"Ethereum surges 8% after 'Pectra' upgrade... Impact of staking structure overhaul"

Minseung Kang

Summary

Ethereum has been reported to surge in price after the recent Pectra upgrade, which significantly expanded the maximum staking limit per validator.
As of the 8th, Ethereum is trading at $1968 on the Binance USDT market, up 8.02% from the previous day.
Experts have evaluated that Ethereum is undervalued compared to Bitcoin, and there is a possibility of a price rebound if demand recovers.

Ethereum (ETH) has been analyzed to continue its price surge following the application of the Pectra upgrade.

On the 8th, the cryptocurrency-focused media outlet CoinJournal reported, "Ethereum surged following the Pectra upgrade conducted on the 7th, surpassing $1900." On this day, based on the Binance USDT market, Ethereum is trading at $1968, up 8.02% from the previous day.

Recently, Ethereum has significantly expanded the maximum staking limit per validator through the Pectra update. It is now possible to stake up to 2048 ETH in a single account. The media outlet evaluated, "(With large-scale staking) the need to configure multiple nodes has disappeared," adding, "This is creating a structure that can induce institutional participation and optimize compound rewards."

Meanwhile, there is also a forecast that the ETH price trend, which had been sluggish for five consecutive months, could rebound. On this day, the cryptocurrency analysis platform CryptoQuant analyzed, "Ethereum is currently in an extremely undervalued section compared to Bitcoin, and there is a possibility of a price rebound if demand recovers."

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