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Pectra Goes Live This Week – Here’s What It Means for the Price of ETH

  • Pectra is set to go live on Ethereum from May 7, following years of development and testing by developers.
  • The market's reaction to Pectra will have a significant impact on the Ethereum network, particularly on the liquid staking sector and the DeFi industry.
  • While the hard fork may not lead to an immediate price surge for ETH, it is expected to strengthen Ethereum's economic fundamentals and create increased yield opportunities.
  • Experts predict that Pectra's improvements, such as gas subsidies and passkey sign-ins, could drive greater demand for ETH in the long term, contributing to the recovery of Ethereum against USD and BTC.

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