#ETHCrossed2500 The hashtag **#ETHCrossed2500** references Ethereum (ETH) surpassing the $2,500 price mark, a milestone highlighted in recent discussions following the **Pectra Upgrade** on May 7, 2025. Here’s a breakdown of key insights from the search results:

1. **Post-Upgrade ETH Burn and Scarcity**:

The Pectra Upgrade has triggered a significant burn rate of ETH tokens, increasing scarcity—a factor historically correlated with price appreciation. Analysts like Ted Pillows suggest this could signal bullish momentum for Ethereum’s market value .

2. **Current Price Action**:

As of the latest update (5 hours before publication on May 11, 2025), ETH was trading **above $2,534**, despite minor market corrections. This aligns with the hashtag’s focus on crossing the $2,500 threshold .

3. **Macroeconomic Catalysts**:

Pillows also ties Ethereum’s strength to broader financial trends, including expectations of **Federal Reserve rate cuts** and **quantitative easing** in late 2025. Such policies often boost risk-on assets like cryptocurrencies .

4. **Market Sentiment**:

The upgrade and price surge have fueled optimism about an upcoming **altcoin season**, with traders actively monitoring ETH’s performance against USDT and other pairs .

For real-time updates, you can track ETH/USDT trading pairs or follow the #PectraUpgrade hashtag for further analysis. The burn mechanism and macroeconomic tailwinds appear to be central drivers behind ETH’s current trajectory .