Ethereum has indeed crossed the $2,500 mark, briefly touching this milestone before pulling back to the $2,470-$2,480 range. Currently, the price stands at $2,492.10, representing a 3.23% increase. Bulls believe Ethereum is gearing up for a major run, driven by ETF momentum and rising DeFi activity. However, bears warn of strong resistance at $2,500 and potential short-term pullbacks ¹ ².