Ethereum Pectra upgrade adds new features — How long before ETH price reacts?
Ethereum implemented a significant network upgrade on May 7, but the price of Ether (ETH) and related metrics showed minimal reaction, surprising traders. The ETH futures premium remained below the 5% neutral threshold, indicating low interest from leveraged investors. This subdued response is attributed to macroeconomic concerns and a prior trend of underperformance against the broader cryptocurrency market. Competing blockchains have gained traction, with Solana leading in decentralized exchanges and user experience. Ethereum's total value locked (TVL) is $53.7 billion, but low network fees have provided little benefit to ETH holders. Challenges in DApp interoperability persist, hindering ETH's price recovery. For ETH to rise 22% to $2,200, investors need assurance of network improvements translating into tangible benefits and increased demand for ETH.
