Altcoin giant Ethereum (ETH) $1,956.30Today, he made a leap of up to 20 percent by taking leadership in the crypto currency market. Bitcoin while the price exceeds the threshold of 2 thousand dollars with this leap 
$99,683.26climbing over 100 thousand dollars also affected the overall atmosphere positively. The introduction of Ethereum’s Pectra update reinforced the investor confidence. Increased transaction volume in the network and total locked value (TVL) were among the basic indicators that support the price rise.
Pectra update brought significant changes to the Ethereum network
Pectra updateThe first major update after The Merge in 2022, which is considered the biggest move of the Ethereum ecosystem. The update increased the ETH Stinging limit, offered smart contract features that facilitate the use of wallets and implemented nine different EIPs. Thanks to these changes, the attraction of the network has increased for both individual investors and corporate actors.
In parallel with innovations, the vitality in the defi ecosystem also stands out. Fashion show According to the data, the network of the network reached $ 57.9 billion and the number of daily transactions increased by 22 percent in the last month. On the other hand, the 95 percent decrease in transaction fees increased the cost effectiveness of the use of networks. The low transaction fees in the short term may accelerate the widespread acceptance of Ethereum.
The latest Ethereum predictions of analysts
Famous analyst Ali MartinezEthereum’un 2 thousand 380 dollars in the level of strong resistance stressed. Incraction of this threshold, which has created a challenging obstacle in the past, can initiate a new rally. According to Martinez, as the market liquidity increases and the global economic cycle returns in favor of the investor, Altcoin’s possibility of climbing higher price zones is strengthened.
Analyst Michaël van also poppe ETH’nin 2 thousand 100 dollars to pass quickly is an important signal, he said. The $ 300 increase in just one day reflects optimism throughout the crypto currency market. Both the increase in corporate interest and the relaxation steps of central banks can facilitate Ethereum’s travel to the $ 3,000 band.
Another element that supports Ethereum’s upward movement is Bitcoin’s powerful performance. The largest crypto currency over the $ 100,000 threshold, fueling the risk appetite in the market, positively affects Altcoins. When Pectra update and macroeconomic developments come together, it will not be surprising that more volatility and opportunity on the Ethereum side.
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.
