Ethereum News: Pectra Upgrade Set to Enhance Network and Potentially Boost Price in 2025

Ethereum enthusiasts are buzzing with excitement as the cryptocurrency prepares for a major upgrade known as the Pectra Upgrade, scheduled for March 5, 2025. This significant update promises to revolutionize Ethereum’s network by addressing key issues related to scalability, security, and overall performance. Here’s a closer look at what the Pectra Upgrade entails and how it could impact Ethereum’s price in the coming year.

Ethereum Pectra Upgrade Could Drive Price Surge in 2025

Ethereum (ETH) is preparing for a significant upgrade known as the Pectra Upgrade, slated for March 5, 2025. This update aims to enhance Ethereum’s network by improving scalability, security, and overall performance. The Pectra Upgrade will address transaction speeds, making the network more efficient for decentralized applications (dApps) and smart contracts. Additionally, it will introduce more flexible gas fees to reduce congestion and improve the user experience. These advancements could lead to a major price surge for Ethereum, continuing its bullish momentum.

ETH Tests $2K, Lowest Since November 2023

Ether (ETH) is testing levels not seen since November 2023 due to volatility resulting from U.S. President Donald Trump’s trade war threat. ETH is down 15% in the last 24 hours, dragging down the CoinDesk 20. The decline over the past three months has been driven by bearish investor sentiment, weak institutional demand, and macro headwinds like trade war fears, inflation concerns, and stock market weakness. Nearly $165 million in ETH long positions have been liquidated in the last 12 hours. Bettors on Polymarket are giving a 76% chance of ether hitting $1900 by the end of the month.

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Ethereum Drops Below $2,100 Amid Trump Tariff Concerns

Ethereum has fallen below $2,100, hitting its lowest level since December 2023. The cryptocurrency is down 15% in the past 24 hours, trading at $2,063. The drop follows a short-lived rally after Donald Trump’s March 2 announcement of a U.S. Crypto Strategic Reserve, which briefly pushed ETH above $2,500. However, Trump’s confirmation that fresh tariffs on China, Canada, and Mexico will go into force on March 4 has caused market sentiment to shift, raising concerns about broader economic instability. The announcement caused Ethereum’s (ETH) price to plummet, dropping below its pre-pump level of about $2190. Decentralized finance activity and the Ethereum futures market both indicate Ethereum’s declining momentum.