Ethereum made a big leap, these are the two main reasons
Good news is constantly coming from the Crypto Market. On the one hand, while Bitcoin has attained the status of the 5th largest asset in the world by touching the level of $103,819.98, on the other hand, Ethereum has also made a big leap. The rise in these two important currencies of the Crypto Market is an indication that investors' confidence in Digital Assets is increasing.
Change in Ethereum Price
It is believed that the Pectra Upgrade has breathed new life into the Ethereum network. Before Pectra activation, the price of ETH was around $1,900, but after the upgrade, its price reached $2,410.88 on May 10 at 4.17 pm. This is considered to be a big leap for Ethereum. Know what is Ethereum and who is its founder?
What will change after Pectra Upgrade
Merging the Pectra upgrade is a major technical achievement for the Ethereum network. After this upgrade, the staking efficiency, validator processes and Layer 2 scalability of the Ethereum Network will improve, making the network faster, safer and more affordable than before. On the other hand, Ethereum has now become more friendly to developers than before and this will now open the way for new Decentralized Finance (DeFi apps).
Brazil's Stock Exchange B3 also gave a booster dose
Apart from the Pectra upgrade, Ethereum has also got a booster dose from the Brazilian Stock Exchange B3, which has announced the launch of Ethereum and Solana futures from June 16, 2025. It is being described as a big gift for crypto investors as they can be settled in US dollars. This decision has been taken after the approval of the Brazilian Security Regulator. Due to this also Ethereum has gained momentum.