As of May 11, 2025, Ethereum (ETH) is trading around $2,532, reflecting a 7% increase over the past 24 hours and a 38% gain over the past week. This surge follows the successful implementation of the Pectra upgrade, which enhances scalability and user experience. The upgrade, combined with increased institutional interest and positive market sentiment, has contributed to ETH's recent performance. Trading volumes have also risen, indicating strong investor engagement. Analysts suggest that if bullish momentum continues, ETH could target the $3,000 mark in the near term. However, market volatility remains a factor to watch.
