#ETHCrossed2500 Ethereum (ETH) has indeed crossed the $2500 mark. According to the latest data, its current price is $2542.72, with a 7.27% increase over the last day. This surge is likely due to the recent Pectra upgrade, which introduced features aimed at improving user experience, staking efficiency, and scalability.

Some key market metrics for Ethereum include ¹ ²:

- *Market Capitalization*: $285.89 billion

- *24-Hour High*: $2608.13

- *24-Hour Low*: $2351.15

- *Trading Volume*: $27.55 billion (in the last 24 hours)

The price surge is also attributed to increased buying pressure from investors on the spot market, with Ethereum's exchange reserve plunging by nearly 180,000 ETH in the past 24 hours. Institutional investors, such as Abraxas Capital, have also been accumulating ETH, withdrawing 138,511 ETH from exchanges Binance and Kraken in the past two days ³.

Analysts predict Ethereum could surge past the $2,500 and $2,850 key levels if its technical indicators on the weekly chart flip bullish. However, a weekly candlestick close below $1,680 could invalidate the bullish thesis and send ETH toward the key support near $1,400 ³.