Will the ETH price recover post -launch after?

Ethereum launch the largest update to its programs so far, which is called Pectra, where the network is struggling to meet early promises and retreat of frustrated users and developers.

Blockchain, which is seen as the future of a new financial system, is now dealing with the increasing competition and low prices, according to Bloomberg report.

ETHEREUM PECTRA upgrade effect on ETH

The update is scheduled to limit on May 7 and aims to improve how people ethereum use it by making it easier to use. Some of the changes listed are smoother, more intelligent, and cheaper storage. These are small but useful improvements that make the network easier to use and safer.

According to Eden Chen, co -founder of Parataxix Capital, “it is a welcome upgrade to programs that improve the efficiency and network network, but it is unlikely to pay the price of ETHEREUM to the highest useful.”

As of writing the ETH price is circulated at $ 1769, just a decrease of 2 % registered today. However, the price decreased by more than 40 % this year. However, although no noise around ETH before the upcoming upgrade, analysts are still optimistic.

The encryption analysts expect that the ETHEREUM price will recover to the level of 2000 dollars if the critical resistance area exceeds $ 1,800. Meanwhn Van De Poppe explained the reason behind today’s decline, which is linked according to the FOMC meeting on May 7, 2025.

In a post on X, he wrote, “Gold continues at the height of before FOMC. For this reason, $ ETCOINS continues to decline.” This indicates that the possible effect of the upcoming Pectra upgrade is still not used.

Meanwhile, Bitcoin remained, in comparison, often flat and the upper cryptocurrency remains in a wide margin. Solana, another competitor, decreased, but not as much.

What is new for the Atheer network?

Pectra got her name from Prague and Ikra, a star in the Taurus constellation. It brings the most proposed changes in any ETHEREUM upgrade so far. One of the big changes helps reduce traffic on the network by updating how Stokeing works, which may lead to running more people to support the system.

“They are small things like those that must be addressed. By converting a portfolio into a smart contract, it opens many really wonderful things,” said Vivek Raman, co -founder of Etherealize.

With Pectra, users can do things like Swap tokens with less clicks and even signing transactions using Apple’s face identifier instead of saving long passwords. This makes Web3 applications look like the regular applications that people already use.

The update also gives ethereum sister networks, called Layer 2S, is the double storage. This makes these systems faster and help Ethereum to compete with Blockchains faster like Solana.

Also read: Coinbase to stop ETHEREUM transactions while upgrading Pectra