Ethereum Eyes $3K Surge Pectra upgrade boosts network activity and price momentum.
Ethereum Eyes $3K Surge as Ethereum (ETH) is showing strong bullish momentum following the successful implementation of the Pectra upgrade on May 7, 2025. This significant network enhancement has revitalized investor confidence, with ETH prices aiming for the $3,000 threshold.CoinDesk+2FXEmpire+2Ledger+2
Network Activity on the Rise
Post-upgrade, Ethereum’s Total Value Locked (TVL) has surged by 41%, reaching $52.8 billion. Daily transactions have also increased by 22%, totaling 1.34 million, indicating heightened network engagement .Cointelegraph+2Reddit+2The Crypto Times+2The Crypto Times+1Reddit+1
Technical Indicators Signal Bullish Trend
Technical analysis reveals ETH has broken above its six-month descending trendline, a move that often precedes significant price rallies. Analysts suggest that surpassing resistance levels between $2,100 and $2,800 could pave the way for ETH to reach $3,000 in the near term .
Eth TVL and transaction count. Source: Defilama
Pectra Upgrade Enhances User Experience
The Pectra upgrade introduces EIP-7702, allowing Externally Owned Accounts (EOAs) to temporarily function as smart contract accounts. This advancement enables features like gas fee sponsorship and transaction batching, improving the overall user experience .Consensys+5Ledger+5Circle+5Consensys+2Ledger+2Ledger+2
Additionally, the upgrade increases the maximum stake for validators from 32 ETH to 2,048 ETH, streamlining staking operations and enhancing network efficiency .CoinDesk
Market Outlook
While Ethereum’s fundamentals are strengthening, some caution that reduced transaction fees could slow the pace of ETH’s ascent to $3,000. Nonetheless, the current trajectory suggests a positive outlook for Ethereum’s price in the coming weeks.CoinDesk
For more insights on Ethereum’s developments, visit the Consensys Pectra Upgrade Overview.
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
