Ethereum Pectra upgrade adds new features — How long before ETH price reacts?

Quick Summary:

Key takeaways:Reclaiming the $2,200 level remains the first price challenge for ETH. ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity. Ethereum successfully implemented a key network upgrade on May 7, but Ether (ETH) price and its derivatives metrics showed little response to the upgrade.

In fact, ETH underperformed the broader cryptocurrency market capitalization by 28% in the first three months of 2025. The lackluster price impact following the Pectra upgrade reflects broader dissatisfaction, as competing blockchains have gained traction.

More significantly, this indicator was unchanged at 3% after the Pectra upgrade, suggesting traders did not adjust their positions despite the upgrade’s successful deployment. The subdued response can be partly explained by investors’ focus on macroeconomic issues, as recession risks arise amid uncertainty in global trade disputes.

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Article Details

Author / Journalist: Cointelegraph by Marcel Pechman

Category: Crypto

Markets: United States

Topics: Ethereum Upgrade Ether Price Fees Pectra Ethereum’s Network Million Solana Level

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 21:20:38 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 630 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28478967

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Official Website: cointelegraph.com

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