Business Desk 
May 08, 2025
Ethereum has released its largest update since the 2022 Merge, the much-awaited Ethereum Pectra upgrade.
The new upgrade targets enhancing the user experience and might provide the beleaguered $ETH token with a new boost toward a new bull run, say market analysts.
Ethereum Pectra upgrade
The Ethereum Pectra upgrade adds functionality to make Ethereum usage simpler and more secure. It allows smart wallets with the recovery feature and each day's withdrawal limits to lower the threat of hacking.
Moreover, the update also boosts blockchain speed and performance by doubling blob space for scaling solutions, which translates to quicker transactions on Ethereum's Layer 2 networks such as Arbitrum.
More significantly, how users interact with the Ethereum network has been altered.
The update makes it so that individuals can have several things accomplished through one transaction and even permits others to cover their gas fees for them, a giant leap in terms of usability.
Notably, the features are designed to make more users return to Ethereum, which has lagged behind Bitcoin and Solana over the last few years.
Crypto experts feel this might be the beginning of Ethereum's resurgence. One of the traders has forecast that ETH will go up to $12,000 by 2026.
Furthermore, others claim that smaller tokens within the Ethereum network, such as MIND of Pepe and Ethena's $ENA, may experience even greater increases as investor appetite comes back.
