Pectra upgrade could alter investor sentiment as ETH retests $2,817

Date:

Ethereum price today: $2,740

  • Ethereum Foundation announced that the Pectra upgrade will continue as planned with the Holesky and Sepolia testnet upgrades set for February 24 and March 5.
  • Ethereum options data shows a slight increase in optimism among traders.
  • ETH retested the $2,817 critical resistance as its technical indicators show slight bullish signs.

Ethereum (ETH) is up 3% on Friday following the Ethereum Foundation’s official announcement of the dates for the Pectra upgrade to hit the Holesky and Sepolia testnets. The top altcoin tested the $2,817 level upon the announcement, with technical indicators showing mild bullish signs.

Ethereum Pectra upgrade announcement lifts market sentiment

Ethereum developers are on track to ship the Pectra upgrade on testnets Holesky and Sepolia on February 24 and March 5, respectively.

After reaching an agreement in the recent All Core Developers Consensus…

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