Ethereum faced a 58% decrease in value year-to-date with its lowest price at $1,470 in April 2025.
The Pectra upgrade on May 7th marked a turning point for Ethereum, introducing better scalability and staking enhancements.
Institutional investors like BlackRock and Fidelity increased their investments in Ethereum post-Pectra upgrade, signaling growing confidence in the network.
After months of underperformance, Ethereum saw a 47% surge in just five days, outperforming Bitcoin, triggering a drop in Bitcoin dominance, and attracting both retail and institutional investors.