ETH Price Prediction Today: The Pectra Upgrade Schedule Is Now Official – New ETH All-Time-High Coming Soon?
Ethereum’s highly anticipated Pectra upgrade is officially arranged, and the main network is expected to be activated on April 8, 2025, waiting for a successful test network. With the significant improvements brought by the network, it could lead to a solid price increase in ETH.
at the same time, plutochain A hybrid layer 2 platform could be brought to a platform that could activate new features in the Bitcoin ecosystem.
Let’s check all the details below.
Ethereum price forecast: Can the long-awaited Pectra upgrade bring new ATH to ETH?
Following the Testnet deployment of Holesky (February 24) and Sepolia (March 5), Ethereum’s long-awaited Pectra upgrade will officially launch on April 8. Tim Beiko of the Ethereum Foundation confirmed the timeline in Ethereum’s latest core developer call.
One of the major improvements to Pectra is expanding BlobSpace from three blobs per block to six blobs, improving layer 2 scalability and reducing expenses. The upgrade also introduces execution layer optimization and enhances Ethereum’s deflation model by accelerating ETH combustion rates.
Although Pectra can positively affect the price of ETH, market sentiment remains cautious. ETH has been working hard to recover its $3,000 mark, with a recent trade of about $2,700.
However, chain metrics indicate that more and more adoption is expected. Defilama data shows that Ethereum’s total value lock-in (TVL) is the highest level since 2022, with the ETH ETF attracting a net inflow of $3.14 billion. With the recent SEC submissions from CBOE BZX to enable the accumulation of 21shares core Ethereum ETFs, the demand for ETH may increase in the coming months.
In a recent article on X, crypto angel investor VirtualBacon expressed confidence in Ethereum’s upcoming market dominance, urging followers not to miss out on opportunities. His forecast for ETH is $14,000.
Plutochain’s hybrid layer 2 technology can expand Bitcoin’s capabilities and solve key challenges
Plutochain is a new blockchain project that is developing a hybrid layer infrastructure that can enhance Bitcoin’s ecosystem by addressing some of its biggest limitations.
One of the long-standing challenges for Bitcoin is its slow trading speed due to the 10-minute interval. Plutochain’s 2-layer solution provides block time in just 2 seconds.
In addition, it can introduce smart contract capabilities to open the door to more advanced blockchain applications.
A feature that defines a feature plutochain It is an integration with Ethereum Virtual Machine (EVM) that may bridge the security of Bitcoin with Ethereum’s development environment. This cross-chain compatibility may enable Bitcoin native applications in decentralized finance (DEFI), NFTS and AI-driven tools.
Preliminary tests show high scalability, with plutochain’s TestNet processing more than 43,200 transactions per day. Another factor that can make plutochain stand out is its decentralized governance structure that allows the community to have more control over protocol decisions.
Security is also a major focus, and is reviewed by independent companies such as Quillaaudits and Assure Defi.
plutochain can help transition Bitcoin from store of value to more functional and versatile blockchain platforms without compromising its basic security.
Bottom line
The Ethereum Pectra upgrade will increase scalability, reduce costs, and enhance Ethereum’s deployment model, potentially driving adoption and price momentum.
But while Ethereum perfects its ecosystem, plutochain DC can extend Bitcoin’s utility beyond the storage range of value.
With Hybrid Layer 2 solution with EVM compatibility, Plutochain can trade and smart contract capabilities faster while retaining Bitcoin security.
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This article is not financial advice. Cryptocurrency and meme coins are volatile and risky. Do your own research before buying any cryptocurrency and meme coins. All forward-looking statements, including uncertainty, may not be re-examined.
