Ethereum Pectra Upgrade on Sepolia testnet | Flash News Detail

On March 5, 2025, the Ethereum Pectra upgrade was successfully used in the Sepolia Testnet, which marked an important milestone for the development of Ethereum. According to Intotheblock's announcement on X (formerly Twitter), this upgrade is willing to improve the scalability and efficiency of Ethereum, which is expected to have a comprehensive impact on the market performance of cryptocurrency. At the time of the announcement, Ethereum's price was recorded at $ 3,250 with a trade volume of 12.5 billion US dollars in the last 24 hours, as from CoinmarketCap at 10:00 a.m. on March 5, 2025. At 10:15 a.m. UTC. On-chain metrics from Glassnode showed an increase in active addresses with an increase of 10% to 550,000 active addresses in the last 24 hours, which reflects increased interest and commitment after the upgrade messages (Glassnode, 10:30 a.m. UTC, March 5, 2025).

The provision of the PECTRA upgrade for the Sepolia Testnet has immediate effects on the trade, since market participants exactly monitor Ethereum's performance. According to the announcement, Ethereum experienced a price of 2% within the very beginning and reached $ 3,315 to 11:00 a.m. UTC, as stated by TradingView. This increase was accompanied by a significant increase in the commercial volume, whereby the ETH in the amount of an additional 2 billion US dollars was traded within an hour, which indicates a strong market interest. The ETH/BTC couple recorded a more pronounced movement, which increased by 1.2% to 0.058 BTC, which referred to a bullish atmosphere among dealers, which Ethereum prefers in front of Bitcoin at short notice (Binance, 11.15 a.m. UTC, March 5, 2025). The reaction of the market also extended to other Ethereum-based tokens, whereby tokens such as Chainlink (Link) and AAVE (AAVE) recorded a price increase of 3% or 2.5% within the same period (Coingecko, 11:30 a.m. UTC, March 5, 2025). This indicates a positive spillover effect from the upgrade messages.

From a technical point of view of the analysis, the price movement of Ethereum after the announcement on a bullish trend, whereby the price is above the 50-day average of $ 3,200, as shown on TradingView at 11:45 a.m. UTC on March 5, 2025. 12:00 p.m. UTC, March 5, 2025). The commercial volumes have increased significantly, with the hour volume at 12:15 p.m. UTC rising by 20% to $ 15 billion, which indicates a strong market participation and interest (CoinmarketCap, 12.15 p.m. UTC, March 5, 2025). The on-chain indicators continue to support this bullish feeling, with the NVT ratio (network value for transactions) decreasing by 5% to 10.5, which indicates that the transaction activity of Ethereum exceeds its market value, a sign of potential sub-judgment (Glassnode, 12:30 p.m. UTC, March 5, 2025).