Vitalik Buterin Gave a Date for the Next Ethereum Rise! - Analyst Explained the Level to be Passed for ETH's Rise!

Ethereum co-founder Vitalik Buterin made statements about the upcoming Pectra upgrade. At this point, Buterin shared exciting details, stating that Ethereum is preparing for the next major upgrade Pectra, planned to be released in March.

Buterin, who shares from the X account, said that the upcoming Petra hard fork could double the capacity of layer-2 networks and allow Ethereum to process more transactions smoothly, reduce congestion and fees. Vitalik stated that this would be achieved by increasing the blob target from 3 to 6.

Buterin also stated that the Spectra upgrade is expected to take place in March, and that developers are working on improving client efficiency to support higher gas limits while maintaining decentralization.

Pectra, which is expected to be released in March, will double the capacity of L2s by increasing the blob target from 3 to 6.

I think we should also make the blob target staker vote, so the response rate to technological developments can increase without waiting for hard forks.

L1 is scaling.

A big shoutout to all the developers working on EIP-4444 (history expiry), statelessness (see the new binary tree EIP! ), client efficiency upgrades, and other features that will make higher L1 gas limits decentralization-friendly.

— vitalik.eth (@VitalikButerin) February 4, 2025

Buterin made important statements about the Ethereum Pectra upgrade, after the recent market downturn, ETH surged from 2,300 to over 2,900, supported by US President Donald Trump's customs duty plans and state asset fund news. However, ETH, which then declined again, fell to the 2,700 dollar levels.

What Does Ethereum (ETH) Price Await?

Ethereum is facing declines, popular analyst Ali Martinez said that a potential head and shoulders pattern is forming for Ethereum.

According to Martinez, ETH must stay above the critical level of $2,700 to maintain its upward structure. Martinez said, "For the upward structure not to be disrupted and for the chance to reach $7,000, Ethereum needs to hold above $2,700!"