Ethereum Technology Innovation and Market Dynamics Analysis
The 201st Ethereum Core Developers Execution (ACDE) conference call has confirmed that Pectra will be included in EIP 7691. This move will double the blob capacity of Ethereum, while EIP 7623 has also been smoothly incorporated into this technical upgrade.
Meanwhile, the NFT market has recently shown significant signs of recovery. On the Ethereum chain, the trading volume in the past seven days reached $92.48 million, a 52.77% increase compared to before. This growth reflects the strong demand for Ethereum from investors globally, especially in the United States. It has been observed that the Coinbase premium index has reached its highest level since April 2024, which undoubtedly injects new vitality into the sustainable development of Ethereum.
Market analysts predict that Ethereum may soon break the consolidation triangle pattern that has persisted for three years. Once this pattern is breached, its potential price target could soar above $10,000. This prediction fully demonstrates Ethereum's positive progress on the technical front and its strong market potential.
As a key platform for decentralized finance and non-fungible tokens, every technical upgrade and market dynamic of Ethereum attracts significant attention. Its unique characteristics and functionalities continue to draw market interest and capital inflow. Whether developers, investors, or ordinary users, everyone holds high expectations for Ethereum's future development.