$ETH Ethereum (ETH) is currently trading at $3,338.64, reflecting a slight decrease of 1.26% from the previous close.

Looking ahead, Ethereum's upcoming Pectra upgrade, scheduled for early 2025, is expected to enhance network efficiency and scalability. This upgrade aims to reduce congestion and improve user experience, potentially boosting Ethereum's value.

Additionally, some analysts predict that Ethereum could reach new all-time highs, with projections suggesting prices above $5,000 in 2025.

These developments indicate a positive outlook for Ethereum in the near future.