Shiba Inu (SHIB) is down 1% in 24 hours, extending the ongoing correction after bulls faced rejection at $0.0000159 over the weekend. However, technical analysis and two on-chain metrics hint at an incoming 43% Shiba Inu price surge to $0.000021. Catalysts That May Drive a 43% Shiba Inu Price Rally to $0.000021 Like most meme coins, Shiba Inu tends to track Bitcoin’s price movements. At press time, BTC had shed 0.7% of its value, which explains the ongoing downtrend in SHIB price. However, with the market sentiment still in “greed” territory, SHIB has room to recover. The main catalysts that will drive this recovery include: Bull flag pattern teases 43% surge Social volumes explode by 155% Network profit/loss ratio signals a SHIB bottom Bull Flag Pattern Teases 43% Surge A bull flag pattern has emerged on Shiba Inu’s daily price chart. This pattern occurred as the price of Shiba Inu… Read More at Coingape.com
As developers await further testing results from the Hoodi testnet, the highly anticipated Ethereum Pectra mainnet upgrade, initially slated for April 2025, has been delayed.
This decision came during Ethereum’s All Core Developers Consensus Call (ACDC) #153 on March 20. It reflects the development team’s cautious approach to ensuring a smooth and stable upgrade process.
Hoodi Testnet to Determine Pectra Timeline
During the call, Ethereum’s core team reviewed the progress of Pectra.
Instead of confirming a mainnet date, they opted to monitor the upgrade’s performance on Hoodi, a newly launched testnet designed to assess Pectra’s stability. This is unsurprising, as Ethereum Protocol Support Lead Tim Beiko recently hinted as much. He noted the scheduling of Pectra Upgrade at least 30 days after Hoodi forks successfully.
“…Pectra will be scheduled 30+ days after Hoodi forks successfully, pending infra and client testing. Fusaka planning will run in parallel, with a deadline of March 24 to propose EIPs, and a tentative date of April 10 for a scope freeze,” Beiko explained.
Therefore, the delay is not entirely surprising, reflecting developers’ cautious approach to ensuring a smooth transition.
Ethereum Developers’ Consensus Layer Meeting 153 for Pectra Upgrade
The main reason for postponing the upgrade is the need for thorough testing. Developers use Hoodi to simulate real-world conditions and identify potential issues before activating Pectra on the mainnet.
The upgrade will go live on Hoodi on March 26, with developers observing its performance before deciding on the mainnet release.
Another factor influencing the delay is History Expiry, a planned cleanup process set to go live on May 1. This change, linked to Ethereum Improvement Proposal 6110 (EIP 6110), affects the handling of validator deposit history on Ethereum.
Since Pectra plays a key role in this process, the delay also compels the postponing of History Expiry. Developers are now reconsidering the timeline for implementing this change.
For now, the priority is to ensure a successful Pectra test on Hoodi, which is better than the Sepolia testnet. If testing goes smoothly, developers could move forward to set a mainnet launch date. However, they could extend the timeline further if necessary.
“Sepolia’s Pectra upgrade hit a snag because a node didn’t upgrade in time—sounds trivial, but it’s a reminder: Ethereum’s decentralization is only as strong as its weakest operator. If one forgotten node can delay an upgrade, imagine what happens when real money is on the line,” one user quipped.
At the same time, discussions about Ethereum’s next major upgrade, Fusaka, are underway. Developers are considering additional improvements for inclusion in future updates. This would ensure that Ethereum continues to grow and maintain its leadership in the blockchain space.
Although the Pectra delay is temporary, developers emphasize that thorough testing is essential to avoid unexpected issues.
The Ethereum community will have to wait a little longer, but the upgrade remains a top priority. A final decision on the mainnet launch date is due in the coming weeks.
Ethereum price surges past $2,000 as Trump’s trade deal and Pectra upgrade ignite bullish momentum across the crypto and global markets.
Ethereum Price Surges Past $2,000 on Trump-Driven Market Optimism
Ethereum price surged above $2,000 on Thursday to hit a 120-day peak, boosted by multiple bullish macro pointers. ETH now trades around $2,000 with a 10% daily gain, outpacing Bitcoin’s 3% rally which saw gains capped just below the $101,000 level at press time.
Ethereum Price action, May 8, 2025 | Coingecko
This divergence in ETH price and BTC performance can be attributed to unique internal dynamics within the Ethereum network updates and Trump’s trade deals igniting optimism across global financial marketrs.
Why is Ethereum Price Outperforming Bitcoin Today?
Ethereum has outperformed Bitcoin in the last 24 hours due to a convergence of two powerful tailwinds.
On the macro front, Trump announced a landmark trade deal with the UK, boosting global market confidence. He also signaled more trade agreements are underway, while authorities in China also confirmed talks with the Trump administration over ongoing tarrifs.
Simultaneously, the Ethereum network underwent its long-awaited Pectra upgrade, leading to a rare situation where centralized exchanges such as Coinbase and Binance paused ETH withdrawals. This temporary freeze limited retail sell pressure precisely when bullish momentum returned to the market, creating a supply squeeze that pushed ETH ahead of Bitcoin.
The Pectra upgrade success, last week, Vitalik Buterin introduced a comprehensive roadmap aimed at fixing Ethereum’s key limitations within five years. This followed internal leadership changes at the Ethereum Foundation, signaling a renewed push for institutional-grade scalability and decentralization.
The timing of these developments, Pectra’s implementation, bullish macro news, and internal network confidence, has created a unique alignment propelled Ethereum price gains over Bitcoin during the market rally on Thursday.
Ethereum Tokens to Watch as Traders Bet $1.8 Billion on Trump’s Trade Deal and Ethereum Upgrades
Coingecko’s data shows that Ethereum ecosystem tokens attracted over $1.8 billion in trading volume over the last 24 hours, withe aggregate market cap approaching the $55 billion mark.
The standout performers are:
PEPE surged 17.0% to $0.00006, propelled by memecoin momentum and a resurgence in whale accumulation patterns.
Virtuals Protocol (VIRTUAL) advanced 21.0% to $1.62, buoyed by speculative inflows targeting emerging DeFi infrastructure projects.
Chainlink (LINK) climbed 9.4% toward the $15 mark, supported by rising cross-chain transactions, demand for tokenized assets and increased investor attention due to its association with Trump-backed Word Liberty Financial (WLFI).
AAVE rallied 10.6% to break above $187, signaling revived institutional appetite for Ethereum-based lending and borrowing protocols.
Beyond market catalysts, US domestic policy took a favorable turn for crypto. In the last 24 hours, Arizona, Oregon, and New Hampshire passed state-level cryptocurrency investment bills, offering legal clarity for retail and institutional investors.
Ethereum price forecast today: What’s Next after $2,000 breakout?
Ethereum price breakout above the psychologically significant $2,000 mark on Thursday signals a decisive shift in market momentum.
The 14.49% daily gain combined with risk volume confirms strong bullish participation, with the candlestick clearly breaching the upper Bollinger Band—a sign of heightened volatility and aggressive buyer control. This move decisively pulls ETH out of its prior consolidation range, where price had been coiling between $1,800 and $1,900 for nearly three weeks.
Ethereum price forecast today
Importantly, the Relative Strength Index (RSI) has surged to 73.07, placing Ethereum in technically overbought territory. However, overbought RSI levels during early-stage breakouts often validate strength rather than suggest immediate reversal, particularly when supported by strong volume and fundamental catalysts as obsereved in the past week.
The middle Bollinger Band (near $1,786) now serves as a dynamic support, reinforcing the breakout’s structural integrity.
A weekly close above this level may open the path toward $2,250. On the flip side, any pullback below $1,900 would suggest a failed breakout and invite profit-taking pressure.
Payment giant PayPal has announced the addition of Chainlink (LINK) and Solana (SOL) to its cryptocurrency offerings. As the payment behemoth increases its crypto footprint, PayPal and Venmo users can buy, sell, and hold LINK and SOL in their accounts.
PayPal Expands Crypto Offering With SOL and LINK
According to an official press release, PayPal has announced the expansion of its suite of cryptocurrencies with two new tokens. The payment giant confirmed the addition of Chainlink and Solana to its offerings, signaling increased confidence in Web 3 solutions.
Per the statement, the offering will extend beyond PayPal and include its subsidiary Venmo. Users of Venmo and PayPal in the US will be able to purchase, hold, transfer, and sell both SOL and LINK with their accounts.
May Zabaneh, Paypal’s VP for Digital Currencies revealed that expanding its cryptocurrency offerings was an obvious choice for the company. Zabaneh disclosed that feedback from users confirmed the need to allow consumers to interact with SOL and LINK.
“Offering more tokens on PayPal and Venmo provides users with greater flexibility, choice, and access to digital currencies,” said Zabaneh.
With the addition of SOL and LINK, PayPal supports seven cryptocurrencies on its platform. The firm waded into cryptocurrencies back in 2020 starting with Bitcoin (BTC) and Ethereum (ETH) offerings for consumers. Early successes saw it expand to Litecoin (LTC) and Bitcoin Cash (BCH) before launching its stablecoin PayPal USD(PYUSD).
Institutional adoption for SOL is rising with Polymarket integrating Solana by enabling SOL deposits. Chainlink is riding its wave of partnerships and integrations with institutional and enterprise utility at the core.
Why Did The Payment Giant Choose SOL and LINK?
PayPal’s decision to expand to SOL and LINK flows from their inherent capabilities and massive adoption figures. According to the statement, PayPal sees Chainlink as a key player in cross-chain interoperability while describing Solana as a “leading blockchain platform.”
Both SOL and LINK are in the top 11 cryptocurrencies by market capitalization with a combined valuation of over $80 billion. Chainlink’s ADGM partnership to build tokenization frameworks in the UAE is the latest high-profile play for the Web 3 infrastructure platform.
Furthermore, the company says the decision underscores the company’s cryptocurrency-facing ambitions in recent years. PYUSD has its sights on challenging USDT and USDC dominance with PayPal neck-deep in cryptocurrencies.
“The addition of LINK and SOL reflects the company’s dedication to the evolving digital currency landscape and fostering greater accessibility and engagement in the cryptocurrency market,” read the statement.
Apart from PayPal and Polymarket, BlackRock’s BUIDL has launched on Solana in a strong case for institutional adoption. Both SOL and LINK have reacted positively to the announcement, rising 5.42% and 1.37 respectively.
