Ethereum has underperformed recently, especially when compared to Bitcoin and Solana. The first US spot exchange-traded funds for the asset were launched last month, and the underlying asset’s price has tanked almost 30% since then.
However, the upcoming Pectra (Prague-Electra) upgrade scheduled for the first quarter of 2025 could change the bearish outlook for Ethereum.
Big Upgrades for Ethereum
On Aug. 20, DeFi researcher “Ignas” said that it was easy to be bearish about Ethereum considering its recent performance but added that, unlike previous upgrades, “Pectra seems to get no FOMO at all.”
There have been three major Ethereum upgrades over the past few years, and each has brought major improvements, such as the transition to proof-of-stake, enabling the burning of network fees, and reducing fees for layer-2s.
1/ Easy to be bearish on ETH:
It underperformed SOL and BTC, and bearish sentiment dominates the feed.
But there’s a catalyst to get bullish about: Pectra upgrade:
We współpracy z: https://cryptopotato.com/heres-how-ethereums-pectra-upgrade-will-bannish-the-eth-bears/
