Ethereum's latest major upgrade, Pectra, combining Prague and Electra updates, has gone live, aiming to make the network faster, cheaper, and easier to use.
Pectra introduces 11 key changes, including increased blob capacity, maximum validator stake, validator activation speed, and account abstraction for better scalability and user experience.
Analyst Michael Van De Poppe suggests Ethereum (ETH) is consolidating for a potential upward move, waiting for positive news to trigger a breakout.
With Ethereum's previous upgrades like The Merge and Dencun making moderate impact on price, the market is keen to observe if the Pectra upgrade will lead to a significant price surge.