The Pectra upgrade is set to launch in early April 2025, depending on the success of prior testnets. Traders are currently bullish, speculating on ETH hitting $3,200, while caution remains regarding a potential surge to $4,000.

Historically, Ethereum upgrades have triggered the ‘buy the rumor, sell the news’ behavior. Past events like The Merge and Shanghai showcased varied price responses post-upgrade, adding uncertainty about ETH’s future price movements.