Overview

• Ethereum's price surged 28.9% to over $2,400 on Friday, its highest level since early March, following the Pectra upgrade and a US-UK trade deal.
• The Pectra upgrade, rolled out on Wednesday, aims to improve user experience, scalability, and staking flexibility through account abstraction and updated validator limits.
• This marks Ethereum's third major upgrade since transitioning to proof-of-stake in 2022 during The Merge.
• US spot Ether ETFs have recorded three consecutive days of outflows despite the cryptocurrency's sharp price rebound.
• Broader crypto markets rose 3.5% to a $3.37 trillion valuation, with Ethereum-based projects leading gains across top tokens.