Ethereum Price Prediction during Q1 2025 Pectra Upgrade Can ETH Hit $10,000?



Ethereum fell 1% to $3,808 in 24 hours, a day when the crypto market hardly moved.


ETH has gained 2% in a week, 27% in a month, and 100% in the past year.


The excellent news is that Ethereum is currently anticipating its Pectra update, which some community members predict in Q1 2025.


Pectra's many upgrades might boost Ethereum's price by increasing its usefulness.


ETH has fallen in recent days, but it seems set to recover.


Its RSI (purple) dropped to 30 late last night but has already risen to 50, with ample possibility for future gains.


However, ETH's 30-day average (orange) has remained above the 200-day (blue) for almost a week, complicating matters.




With the 30-day falling in the previous 24 hours, a decrease is likely.


However, multiple factors suggest that Ethereum will grow in the following days or weeks.


According to numerous funds that have submitted their applications, the first Ethereum ETFs may start this month.


ETFs will increase alt volume and demand, raising its price.


More information regarding the planned Petra upgrade have surfaced, with some experts predicting a first-quarter rollout next year.




Petra combines multiple major changes to improve Ethereum efficiency.


It will allow validators to stake more than 32 ETH, simplifying validation.


Account abstraction will allow smart contracts to operate as wallets, freeing users from using external wallets to begin transactions.


All of these capabilities will improve Ethereum's layer-one usability and supremacy.


It will enhance Ethereum's price, which might surpass its $4,800 record by year's end.

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