While Bitcoin has surged by 3% due to favorable inflation data, Ethereum’s price increased by only 0.5%. As of the latest data, ETH is valued at 1,884.61 USD.

Analyst Tracy Jin suggests that if the Pectra upgrade resolves existing throughput and transaction cost issues, ETH might soar to between 6,000 and 7,000 USD. However, uncertainty in the market may affect prices and increase volatility in the next 3-6 months.