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The recovery of the extent of two,200 US dollars stays the primary price challenge for ETH.
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The ETH Prize could get well if the PECTRA upgrade results in a rise within the Dapp and Ethereum network activities.
Ethereum successfully implemented a crucial network upgrade on May 7, but Ether (Eth) Prize and its derivatives showed a low response to the upgrade. The lackluster response surprised traders and led the analysts to the query of whether ETH still has an actual likelihood of accelerating 22% to recapture the extent of $ 2,200.
Ether 30-day futures united premium. Source: laevitas.ch
The ETH -Futures bonus has remained below the neutral 5% throat wood, which indicates an appetite by Leveraged Buls. It was much more necessary that this indicator after the PECTRA upgrade was 3% unchanged, which indicates that retailers don’t adapt their positions despite the successful provision of the upgrade.
The steamed response might be partially explained by the main focus of investors on macroeconomic questions, since recession risks occur because of the uncertainty in global trade disputes. However, the shortage of interest in retailers in ether goes before the recent deterioration in risk aversion conditions. In fact, in the primary three months of 2025, ETH understood the broader market capitalization of cryptocurrency by 28%.
The lackluster price effect after the PECTRA upgrade reflects a broader dissatisfaction because competing blockchains have gained traction.
In the past, the fees for top Ethereum base layer fees can only have limited network activities, but these costs have dropped below $ 1 since mid-February. In addition, the leading Layer 2 solution from Ethereum, Base, currently has 10.3 million energetic users who’re lower than 25.9 million out of the 82.2 million and the BNB chain of Solana.
Ethereum stays within the interoperability of Dapp – will it impair the ETH price?
Solana has dominated the decentralized exchange sector, especially with token starts, by offering an integrated user experience. Similarly, Hyperliquid exceeded expectations on the everlasting futures trade, which shows that the essential focus of the dealers shouldn’t be necessarily because of the decentralization and security of Ethereum. In the meantime, Tron has made considerable progress within the Stablecoin market.
The leadership of Ethereum as a complete value (TVL) stays undisputed at 53.7 billion US dollars. However, this has brought little profit to ETH owners, since in line with Defillama, the network fees have been relatively low for the last 30 days at 19 million US dollars. For comparison, Tron has amassed fees of 51.8 million US dollars in the identical period, while Solana has entered 39.4 million dollars.
Noam Hurwitz, head of engineering at Alchemy, found that the fees for the Ethereum Blob have dropped to their lowest level as possible because the Pectra upgrade. For Hurwitz, Ether's success will depend on the scalability of the bottom layer, including further improvements within the Rollup mechanism and ultimately a seamless user experience.
Bridging assets and data via the Ethereum Layer 2 Ecosystem has long been a challenge, while users can easily switch between several decentralized applications (DAPPS) on Solana and BNB chain. The PECTRA upgrade is a step in the proper direction, doesn’t dissolve this problem, which explains why ETH was unable to see this in early March.
In order for the value of ether 22% to extend in comparison with its current level of USD 1,810, investors probably must calm down that the progress of the network, be it through insoles or layer growth, results in clear benefits. Ultimately, improved deposit income or greater incentives are required with a purpose to advance a broader introduction of dapps, which in turn would generate an increased demand for ETH within the ecosystem.
This article serves general information purposes and mustn’t be thought to be legal or investment advice. The views, thoughts and opinions which can be expressed listed below are solely that of the writer and don’t necessarily reflect the views and opinions of cointelegraph or don’t necessarily represent them.
