The post Why Is Ethereum Price Going Up Today? appeared first on Coinpedia Fintech News The crypto market is surging today with the majority of the coins gaining up to 20%. The rise in prices is linked to various factors like Bitcoin’s rise above $100,000 and Ethereum’s recent Pectra upgrade among others. Ethereum led the surge with a 20% surge, while XRP, Solana, Dogecoin, and Cardano are all following with 5-7% gains. Ethereum Hits $2000 Ethereum saw its biggest gain since 2021 as it crossed the $2,000 mark. This rise follows Ethereum’s Pectra upgrade , which went live yesterday. The Pectra Upgrade is its biggest since the 2022 Merge, which has brought some major changes. It has increased the staking limit, improved the wallet usability with smart contract features, and implemented nine other EIPs Ethereum’s on-chain metrics also look strong, as its total value locked rose to $57.9 billion, as per data from DefiLama . Its daily transactions also grew 22% over the last month. But a 95% drop in Ether’s fees shows that Ethereum’s rise to $3,000 might take longer than traders expect. Its network activity has been weaker since 2021, so a full recovery may still be far away. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : India-Pakistan Conflict Will Fuel Bitcoin Price, Says Russian Politician Anatoly Aksakov , Key Levels To Watch Analysts are predicting that Ethereum could surge up to $3,000 , with some even expecting it to hit as high as $3,500 in the future. Analyst Ali Martinez has pointed out that Ethereum’s big hurdle is at $2,380. It is struggling to break past this level, where it has faced tough resistance in the past. If it manages to break through that level, then it could spark a fresh rally. Source: Ali X Post Analyst Michaël van de Poppe noted that Ether’s recent jump above $2,100, a $300 increase in just one day, is a significant move. Expanding liquidity, the business cycle, and easing fiscal policies are acting as major tailwinds for the broader crypto market and Ethereum. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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Pectra is a major Ethereum upgrade that boosts staking limits, enhances wallets with smart contracts, and implements key EIPs. What will the price of Ethereum be in 2025? As per our ETH price prediction 2025, the ETH price could reach a maximum of $5,925. What will 1 ETH be worth in 2030? According to our ETH Price Prediction 2030, the ETH coin price could reach a maximum of $6,925 in 2025. ETH is expected to cross the $15,575 mark by 2030. How much would the price of Ethereum be in 2040? As per our Ethereum price prediction 2040, Ethereum could reach a maximum price of $123,678. How much will the ETH coin price be in 2050? By 2050, a single Ethereum price could go as high as $255,282.
