At the beginning of each new year, analysts make various predictions for different assets in the cryptocurrency world. These predictions are usually based on technical analysis, historical trends, and current market conditions. However, Aave co-founder Stani Kulechov made an unusual prediction for Ethereum.
Aave Co-Founder Makes Important Statements About Pectra Upgrade
Stani Kulechov, in a post on the X platform, highlighted important developments that should be noted in the Ethereum Blockchain. Kulechov particularly drew attention to the upcoming Pectra upgrade, which has the potential to increase price movements in 2025. He stated that this upgrade, which will be implemented in the first quarter, could significantly improve Ethereum’s network scalability, user experience, and security.
The Pectra upgrade will allow Ethereum’s external accounts (EOAs) to function as smart contracts. EOAs have limited functionality like regular wallets and cannot execute complex logic or interact with smart contracts. However, the Pectra upgrade will overcome these limitations and strengthen interaction with decentralized applications (dApps). It will also provide a stronger security infrastructure and improved user experience.
Kulechov noted that Ethereum’s new “blob spaces” will enable more efficient data storage, and that this development will be beneficial not only for the Ethereum network but also for all Layer 2 solutions. These changes will allow for more transactions at lower costs, increasing Ethereum’s network efficiency. These innovations will position Ethereum for wider adoption in 2025 and beyond, and could trigger price increases as interest from institutional investors increases.
Ethereum Price Prediction: The Role of Whales
Crypto analyst Abiodun Oladokun evaluated Ethereum’s technical status and commented on its current price action. According to Oladokun, ETH’s Moving Average Convergence Divergence (MACD) indicator on the daily chart confirms a decline in demand for the altcoin. The MACD line (blue) below the signal line (orange) indicates a bearish trend. This indicator provides investors with information about the strength, direction, and duration of the trend. If selling pressure increases, ETH is likely to fall below the $3,070 support level and drop to $2,558.
On the other hand, if ETH whales continue to accumulate, ETH can be expected to rise towards $3,415. Investors and analysts will continue to closely monitor Ethereum’s price movements this year, as market conditions and major investor movements will play an important role.