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ETH Price Outlook: Why Traders Are ‘Insanely Bullish’ on Ethereum’s Long-Term Chart as Pectra Upgrade Goes Live

  • Ethereum's Pectra upgrade goes live on the Holesky testnet, aiming to enhance scalability.
  • Despite the launch, Ethereum developers encountered finalization issues related to consensus on transactions.
  • Cryptocurrency analyst DrProfitCrypto remains 'insanely bullish' on Ethereum's long-term trajectory due to several key factors.
  • These factors include historical support levels, an ascending channel, an ascending triangle pattern, and a high liquidity zone at $4,000.

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