Despite high expectations, the Pectra version update – which marked the new chapter on Ethereum's journey to achieve optimal scale – only little to increase the price of ETH.
ETH is trading in $ 1904 during the press, which is only 3% open compared to weekly – the fact that traders did not actually adjust their positions, despite yesterday's successful upgrade.
Despite the positive event, the main parameters and price forecasts of outstanding analysts show that ETH's strongest profits are ahead.
Popular trader Crypto General states that the Altcoin driver could channel $ 2,200 in a short time as it keeps strong support.
Pectra goes to Ethereum Mainnet live – what should users expect?
After a number of delays awaits the renewal of Ethereum's eagerly counted pectra arrived On Wednesday, May 7, 2025, bringing code changes from eleven ethereum improvement proposals (EIB) to Mainnet.
Many described the most ambitious addition to Ethereum after “merger”, Pectra is ready to offer a better account abstraction, increased institutional contribution and increased scale, especially with the three main EIB: EIP-7702, EIP-7251 and EIP-7691.
EIB-7702 was a co-author Ethereum co-founder Vitalik Buterin, which sets a solid foundation for externally-owned accounts to exhibit the functionality of the smart contract and cover the chain transaction fees in chips that are not ETH. The EIB-7251, on the other hand, increases the maximum step limit from 32 to ETH to 2.048 ETH, which goes smoothly for the enlargers.
And finally, the EIB -7691 focuses on improving the scale of the ethereum, increasing the number of data debris per block, respectively, 3 and 6 to 6 and 9, respectively. One big plus of this EIB is that it opens the L2S door to post more data to L1 Mainnet -although betein is cautious.
While the upgrade didn’t really grab many headlines, prominent names in the industry including Circle CEO Jeremy Allaire have been speaking about it. In an X post, Allaire describes it as a pivotal improvement for on-chain usability, emphasizing its importance for stablecoins.
Others in the crypto space also share similar sentiment. Sergej Kunz, co-founder of Ethereum DEX aggregator 1inch, is optimistic that the upgrade will enhance native gasless transactions and simplified user flows.
0xAw, lead developer at Base Ethereum Layer-2 DEX Alien.Base, added that developers will find it easy to implement the features highlighted in the upgrade.
Ethereum Price Analysis — How is ETH Reacting to the Pectra Upgrade?
The Pectra upgrade has not really translated into much upward momentum for ETH.
At the time of writing, the ETH price is oscillating between $1904–$1906 and has a market cap of over $230 billion
ETH’s weak reaction to the upgrade is no surprise, considering investors’ growing caution amid macroeconomic issues such as US-China trade disputes and sticky inflation.
The Fed’s decision not to cut interest rates didn’t help matters either.
It is therefore not without reason that the world’s second-biggest crypto has been experiencing sideways movements over the past couple of days.
However, in spite of the market-wide uncertainty, investor sentiment for ETH isn’t looking too bad. In fact, sentiment indicators on CoinmarketCap indicate that 80% of the community has gone bullish around the token. If the pattern continues to hold, the ETH price could make a move up.
Technical indicators further support a major breakout for the token in the coming days, with the candle chart showing the formation of a bullish pattern on the daily timeframe. However, whether the increase will be parabolic will largely depend on the broader market outlook.
Ethereum Price Forecast for May — Can ETH Push Toward the $2.2k Mark Once Again?
ETH has underperformed the broader market since the start of the year, partly due to the increasing popularity of competing blockchains among traders.
While the network’s leadership in security remains indisputable, its shortcomings—particularly when it comes to DApp interoperability—have led many to consider alternative blockchains like Solana and BNB Chain.
Solana, for instance, continues to surpass Ethereum in multiple on-chain metrics including transaction volume, active addresses, and DEX activity, suggesting that the latter’s path to dominance is no longer guaranteed.
This setback has been one of the major factors keeping ETH’s price suppressed over the past few months.
But does the new upgrade address this challenge? No—and this could be a key reason why the hard fork didn’t really trigger much bullish momentum for ETH.
Regardless, experts still believe ETH could defy odds and experience decent pumps in the coming weeks, highlighting several bullish patterns including the multi-year ascending channel and weekly ascending triangle.
Sunny Mining, a prominent analyst, believes a recovery above $2,200 is not completely out of sight for ETH in May. However, this may only be achievable if the Pectra upgrade eventually leads to a surge in Ethereum network activity.
Long-Term Price Forecast for ETH
In the long term, ETH is considered as a potential catalyst for the next altcoin season, considering its integral role in the broader crypto ecosystem. After all, it is among the high-cap cryptos added to Donald Trump’s strategic reserve plan.
This development, alongside other factors like right market conditions and consistent network upgrades, including the upcoming Fusaka hard fork, could have a long-term effect on ETH’s long-term performance, catapulting it to new highs.
Best Wallet — Best Place to Buy ETH for Short & Long-Term Returns
For short and long-term investors looking to securely buy and store ETH ahead of the next bull run, Best Wallet has emerged as a standout hub.
More than just another traditional crypto wallet, Best Wallet presents a feature-rich ecosystem that continues to innovate, offering interconnected tools that make crypto storage and trading easier than ever before.
Beyond buying and storing assets, Best Wallet has also integrated a range of staking pools, allowing users to earn passive income on their holdings. Security is also a key focus for the Web3 wallet, which is why it has integrated Fireblocks, a third-party insurance company to protect all assets.
Fireblocks not only strengthen the security architecture of Best Wallet but also eradicate the need for passphrases in accessing the wallet.
More so, being a self-custody, no-KYC wallet, users maintain full control over their assets without sacrificing their personal data.
One of the most talked-about aspects of this Web3 wallet is the Upcoming Tokens tool, which exposes investors to high-potential pre-launch tokens.
While high-cap altcoins like ETH remain mired in short-term uncertainty, token sales present a more reliable avenue for investors to ride out the rampant market volatility and position themselves for outsized returns.
Not only does the “Upcoming Tokens” feature expose investors to these projects, but it also allows them to directly get in on the ground floor within the app. As such, whether users are looking to accumulate large-cap cryptos or explore high-growth early-moving opportunities, Best Wallet remains a solid choice.
The wallet’s support for multiple blockchains, including Bitcoin, Ethereum, Binance Smart Chain (BSC), and Polygon ensures there is more than enough cryptos to explore. Its integration with reliable on-ramp providers like MoonPay, on the other hand, makes it possible for everyone to buy their favorite assets via fiats—without leaving the app.
As the demand for truly decentralized ecosystems continues to surge, Best Wallet has established itself as one of the most trusted and widely used wallets in the space.
Besides its 50% MoM user growth, the platform’s rapid adoption is also evident in the way the BEST token sale has been picking up speed.
A utility-driven crypto powering the ecosystem, BEST will unlock exclusive perks such as higher APYs on staking, discounted trading fees, access to more pre-launch tokens, and governance rights, creating an incentive structure that rewards long-term participation.
According to experts, it is over $ 12 million that the best is the strongest crypto of this market cycle.
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