Ethereum Price Forecast: $3,000 Next Target Following Pectra Upgrade?

With several triggers coming together to support a spectacular surge, Ethereum ETH/USD has soared above $2,200 and more than 20% in the last day. After a six-month decline, the second-largest cryptocurrency has recovered, and technical signs point to more upward potential toward $3,000.

 

The Way Pectra Upgrade Changes Ethereum’s Potential

The successful May 7 implementation of Ethereum’s Pectra update has been the primary driver of the current price rise. This is the biggest protocol change for Ethereum since the 2022 Merge.

According to Min Jung, a research analyst at Presto Research, “confidence in Ethereum has been restored by the recent Pectra upgrade.” “Considering that ETH/BTC has dropped by nearly 40% this year, it is not surprising that buyers are entering at these levels.”

Key improvements include improved scalability with a maximum of nine “blobs” per block, increased staking efficiency with rewards now available on up to 2,048 staked tokens, and a new deflationary mechanism as transaction fees are burned. The patch now enables transaction recipients to pay gas fees, resolving a persistent issue with the user experience.

The “World Ledger” Vision Emerges

Vitalik Buterin, a co-founder of Ethereum, recently articulated a more precise vision for the network, describing it as the “world ledger: the platform that stores civilization’s assets and records, the basis layer for finance, governance, high-value data authentication, and more.”

Compared to prior attempts to explain Ethereum’s value proposition, this condensed message is far superior.

Favorable Macroeconomic Events Encourage Ethereum’s Rally

President Trump’s announcement of a “full and comprehensive” trade agreement between the US and the UK coincides with the ascent of bitcoin. By reducing baseline rates to 10% and easing global trade tensions, the accord lessens the load on risk factors.

This outcome has bolstered broader market optimism, as Bitcoin topped $102,500 on Thursday and major stock indices increased by more than 1%.

Institutional Interest in ETH Growing

Evidence of increasing institutional participation can be found in on-chain data:

The total value locked in Ethereum has increased 41% to $52.8 billion in just 30 days.
The number of daily transactions has increased by 22% to 1.34 million.
Since April 24, exchange reserves have decreased by 323,000 ETH, indicating buildup.
The purchase of almost 50,000 ETH on major marketplaces by digital asset investment firm Abraxas Capital is one of the noteworthy institutional activities.

Technical Outlook for ETH/USD Indicates $3,000

Ethereum’s price chart reveals a significant technical advance:

ETH has surged over its trendline of decline for the past six months.
At the moment, ETH/USD is trading above its 50-day simple moving average ($1,775) as well as its point of control ($1,850).
The Relative Strength Index is showing strong positive momentum, rising from 56 to 66.
The next major resistance level is the 100-day simple moving average at $2,101, followed by the $2,250–$2,330 range. If Ethereum removes these barriers, the psychological barrier of $3,000 becomes a realistic goal.

Ethereum Price Prediction

The majority of experts are still optimistic despite the substantial concerns, which include recent ETF outflows and a 95% year-to-date drop in daily transaction costs. The targets for the upcoming weeks are generally agreed to be between $2,500 and $3,000; if a downturn occurs, $2,150 provides crucial support.

The path to $3,000 appears more feasible as institutional involvement increases and on-chain regulations tighten, as Ethereum’s technology advancements and improved market positioning gain investor confidence.

 

 

 

 

 

 

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