#ETH突破2500 • Technical Upgrade: On May 7, Ethereum completed the Pectra upgrade, introducing higher staking limits, account abstraction (EIP-7702), and other features, enhancing network efficiency and user experience, boosting investor confidence.

• Market Sentiment and Capital Inflows:

◦ Short Squeeze: Starting May 8, a large-scale unwinding of short positions occurred in the Ethereum futures market, with a liquidation amount reaching $437.94 million, driving prices further up.

◦ Whale Accumulation: Addresses holding over 10,000 ETH have been continuously accumulating since late April, reaching the highest holding level since March 2025.

◦ Institutional Participation: Institutions related to Trump, such as World Liberty Financial, purchased $3.5 million in ETH, sending positive signals.

• Macroeconomic Environment: International events such as the tariff agreement between the UK and the US have eased market risk appetite, leading to capital inflows into the cryptocurrency sector.