Ethereum Pectra Upgrade Sparks 30% Price Surge: Institutional Interest Fuels Market Rally

Ethereum’s latest upgrade, the ‘Pectra’ protocol change, has sent shockwaves through the market, driving a significant price surge of over 30%. This surge in price is attributed to increased trading volume and the influx of institutional investment. The Pectra upgrade, which enhances network security and scalability, has also sparked interest from traditional finance sectors, leading to a noticeable ripple effect across other major altcoins such as Solana (SOL), Cardano (ADA), XRP, and Binance Coin (BNB). 30% price increase in ETH within just a week signifies the strong investor confidence in Ethereum’s future after this pivotal upgrade.