Ethereum's Pectra upgrade boosts ETH's price by over 20%, reaching above $2,400 - the biggest gain since 2021.
Pectra upgrade introduces significant changes to Ethereum network, enhancing scaling and operational efficiency across the ecosystem.
Ether's rally suggests catching up with other cryptocurrencies; creator Vitalik Buterin aims to simplify blockchain infrastructure for better adoption.
Market analysts and reports indicate bullish sentiment for Ethereum, with price targets ranging from $2,500 to $3,500 amidst positive market developments.