Ethereum has surged following the activation of Pectra, making significant gains. In the past 24 hours, it recorded over $166 million in net inflows to decentralized exchanges. This upward momentum sees Ethereum’s price reach $1,953.87, reflecting a 6.39% increase. Analysts highlight that technical indicators, particularly an oversold RSI, hint at the possibility of a remarkable 90% rally by mid-2025. With a current market capitalization of $235 million, the optimism surrounding Ethereum’s trajectory is palpable. Investors and traders are advised to monitor potential breakout triggers closely.