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.