onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Why the Ethereum Ecosystem Soared on Friday
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Finance

Why the Ethereum Ecosystem Soared on Friday

Last updated: May 8, 2025 8:00 pm
Oliver James
Share
5 Min Read
Why the Ethereum Ecosystem Soared on Friday
SHARE

The Ethereum (CRYPTO: ETH) cryptocurrency posted big gains on Friday, accompanied by similar price increases in the supporting ecosystem. As of 3:10 p.m. ET, the Ether coin was up by 13.4% in the last 24 hours.

Contents
The fuel for Ethereum’s firesCan the Pectra upgrade change Ethereum’s gloomy narrative?Should you invest $1,000 in Ethereum right now?

Wrapped Ethereum (CRYPTO: WETH) had also gained 13.4%, reflecting Ether’s real-time price as expected. The reward-oriented Lido Staked Ether (CRYPTO: STETH) also rose 13.4% at the same time, once again mirroring the price and performance of the underlying Ether coin. The iShares Ethereum Trust (NASDAQ: ETHA) may be lower-priced, trading at $17.60 per share instead of $2,341 per coin, but it still follows Ether’s every move.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

These tightly related investment vehicles had many reasons to rise. Let’s take a look at the three most important price-boosters.

The fuel for Ethereum’s fires

The most obvious price booster was a general feeling of relief across the cryptocurrency market. The American economy showed faint signs of recovery today, based on trade talks between Washington and London. This foundation of economic optimism lifted many altcoins sharply higher, but provided less support for the big names. Bitcoin, for example, only posted a 1.5% gain over the same period.

Ether and its Ethereum-based siblings had other growth drivers, though.

Image source: Getty Images.

The Ethereum blockchain got a long-awaited technology upgrade earlier this week. The Pectra upgrade is more than a quick bug-fixing release. As an important part of the Ethereum 2.0 redesign, Pectra boosted the Ethereum blockchain’s security and introduced several new features that simplify the development of Ethereum-based applications. Furthermore, it raised the limit of the number of coins that can be staked in a single account — making Ethereum easier to manage in large-scale investment accounts.

That’s still not all. The Coinbase Global cryptocurrency trading platform just introduced 24/7 trading of Bitcoin and Ethereum futures. It wasn’t exactly news, since Coinbase announced this plan when it bought the cryptocurrency options exchange Deribit in March, but it’s different when you finally see these bullish features in action.

Non-stop futures trading could help stabilize the Ethereum and Bitcoin markets in the long run, especially since a large name like Coinbase is running the service.

Can the Pectra upgrade change Ethereum’s gloomy narrative?

Ethereum has underperformed Bitcoin over the last year. Many crypto investors have abandoned this coin due to the rise of competing smart contract systems and a perceived lack of Ethereum innovation. Friday’s Pectra upgrade could change that narrative, as long as the Ethereum developer community continues to deliver significant technical improvements. The platform is still seen as slower and less efficient than Solana or Avalanche, for instance.

Time will tell how the blockchain-based programming market works out. Meanwhile, innovative bursts like the Pectra upgrade can remind investors that Ethereum is a serious cryptocurrency with a vibrant community. Whether you’re investing directly in Ether coins, in interest-generating Staked Ether tokens, or the lower-priced iShares Ethereum ETF, the long list of planned upgrades should deliver some shareholder-friendly returns over the next couple of years.

Should you invest $1,000 in Ethereum right now?

Before you buy stock in Ethereum, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ethereum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $617,181!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $719,371!*

Now, it’s worth noting Stock Advisor’s total average return is 909% — a market-crushing outperformance compared to 163% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of May 5, 2025

Anders Bylund has positions in Bitcoin, Coinbase Global, Ethereum, Solana, and iShares Ethereum Trust-iShares Ethereum Trust ETF. The Motley Fool has positions in and recommends Avalanche, Bitcoin, Coinbase Global, Ethereum, and Solana. The Motley Fool has a disclosure policy.

You Might Also Like

QQQ vs. VTI: Picking the Best ETF for Your Core Portfolio

Hedge Funds Scooped Up GOOG, META and AMZN in Recent Months

After $300M liquidations, BTC, ETH, XRP prices on edge as Trump speaks at Crypto Summit

How Does Bankruptcy Affect Your HELOC?

DOJ ends probe into T-Mobile’s $4.4 billion merger 2 days after the company committed to end DEI policies

Share This Article
Facebook X Copy Link Print
Share
Previous Article More than 100 vultures die in a mass poisoning in South Africa’s flagship national park More than 100 vultures die in a mass poisoning in South Africa’s flagship national park
Next Article European leaders arrive in Kyiv amid push for 30-day ceasefire European leaders arrive in Kyiv amid push for 30-day ceasefire

Latest News

Marcus Morris arrest: Brother Markieff confirms situation, agent claims issue stems from unpaid casino debt
Marcus Morris arrest: Brother Markieff confirms situation, agent claims issue stems from unpaid casino debt
Sports July 29, 2025
Chicago Cubs lose a franchise icon with the death of Ryne Sandberg
Chicago Cubs lose a franchise icon with the death of Ryne Sandberg
Sports July 29, 2025
Longtime Cubs star, Hall of Famer Ryne Sandberg dies after cancer battle
Longtime Cubs star, Hall of Famer Ryne Sandberg dies after cancer battle
Sports July 29, 2025
X-rays negative after Diamondbacks All-Star Eugenio Suárez gets hit on hand by a fastball
X-rays negative after Diamondbacks All-Star Eugenio Suárez gets hit on hand by a fastball
Sports July 29, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.