Ethereum’s May 7 Pectra Upgrade Spurs 50% Surge to $2,700, Surpassing $1,900 Realized Price and $2,400 Market Mean

Ethereum's Pectra upgrade went live on May 7, marking the most important update since The Merge. The upgrade introduced smart account wallet features to improve user experience, doubled the capacity for Ethereum Layer 2 solutions, and enhanced overall performance. Following the upgrade, Ethereum's price surged by 50%, rising from $1,800 to $2,700, with the largest daily gain since May 2021 at 21.8%. This rally has brought the average Ethereum holder back into profit as the price moved above the realized price of $1,900 and surpassed the True Market Mean of $2,400, a critical threshold in previous market cycles. The upgrade is expected to make wallets smarter, simplify onboarding, and improve app responsiveness, positioning Ethereum for further growth and adoption.

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