Altcoins News
By Evie Vavasseur
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Ethereum has staged a dramatic comeback, surging past the $2,000 mark following the successful rollout of its long-awaited Pectra upgrade.
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The Pectra upgrade is the most significant technical update to Ethereum since the Merge in 2022, which transitioned the network to a proof-of-stake consensus model.
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The market’s response was swift and emphatic. Ethereum’s price soared to approximately $2,237, outpacing other top cryptocurrencies like XRP, Solana, Dogecoin, and Cardano, all…
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Supporting this momentum is a noticeable improvement in Ethereum’s on-chain metrics. According to DefiLlama, the total value locked in Ethereum-based decentralized finance…
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Interestingly, despite the rise in network usage, Ethereum transaction fees have dropped by 95%.
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As Ethereum climbs higher, all eyes are now on its next resistance level. Market analyst Ali Martinez has identified $2,380 as a crucial hurdle.
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Echoing this sentiment, crypto trader Michaël van de Poppe described Ethereum’s $300 daily jump as a major turning point.
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Still, caution remains in the air. Despite the excitement, Ethereum is not without its challenges.
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Nonetheless, with the Pectra upgrade now live and Ethereum showing renewed strength across both price action and network fundamentals, the stage appears set for continued growth.
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