Pectra upgrade Archives - Coin Engineer

Ethereum Surpasses Coca-Cola and Alibaba!

Emre Yumlu — Mon, 12 May 2025 11:00:06 +0000

Following the Pectra upgrade implemented on Ethereum’s mainnet, Ether’s price surged by 42% over the past five days, pushing its market cap beyond major global corporations.

As of May 12, according to data from the analytics platform 8marketcap, Ether surpassed Coca-Cola ($303.5 billion) and Alibaba ($303.7 billion) with a market capitalization exceeding $308 billion, ranking as the 39th-largest asset in the world. During this period, ETH price climbed to approximately $2,550.

The price rally was largely driven by the recently activated Pectra upgrade, which brought notable improvements in layer-2 scaling data storage, validator experience, and smart wallet usability.

Pectra Upgrade Finally Live on Mainnet

Initially scheduled for release in March 2025, the Pectra upgrade was postponed due to technical challenges during the testing phase.

The update was first launched on the Holesky testnet on February 24, but failed to finalize blocks. It was then moved to the Sepolia testnet on March 5, where an attacker mining empty blocks further escalated the issues.

To ensure secure deployment, Ethereum developers launched a new test network called “Hoodi”, and finally, on May 7, the upgrade was successfully rolled out to the mainnet.

With this update, externally owned accounts (EOAs) can now behave like smart contracts, enabling users to pay transaction fees not only with ETH but also with other tokens. Additionally, the staking limit for validators increased from 32 ETH to 2,048 ETH, simplifying operations for larger participants. The number of data blobs per block was also increased, significantly improving layer-2 scalability.

On May 7, ETH was trading around $1,786, and just five days later, it reached $2,550, delivering a 42% return to investors.

Security Experts Warn of New Risks

However, the upgrade also introduced some security vulnerabilities. Experts have warned that new transaction types could allow malicious actors to control EOAs without an on-chain signature from the user.

Some auditors noted that these flaws might let attackers drain funds through off-chain signed messages.

Although Ethereum has made a significant leap in terms of price and market cap, the long-term impact and security concerns following the Pectra upgrade remain under close watch by the crypto community.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum Surpasses Coca-Cola and Alibaba! appeared first on Coin Engineer.

Ethereum Price Surpasses $2,500: Bull Run Begins

Yeliz Akmaca — Mon, 12 May 2025 09:45:45 +0000

Ethereum’s price surged by 40% in the past week, crossing $2,500. Between May 8-10, it rose from $1,812 to $2,584. This movement formed three consecutive bullish candles. As buying pressure increases, investors anticipate a strong bull run. The Relative Strength Index (RSI) is in the overbought zone. However, a short-term correction risk exists.

Ethereum Targets $4,570

Ethereum broke out from a low of $1,386. By surpassing the $2,517 peak, it formed a rounding bottom pattern. This pattern signals a trend reversal. If the price holds above $2,500, an 81% surge is possible. The target is calculated at $4,570. Trading above the 200-day EMA supports the rally.

ETH Approaches Profitability

According to IntoTheBlock data, 6.61 million investors could make 66.96 million ETH profitable. The average purchase price is $2,462. If the price exceeds $2,557, this supply will become profitable. This could create a strong support zone. Investors expect the uptrend to continue.

Coinglass data shows $786 million in short position liquidations at $2,586. A 3% rise could trigger a short squeeze. Conversely, $715 million in long positions are at risk at $2,438. Both scenarios could increase volatility. The Pectra upgrade is a supporting factor for the rally.

Bearish Scenario and Support Levels

If Ethereum loses the 50% Fibonacci level at $2,430, the bullish thesis weakens. A drop below the 200-day EMA could test the 100-day EMA at $2,144. Bulls must defend these levels. Otherwise, bearish pressure increases.

The profitability of 67 million ETH could accelerate the rally. Technical analysis supports the $4,570 target. $3,000 forms a psychological stop point. Investors are optimistic due to the Pectra upgrade and market rally. However, liquidation risks require attention.

****NOT INVESTMENT ADVICE***

The post Ethereum Price Surpasses $2,500: Bull Run Begins appeared first on Coin Engineer.

Ethereum Pectra Upgrade Goes Live Today!

Yeliz Akmaca — Wed, 07 May 2025 08:00:19 +0000

The Ethereum Pectra Upgrade is set to launch today. This dual-layer hard fork, named Prague and Electra, enhances scalability, security, and user experience.

What is the Pectra Upgrade?

Pectra introduces innovations in Ethereum’s execution (Prague) and consensus (Electra) layers, featuring 11 Ethereum Improvement Proposals (EIPs). Notably, EIP-7702 enables account abstraction, allowing wallets to function like smart contracts, offering flexibility in gas fee payments and transaction batching. Additionally, EIP-7251 increases the maximum effective balance for validators from 32 ETH to 2,048 ETH, enabling large validators to operate with fewer nodes. Pedro Gomes, founder of WalletConnect, stated that the upgrade targets both large-scale holders and end users utilizing smart wallets, batch transactions, and smart sessions.

Innovations of the Ethereum Pectra Upgrade

Pectra boosts blob data capacity, enhancing the efficiency of Layer 2 (L2) solutions. EIP-7691 raises the blob count per block from 3 to 6, with a maximum of 9. Furthermore, Verkle Trees and PeerDAS optimize data storage. Users can now pay gas fees with tokens like USDC instead of ETH, lowering barriers for new users.

READ:$389M Token Unlock Looms: Which Coins Are at Risk?

Testing Process and Timeline

Despite challenges on the Holesky and Sepolia testnets, Pectra succeeded on the Hoodi testnet. The Ethereum Foundation aims to activate the upgrade on the mainnet today. Developers are updating clients. Users do not need to “upgrade” their ETH; they should remain vigilant against scams. Pectra makes Ethereum more scalable and user-friendly, though competition with rivals like Solana persists. In the long term, the Verkle transition and Fusaka will further strengthen the network. Technical analysis indicates a neutral signal in the short term, with selling pressure dominating on a weekly basis.

The post Ethereum Pectra Upgrade Goes Live Today! appeared first on Coin Engineer.

Why Is the Crypto Market Falling Today? May 2025 Analysis

Yeliz Akmaca — Mon, 05 May 2025 09:42:07 +0000

The crypto market started with a slight decline. The total market capitalization is dropping to $2.91 trillion, with a $26 billion loss during this period. Bitcoin (BTC) is down 1%, falling to $94,659. Ethereum Name Service (ENS) has dropped by 7%. The US first-quarter GDP data for 2025 came in weak, signaling an economic slowdown. This uncertainty is pushing investors away from risky assets, impacting cryptocurrencies. BTC is trying to hold at the $94,000 support level. The RSI is in the neutral zone, but selling pressure is increasing. A close above $95,000 could trigger a bullish signal.

Crypto Total Market Cap

READ: Litecoin ETF Approval : Will the SEC Decision Shake the Market?

Key Developments Affecting the Market

Several factors are triggering the decline. US macroeconomic data is fueling recession fears but also stoking hopes for interest rate cuts. These mixed signals are causing market volatility. Bitcoin is struggling to break the $95,000 resistance. Ethereum, despite the upcoming Pectra upgrade, remains under competitive pressure, increasing the strain on altcoins. Stablecoin supply dynamics are also affecting the market. Global regulatory delays in stablecoin regulations, discussed on the X platform, are deepening uncertainty.

Additionally, Binance’s strategic partnership with Kyrgyzstan’s National Investment Agency aims to accelerate crypto payments and digital finance education in the country, but global regulatory uncertainties continue to weigh on the market.

This Week’s Crypto Market Agenda

This week, several events are drawing attention in the crypto world. Bitcoin ETF inflows are slowing, and institutional demand is declining. Ethereum’s Pectra upgrade testnets are going live, but they have yet to create a positive market impact. Liquidity issues are being discussed on crypto exchanges, while the total value locked (TVL) in DeFi protocols reaches $110 billion. China’s restrictions on crypto mining are back in the spotlight, affecting Asian markets.

The crypto market is grappling with economic uncertainties, technical resistance levels, and regulatory developments. Investors are proceeding cautiously in this volatile period.

**Not Investment Advice**

The post Why Is the Crypto Market Falling Today? May 2025 Analysis appeared first on Coin Engineer.

Huge Drop in Ethereum Average Transaction Fees!

Yigit Taha OZTURK — Fri, 14 Mar 2025 07:00:21 +0000

Ethereum has seen a 95% drop in average transaction fees one year after the Dencun upgrade. According to Etherscan data, the average cost of a token swap is now just $0.39, compared to approximately $86 one year ago.

The Dencun upgrade, launched on March 13, 2024, is considered one of the most significant improvements to Ethereum’s network. The upgrade combined the Cancun upgrade on the execution layer and the Deneb upgrade on the consensus layer, implementing a total of nine Ethereum Improvement Proposals (EIPs). The primary goal was to enhance Ethereum’s scalability and reduce transaction costs for layer-2 networks.

According to YCharts data, the average gas fee on Ethereum has fallen from 72 gwei in 2024 to just 2.7 gwei as of March 12, 2025. NFT sales, which had averaged $145 in gas fees last year, now only cost around $0.65.

Significant Decline in ETH Price

Despite the major drop in gas fees, the price of Ethereum (ETH) has declined 53% over the past year. During the Dencun upgrade in March 2024, ETH was trading above $4,070. As of March 13, 2025, ETH is priced at $1,891, according to CoinGecko.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Dominik Harz, co-founder of Build on Bitcoin (BOB), commented to Cointelegraph that Ethereum has “underperformed” recently. Harz noted, “Since Trump’s election, Monday’s price drop erased all DeFi TVL gains. Between Solana’s memecoin frenzy and Ethereum’s fractured few months, it’s clear the industry is searching for a new, more sustainable and secure frontier for DeFi.”

ETH/USD daily chart.

Pectra Upgrade Faces Issues During Testing

Ethereum’s next major upgrade, Pectra, was rolled out on its final testnet, Sepolia, on March 5. However, soon after deployment, the team encountered issues with error messages and empty blocks being mined. Ethereum developer Marius van der Wijden confirmed that a fix had been deployed, but an unknown user later triggered the same issue, causing further disruptions.

Harz stated that while these testnet issues may delay the mainnet launch, they are far from Ethereum’s biggest challenge. The Pectra upgrade is expected to double data space for layer-2s, lower costs, and increase execution capacity. However, Harz warned, “While that’s a step in the right direction, the reality is that Ethereum is quickly losing its position as the go-to chain for builders, and Pectra isn’t the fix-all solution to its deeper issues.”

The post Huge Drop in Ethereum Average Transaction Fees! appeared first on Coin Engineer.

Ethereum’s Pectra Upgrade Could Trigger the Next Market Rally!

Yigit Taha OZTURK — Sun, 02 Mar 2025 15:00:28 +0000

The Ethereum Pectra upgrade, set for March 5, could be a key catalyst for the next bullish phase of the market cycle. While ETH has struggled against Bitcoin, some analysts believe that this upgrade could help ease long-term selling pressure and enhance Ethereum’s scalability.

Pectra Upgrade: A Game-Changer for Ethereum!

According to IntoTheBlock analyst Gabriel Halm, Pectra will not immediately boost ETH price, but it will strengthen the Ethereum ecosystem by:

Increasing network capacity,
Enhancing Layer 2 scalability,
Reducing consensus overhead,
Boosting Ethereum’s competitiveness.

Additionally, Ethereum Improvement Proposal (EIP)-7251 will increase the validator staking limit from 32 ETH to 2,048 ETH, making it easier for validators to compound earnings and potentially reducing sell pressure over time.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Will Ethereum Follow the 2017 Cycle Again?

Crypto trader Merlijn The Trader suggested that ETH price action resembles its 2017 market cycle, which could mean that Ethereum is setting up for a strong recovery.

The Ethereum community has raised concerns over Layer 2 solutions overshadowing the mainnet, leading the Ethereum Foundation to announce a new leadership structure.

On March 17, Hsiao-Wei Wang and Tomasz Stańczak will assume roles as co-directors of the Ethereum Foundation. Meanwhile, Vitalik Buterin has proposed strategies to strengthen Ethereum by increasing transaction capacity and ensuring that Layer 2 solutions contribute fees to the base layer.

The post Ethereum’s Pectra Upgrade Could Trigger the Next Market Rally! appeared first on Coin Engineer.

Pectra Upgrade on Ethereum: Schedule Announced!

Yigit Taha OZTURK — Fri, 14 Feb 2025 08:30:56 +0000

Ethereum is entering 2025 with a significant upgrade. The Pectra upgrade aims to enhance scalability, improve account management, and optimize overall network performance. This upgrade marks a crucial milestone in Ethereum’s long-term development roadmap.

According to the Ethereum Foundation, the update will be deployed on the Holesky testnet on February 24, 2025, followed by the Sepolia testnet on March 5, 2025. Finally, the upgrade will go live on the Ethereum mainnet on April 8, 2025.

With this upgrade, the Ethereum network is expected to become faster, more secure, and more user-friendly. It will bring major advancements in account management, transaction speed, and security, making it a key step in Ethereum 2.0’s evolution.

What’s New in the Pectra Upgrade?

Significant improvements will be made in Account Abstraction, simplifying private key management for users. Smart contracts will function directly as wallets, allowing for more secure and efficient transactions. This enhancement will enable a smoother and more seamless experience for Ethereum users.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

From a scalability perspective, the Ethereum network will be able to process more transactions efficiently. Transaction fees will be reduced, and confirmation times will be accelerated. These optimizations will make Ethereum more suitable for broader adoption and high-volume applications.

Security and user experience will also see notable enhancements. Advanced authentication mechanisms will be implemented, making decentralized applications (dApps) more accessible. With these improvements, Ethereum users will experience a safer and more seamless network environment.

The Pectra upgrade is a significant step toward achieving Ethereum’s long-term goals. By improving efficiency, scalability, and user-friendliness, it will contribute greatly to the Ethereum 2.0 roadmap, marking a major innovation in the crypto space.

The post Pectra Upgrade on Ethereum: Schedule Announced! appeared first on Coin Engineer.

Vitalik Buterin’s New Scaling and Ethereum Vision

Tanju Akbıyık — Fri, 24 Jan 2025 13:30:33 +0000

Ethereum co-founder Vitalik Buterin emphasized in a blog post on January 23rd the need to expand layer 2 solutions, improve “blob” scaling, and strengthen ETH’s role as the ecosystem’s fundamental asset.

Strengthening Ether as the Ecosystem’s Core Value

Buterin noted the critical importance of positioning Ether as the primary asset of layer 1 and layer 2 Ethereum economies. He argued that layer 2 networks should support transaction fees with ETH and proposed increasing the number of “blobs” to provide more transaction capacity.

Layer-2 Solutions for Scaling

Layer 2 networks have significantly contributed to reducing transaction fees and increasing transaction capacity by operating on Ethereum’s main layer. However, Buterin stressed the need to accelerate the adoption of these solutions and increase interoperability between layer 2 networks.

He stated that Ethereum’s user experience should feel like a single unified ecosystem rather than multiple different blockchains. He also emphasized the need for ETH to continue gaining value in a layer 2-intensive world, highlighting the importance of standardized cross-chain messaging and faster deposit and withdrawal times.

Increasing Transaction Capacity with Blob Scaling

Buterin expressed that the Ethereum network should adopt a blob-focused scaling strategy. (Blobs are a tool that allows the network to process more transactions at lower costs without compromising decentralization or security)

Buterin indicated that forward-looking goals could reach levels like 128 blobs/second, potentially achieving a capacity of 100,000 transactions per second (TPS).

Leadership Change and Ethereum Foundation

Despite adopting an inclusive approach in Ethereum’s development process, Buterin noted that he remains the sole decision-maker in the Ethereum Foundation’s leadership. He stated that this situation would continue until an appropriate board is established with the planned innovations.

The post Vitalik Buterin’s New Scaling and Ethereum Vision appeared first on Coin Engineer.