#ETHCrossed2500

I believe what happened can be considered a real breakthrough and not just a "fakeout," especially if Ethereum stabilizes above the $2500 level for several days with an increase in trading volume.

Reasons supporting the possibility of rising towards $4000:

Momentum around ETF funds: After the approval of Bitcoin ETF funds, it makes sense that optimism around Ethereum would increase, raising institutional demand for it.

DeFi and L2 activity: The increased use of Ethereum in decentralized applications and Layer 2 solutions like Arbitrum and Optimism enhances its fundamental value.

Technical analysis: Breaking through a strong resistance that has stood for a long time usually paves the way for a broad upward movement, and the next target after $2500 is often $3000, then $3500 to $4000.

Economic environment: If investor confidence continues to improve and global market volatility calms down, it enhances the chances of continued upward movement.

But at the same time, one should be cautious of short-term corrections, as they are always expected on the way to any strong rise.