#ETHCrossed2500 Ethereum has reached a significant milestone by crossing the $2,500 mark, with its current price at around $2,578.49, reflecting a 10.16% increase. The successful implementation of the Pectra upgrade has contributed to this surge, enhancing user experience, staking efficiency and scalability.

*Key Factors Driving the Surge:*

- *Pectra Upgrade*: Improves staking efficiency, validator operations and scalability for Layer 2 solutions

- *Increased Buying Pressure*: Ethereum's exchange reserve dropped by nearly 180,000 ETH in 24 hours, indicating strong demand

- *Market Optimism*: Positive macroeconomic news and investor sentiment shift towards cryptocurrencies

*Future Price Movement:*

- *Resistance Levels*: Breaching $2,620 could confirm a bull phase, targeting $3,500

- *Bullish Momentum*: A firm cross above $2,850 could strengthen upward momentum

- *Potential Obstacle*: Investor profit-taking behavior, with $27.8 billion worth of ETH between $2,493-$2,915, might limit the upward trend ¹