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Ethereum (ETH) has surged nearly 20% in 24 hours, reclaiming $2,200—a two-month high. The rally follows the successful Pectra upgrade, which turned ETH deflationary and doubled daily burn rates. Analysts now predict further gains, with targets as high as $3,700.
- ETH surged 20% in 24 hours to $2,234, its highest in two months, with a 50% monthly gain.
- Pectra upgrade turned ETH deflationary (-0.5% inflation) and doubled daily burn rates, fueling the rally.
- Ethereum leads tokenization (58% market share) and stablecoins (55%), per RWA.xyz data.
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