Ethereum’s Pectra Upgrade Goes Live Today—Right on Schedule

Mark your calendars—Ethereum’s Pectra upgrade just hit mainnet as planned. No delays, no last-minute drama. Just another day in crypto’s relentless march toward... whatever this is supposed to fix.

Why It Matters: Pectra promises smoother transactions and lower fees—again. Because the last three upgrades definitely solved that permanently.

Wall Street’s Take: Traders yawn while secretly FOMO-ing into ETH calls. Because nothing says ’mature asset class’ like betting on dev timelines.

Love it or hate it, Ethereum keeps iterating while the rest of crypto plays catch-up. Now watch gas fees spike anyway.

ETH slumps before Pectra launch

Pectra has been widely considered a potential trigger for the price of ETH. However, ETH has rarely rallied after upgrades, and the news kept failing to cause a rally. 

Just as Pectra was announced, ETH sank again under $1,800. ETH traded at $1,770.13, with open interest under $10B. 

ETH is at a crossroads, with a mix of accumulation and panic-selling for a loss. The token is seen as risky for another correction, preventing traders from risking Leveraged positions. The Pectra upgrade is one of the factors behind the most optimistic predictions for an ETH rally. 

The potential downside of ETH is also pushing DeFi protocols, where loans are starting at a lower liquidation price in the $1,400 range. Liquidation levels in DeFi go as low as $863, signaling relatively low confidence in the ability of ETH to hold a reliable price range. 

The overall sentiment on Ethereum means Pectra may not move the price based on the most bullish predictions. However, the upgrade is seen as one of the potential factors to stop the five-month slide of ETH.

Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites