Yigit Taha OZTURK 
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.
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.