- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Ethereum Price Holds Steady Following Pectra Upgrade
By: bitcoin ethereum news|2025/05/08 00:00:06
0
Share
In brief Ethereum’s Pectra upgrade was successfully implemented but didn’t boost ETH’s price, which continues trading at $1,830, 40% lower than last year. Despite excitement around the upgrade’s 11 improvement proposals, analysts note Ethereum updates often act as “sell the news” events, similar to what happened after “The Merge” in 2022. Markets appear more focused on the Federal Reserve’s interest rate decision than on Ethereum’s technical improvements, with CME FedWatch indicating a 95.6% chance rates will remain unchanged. Ethereum’s Pectra upgrade went live without a hitch—but it didn’t serve as rocket fuel for ETH’s price. The world’s second-largest cryptocurrency was trading sideways after the long-awaited code changes were finalized on Wednesday. ETH is currently hovering at about $1,830, meaning it’s continuing to trade 40% lower than it was this time last year. It was a similar story after Ethereum completed “The Merge,” and made the ambitious switch from proof of work to proof of stake consensus. Back in September 2022, prices were flat in the immediate aftermath of that upgrade—but fell in the days that followed. Analysts often point to Ethereum upgrades as “sell the news” events, as excitement doesn’t always translate into buying pressure. Pectra is designed to improve usability for ETH owners and validators alike, and consists of 11 separate Ethereum Improvement Proposals. But a more pressing matter for the markets right now concerns today’s meeting of the Federal Open Markets Committee. President Donald Trump has been repeatedly lobbying for the Fed to cut interest rates, with Jerome Powell refusing to do so until inflation cools. The latest data from the CME FedWatch tool suggests investors believe there’s a 95.6% chance that the cost of borrowing will remain frozen. Meanwhile, Ethereum co-founder Vitalik Buterin is betting that, in the long term, speeding up Ethereum blockchain and making its infrastructure as simple as Bitcoin could drive adoption. While the likes of Bitcoin and Solana have hit new all-time highs this year, ETH has been languishing below a record price of $4,891 set in November 2021. Edited by Stacy Elliott. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Source: https://decrypt.co/318329/ethereum-price-pectra-upgrade
You may also like
RootData: February 2026 Cryptocurrency Exchange Transparency Research Report
This month's cumulative spot trading volume on cryptocurrency exchanges has decreased slightly by 4.7% compared to January, which is the result of multiple factors including market conditions, the macro environment, and the Spring Festival holiday in Chinese-speaking regions.
「One and Done SEA」, so OpenSea chooses to wait a little longer
It's already Q1 2026, and we're still waiting for OpenSea to launch its token.
Ray Dalio: The Resolution of the US-Iran Conflict Is In the Strait of Hormuz
In war, the ability to endure pain is often more important than the ability to inflict pain.
In just 70 days, Polymarket easily raked in tens of millions in fees
The money printer is running, and the future ceiling only depends on two main variables.
Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.
In the future, Matrixdock will continue to expand to include more high-quality real-world assets, driving the development of a more transparent and robust on-chain reserve asset system.
a16z: The Hardest Enterprise Software, and the Greatest Opportunity in AI
The world will continue to run on SAP, but AI will reshape it
Polymarket Market-Making Bible: Pricing Spread Formula
This article presents a comprehensive market-making pricing framework that will elevate you from "guesstimate pricing spread" to "formula-based pricing spread."
Ray Dalio: If the United States loses Hormuz, it will lose more than just a war
In war, who can endure pain better is often more important than who can inflict pain better.
How to Earn Up to 40% Rebates on Crypto Futures Trading (WEEX Trade to Earn IV Guide)
WEEX Trade to Earn IV lets traders earn up to 40% fee rebates in real time through a tiered miner system tied to trading activity. With additional boosts from referrals, it offers a more reliable alternative to airdrops as the crypto market gains momentum.
NVIDIA Plays Trillion-Dollar Chess Game | Rewire News Morning Edition
DGX Station, a desktop workstation capable of running trillion-parameter models
Real-time Update | NVIDIA GTC 2026 Conference Highlights Galore
The most anticipated annual event in the AI field, NVIDIA's GTC 2026 Conference, kicked off today in San Jose, California, USA.
People Behind Pokémon Go: Started with CIA's Money, Now Mapping the World for the Military AI
The security of data depends on whose hands it ends up in.
Huang Renxun GTC Speech Full Text: By 2027, Market Demand Will Exceed $1 Trillion; Everyone Should Develop an OpenClaw Strategy
The underlying business logic driving future growth will be the "Tokenomics of a Platform Factory."
Stratechery Debunks the AI Bubble Myth: What Should We Do with AI?
LLM Third Normal Form Jump drives the Agent from Tool to Execution System, current AI investment is closer to demand-driven rather than hype
Three Charts to Watch at NVIDIA's GTC: Cheaper Compute, Spend More
Mining Cost Down 94%, Capex Up 170%
BTC Eight Green Candles Reach $76K, What Is the Logic Behind Outperforming Gold in the Midst of Battle?
War Cooling Off, Oil Pullback, Stock Market Rebound: Where Is Bitcoin Headed This Time?
Morning Report | Strategy invested $1.57 billion last week to increase its holdings by 22,337 bitcoins; Abra plans to go public through a SPAC merger; Metaplanet aims to raise approximately $765 million to increase its bitcoin holdings
Overview of Important Market Events on March 16
CB Insights: Nine Predictions for the Fintech Sector in 2026, with Asset Tokenization Already Becoming a Trend
AI agents initiate autonomous trading, crypto giants directly challenge traditional banks: an article revealing 9 disruptive predictions that will reshape the financial landscape in 2026.
RootData: February 2026 Cryptocurrency Exchange Transparency Research Report
This month's cumulative spot trading volume on cryptocurrency exchanges has decreased slightly by 4.7% compared to January, which is the result of multiple factors including market conditions, the macro environment, and the Spring Festival holiday in Chinese-speaking regions.
「One and Done SEA」, so OpenSea chooses to wait a little longer
It's already Q1 2026, and we're still waiting for OpenSea to launch its token.
Ray Dalio: The Resolution of the US-Iran Conflict Is In the Strait of Hormuz
In war, the ability to endure pain is often more important than the ability to inflict pain.
In just 70 days, Polymarket easily raked in tens of millions in fees
The money printer is running, and the future ceiling only depends on two main variables.
Matrixdock is launching the Silver Token XAGm, built on the FRS standard as an on-chain silver-backed asset.
In the future, Matrixdock will continue to expand to include more high-quality real-world assets, driving the development of a more transparent and robust on-chain reserve asset system.
a16z: The Hardest Enterprise Software, and the Greatest Opportunity in AI
The world will continue to run on SAP, but AI will reshape it
App