Ethereum Price Soars After Pectra Upgrade: Is Scalability Boosting ETH to $3K?

The Ethereum price experienced a significant surge following the launch of the Pectra upgrade, marking its largest one-day gain since 2021. The upgrade has breathed renewed confidence into investors, leading to increased demand for ETH and contributing to a broader rally in the cryptocurrency market. Experts attribute this increase to growing DeFi applications and institutional interest.