#ETHCrossed2500

Ethereum (ETH) is currently trading at $2,482.42, with a 6.58% increase in the last 24 hours. Although it hasn't crossed $2,500 yet, it has shown significant growth, driven by increased buying pressure from investors on the spot market. This surge is likely due to the recent Pectra upgrade, which went live on the Ethereum mainnet, introducing features for improved user experience, staking efficiency, and scalability.

*Key Factors Influencing Ethereum's Price:*

- *Pectra Upgrade*: The upgrade's activation on the mainnet has positively impacted ETH's price, drawing in more investors.

- *Spot Market Buying*: A net withdrawal of 180,000 ETH from exchanges indicates strong buying pressure from crypto-native investors.

- *Technical Indicators*: Ethereum's Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are nearing bullish levels, potentially pushing ETH past $2,500 and $2,850.

*Resistance Levels:*

- $2,500: Strengthened by the 100-week Simple Moving Average (SMA)

- $2,850: A potential target if technical indicators flip bullish

Keep an eye on Ethereum's price movement, as it may continue to surge if the bullish trend persists.