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Ethereum update

Ethereum Price Skyrockets to $2400 Showing Surging Momentum

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  • Ethereum’s price surged 20% following the Pectra upgrade, marking its largest single-day gain in four years.
  • Trading volume jumped nearly 46% as the Ethereum Virtual Machine became faster and more efficient.

Ethereum price has recently seen a surge, with its price hitting $2,400 due to the highly anticipated Pectra upgrade. This new improvement on the network has helped boost investors’ confidence and show Ethereum’s decision to evolve and scale.

This 20% rise in price marks ETH’s biggest daily rise in four years. The Pectra upgrade is seen as one of the most important changes in the network since the 2022 Merge, with its new updates to make the network faster, easier to use, and better for staking.

 The upgrade joins the Prague and Electra changes into one, adding 11 new features, making it the largest system change so far. This new upgrade enhances user experience and validator efficiency and has sparked renewed interest from developers and institutions. 

Market Reaction to Ethereum Pectra Upgrade 

As per normal in the crypto space, the market reacted quickly to the Pectra upgrade. Before the update was done, ETH was trading near $1,830, but by Friday morning, it had jumped past $2,400, marking ETH’s biggest daily rise since 2021. Trading activity also rose to almost 46% due to the increase in the use of the Ethereum Virtual Machine.

For a while, the price stayed above $1880. After staying above $1880, Ethereum began a new push, moving past $1950 and even outpacing Bitcoin in trading activity. Buyers also helped to push the price to over $2,000. After some hours, it moved beyond $2,200 to a high of $2,241. 

The price is now holding gains above the 23.6% Fib level from the $1,752 low to the $2,241 top. Ethereum is trading above $2,200 and the 100-hour Simple Moving Average. And as of the time of writing, the price stands at $2,331, with a 24-hour increase of 8.4%.

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Ethereum’s Update Is Live; Here’s How It Plans to Improve User Experience

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  • Ethereum’s Update Is Live; Here’s How It Plans to Improve User Experience
  • Ethereum’s Pectra upgrade has been launched, and it introduces 11 new updates designed to enhance user experience and boost network efficiency.
  • Some of the key features include increased staking limits, simplified cross-layer communication, and reduced gas fees for developers.


Ethereum, the world’s second-largest blockchain, has set out to carry out one of the biggest updates in crypto history. The blockchain network plans to carry out a Pectra upgrade, with the promise of bringing faster speeds, smoother interactions, and a more user-friendly experience across the network.

Ethereum’s Pectra upgrade officially launched on the 7th of May, 2025, at epoch 364032, which was some hours ago. This new Pectra upgrade brings features from the Prague and Electra updates. It also brings 11 new changes aimed at making the network faster, safer, and easier for users. For everyday users, this automatically means quicker transactions and fewer headaches. For developers and investors, it shows Ethereum’s seriousness towards achieving scalability and mainstream adoption.

What does this Ethereum update include?

The Pectra upgrade was launched at 6 a.m. Eastern on May 7, 2025. And it would improve validator performance, support cheaper Layer 2 transactions, and add better wallet tools. One of the most exciting updates is the platform’s decision to increase token staking limits to 2,048 ETH, making operations easier while also speeding up deposit times.

To lower costs, the platform has encouraged the use of blob over old data methods, and throughput has doubled. So basically, wallets can now act like smart contracts for grouped actions and sponsored fees. Gas use has been reduced for cryptography, and developers can now get easier access to older data.

Communication across layers is now simpler too. These upgrade lowers work for validators and give coders more ways to build fast and affordable tools. Although testing had a few issues, the mainnet launch went smoothly. With billions held on the network, this step could strengthen trust among investors and general crypto users moving forward.

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