Ethereum’s Pectra Upgrade Boosts Prices Amid Market Shifts

Ethereum saw a significant price increase following its successful Pectra upgrade, resulting in ETH experiencing a weekly surge of over 30%. Other cryptocurrencies like Solana (SOL), Cardano (ADA), XRP, and Binance Coin (BNB) also recorded gains ranging from 2% to 6%. LVRG Research’s Nick Ruck believes this shift reflects traders’ optimism about the sector finding new opportunities for hedging against market volatility.