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Upgrading Ethereum Pectra adds new features – how long before ETH prices respond?


Key Takeaways:

  • The reclaiming of the $ 2,200 level remains the first price challenge for ETH.

  • ETH prices can be recovered if PECTRA upgrading leads to a flow to the DAPP and Ethereum network activity.

Ethereum successfully implemented a major network upgrade on May 7, but Ether (Eth) The price and the scale of the derivatives showed a slight response to the upgrade. The pointless response was that the entrepreneurs were shocked and led by the analysts if ETH still had a real chance to climb to 22% to get the level of $ 2,200.

Ether 30-day futures annual premium. Source: Laevitas.CH

The Eth Futures premium remained below the 5% neutral threshold, indicating a lack of appetite from the leveraged bulls. More significant, this indicator does not change to 3% after PECTRA UPGRADEsuggesting entrepreneurs did not adjust their positions despite successful upgrading expansion.

The covered response may be slightly explained by the focus of investors on macroeconomic issues, as retractable risks have emerged in the midst of uncertainty in global trade disputes. But the lack of interest of Ether entrepreneurs has predicted a recent worsening of dangerous risk conditions. In fact, ETH’s underperform is a broader capitalization of the cryptocurrency market of 28% in the first three months of 2025.

The impact of the priceless price following PECTRA upgrading reflects the wider unpleasant, as competing blockchains get traction.

Solana monthly active address compared to layer-1 competitors. Source: token terminal

Historically, high fees on the Ethereum base layer may have limited network activity, but these costs have dropped below $ 1 since mid -February. In addition, the Ethereum lead Layer-2 solution.

Ethereum lags in DAPP Interoperability – will the price of eth be hurt?

Solana led the decentralized exchange sector, especially with the launch of the token, by offering a joint user experience. Similarly, hyperliquid exceeds expectations of eternal trade, showing that the main focus of entrepreneurs is not required in Ethereum’s decentralization and security. Meanwhile, the Tron has made significant entry into the Stablecoin market.

Blockchains and Dapps 30-day fees, USD. Source: Defillma

Ethereum’s leadership of the total amount locked (TVL) remains undoubtedly at $ 53.7 billion. However, it provided a bit of benefit to ETH holders, as the network fees were relatively less than $ 19 million in the last 30 days, according to Defillama. For the comparison, Tron gathered $ 51.8 million in fees at the same time, while Solana accumulated $ 39.4 million.

Source: X/maybenoam

Noam Hurwitz, head of Engineering at Alchemy, noted that Ethereum Blob fees have dropped to their lowest possible levels since the Pectra upgraded. For Hurwitz, Ether’s success depends on the base layer ScalabilityIncludes further improvements in the rollup mechanism, and ultimately, a more seamless user experience.

Related: The average chartered predicts BNB is more than double in 2025

Bridging and data assets throughout the Ethereum’s Layer-2 ecosystem have long been a challenge, while users in Solana and BNB chains have easily moved between many decentralized applications (DAPPS). Pectra upgrading, while one step in the right direction, will not solve this issue, explaining why ETH has not earned the $ 2,200 level seen in early March.

For Ether prices to climb 22% from the current level of $ 1,810, investors are likely to need network development, through deposits or layer-2 growth, translates into clear benefits. Ultimately, improved staking yields or stronger incentives are required to drive a broader adoption of DAPPs, which will develop an increase in demand for ETH within the ecosystem.

This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.