#ETHCrossed2500 What an exciting rise! After months of trading below the $2000 level, Ethereum has finally managed to surpass the $2500 barrier, briefly touching this figure before settling slightly in the range of $2470-$2480.
This strong movement raises many questions about whether this is a real breakout or just a temporary spike. However, there seem to be several factors supporting the continuation of this upward momentum:
* Strong momentum for ETFs: There is significant anticipation for the launch of Ethereum ETFs, which could attract more institutional investments.
* Increased activity in decentralized finance (DeFi): The Ethereum protocol is seeing significant growth in decentralized finance applications, increasing demand for ETH.
* Core network improvements: Ongoing developments in the Ethereum network, such as the recent Pectra upgrade, are enhancing performance and scalability.
* Positive technical indicators: Many technical indicators have begun to show positive signs, suggesting the potential for an upward trend to continue.
Currently, Ethereum is trading at around $2490, with an increase of 6.34% over the past 24 hours. It reached a daily high of $2497.42 and a low of $2319.69.
If this momentum continues, the next levels that traders are watching are $2800 and $3000. However, it is always important to do your own research and assess risks before making any investment decisions.
