Ethereum's price surged by 30% in just 48 hours, surpassing Bitcoin's growth as the crypto market rallied in response to improving macroeconomic conditions. On May 9, Ethereum experienced extraordinary gains, attributed to the successful implementation of the Pectra upgrade, which enhances scalability and usability. Analysts noted that despite Ethereum's previous price stagnation compared to Bitcoin, the latest upgrade has positioned it for significant growth. This increase in confidence was further fueled by positive developments in the global economy, such as a U.S.-U.K. trade deal. Consequently, ETH was trading at about $2,337 after hitting over $2,400, while Bitcoin also recovered, marking its price around $101,289, reflecting a strong resurgence in risk assets. This increase follows a downturn for Ethereum since its peak of $4,878 in 2021, with many now considering it an opportune moment to invest as investors seize the chance to buy at discounted prices, supported by favorable market sentiment and a growing interest in the cryptocurrency space.

Source đź”—