Ethereum has indeed crossed the $2,500 mark. According to the latest data, its current price is $2,497.54, representing a 3.62% increase. This surge is attributed to various factors, including ¹ ²:

- *ETF Momentum*: Growing interest in Ethereum ETFs is contributing to its price surge.

- *DeFi Activity*: Rising activity in decentralized finance (DeFi) is supporting Ethereum's growth.

- *Market Trends*: Bitcoin's dominance rate has declined, signaling potential capital rotation into altcoins like Ethereum.

After months of consolidation under $2,000, Ethereum's breakthrough above $2,500 is notable. However, bears point to strong resistance at $2,500 and warn of potential short-term pullbacks. Bulls, on the other hand, believe Ethereum is gearing up for a major run ².