#ETHCrossed2500

Ethereum has officially crossed $2,500, a significant milestone for the cryptocurrency. Here's the current market status:

- *Current Price*: $2,504.72

- *Open Price*: $2,411.56

- *High Price*: $2,608.13

- *Low Price*: $2,375.24

- *Percent Change*: 3.86%

Analysts attribute this surge to various factors, including ¹ ²:

- *ETF Momentum*: Growing interest in Ethereum ETFs, with multiple applications pending SEC approval

- *Rising DeFi Activity*: Increased adoption of decentralized finance applications and growing Total Value Locked (TVL) in DeFi, currently at $63.2 billion

- *Institutional Demand*: Growing interest from institutional investors, potentially driven by Ethereum's scalability improvements and upcoming upgrades

Some predictions suggest Ethereum could reach $3,000, while others anticipate a short-term pullback due to strong resistance at $2,500. Key resistance levels to watch are around $2,600, with support near $2,300 ¹.