Despite being in a bullish market, ETH has struggled with price performance since late 2024. The upcoming Pectra upgrade could change this, as enhanced efficiency aims to attract more users and boost demand.
The Pectra upgrade introduces crucial improvements like EIP-7702, allowing wallet accounts to temporarily function as smart contracts, which could make ETH more appealing to a broader audience.
With the current trading price at 1,813 USD and a substantial decrease in burn rate, the changes anticipated from the Pectra upgrade could lead to renewed institutional interest and a potential shift in ETH’s market trajectory.
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