Ethereum Flat After Pectra Upgrade, But Analyst Foresees Overhaul ‘Tailwind’ That Could Take ETH Above $2,000
Posted On May 8, 2025
Ethereum’s (CRYPTO: ETH) widely anticipated Pectra upgrade failed to have an immediate impact, with the second-largest cryptocurrency barely moving after its activation Wednesday.
What happened: ETH was up 0.96%, while trading volume rose scarcely by 0.52% over the last 24 hours.
According to IntoTheBlock, daily active addresses decreased by 0.25% in the last 24 hours, indicating a lukewarm response to the upgrade that brings significant changes to the Ethereum ecosystem.
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However, in a …
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