Ethereum’s Biggest Upgrade Yet: Pectra Is Here

Biggest Ethereum upgrade EVER happened 2 hours ago.

No one’s talking about it - yet.
But you’ll feel it.
Just like $ETH price will.

Meet Pectra: what it changes, why it’s huge, and what’s next for ETH 🧵👇

1/➮ Today marks the most bullish ETH update ever in crypto - Pectra

✧ The update itself is indeed very impressive, with many long-awaited changes

✧ But will it solve Ethereum's main problem - the lack of price growth?

Let’s break it down👇

2/➮ The update is happening today, May 7 and this upgrade is aimed right for the ppl

So, what’s changing:

- TXs
- Safe Updates
- Smart Wallets
- Staking

Now let’s take a closer look at each one:

3/➮ TXs

✧ Approvals will no longer be needed, and swaps can finally be done in a single transaction

✧ Moreover, you’ll be able to perform multiple actions within one transaction

✧ And anyone can sponsor TXs, meaning you won’t need to hold ETH on every network

4/➮ Safe Updates

✧ A new feature called Spending Control is being introduced

✧ This means daily withdrawal limits from your wallet

✧ There will also be other major security upgrades, which will make transactions faster and cheaper

5/➮ Smart Wallets

✧ One more key thing to be introduced is the Recovery mechanics

✧ These recovery mechanisms use Account Abstraction technology

✧ It turns wallets into smart contract wallets, giving them programmable logic

6/➮ Staking

✧ Staking will become more flexible and efficient by raising the validator cap from 32 to 2048 ETH

✧ There will also be faster deposit recognition and smart contract-enabled withdrawals

✧ This will give more control over assets for validators and stakers

7/➮ Overall, the situation with ETH still doesn't look good, as it is underperforming compared to both SOL and BTC

✧ In fact, it is even at mid-term lows while BTC is nearly at $100k

But remember, an asset can't rise or fall forever

8/➮ Despite everything, u should not write off ETH considering its historical ability to recover quickly

✧ And we will definitely see the next narrative with ETH, just like we saw with restaking and many other things

✧ This narrative could even be the Pectra update itself

9/➮ Remember that crypto is changing fast: metas come and go:

ETH could make a very quick comeback

✧ That’s why I continue to accumulate ETH, (but ofc I’m also keeping an eye on other assets like SOL/BTC)

(Hold much more ETH than SOL rn btw, as R/R is much better)

10/➮ I think this update gave Ethereum exactly what it was missing - usability.

Finally, they stopped focusing smart contracts, scalability, and ecology, and actually started thinking about user experience - so that ppl don’t feel sick using MetaMask after trying Phantom.

That’s why I believe this update is a quiet turning point for bringing ETH back into the meta.

11/➮ I don’t think Ethereum is the “Nokia” of crypto - far from it. I’m confident it still has a major move left in it (even if it underperforms SOL for a year).

Right now the setup is strong: ETH/BTC at historic lows, peak bearish sentiment.

You’ll be shocked how fast the FUDders turn into believers on the first real pump.

$10K ETH is inevitable.

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