Ethereum’s $786M Liquidation Risk: A Crucial Level for Traders to Watch

Ethereum has experienced a dramatic surge, surpassing Coca-Cola and Alibaba in market cap, reaching $308 billion this week. This significant rise is attributed to the Pectra upgrade, which introduces improved user experience and network scalability. 42% price increase followed its activation on May 7th after Ethereum transitioned to proof-of-stake. Key features include account abstraction for tokenized transactions, validator staking limits increased from 32 ETH to 2,048 ETH, and expanded data capacity per block for layer-2 networks like Arbitrum and Optimism. ]