Ethereum's Pectra upgrade, set for May 7, targets scalable transactions and user-friendly experiences. It introduces 11 improvements that could attract developers and increase demand. Amidst Ethereum's falling prices, the changes could spark renewed interest.
EIP-7702 is pivotal, enabling wallets to act like smart contracts. This allows gas fees in tokens like ETH. Enhanced staking processes attract institutional interest, possibly boosting Ethereum's market last seen peaking in 2021. If history repeats, Pectra might reignite Ethereum's lost momentum.