Following the recent activation of the Pectra upgrade on May 7th, Ethereum prices have surged nearly 50%, reaching over $2,700. This impressive jump is driven by positive market sentiment related to US-China trade relations and increased institutional investment. The Pectra upgrade introduces several Ethereum Improvement Proposals (EIPs) aimed at enhancing staking efficiency, wallet usability, and layer-2 scalability, boosting the platform’s future prospects for user adoption and growth. Notably, institutional investors like UK-based Abraxas Capital have recently acquired a significant amount of ETH, contributing to a dramatic rise in market capitalization which now stands at around $325 billion. This places Ethereum ahead of major companies such as Coca-Cola and Alibaba.