Main takeout:
Returning the $ 2,200 level remains the first price challenge of ETH.
If the PECTRA upgrade leads to a surge in DApp and Ethereum network activities, ETH prices can be restored.
Ether Lee has successfully implemented major network upgrades on May 7, but Ether’s (ETH) prices and derivatives indicators have little response to upgrades. Due to the lack of reactions, traders and analysts have questioned whether ETH is likely to climb 22%to resume $ 2,200.
Eth Future Premium remains less than 5% neutral threshold, indicating the lack of appetite of the bull. More importantly, this indicator after the PECTRA upgrade has not changed to 3%, and the merchant suggests that the trader did not adjust its position despite the successful distribution of the upgrade.
Calm response can be partially explained by investors’ focus on macroeconomic problems because of the uncertainty of global trade disputes. However, the lack of interest in ether is preceded that the recent risk avoidance conditions are deteriorating. In fact, ETH has reduced the market cap of 28% for the first three months in 2025.
The incomplete price impact of the PECTRA upgrade reflects more dissatisfaction because the competing blockchain has gained traction.
Historically, the high Ether Leeum basic tier fee may be limited to network activities, but this cost has fallen to less than $ 1 since mid -February. In addition, BASE, the main tier -2 solution of Ether Leeum, is currently 14.3 million, with less than 11.3 million monthly active users from 82.2 million Solana and 25.9 million BNB chains.
Ether Leeum delayed DApp inter -operating -ETH prices hurt?
Solana provided an integrated user experience, especially the exchange sector, especially in the token launch. Similarly, the ring shows that the main focus of the trader is not necessarily necessary for the distribution and security of Ether Leeum. TRON, meanwhile, has made significant advancement in the Stablecoin market.
Ether Lee’s leadership of TVL (Total Value Locked) remains $ 53.7 billion. However, according to Defillama, this has almost no benefits to ETH holders because the network rate has been relatively low at $ 19 million in the last 30 days. In comparison, TRON collected $ 588 million over the same period and Solana recorded $ 39.4 million.
NOAM HURWITZ, the engineering director of Alchemy, pointed out that the Ethereum blob fee has fallen to the lowest level since the PECTRA upgrade. For Hurwitz, Ether’s success depends on the basic layer scalability, including further improvement of roll -up mechanisms and ultimately more smooth user experience.
relevant: Standard charges predict that BNB will more than doubled in 2025.
Breaking assets and data throughout Ethereum’s Layer-2 ecosystem has long been difficult, and users of Solana and BNB chains can easily switch between multiple applications (DApps). The PECTRA upgrade goes in the right direction, but it does not solve this problem, but it explains why ETH cannot but find the $ 2,200 level in early March.
In order for Ether’s price to rise by 22% from $ 1,810, investors will need to be convinced that the progress of the network will lead to a clear benefit through the deposit -2 growth. Ultimately, in order to lead the extensive adoption of DApp, an improved staying return or more powerful incentive will be required, which will increase the demand for ETH in the ecosystem.
This article is for general information purposes and should not be considered legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.