Pectra went live – why didn’t she quite in the label?

Despite the successful application of Pectra upgrades, it is specially muted on the market because the ET price recorded only modest 5% UPTICK. What is holding up in Ethina?

Ethereum (El) Successfully implemented Pectra 7. May, and yet the reaction on the market was underlined. On the day of the upgrade, ETH opened $ 1,849 and closed to $ 1,811, a slight 2% drop in a slight. At the time of pressure, ET ETH trades of $ 1,936, marking only 5% profit from opening 7. May.

The subdued response can be partially attributed to macro oversubs – especially, insecure in global trade due to the current war tariff. However, Etherum’s Thenderformance Predetermine current market risks. In recent months, the ethene price was consistently behind the wide crypto market because Etherum continued to succeed other layer 1s in terms of customer growth.

From July 2023. until April 2025. years, Etherum’s Active Acreamaches, a key indicator network utility service and user growth, mostly ranged between 400,000 and 600,000. This stands in sharp contrast to competitors like a throne (Twitch), which rose over 2.5x active addresses and tons (Tons), at one point, clicked on 3,6k active addresses and has been exceeded by Etherum in terms of user activities since then.

However, Etherum continues to lead in the total value of locked, which currently sits at $ 52.6 billion. This suggests the trust of institutional players in Etherum security and long-term sustainability. But lower activation of activities signals reducing the demand of retail investors, which is often a key driver behind the bulls.

While Pectra upgrade Introduced significant upgrades – such as the removal fee and improved use of wallet – it is lacking to a key barrier for user growth: difficulty by bridging property and data in fragmented etiram Layer 2 Ecosystem.

As for the price of the price, investors are probably needed clear evidence of the growing adoption of the network in terms of customer growth, and not only TVL, which is already locked and bridging is crucial for what happens.