Ethereum (ETH) is preparing to upgrade its Pectra on May 7. The fork can bring more dynamics at an otherwise standing symbolic price.
The long -awaited Ethereum Pectra version update is coming on May 7, bringing changes in end -user experience, as well as the scale of the network. The update is expected at 364032 at a height of the block without any signs of arrival or earlier than planned.
The biggest change is the introduction of smart wallets, the increasing volume of stains and the extension of the contribution from 32 ETH to a maximum of 2,048 ETH.
Pectra lands in less than 24 hours – this is underestimated Ethereum Hardfork
1️⃣7702: All 0x wallets become a clever contact
2️⃣7691: volume of stains 2xs, from 3 → 6
3️⃣7251: Validers' stake can range from 32-2.048 ETH
They are more but the EIP7702 is a huge opening👇
– David Hoffman (@trustlessstate) May 6, 2025
The upgrade arrives at a time when ethereum blemishes see more use, burning between 84 and 100 ETH within 24 hours. The use of blob is currently a leading activity on Ethereum based on fees burns. The upgrade further reduces the cost of the L2 chains, while also increasing the activities of Ethereum's indigenous people.
The innovation is aimed at both large -scale holders and end -users with smart wallets, lots of transactions and smart sessions that are highlighted Pedro GomesWalleticonnect builder. The innovation opens the doors with the cheaper sponsored gas of personal smart wallets and Web3 services.
The upgrade causes temporary delays in ETH deposits and some services. Crypto.com supports the upgrade and closes deposits and withdrawals around the height of the given block to ensure network stability. The upgrade comes at a time when the active addresses of Ethereum have fallen as low as 326,000 in 24 hours, falling behind Solana and L2.
In the past, Pectra was already welcome in June, but the preparedness of the nodes was pushed earlier. Pectra is part of the efforts to make Ethereum more scalable and not depending on the L2 chains. The ultimate goal is to return the chain activity ethereum while maintaining the possibilities of L2 chains.
ETH drops before starting pectra
Pectra has been widely held in a potential trigger Eth. However, ETH has rarely accumulated after version updates and the news could not constantly cause the rally.
Just as Pectra was announced, ETH sank again under $ 1,800. ETH traded for $ 1770.13, with an open interest of less than $ 10 billion.
ETH is at a crossroads, a mixture of gathering and panic sales. The mark is considered risky for some other corrections, preventing traders from risking the amplified positions. Pectra update is one of the factors behind the most optimistic predictions EthTo.
The potential downside of ETH is also Defi's protocols, where loans start at a lower liquidation price of $ 1,400. The liquidation level defe has as low as $ 863, which provides a relatively low confidence ETH's ability to have a reliable price range.
The general sentiment of Ethereum means that Pectra may not be moved on the price of the price on the most bullish forecast. However, the upgrade is considered to be one of the potential factors that stops ETH's five -month slide.
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