Bitcoin has experienced a 3% gain after a better-than-expected US inflation report, while Ethereum has lagged behind with a gain of only 0.5%. The successful implementation of Ethereum's Petra upgrade has the potential to strengthen the fundamentals of the second-largest blockchain. Tracy Jin, the vice president of crypto exchange MEXC, believes that if the upgrade resolves network and transaction issues, it could drive demand for Ethereum and potentially push its price to $6,000-7,000 this year. However, Jin warns that there is a high probability of increased volatility for Ethereum in the next 3-6 months. Additionally, institutional investors continue to pull back from cryptocurrencies, but the stabilization of Bitcoin and Ethereum at key support levels is seen as encouraging.



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