#ETHCrossed2500

As of now, May 11, 2025, at 14:43 WIB, the price of Ethereum (ETH) is above $2500. This indicates a positive market sentiment towards ETH in the short term.

Some brief points:

1. Significant increase: ETH has seen a substantial rise in recent days, even recording the highest daily increase in the last four years on May 9, 2025.

2. Bullish sentiment: Several technical indicators such as the formation of a golden cross on the hourly and 4-hour charts indicate potential short-term bullish momentum. The weighted sentiment for ETH has also reached its highest level since May 2024.

3. Resistance: The key resistance levels to watch are around $2500 and $2850. A breakout above these levels could trigger a more significant recovery.

4. Driving factors: Some factors that may drive the price increase include positive sentiment from the potential Pectra upgrade, as well as broader cryptocurrency market sentiment following Bitcoin's movements.

5. Volatility: It is important to remember that the cryptocurrency market is highly volatile, and price corrections can occur at any time.

Conclusion:

Surpassing $2500 is a positive signal for Ethereum in the short term. However, it is crucial to monitor resistance levels and overall market developments to understand potential future price movements.