Ethereum’s upcoming Pectra upgrade, set to be released on March 5, has market analysts in anticipation as it has the potential to make Ethereum do better in the market. Despite struggling compared to Bitcoin, Ethereum’s price may be helped by this change, experts say.
How Pectra May Assist Ethereum’s Price
Source: Merlijn The Trader
The price of Ethereum has been under stress lately. The price fell by over 32% in February to a low of $2,073 before rising slightly to $2,245. The upcoming Pectra upgrade might ease some of the selling pressure that has weighed on the market.
In the words of Gabriel Halm, an IntoTheBlock research analyst, the upgrade will not trigger an immediate price increase, but it’s a significant leap in enhancing Ethereum’s network. It will enhance Ethereum’s scalability (how much it can process) and lower consensus overhead, making the network more robust.
Ethereum Improvement Proposal (EIP)-7251 and Its Impact
The upgrade also comes with the EIP-7251, which will see the number of Ether validators are able to stake rise. Validators currently can stake 32 ETH, but with the upgrade, they could end up staking as much as 2,048 ETH. The validators will be able to earn more rewards from this, and it could decrease the number of Ether being sold, which can stabilize the price.
B R E A K I N G: Ethereum's Pectra Upgrade: A Bumpy Road Ahead – Ethereum's highly anticipated Pectra upgrade has recently gone live on the Holesky testnet, but it has encountered significant…Check out the full article here: https://t.co/X17XcyvGb3 pic.twitter.com/1KBx18UBrP
— Newsereum (@newsereum) March 3, 2025
Ethereum Leadership Change
Ethereum has recently been put under the spotlight, with some community members showing concern regarding competition from other networks. In response to this, the Ethereum Foundation made a change in leadership. Hsiao-Wei Wang and Tomasz Stańczak will assume the co-director role effective March 17. Their goal is to make Ethereum stronger and take on the competition from other layer-2 options.
With these revisions and improvements, Ethereum could be setting itself up for the second wave of the crypto market with the potential of more adoption and price appreciation.
