The cryptocurrency market fell by 5.3% to about $ 2.99 trillions on the last day of trading. The traders are, however, bullish on what awaits us. For the owners of Ethereum, however, the bulls must show their hand in a more convincing way before they can fully engage.
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Ethereum Speezionce Despite Petra’s distribution on Setolia Testnet
From Daily graph, Eth is down almost 50% from its 2024 maxims, exchanging $ 2,100. This It is an improvement compared to the level of almost $ 2,000 seen at the end of February. Despite the current state of prices, the traders are confident that the possible activation of pectra in March 2025 could catalyze the demand.
According to reports, Petra was distributed to the Sepolia Testnet this week. This is a greater Passage since Pectra was launched for the first time on the Holesky testnet after delays caused by addresses of the incorrect deposit contract.
Sepolia has successfully updated to Pectra
(I hope not to do Jinx this time) pic.twitter.com/pptfwbhh2
– Terence (@trencechain) March 5, 2025
While currently on Sepolia, developers have identified minor problems, most of them relating to personalized deposit contracts, which in turn lift Concerns about client processing transactions at the execution level effectively. There are also problems with empty blocks.
It seems that Sepolia has some problems after pectra
Many empty blocks pic.twitter.com/0kdtybuvnn
– Emiliano Bonassi (@emilianoBonassi) March 5, 2025
With these persistent concerns, the developers are working to deal with all the problems before all the main developers call in the coming weeks.
Once pectra becomes live, Several improvements will be added to the mainnet. Some of these include improvements in the user’s experience, in particular for those who often engage with crypto wallets. Other greater PCTRA updates include the increase in the 32 ETH 32 ETH validating spicing To further increase the scalability of Layer-2.
All these updates are provided cement Ethereum as a platform of intelligent contracts, potentially overcoming competitors as Solana.
However, nobody knows Exactly How the ETH prices will react. If the action of the historical price following key forks is an indication, Eth’s owners may have to endure even more losses in the coming months.
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Et Eth Tank?
Intatheblock analysts note that every time Ethereum activates the key updates, the prices of theh tend to go down despite the initial hype before these changes are implemented.
When Ethereum activated the merger in 2022, passing the chain from a work test to a station tests, ETH prices Finished for the tank less than $ 1,000 by the end of the year.
About a year later, at the beginning of 2024, when DenCun went live, the Prices of the HP descended from $ 4,100 to $ 2,100 in August 2024. Like merger, DenCun was a fundamental update that significantly allowed Rollup Layer-2 platforms as a base and arbitrar to climb. By introducing Proto-Dankharding pursuant to IP-4844, the cost of Rollup decreased by 99%. Even after This successful implementation, ETH prices were sold out before recovering at the end of 2024.
Remains a be seen If PECTRA will become another “Sell ​​the news” Event, potentially forcing Eth below the critical support level to $ 2,000.
Ethereum remains a platform of main intelligent contracts and many analysts consider Eth one of the best coins to be purchased in 2025. This it is despite the existence of competitive platforms such as Solana, from which they have tens of thousands of meme coins launched.
In Peter Brandt’s Evaluation, Eth could shake off its current weaknesses and increase by over $ 4,100, possibly reaching up to $ 6,000 in the coming years. The key drivers will include institutional adoption and a recovery at the market level, especially if there is a follow-through and a cryptocurrency reserve is created in the United States in 2025.
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PECTRA Transitions to Sepolia Testnet
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Mainnet set for the end of the first quarter 2025 in early April 2025
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Do the prices of the hat challenge the historical trends and the increase after this update?
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Will the post-pectra live on testnet: but will Ethereum follow the historical trends of the post-hard fork? He appeared first out of 99bitcoin.