The Pectra 'hard fork' for Ethereum is set to introduce key updates in the first quarter of 2025. This update aims to enhance scalability, user experience, and security for Ethereum users and developers. It will be released in two phases, with the first phase including 19 fundamental Ethereum Improvement Proposals (EIPs), and the second phase planned for 2026. The Pectra update will introduce features such as sponsored transactions and account abstraction, and it is expected to improve network performance and efficiency. Analysts predict that if Ethereum successfully implements the Pectra update, the price of Ether could reach $12K by the end of 2025. Additionally, a regulatory-friendly environment under Trump's administration could further support Ethereum's growth. However, there is a bearish case scenario where the price of Ether could fall below $2K if spot ETH ETFs fail to attract institutional interest. Overall, the Pectra update is expected to bring significant changes and improve the Ethereum ecosystem.



Other News from Today