The Upcoming Pectra Upgrade for Ethereum

$ETH has been struggling significantly to move its price to the expected market target, even as other coins have shown substantial movement over the past few weeks.

This price stagnation has been disappointing for $ETH holders for months, as they were anticipating significant movement from Ethereum due to the approval of ETH Spot ETFs. Examples include the BlackRock Ethereum Spot ETF, the Grayscale Ethereum Trust (ETHE), and others.

On the other hand, Ethereum's upcoming upgrade, ‘Pectra,’ is going live in March 2025. 

This upgrade is expected to bring numerous improvements to $ETH, particularly enhancing the user experience on the chain.

What are the details of the upgrade?