{"id":156360,"date":"2025-05-08T17:00:02","date_gmt":"2025-05-08T14:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=156360"},"modified":"2025-05-08T16:08:11","modified_gmt":"2025-05-08T13:08:11","slug":"pectra-is-boosting-ethereum-network-pushing-the-price-toward-2000","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/pectra-is-boosting-ethereum-network-pushing-the-price-toward-2000\/","title":{"rendered":"Pectra is Boosting Ethereum Network, Pushing the Price Toward $2,000"},"content":{"rendered":"<p>On-chain data shows a significant contraction in the supply of Ethereum in circulation, which is currently at an 18-day low of approximately 120.69 million ETH.This decline is due to increased user activity on the first layer network.<\/p>\n<p>Glassnode reported that on May 7, the number of unique active addresses reached a 30-day high of 474,044, signaling a resumption of user activity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-156361 aligncenter\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/05\/eth-aa-1024x576.webp\" alt=\"ethereum glassnode\" width=\"800\" height=\"450\"><\/p>\n<p>The surge in activity also affected the burn rate of ETH. According to <a href=\"https:\/\/etherscan.io\/\" target=\"_blank\" rel=\"nofollow\"><b>Etherscan<\/b><\/a>, the daily amount rose to its highest level since early May, further tightening the supply in circulation.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoins-realized-cap-hits-record-as-market-eyes-six-figure-return\/\" title=\"Bitcoin\u2019s Realized Cap Hits Record as Market Eyes Six-Figure Return\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/01\/btc-bitcoin-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin\u2019s Realized Cap Hits Record as Market Eyes Six-Figure Return<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Although these developments suggest potential upward pressure on the price of ETH, market analysts advise caution.<\/p>\n<p>In summary, the Pectra upgrade has led to increased network activity and reduced circulating supply, factors that could influence Ethereum\u2019s price trajectory. However, broader market conditions and investor sentiment will play a decisive role in determining the extent of price movements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest upgrade to Ethereum, Pectra, implemented on May 7, has begun to influence the dynamics of supply on the network.<\/p>\n","protected":false},"author":9,"featured_media":106447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-156360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pectra is Boosting Ethereum Network, Pushing the Price Toward $2,000<\/title>\n<meta name=\"description\" content=\"The latest upgrade to 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