#ETH #Crypto Market Rebounds Ethereum (ETH) Pectra has experienced its largest pump since May 2021 after the update! Will the rally continue? Here are the details.

Ethereum Pectra update successfully activated, recording the largest daily profit since May 2021.
Ethereum (ETH ) on Thursday night (ET) broke through $2,200 with a 20% rise, achieving the largest daily gain since May 2021 after the long-awaited Pectra update was successfully activated.
Ethereum rose 20% after the Pectra update, marking the largest daily gain since 2021.
This rise occurred under the catalysis of technological and macroeconomic developments, along with the spreading optimism among investors and the "risk appetite" atmosphere that has revived in the cryptocurrency market.
Presto Research analyst Min Jung stated, "ETH has lagged behind BTC for most of the time and has finally narrowed the gap."
"The recent Pectra upgrade has helped restore some trust, and with ETH/BTC dropping nearly 40% to the 0.02 level since the beginning of the year, it is not surprising that buyers are stepping in at these levels," he said.
Pectra: The most important upgrade for Ethereum since the merge
The Pectra update, which was activated on Tuesday, represents the most significant technical advancement for Ethereum since the merge in 2022, transitioning the network to proof of stake.
Pectra has brought improvements in staking yield, validator management, and Layer 2 scalability. Analysts believe that these improvements could reduce congestion and enhance the network's usability. This is particularly important as Ethereum competes with faster blockchains in the DeFi and NFT spaces.
Nick Ruck, the director of LVRG Research, stated, "In addition to positive macroeconomic news, traders believe that the crypto industry has finally seized its second wind as a hedge against market uncertainty. As altcoins shake off negative trends and find buying pressure under renewed risk appetite, investors are changing their perception of cryptocurrencies."
Analysts attribute part of the market momentum to Treasury Secretary Scott Bessent ( SCOTT BESSENT ) expected to meet with Chinese officials in Switzerland for the resumption of US-China trade talks. These talks have led to an increased global market risk appetite, including for stocks and cryptocurrencies.
The resurgence of Ethereum may be a turning point for Bitcoin after several months of lackluster performance. With the collaboration with Pectra, the technological foundation has been strengthened, and the macro winds have changed, as traders closely monitor whether this signifies the beginning of a broader recovery for the myriad of coins.
This is not investment advice.