Ethereum Pectra Upgrade Success，Will Vitalik’s China Push Lift ETH Price?

Consensus Layer Meeting Highlights

On May 18, 2025, a summary from @ralexstokes regarding the 157th Ethereum Consensus Layer Core Developers Meeting (ACDC) revealed several key updates:

1. Pectra Upgrade:

   1. Successfully completed, with technical feedback from various teams.

   2. The initiative known as “Pectra Pages” remains open for community input, encouraging broader engagement.

2. Pari Analysis:

   1. Teams are analyzing the impact of increased blob data, with detailed reports underway.

3. Fusaka Progress:

   1. The peerdas-devnet-7 is now stable, and client teams are focusing on developing BPO support. The target for launching fusaka-devnet-0 is May 26.

   2. Discussions on validator custody specifications are ongoing asynchronously on Discord.

4. ACD Meeting Restructuring:

   1. Tim Beiko proposed restructuring the ACD meetings to better align with Ethereum’s development cycles.

   2. ACDT meetings will focus on the current fork (N), while ACDE/C will address the next fork (N+1). This aims to involve the broader community earlier in the proposal process and establish a tracking mechanism for EIPs from proposal to mainnet deployment.

   3. Marchill suggested creating a new ACD forum to enhance community participation.

Vitalik Buterin Engages with Chinese Developers

According to Cointelegraph's reports, Vitalik Buterin connected with Chinese developers to discuss Ethereum’s future. This follows ongoing efforts by the Chinese blockchain community to encourage Vitalik and the Ethereum Foundation to strengthen ties with China.

Dr. Xiao, Chairman of HashKey Group, recently urged Vitalik to reduce the Ethereum Foundation’s distance from China. He emphasized the importance of leveraging the country’s vibrant developer ecosystem to drive Ethereum's innovation and adoption globally.

Ethereum Market Trends: Supply Drops as Price Climbs

Recent market data indicates that over 1 million ETH, accounting for 5.5% of the total supply, has been withdrawn from exchanges within a month. This significant outflow suggests that users are accumulating ETH rather than trading it, particularly in the wake of the Pectra upgrade.

It is possible that ETH holders are positioning themselves for long-term gains rather than short-term trading. This trend may reflect growing investor confidence in Ethereum’s post-Pectra roadmap, particularly around scalability, staking incentives, and reduced sell pressure.

Looking Ahead

Ethereum’s continued development and reduced exchange supply signal strong fundamentals. With the successful completion of the Pectra upgrade and ongoing community engagement, Ethereum is well-positioned to lead the next wave of blockchain innovation. Many investors are optimistic about ETH setting new all-time highs in the coming months.