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ETH bounces 2% to $1,833 amid US-China trade optimism and Pectra upgrade anticipation. Here are three reasons why this could be a bull rally

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Pectra upgrade promises faster Layer-2 transactions and wallet-level smart contracts, fueling optimism.

The upgrade will modernize the Ethereum blockchain, bringing new features to the table.

The update will implement 6 blobs per block, and EIP-7702 will bring smart contract functionality to wallets.

Large Holders’ Netflow for ETH spiked by 78.07% from 37.12k to 105.33k between April 29 to May 6 .