Ethereum News: Pectra Upgrade Scheduled for March 2025

The Ethereum Pectra upgrade, a significant development in the Ethereum ecosystem, is scheduled for implementation in March 2025. This upgrade follows the successful launch of the Pectra Devnet 5, a specialized testnet designed to rigorously test the new features and improvements included in the Pectra upgrade. Ethereum developer and Galaxy Research executive Christine Kim has disclosed that the development team has reached a consensus on the deployment schedule for Pectra. The timeline includes the activation of Pectra on a Sepolia testnet fork by February 12 and on the Holesky fork by February 19. These activations are critical steps in ensuring the stability and functionality of the upgrade before its full deployment. The Pectra upgrade is expected to bring a host of enhancements to the Ethereum network, further solidifying its position as a leading blockchain platform. This development is eagerly anticipated by the Ethereum community and could have significant implications for the broader cryptocurrency market.

Ethereum Pectra Upgrade Scheduled for March 2025

The Ethereum Pectra upgrade is set to be implemented in March 2025. This follows the launch of the Pectra Devnet 5, a specialized testnet designed to test the Pectra upgrade. Ethereum developer and Galaxy Research executive Christine Kim revealed that the developers have agreed on a deployment schedule for Pectra. The timeline includes the activation of Pectra on a Sepolia testnet fork by February 12 and on the Holesky fork by February 19. These shadow forks will allow developers to test modifications to the Pectra upgrades without launching another devnet before the mainnet implementation. However, Kim noted that this timeline is tentative and could change if issues or bugs are discovered during testing.

Ethereum’s $4,000 Hope Diminishes as Dominance Hits a 4-Year Low

Ethereum’s market share has significantly declined, with its dominance hitting a four-year low of 11.68%. This decline indicates a shrinking value relative to the broader cryptocurrency market. Technical indicators suggest a continued bearish outlook, with ETH trading below its Parabolic SAR indicator, signaling potential further price drops.

Ethereum Pectra Upgrade to Launch on March 2025

The Ethereum Pectra Upgrade, scheduled for March 2025, is set to introduce significant improvements to the Ethereum network. This upgrade will combine eight Ethereum Improvement Proposals (EIPs) into a single update, including EIP-7702, which enhances wallet functionality by allowing them to operate like programmable smart contracts. This feature, inspired by Ethereum co-founder Vitalik Buterin, aims to simplify wallet usage and implement account abstraction. Preparations for the upgrade include testnet forks on Sepolia and Holesky in February 2025, following the launch of the Mekong testnet in November 2024 to test key components.

Ethereum Price Forecast: ETH likely to see increased demand as Pectra upgrade is set for March launch

Ethereum’s Pectra upgrade is scheduled to roll out in March 2025, following the Dencun upgrade. The Pectra upgrade aims to enhance the wallet experience, improve security, and increase the maximum staking limit. Currently, Ethereum is trading above $3,400, with developers planning to overcome resistance NEAR a key descending trendline. The upgrade is expected to boost demand for ETH, despite potential rejections near trendline resistance.