Ethereum is launching its Pectra network upgrade today, aiming to enhance scalability, lower transaction fees, improve security, and introduce smart accounts.
The upgrade will implement Ethereum Improvement Proposals (EIPs) to make the network more efficient and secure, with the first 12 critical minutes post-launch requiring close monitoring for potential issues.
Despite challenges on testnets, including bugs and finality issues, developers are optimistic about the upgrade's potential to streamline processes and boost user experience.
Investors have shown increased confidence in Ethereum, leading to a 2.4% price surge, with analysts suggesting a potential price target of $3000 if ETH surpasses the $1,842 level.