Ethereum’s price holding above $2,500 on Friday paints a picture of a strong recovery in the overall crypto market. The second largest digital asset has now surged almost 100% since hitting its low in early April. This fantastic reversal has excited short-sellers and investors alike. The rally comes on the heels of the launch of the ETH Pectra upgrade. This improvement has gained the most spotlight for obvious reasons—it’s led to universal adoption.
It’s lead to more than 11,000 authorizations for EIP-7702 in one week alone! This remarkable adoption is a testament to the increasing demand for Ethereum’s improved capabilities from both wallets and decentralized applications (dApps). The upgrade focuses on improving the functionality and efficiency of the Ethereum network. It helps the platform become more valuable and enticing to developers and users.
Investor sentiment seems bullish with Ethereum still riding its momentum. After the second big price jump, many observers wondered if there was more upside to come in the subsequent weeks. The healthy adoption rates of the Pectra upgrade suggest that Ethereum’s ecosystem is thriving, attracting new users and retaining existing ones.
“Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market.” – source not specified
In comparison, Ethereum’s market price has seen more stability, remaining above $2,500 in market price. Our analysts have their eyes on the Pectra upgrade and the surrounding market implications. The EIP-7702 authorization uptick is solid proof of support for Ethereum’s newest features and developments.