Ethereum $1,908.08 The price is preparing for a long-term output in line with the on-achain data and the upcoming pectra upgrade. Analysts say that the price consolidation, which is considered as the symbol of the recent accumulation phase, is a harbinger of an important upward movement in the future.
Price consolidation and savings process
Since 2023, the price of Ethereum has been traveling horizontally and gradual asset accumulation has been observed in the market. According to expert opinions, investors are able to take their positions during the stability period, while the price is likely to rise in a sharp rise in the future.
Crypto Patel: After April, I expect that there may be a macro -level output in Ethereum.
Pectra upgrade
The planned Pectra upgrade will take place on April 30, 2025 and contain important innovations such as wallet improvements, increase in transaction efficiency and security improvements. This development is aimed to alleviate the load on the network and provide higher trading capacity.
Terence (Ethereum Core Developer): I can say that the upgrade is progressing as planned and that the next meeting will be commissioned unless it brings a different arrangement.
Great Investor Movements
Following the Pectra update, which has continued the process successfully in the test environment, it was observed that large investors made significant ETH transfer. It was stated that these movements pointed to positive expectations in the market and could create more interest.
Michaël Van de Poppe 2,150 dollars above the output rate, he added.
In addition, new features to be offered within the scope of upgrade include the possibility of paying different tokens. While such innovations are expected to improve Ethereum’s scalability and user experience, some corrections in the market are positive.
Analysts, in line with the view supported by technical data and cyclic structures, Ethereum can make a significant distance in the rise after the current consolidation process. This mobility in the market will continue to be closely monitored by investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
