The highly anticipated Pectra upgrade went live on the Ethereum (ETH) mainnet on May 7. The upgrade introduced several Ethereum Improvement Proposals (EIPs) that enhance various aspects of the network, focusing on scaling, staking efficiency, user experience, and interoperability. However, market watchers believe Pectra could also impact the price of ETH and push it over $2,000, a level not seen since March 28. Will ETH Reach $2000? Tracy Jin, Chief Operating Officer of MEXC, told BeInCrypto that the upgrade can be a bullish catalyst for ETH
source: https://beincrypto.com/pectra-upgrade-ethereum-price-rally/