Ethereum (ETH) may be on the verge of a major rally, with potential gains of nearly 70% that could bring it close to its all-time high. Crypto analyst Guy Turner, the host of Coin Bureau, recently told his 2.53 million YouTube followers that the upcoming Pectra upgrade, expected in 2025, might be the key to Ethereum’s next big move.
The Pectra upgrade, a two-part hard fork, aims to boost Ethereum’s speed, scalability, and usability. According to Binance, it will enable users to pay gas fees with multiple digital assets, offer better rewards for large validators, and improve the Ethereum Virtual Machine (EVM). These changes could make Ethereum more attractive to institutional investors. “ETH has been desperate for a breakout for quite some time. This could be the spark it needs,” Turner shared.
Ethereum is currently trading at $2,902, up 2% today. To return to its November 2021 peak of around $4,900, Ethereum would need to gain about 68% from its current value.
Turner’s outlook aligns with a recent prediction by Standard Chartered, which forecasts that the total digital asset market could grow fourfold by the end of 2025, thanks to expected regulatory changes and increased mainstream adoption. Another analyst, Ali Martinez, is also optimistic, with a strategy targeting ETH at $6,000.
These projections come at a time when the Bitcoin Act—a proposed U.S. policy to recognize Bitcoin as a strategic reserve asset—is adding more buzz to the market, fueling hopes for a new wave of growth in the crypto sector.
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