<ul><li>Ethereum's price surged significantly, breaking past the $2,600 barrier range and recording over 50% price increase since $1,800 mark.</li><li>The surge was fueled by the Ethereum Pectra Upgrade launched on May 7, aimed at enhancing scalability and efficiency, marking a significant change in the network.</li><li>ETH recorded a 21.8% rise in under 24 hours, the biggest daily gain since May 2021, signaling a potential beginning of a new bull phase in the crypto market.</li><li>Weekly active addresses on the Ethereum network have increased sharply to 15.65 million, indicating strong adoption and conviction among investors, setting the stage for sustainable price increase.</li></ul>

Ethereum Surges With Force As Price Logs Most Significant Daily Rally In Years

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