Ethereum Price Stalls After Pectra Upgrade: Will ETH Reclaim $2,200?

Ethereum’s much-anticipated Pectra upgrade went live on May 7th, bringing new features designed to enhance staking, user experience, and transaction efficiency. Despite this landmark achievement, the Ether (ETH) price remains subdued, hovering around $1,812 as of writing – significantly below its March peak of $2,200. This muted market response has raised concerns among investors and analysts about Ethereum’s short-term price trajectory. Macroeconomic risks and competition from rival blockchains are weighing on investor sentiment.