Ethereum Eyes $3,000 as Pectra Upgrade and Fed Hopes Fuel Massive Surge

Ethereum (ETH) is heating up the crypto charts, staging one of the most impressive rallies among the top 100 digital assets. Over the past month, ETH has surged an impressive 63.3%, with gains of 47.5% over the past two weeks, 46.3% in the last seven days, and 8.7% in the last 24 hours alone—firmly placing it among the market's standout performers.

This bullish momentum comes as anticipation builds around Ethereum’s recent Pectra upgrade. Touted as the network’s most feature-rich update yet, Pectra has reignited investor confidence and appears to be the driving force behind ETH’s recent outperformance—even eclipsing Bitcoin (BTC) in short-term returns.

Meanwhile, the broader crypto market is showing signs of recovery. Bitcoin briefly dipped to $101,000 during a recent correction but quickly rebounded to reclaim $103,700, helping lift overall market sentiment.

Looking ahead, ETH may have even more room to run. Speculation is growing that the U.S. Federal Reserve could move to cut interest rates at its next meeting—a shift that could drive fresh capital into the crypto sector. If bullish tailwinds continue, Ethereum’s path toward the $3,000 mark could materialize sooner than expected.

With technical upgrades in place and macroeconomic winds potentially turning in its favor, Ethereum may be preparing for another leg up. All eyes are now on whether this rally has the strength to break through the next psychological barrier.