ETH Price Prediction – Can the Pectra Upgrade Push the Leading Altcoin to $14,000 in 2025?

As of January 24, 2025, Ethereum (ETH) is trading at $3,311.37. Over the past week, ETH has surged by 15%, driven by growing excitement surrounding the upcoming Pectra upgrade.

The price of ETH has increased by 15% over the past week. This surge is largely attributed to the upcoming Pectra upgrade, which is set to introduce a new consensus mechanism that will reduce energy consumption by up to 30%, in addition to improving transaction speeds.

The upgrade will also introduce a novel “shard chaining” method, which will allow the Ethereum network to process multiple transactions simultaneously, thus drastically reducing congestion and lowering gas fees.

From a technical perspective, Ethereum is currently testing key support levels around $3,200. A sustained break below this level could signal further downside potential. Conversely, resistance is near the $3,500 mark.

The Relative Strength Index (RSI) is hovering around 45, indicating a neutral market sentiment. The Moving Average Convergence Divergence (MACD) is also neutral, suggesting indecision among traders.

A crypto analyst from Bullish Traders noted that ETH, after a corrective move following rejection from the 4,100 resistance, has bounced off a key price reversal zone.

They expect ETH to break out from its current trend line, targeting 3,850 as the first level, with a potential move toward 4,840 as the main resistance zone.

Moreover, BillyTheTarters highlights that Ethereum ($ETH) is showing strong bullish momentum, with a double-bottom reversal pattern forming on the weekly chart.

Can PlutoChain Bring Major Upgrades to Bitcoin’s Blockchain with Smart Contracts and L2 Features?

PlutoChain ($PLUTO) is developing a Layer-2 solution that aims to enhance Bitcoin’s capabilities, particularly by adding smart contracts and decentralized applications (dApps).

Bitcoin’s 10-minute block time has long limited its potential, making it less ideal for more complex applications compared to networks like Ethereum or Solana, which offer faster transaction speeds.

PlutoChain offers block time of just two seconds on its own L2 chain.

This enables developers to build high-performance dApps while still leveraging the strong security of the Bitcoin network.

Initial testnet results show over 43,200 transactions per day, which bodes well for its scalability and readiness for real-world use.

Another key aspect of PlutoChain is its governance model, which gives the community a say in protocol updates. This approach ensures that the platform remains decentralized and responsive to users’ needs.

Furthermore, the project has been audited by several reputable firms, including SolidProof, QuillAudits, and Assure DeFi, adding an extra layer of trust in its security and design.

Finally, PlutoChain is designed to be compatible with the Ethereum Virtual Machine (EVM).

By combining the security of Bitcoin with the versatility of Ethereum, PlutoChain could open doors to new possibilities in decentralized finance (DeFi), NFTs, and even artificial intelligence (AI).