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Ethereum Price Holds $1,800 Ahead of Pectra Upgrade: Is a Bull Run Loading?

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ETH price holds firm above $ 1,800 amid market volatility.

Pectra upgrade brings validator scaling, cheaper L2 fees, smart contract wallets.

Will the new upgrade in ETH result in a price surge to the $ 2,000 mark? On-chain analyst DarkFost warns that the slowdown in the selling pressure does not mean the bottom is in.

Pectra upgrade is scheduled to launch on May 7 at 3.05 am PT .

The launch of the upgrade shows potential to result in a massive price surge.

The temporary pause will extend from 2.50 am to 3.45 am PT. The initiation of new staking requests during this cool-off period will be delayed.