Ethereum Price Jumps 20%, Driven by Pectra Upgrade

Ethereum surged upwards by 20% following the implementation of the Pectra upgrade, marking its largest single-day gain since 2021. This significant boost comes as a result of improved staking efficiency, validator operations, and enhanced Layer 2 scalability. The cryptocurrency’s price soared above $2,200 on Thursday following the deployment of the Pectra upgrade. This follows Bitcoin breaking past the $100,000 mark for the first time in three months.