Ethereum Surges Past $2,100 Following Major Network Upgrade

Ethereum’s Ether (ETH) recently surged over 20% to reach a new all-time high above $2,100. This rise aligns with the broader crypto market recovery after renewed investor confidence in recent days. The surge coincides with Ethereum’s launch of its highly anticipated Pectra upgrade – its most significant update since 2022. The upgrade introduces substantial changes, including a significantly increased staking ceiling (from 32 ETH to 2,048 ETH) and improved wallet usability via account abstraction methods. This update was implemented through nine Ethereum Improvement Proposals, introducing crucial technical modifications to the network.