from 32 ETH to 2,048 ETH, simplifying the staking process and reducing infrastructure costs.
EIP-7702: Enables wallets to function as smart contracts, supports stablecoin fee payments, and automated trading.
Market sentiment and ETH price outlook
Despite the potential improvements from Pectra, ETH prices have yet to reflect optimism. This stagnation may be due to Ethereum’s recent challenges and competition from other blockchains such as Solana and Cardano.
Conclusion
A successful implementation of Pectra could mark a major turning point for Ethereum, improving performance and attracting investor interest. However, the market is still closely watching to assess the actual impact of this upgrade on ETH prices.
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