Ethereum Surges to $2,400 After Pectra Upgrade
- Ethereum price increased by 28.9%, from $1,939 to over $2,400.
- The Pectra upgrade is the third major update since The Merge in 2022.
- The cryptocurrency is trading at $2,339, up 20.4% on the day.
- Pectra aims to enhance user experience and scalability through account abstraction and increased validator staking limits.
- Despite Ethereum’s rise, U.S. spot ETFs have seen three consecutive days of outflows.
Following the Pectra upgrade, Ethereum’s value surged by nearly 29%, reaching over $2,400. This significant increase comes despite recent ETF outflows, highlighting investor interest in the network’s latest enhancements.
Source (2.6)https://decrypt.co/318761/ethereum-surges-double-digits-to-2400-following-pectra-upgrade?rand=52368
