On May 11, 2023, ETH broke through $2500. According to PANews, the OKX market shows that when ETH surpassed $2500, it was reported at $2504.84 per coin, with a daily increase of 2.95%.

The recent rise in ETH prices may be related to the technical upgrades implemented by Ethereum. On May 7, Ethereum successfully implemented the Pectra upgrade, which introduced a series of key technical improvements, including a higher staking limit and account abstraction (EIP - 7702 standard).