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Is $3,000 Within Reach for Ethereum in June?
Investors love a round number, and the $3,000 mark is looming just above Ethereum's (CRYPTO: ETH) current price near $2,540. Yet the real story is less about the coin's short-term price movement and more about whether May's big upgrade called Pectra has finally begun to solve Ethereum's perennial problems of high gas fees and sluggish throughput. If that fix sticks and institutions keep pouring fresh dollars into the blockchain, the token's next leg higher could have staying power and start to restore some real and enduring confidence among investors.In short, the question is whether a cheaper, faster Ethereum can reclaim relevance just as countries are debating where to stockpile their digital assets. Let's map out why the next few months could drop a few clues about the answer to that inquiry.The May 7 Pectra upgrade bundles several long-awaited improvements, from account abstraction to a doubling of blob capacity for Layer-2 data. These two technical upgrades make Ethereum more accessible and efficient, building on a handful of prior additions and tweaks.Continue reading
Investors love a round number, and the $3,000 mark is looming just above Ethereum's (CRYPTO: ETH) current price near $2,540. Yet the real story is less about the coin's short-term price movement and more about whether May's big upgrade called Pectra has finally begun to solve Ethereum's perennial problems of high gas fees and sluggish throughput. If that fix sticks and institutions keep pouring fresh dollars into the blockchain, the token's next leg higher could have staying power and start to restore some real and enduring confidence among investors.
In short, the question is whether a cheaper, faster Ethereum can reclaim relevance just as countries are debating where to stockpile their digital assets. Let's map out why the next few months could drop a few clues about the answer to that inquiry.
The May 7 Pectra upgrade bundles several long-awaited improvements, from account abstraction to a doubling of blob capacity for Layer-2 data. These two technical upgrades make Ethereum more accessible and efficient, building on a handful of prior additions and tweaks.
