Ethereum (ETH) experienced a significant price surge of over 18%, reaching new heights around the $2,200 mark following the implementation of the highly anticipated Pectra upgrade. This impressive rally is fueled by market optimism and investor confidence in the protocol’s improved efficiency and scalability. The upgrade marks Ethereum’s biggest update since the 2022 Merge, enhancing staking operations, validator performance, and overall scalability for Layer 2 solutions, thereby boosting ETH’s appeal. This surge aligns with a broader market sentiment, driven by positive macroeconomic news such as renewed U.S.-China trade discussions. Investors are now perceiving crypto as a potential hedge against global economic uncertainty.