Ethereum futures premium hit a nearly one-year low, and the Pectra upgrade will be a key turning node.

According to Jincai Finance and reported by Cointelegraph, the premium on Ethereum futures has reached its lowest point in nearly a year, and traders see it as a bottom signal, suggesting that the market may be on the verge of a turning point. At the same time, with only a few weeks left until the Ethereum Pectra upgrade, investors need to focus on two major innovations: optimization of base layer transaction fees and enhancement of end-user experience. If the upgrade can significantly strengthen the network’s competitiveness, ETH may regain its leadership position in the altcoin market. Before that, the market will continue to maintain a weak and oscillating pattern.