Ethereum’s Pectra Upgrade Delayed: What’s Next for ETH Price?
Why Is Ethereum’s Upgrade Facing More Delays?
Ethereum (ETH) is showing signs of recovery after forming a strong base above $1,760. With the price currently battling key resistance levels, traders are closely monitoring market movements and the upcoming Pectra upgrade.
Ethereum Price Analysis: Key Levels to Watch
ETH has broken past $1,820 and $1,850 resistance levels, even touching $1,920 before facing strong bearish pressure at $1,950. It is currently trading below $1,920 and the 100-hourly Simple Moving Average (SMA).
📌 Key Resistance Levels:
$1,900 - Short-term bearish trend line
$1,950 - 50% Fibonacci retracement level
$1,990 - Major breakout point
$2,050 - Potential bullish target
If ETH clears $1,990, it could rally to $2,050 and beyond. A breakout above $2,250 could signal a strong bullish trend.
Read ETH Price Prediction for more detailed insights
Ethereum Pectra Upgrade: What’s Happening?
Ethereum developers are preparing for the Pectra upgrade, which has been delayed until at least late April. To ensure a smooth rollout, a third testnet, Hoodi, will launch on March 17. If Hoodi runs without issues, the mainnet upgrade could go live as early as April 25.
📌 Key Pectra Upgrade Features:
Over 10 Ethereum Improvement Proposals (EIPs)
Enhanced wallet functionality and user experience
Increased blockchain scalability
Data availability blobs doubled from 3 to 6
🚀 Why It Matters: Pectra aims to make Ethereum faster, cheaper, and more efficient, addressing previous testnet failures on Sepolia and Holesky.
Also Read: Bitcoin Cash Price Prediction 2025, 2026 – 2030
What’s Next for Ethereum?
Ethereum developers have committed to faster protocol upgrades, with crypto venture capital firm Paradigm urging quicker implementations to maintain Ethereum’s competitive edge. This could lead to more frequent improvements and increased market confidence.
Traders should keep an eye on ETH price movements, ETF inflows, and upcoming developer updates. With strong technical and fundamental factors at play, Ethereum remains a key asset to watch in the crypto space.
📢 Stay Updated: Follow Ethereum developer updates and price trends to make informed trading decisions.