While Bitcoin (BTC) gradually heading towards a brand of $ 100,000, the second largest encrypted currency, ETHEREUM (ETH), proves its association. according to CoinmarketcapThe cryptocurrency broke the decisive support at $ 2000 with a rise of 13.24 %.
The height comes after ETHEREUM is successfully published by Pectra, which is expected to make Ethereum faster, cheaper and easier to use while maintaining the safety of the network and decentralization that users trust.
According to experts, this penetration is mainly fed by ETF institutional flows and heavy accumulation by whales.
ETH has surpassed most of the other ten currencies in terms of percentage over the past 24 hours, and only the second to Dogecoin and Cardano. The 2000 dollar sign is a large level of resistance to ETH, which has been tested several times Without a continuous outbreak.
According to some experts, the daily closure can lead above 2000 dollars to a continuation of a bullish continuation. This style can open a room for additional gains about $ 2,150 and $ 2,300.
If it is rejected again, ETH can back to support at a price of about 1850 dollars, as the purchase pressure appeared in advance.
What is the Pectra upgrade from Ethereum?
Pectra is the new upgrade on Ethereum. It aims to make Ethereum faster, reasonable and easier to use. It is a mixture of the two main two. It merges the Prague implementation layer and the Electra consensus layer into one repair. It provides 11 proposals to improve ETHEREUM (EIPS).
After more than a year and a half of development, the update began officially on May 7, 2025.
Why does the encryption market rise?
The encryption market witnessed a strong rise on Thursday, with Bitcoin exceeding $ 100,000, and the total number of the market reached $ 3 trillion. The jump came after US President Donald Trump announced a “major commercial deal” with a higher country on the social truth platform.
The news strengthened confidence in the global markets, especially in Asia, where the shares were also traded. Amid a war -like situation between India and Pakistan, the Asian stock market collapses greatly. However, the coded currency market
Investors considered this a sign that commercial tensions might relieve, which helps the economy. The positive feeling of encryption was spilled, which helped the sector.
Many merchants who bet on the market (called short positions) have been forced to go out, causing $ 291 million to liquidate.
Also read: Trump collides with the judicial system: Does the court hinder the high encryption?
