Ethereum Soars, Pushing Crypto Markets Higher with Pectra Update

Ethereum’s price soared by up to 20% today, taking the lead in the cryptocurrency market and breaking past $2,000 for the first time. This rise is attributed to a bullish market atmosphere fueled by Bitcoin’s climb above $100,000 and Ethereum’s Pectra update. This major network upgrade has seen increased transaction volume and total value locked (TVL), bolstering investor confidence. 20% growth shows the impact of the Pectra update.