Ethereum (ETH) 
$3,042 Experts state that the Pectra upgrade, which will take place in 2025, could lead to a significant increase in the price of the digital asset. Guy Turner, owner of CoinBureau, stated that Ethereum has the potential to return to its all-time high.
Details of Pectra Upgrade
According to Binance, the Pectra upgrade, scheduled to take place in 2025, will be a two-stage hard fork that will increase Ethereum’s speed, scalability, and ease of use for users and developers. This update aims to improve the performance of Ethereum.
The Pectra upgrade will include the ability to pay Ethereum gas fees with any digital asset, increased rewards for larger validators, and improvements to the Ethereum Virtual Machine (EVM) that runs smart contracts.
“Pectra and the updates that will follow are an optimistic sign for ETH — these improvements could be catalysts to help ETH return to its all-time high.” – Guy Turner
Guy Turner stated that this update will bring the catalyst that Ethereum has been waiting for for a long time and could lead to a price increase as the improvements attract institutional investors. ETH is currently trading at $2,902, which would represent a 68 percent increase if it rebounds to its all-time high of around $4,900.
Interest of Institutional Investors
Ethereum’s current price increase and future upside potential create a remarkable opportunity for investors. The Pectra upgrade could increase demand by making the network more efficient and user-friendly.
This possible increase in Ethereum’s performance could bring about general optimism in the crypto market. If the upgrade is successfully implemented, the Ethereum ecosystem can become stronger and more flexible.
ETH’s potential return to an all-time high with the Pectra update in 2025 could be an important turning point for crypto investors. The positive effects of the update on the network could increase the value of Ethereum and attract a wider audience of investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
