No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 28, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Ethereum price almost doubles post-Pectra upgrade, nears Eric Trump promo high

by TheAdviserMagazine
6 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
Ethereum price almost doubles post-Pectra upgrade, nears Eric Trump promo high
Share on FacebookShare on TwitterShare on LInkedIn


Key Takeaways

Ethereum’s price surged nearly 50% to over $2,700 after the Pectra upgrade.
Abraxas Capital acquired 211,030 ETH valued at approximately $477 million post-upgrade.

Share this article

Ethereum rallied nearly 50% to over $2,700 after the Pectra upgrade and is now around 6% below what it held when Eric Trump publicly promoted the asset, TradingView data shows.

The president’s son voiced bullish sentiment toward Ethereum in a Feb. 3 post, tweeting, “In my opinion, it’s a great time to add $ETH. You can thank me later.” He later edited the statement to remove the last sentence.

His post came on the heels of a market-wide selloff tied to President Trump’s tariff proposal, during which Ether lost more than 15% over February 2 and 3, bottoming out at around $2,300 at the time.

Despite brief recoveries, the downturn intensified amid mounting fears of escalating trade tensions and inflation, following Trump’s early April announcement of sweeping tariffs. On April 7, Ether briefly fell below $1,400—its lowest level since November 2023.

The current price rally is fueled by the activation of the Pectra upgrade on May 7, renewed bullish sentiment driven by positive developments in US-China trade relations, and rising institutional accumulation.

Pectra introduces a suite of Ethereum Improvement Proposals (EIPs) designed to enhance staking efficiency, wallet usability, and layer 2 scalability. This helps lay critical groundwork for Ethereum’s next phase of network growth.

The upgrade represents a pivotal step for the platform, advancing user-friendliness and enabling systematic, programmable staking. Ethereum has surged more than 40% in the five days since the upgrade went live.

On the institutional front, UK-based investment firm Abraxas Capital has acquired 211,030 ETH, valued at approximately $477 million, over the past six days, according to data from Arkham Intelligence.

Ethereum surpasses Alibaba and Coca-Cola in market cap

Ethereum has again exceeded Alibaba and Coca-Cola in market capitalization to rank as the 33rd most valuable asset, after its price jumped over 40% in five days post-Pectra upgrade, CompaniesMarketcap data shows.

Ethereum’s market cap now stands at roughly $325 billion, surpassing Coca-Cola’s valuation of around $297 billion and Alibaba’s $320 billion.

On Monday, the second-largest crypto asset briefly overtook Alibaba with a market cap of $308 billion, but the Chinese tech giant regained the lead after its stock surged roughly 6%, lifting Alibaba’s market cap to over $317 billion, per Market Watch data.

Share this article

Follow on Google News



Source link

Tags: DoublesEricEthereumHighNearspostPectraPricePromoTrumpUpgrade
ShareTweetShare
Previous Post

Apple probes next frontier with new brain implant standard. But what it really needs is to sell more iPhones

Next Post

Seemingly Nonexistent Citation in Anthropic Expert’s Declaration

Related Posts

edit post
Dogecoin Price Hasn’t Begun Its 3rd Wave Yet, ATH Above alt=

Dogecoin Price Hasn’t Begun Its 3rd Wave Yet, ATH Above $0.8 Still In The Cards

by TheAdviserMagazine
October 28, 2025
0

The recent Dogecoin market action has seen its price now hovering below $0.20 after surging to $0.208 in the past...

edit post
Bitcoin Miner Terawulf Secures 25-Year AI Compute Contract Worth .5B

Bitcoin Miner Terawulf Secures 25-Year AI Compute Contract Worth $9.5B

by TheAdviserMagazine
October 28, 2025
0

Terawulf has inked a 25-year joint venture with Fluidstack to build a 168-megawatt (MW) high-performance computing (HPC) facility in Abernathy,...

edit post
F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

by TheAdviserMagazine
October 28, 2025
0

Chun Wang, co-founder of major Bitcoin mining pool F2Pool, pushed back against a proposed temporary soft fork aimed at limiting...

edit post
BlackRock Ethereum ETF purchases .5M in ETH

BlackRock Ethereum ETF purchases $72.5M in ETH

by TheAdviserMagazine
October 28, 2025
0

Key Takeaways BlackRock clients bought $72.5 million worth of Ethereum in a single day via the spot Ethereum ETF. This...

edit post
Ethereum Price Prediction: ,300 Resistance Key as Institutions Add  M to ETH Treasuries

Ethereum Price Prediction: $4,300 Resistance Key as Institutions Add $78 M to ETH Treasuries

by TheAdviserMagazine
October 27, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Currently trading above $4,000, the Ethereum price...

edit post
Landmark ruling in India treats XRP as property, not speculation

Landmark ruling in India treats XRP as property, not speculation

by TheAdviserMagazine
October 27, 2025
0

A Madras High Court judge barred WazirX from reallocating a customer’s XRP holdings and declared cryptocurrency qualifies as property under...

Next Post
edit post
Seemingly Nonexistent Citation in Anthropic Expert’s Declaration

Seemingly Nonexistent Citation in Anthropic Expert's Declaration

edit post
The Hidden Legal Landmines in Off-Market Deals & How to Avoid Them

The Hidden Legal Landmines in Off-Market Deals & How to Avoid Them

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Dollar mixed as investors eye central bank decisions, trade talks

Dollar mixed as investors eye central bank decisions, trade talks

0
edit post
Unlocking Stock Market Success: Why You Should Embrace the Skew

Unlocking Stock Market Success: Why You Should Embrace the Skew

0
edit post
Why Republics Will Collapse | Armstrong Economics

Why Republics Will Collapse | Armstrong Economics

0
edit post
Dogecoin Price Hasn’t Begun Its 3rd Wave Yet, ATH Above alt=

Dogecoin Price Hasn’t Begun Its 3rd Wave Yet, ATH Above $0.8 Still In The Cards

0
edit post
12 Future Tax Traps Gen Z May Run Into Before Age 30

12 Future Tax Traps Gen Z May Run Into Before Age 30

0
edit post
183 Million Credentials Stolen, Including Millions of Gmail Logins. Google Says Reports Are ‘Greatly Exaggerated.’ Are Your Details Safe?

183 Million Credentials Stolen, Including Millions of Gmail Logins. Google Says Reports Are ‘Greatly Exaggerated.’ Are Your Details Safe?

0
edit post
Dogecoin Price Hasn’t Begun Its 3rd Wave Yet, ATH Above alt=

Dogecoin Price Hasn’t Begun Its 3rd Wave Yet, ATH Above $0.8 Still In The Cards

October 28, 2025
edit post
Trump says he is prepared to send ‘more than the National Guard’ into US cities

Trump says he is prepared to send ‘more than the National Guard’ into US cities

October 28, 2025
edit post
183 Million Credentials Stolen, Including Millions of Gmail Logins. Google Says Reports Are ‘Greatly Exaggerated.’ Are Your Details Safe?

183 Million Credentials Stolen, Including Millions of Gmail Logins. Google Says Reports Are ‘Greatly Exaggerated.’ Are Your Details Safe?

October 28, 2025
edit post
Nokia shares jump on B Nvidia investment to grow AI networking, cloud footprint (NVDA:NASDAQ)

Nokia shares jump on $1B Nvidia investment to grow AI networking, cloud footprint (NVDA:NASDAQ)

October 28, 2025
edit post
Risks, Shifts & Strategic Design

Risks, Shifts & Strategic Design

October 28, 2025
edit post
AI-fueled cyberattacks make security more challenging

AI-fueled cyberattacks make security more challenging

October 28, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Dogecoin Price Hasn’t Begun Its 3rd Wave Yet, ATH Above $0.8 Still In The Cards
  • Trump says he is prepared to send ‘more than the National Guard’ into US cities
  • 183 Million Credentials Stolen, Including Millions of Gmail Logins. Google Says Reports Are ‘Greatly Exaggerated.’ Are Your Details Safe?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.