The Ethereum price remains under severe pressure with the high demand from investors and developers. ETH Coin was traded at $ 1,800 on Tuesday morning as merchants waited for the important Pectra. This article explores whether the currency will jump or resume the declining direction this year.
Ethereum Pectra upgrade here
Ethereum will be the upper encrypted currency that must be seen on Tuesday as developers activate the bacterial upgrade that was closely monitored and a solid fork.
Pectra is the most important upgrade since Dencun’s upgrade because it will combine Prague and Electra. Prague is the implementation layer, while Electra is the network of consensus of the network.
PECTRA will enhance the expansion of ETHEREUM by increasing productivity and reducing Rollups Layer 2.
Pectra’s higher proposals increase the maximum effective balance of auditors’ proposals from 32 T 2,048. This audited increase will allow the participation of any amount ranging between 32 and 2048 ETH under one auditor.
An upgraded accounting of the externally owned account will be able to work as smart contracts during transactions temporarily. Also, the Blob productivity increases from the target point from 3 to 6 and the maximum from 6 to 9.
Other proposals that will be implemented on Pectra are the implementation layer that caused the exit exit deposit deposits ONSAIN supply, increased CALLDATA, and curve processes.
ETH network is struggling
The Pectra upgrade comes at a time when the ETHEREUM network is struggling with the height of competition.
A good example of this is in the decentralized drainage industry, where Layer-2 networks take the market share.
Ethereum protocols dealt with $ 54 billion in the last 30 days. On the other hand, Unichain, a network recently launched by UISWAP, dealt with more than $ 4.2 billion in the same period.
Base, owned by Coinbase, dealt with more than $ 20 billion, while the introductory transactions of $ 13 billion. These transactions had gone to Ethereum.
Ethereum also sees more competition from Layer-1 networks such as Tron, Solana, Bnb Smart Chain and SUI. These competitors have become common due to rapid transaction speeds and low costs.
All this explains the reason that Ethereum did not make money as it was in the past. Tokenerminal The data indicates that Ethereum has achieved about $ 250 million of fees this year, which is much lower than other chains such as Solana and TON.
Ethereum etfs also do not see enough investor demand. Their weekly flows last week amounted to $ 106 million, an increase of $ 157 million in the previous week. On the other hand, Bitcoin boxes have had approximately $ 5 billion in flows in the past three weeks.
Read more: prediction at ETHEREUM price May 2025: $ 1,000 or jumping to 4 thousand dollars?
Ethereum prices analysis
The Daily Chart explains that the price of ETH was $ 1,412 in April and then wore to 1800 dollars today. This recovery occurred after the currency formed a falling spoil style, a popular reversal sign.
The currency moved over the upper side of the falling spoiler style. He also jumped over the 50 -day SIA moving average (EMA).
However, the challenge is that it stopped at $ 1,800 while its size and financing decreased. Also, it failed to gather above the main resistance level at $ 2000. It remains less than the main point at $ 2,125, which is the neckline of the highest giant dates at $ 4,078.
Therefore, there is a risk that the price of ETH will resume the declining trend in the coming weeks as long as it remains less than $ 2,125. This price procedure may see a decrease to $ 1,000.
Read more: Ethereum price collapse: The main plans behind Eth Grownge
Post ethereum prediction: Will ETH be wasted after Pectra? First appeared on Invezz
