Odaily News According to official news, the Ethereum Pectra upgrade will be carried out at 3:05 am Pacific Time on May 7 (18:05 Beijing Time on the same day). To ensure the safety of user funds, Coinbase will suspend Ethereum deposits and withdrawals during the upgrade from 17:50 to 18:45 Beijing Time. At the same time, new pledge requests will resume processing after 18:45, and existing pledge positions will not be affected.