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Will Ethereum Price Hit $5,000 If Pectra Goes Live on Mainnet?
The price of Ethereum (ETH) has fluctuated in 2025, causing some traders and investors to worry about its future. The price has fallen by almost half after hitting a Year-to-Date (YTD) $3,635 in January.
Many people wonder if Ethereum price will ever breach the $4,000 resistance and a new high of around $5,000. Notably, a big focus is on the upcoming Pectra upgrade and whether it can trigger an increase in the price of Ethereum.
Ethereum Price and Rocky Start to 2025
So far, 2025 has been rough for Ethereum. At the end of January, Ethereum was trading at $3,267.90 per an earlier ETH price analysis as the forecast for January’s push to $4,000 failed. Unfortunately, it dropped to around $1,910.67 by mid-March. This big drop in just a few weeks has left several large investors selling off, as seen in Ethereum ETF outflows.
While Ethereum still has high growth potential for the future, the short-term price movement has been unpredictable. The delay in key upgrades, like the Pectra update, has made things harder for Ethereum.
As of press time, CoinMarketCap data shows that Ethereum’s price was trading at $1,931.64 and has seen an over 1% decline in the last 24 hours. Still, ETH remains the second largest cryptocurrency globally, with a Market capitalization of $233.12 billion.
With the price drawdowns conditional, the question hinges on what its prospects for growth are in the short term.
Impact of Pectra Upgrade on Ethereum
As Vitalik Buterin announced, the Pectra upgrade is meant to make Ethereum faster and more efficient. It combines two key updates, Prague and Electra, designed to improve Ethereum’s performance, especially regarding scalability and staking.
The mainnet launch for Pectra was expected to happen in early April, but the circumstances surrounding its testing are uncertain. This is because the Sepolia and Holesky testnets encountered configuration issues.
This testnet hiccup fueled the latest Ethereum price drawdown as community sentiments dropped. However, ETH developers have stepped up to create a fix. They are set to launch the “Hoodi” testnet by Monday, March 17, which will help redirect the testing of key Pectra upgrade features.
If all goes well, the mainnet launch could take place between April and May 2025. Many Ethereum proponents believe the success of Pectra might serve as a primary catalyst for the Ethereum price boom to $5,000.
Ethereum ETF and Potential Impact on Price
Ethereum ETFs could also boost the ETH price outlook. While Bitcoin ETFs have gained popularity, Ethereum ETFs are lagging behind in terms of sustained capital flow.
Data from SoSoValue shows that Ethereum ETFs lost over $143 million in assets this week. This is a large outflow compared to last week when they recorded $119 million in outflows.
Although the broader market sentiment is impacting this shift, when the stock market gains revival, the ETF market and by extension Ethereum price may gain momentum.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As Solana marks its fifth anniversary, there is palpable optimism for prices to rally in the short term. Experts say Solana price a raft of on-chain data will affect Solana’s price including bridged assets and positive SMA and EMA indicators.
Solana Receives $315 Million Assets Bridged From Ethereum
Solana’s ecosystem is buzzing with optimism following a surge in the volume of bridged assets to the network. According to the latest data, Solana received $314 million worth of tokens from the Ethereum network in the last 30 days.
The metric is a record high for Solana with the volume dwarfing the total bridged assets to Ethereum’s layer 2 projects. According to on-chain data, the value received by Solana from Ethereum is 463% more than the volume transferred to ETH’s layer 2 platforms.
Pundits say the spike in bridged assets over the last 30 days is a bullish indicator for Solana’s price. Right out of the bat, the assets will increase the total value locked (TVL) and liquidity for SOL while increasing user activity.
Others are construing the metric as confirmation of Solana’s dominance over Ethereum, stirring anticipation of a potential flippening.
Solana Price Eyes $178 In The Short-Term
There is increased investor confidence that Solana price can clinch $178 in the short term. On-analysts say if SOL breaks through its 20-day exponential moving average (EMA), investors can expect the easing of current selling pressure.
The easing will fuel a push toward the 50-day simple moving average (SMA) that will see the price face bearish resistance at around $178. However, a price break below $120 could trigger a steeper correction toward $110 and a potential $90.
In the long term, a forming cup-and-handle pattern could send SOL to $3,800 if a break out occurs. Currently, Solana is trading at $129, down by nearly 4% over the last 24 hours.
The network is agog with a slew of activity as Solana marks its fifth anniversary. The failure of the SIMD-0228 proposal still offers a silver lining for Solana given the speed of voting processes.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A former Ethereum Foundation engineer has raised concerns about the platform’s future, warning that a lack of clear leadership is slowing down critical development.
Harikrishnan Mulackal, who worked as a Solidity expert and compiler engineer, pointed out that Ethereum’s upgrade process has become sluggish, with only one major Ethereum Virtual Machine (EVM) change proposed in five years.
Lack Of Leadership Could Hurt The Network
According to Mulackal, Ethereum’s decentralized nature has led to delays in decision-making. He noted that while decentralization is a key strength, it has also made it difficult to push through necessary changes.
The only proposed EVM upgrade, transient storage, was almost scrapped at the last minute. He believes that without a more structured approach, the network could struggle to stay ahead of competitors.
This is why I left the Ethereum Foundation.
There is a lack of a clear and cohesive vision for Ethereum and EVM, making progress in EVM impossible.
I’ve seen EVM changes repeatedly shut down because they don’t check a certain box. The issue is that everyone has a different… https://t.co/TkAngYnycX
— Hari (@_hrkrshnn) March 14, 2025
Mulackal suggested that the network should prioritize execution over research, proposing a schedule of one hard fork per quarter to speed up improvements.
He argues that faster updates could help maintain the platform’s dominance in the blockchain space.
Internal Disagreements May Be A Bigger Problem
Mulackal’s concerns echo similar warnings from industry figures. Wintermute CEO Evgeny Gaevoy has previously said that leadership issues, not its technology, could be its downfall.
Gaevoy pointed out that there are contradictions within the organization’s leadership, with some pushing for market-driven incentives while others focus on social justice goals. This internal conflict, he warned, could lead to setbacks.
Vitalik Buterin, a co-founder of Ethereum, has admitted the difficulties and is apparently working on reordering the leadership of the Ethereum Foundation. Still up for contention, though, is whether these developments will support or undermine the network’s basic values.
Development Slows Down
Ethereum’s development speed has slowed even if it remains a major participant in the blockchain scene. Mulackal’s assertion that only one major EVM modification was suggested in five years begs issues about whether the network can keep up with ideas from competing blockchains.
Before “redesigning” Ethereum, developers have always stressed thorough research. Mulackal, however, feels that this cautious approach is currently dragging the platform back. Ethereum should, he contends, concentrate more on providing useful improvements than on spending years researching possible hazards.
Featured image from Equiti, chart from TradingView
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A crypto analyst identified as ‘MonoCoinSignal’ on TradingView has shared varying forecasts for the Shiba Inu price. As the second-largest meme coin stages a recovery to a new all-time high, this analyst has outlined key resistance and support levels to watch out for
Shiba Inu Price Recovery Depends On These Levels
MonoCoinSignal has published a detailed Shiba Inu price analysis, outlining key technical indicators and levels that could determine its next move toward an ATH recovery. Currently trading at $0.000013, the Shiba Inu price reflects a sharp decline from its previous high of $0.000015 on March 10.
On its 1-hour chart, the TradingView analyst highlights that the SHIB is currently testing a key support zone around the $0.000011 level. If its downtrend persists, the meme coin is expected to fall toward additional support levels at $0.0000105 and $0.000010.
Currently, Shiba Inu’s price is trading below the short-term Moving Averages (MA), solidifying its bearish position within this time frame. Its Relative Strength Index (RSI) is also approaching oversold territory, suggesting a potential price bounce if buying pressure picks up.
Predicting a potential bullish case scenario, MonoCoinSignal highlights three key resistance zones to watch out for: $0.0000127, $0.000014, and $0.000015. The analyst suggests that these levels could trigger a strong rebound for the meme coin.
Notably, if Shiba Inu can hold above the support level at $0.000011, it could stage a rally to the aforementioned resistance zones between $0.0000127 and $0.000014. Due to the market’s recent declines, MonoCoinSignal has acknowledged that any gains experienced by the price will be limited and short-lived.
Currently, SHIB’s bearish performance aligns with the broader crypto market downtrend, with numerous meme coins and altcoins taking a hit after Bitcoin crashed below $85,000. The TradingView analyst mentions that Shiba Inu’s current market trend highlights a bearish position from the medium to long term.
With recent X social media reports revealing an increase in SHIB token burns, the TradingView analyst believes that the gradual supply reduction could eventually fuel a price increase in SHIB over time.
SHIB Uptrend At Risk If Price Breaks Support
On the flip side, MonoCoinSignal has also shared a bearish case scenario for the Shiba Inu price if the downtrend persists. The analyst has predicted that if selling pressures trigger a break down below the support level at $0.000011, Shiba Inu could slide towards new lows around $0.00001051 or $0.00001001.
While Shiba Inu’s recent token burns highlight a positive long-term outlook, the analyst suggests that their impact is unlikely to trigger a significant surge in this short time frame. With the SHIB price facing both bullish and bearish possibilities, MonoCoinSignal urges investors and traders to monitor the market for catalysts that could either positively or negatively influence the meme coin’s next move.
Featured image from Unsplash, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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