• Ethereum burns 38,000 ETH in 24 hours after the Pectra upgrade.
• ETH becomes deflationary again, fueling strong market optimism and investor interest.
• Price surges past $2,400, marking the biggest daily gain since the ETF approval.

Ethereum — ETH, is reigniting investor excitement—and this time, the flames are real. The Pectra upgrade triggered a firestorm in the ecosystem. Over 38,000 ETH burned in 24 hours. That’s not symbolic—it’s deflation in action. Ethereum jumped 23% within a day, soaring to $2,411. For the first time in months, Ethereum feels alive again. The market can sense it. Scarcity is back, and confidence follows closely behind.

Pectra Upgrade Flips the Switch on ETH Supply

Ethereum’s Pectra upgrade came loaded with powerful changes. It focused on better staking and smoother interactions. But one feature overshadowed the rest—Ethereum’s supply started shrinking again. Burning tokens reduces the circulating supply. That’s basic economics. When less of something exists, each unit becomes more valuable. Pectra set that in motion fast. Over 38,000 ETH disappeared in just 24 hours.

The burn reignited belief in Ethereum’s long-term value. The market responded without hesitation. Ethereum blasted through resistance, closing above $2,400 for the first time in weeks. Trading volume surged. Investor sentiment flipped from neutral to euphoric in a flash. Social feeds lit up with price targets and bullish charts. Ethereum’s 23% spike marked the largest single-day gain since ETF rumors made headlines. The price action stunned analysts.

Ethereum Positions for a Market Comeback

Many had doubted Ethereum’s ability to rally independently. Pectra proved them wrong. Technical indicators supported the breakout. RSI pushed toward 78, reflecting growing strength without screaming overbought. The MACD flashed green, signaling strong upward momentum. Fifteen key metrics pointed to a “strong buy.” Only two suggested caution. The rest is neutral. Now, ETH isn’t the same sluggish asset from Q1.

Ethereum’s price now sits above $2,200—a level not seen in two months. Traders see this as more than a price jump. It’s a shift in narrative. Ethereum had trailed behind Bitcoin for over a year. But now Ethereum leads the charge. Institutions noticed. Whale wallets moved fast. On-chain data showed large-scale accumulation. The top altcoin regained investor trust overnight. This surge isn’t just hype—it’s structure.

The burn rate shows Ethereum can sustain scarcity. If demand continues rising, price must follow. Analysts now watch $2,550. A breakout there could pave the way to $3,000 and beyond. Ethereum now carries the torch again. Investors see strength, scarcity, and momentum. Pectra update seems to have rewritten Ethereum’s story. The burn rate says it all—Ethereum isn’t inflating anymore. Ethereum is tightening supply. That’s a bullish signal the market can’t ignore.

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