{"id":25993,"date":"2025-05-09T12:01:44","date_gmt":"2025-05-09T12:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25993"},"modified":"2025-05-09T12:01:44","modified_gmt":"2025-05-09T12:01:44","slug":"ethereum-explodes-25-higher-to-2400-notches-largest-1-day-gain-in-4-years","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25993","title":{"rendered":"Ethereum Explodes 25% Higher To $2,400, Notches Largest 1-Day Gain In 4 Years"},"content":{"rendered":"<div>\n<p><strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>), the world\u2019s second-largest cryptocurrency by market capitalization, has soared 20% within 24 hours following the successful deployment of its <a href=\"https:\/\/www.benzinga.com\/content\/45294226\/ethereum-price-surges-after-pectra-upgrade-bulls-now-eye-10-000-target\">Pectra upgrade on May 7<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>This surge, the largest single-day gain for ETH in four years, has reignited optimism among investors and developers, positioning Ethereum for a potential price breakout.<\/p>\n<p>The Pectra upgrade, described as the most significant overhaul since the 2022 Merge, introduces a suite of improvements aimed at enhancing scalability, user experience and staking efficiency.<\/p>\n<p>As the crypto community buzzes with excitement, analysts are dissecting whether this milestone could propel ETH past the $2,000 mark for the first time since March 2025.<\/p>\n<p>Speaking with Benzinga, <strong>Peter Chung<\/strong>\u00a0of\u00a0<strong>Presto Labs<\/strong> said despite the price move, as the macro worries continue to subside on the back of the positive tariff-related headlines, investors are willing to move further up on the risk curve to higher beta asset beyond Bitcoin, especially given alts huge underperformance so far.<\/p>\n<p>Moreover, he added that the series of announcement last night on tokenization, like <strong>Robinhood<\/strong>\u2018s (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/HOOD#NASDAQ\">HOOD<\/a>) putting U.S. stocks on blockchain, <strong>Supperstate <\/strong>launching \u2018Open Bell\u2019, bode well for Ethereum, which is the most popular based layer for the tokenization.<\/p>\n<p><strong>The Pectra Upgrade: A Game-Changer For Ethereum<\/strong><\/p>\n<p>Activated on May 7, 2025, at 10:05 AM UTC, the Pectra upgrade represents Ethereum&#8217;s 16th major network update since its inception in 2015. <\/p>\n<p>Combining the Prague execution layer and Electra consensus layer upgrades, Pectra integrates 11 Ethereum Improvement Proposals (EIPs), making it the largest hard fork in the blockchain&#8217;s history. <\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ethereum-eth-sees-major-uptick-as-pectra-upgrade-goes-live\/\">According<\/a> to <strong>Tim Beiko<\/strong>, who oversees Ethereum&#8217;s core protocol meetings, Pectra is second only to the Merge in its transformative potential, redefining staking economics and validator efficiency across the ecosystem.<\/p>\n<p>Among the standout features is EIP-7702, which introduces account abstraction, allowing externally owned accounts (EOAs) to function like &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45314930\/ethereum-explodes-higher-largest-gain-in-four-years\" alt=\"Ethereum\" explodes higher to notches largest gain in years>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (CRYPTO: ETH), the world\u2019s second-largest cryptocurrency by market capitalization, has soared 20% within 24 hours following the successful deployment of its Pectra upgrade on May 7. What Happened: This surge, the largest single-day gain for ETH in four years, has reignited optimism among investors and developers, positioning Ethereum for a potential price breakout. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25993","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25993"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25993\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}