The Ethereum Pectra upgrade is set to go live on May 7, 2025. Will ETH really drop back to $1,300?
The Ethereum Pectra upgrade is expected to launch on May 7, 2025, aiming to enhance network performance, making transactions faster and cheaper while addressing high gas fees and scalability issues. If market confidence grows, it could also drive innovation in DeFi and NFTs, further solidifying Ethereum’s leading position.
However, if technical issues arise, they could lead to network failures or price volatility. Risks of forks and regulatory pressures are also lurking, so staying cautious is key.
As the core of the ecosystem, a successful upgrade might spark a bull run, boosting ERC-20 tokens along with it. But if it fails, it could drag down the broader market, forcing other platforms like Solana to speed up their efforts to catch up. Want to stay ahead of this shift?
The current price of ETH is approaching the low point of the last bear market. We are optimistic about the long-term development of the Ethereum ecosystem and believe now might be a good time to enter the market.
Keep a close eye on CryptoHK and don’t miss the latest updates.