#ETHCrossed2500 refers to Ethereum (ETH) surpassing $2,500. This is a significant achievement after months of consolidation below $2,000. Currently, the price of Ethereum is $2,502.50, with a market capitalization of $290.46 billion.

*What is driving the price of Ethereum?*

- *ETF Momentum*: The pending approval of Ethereum ETFs could further boost the price.

- *DeFi Activity*: The growing adoption of decentralized applications and the expansion of DeFi and NFT ecosystems on Ethereum are generating increased interest.

- *Institutional Interest*: The rise of institutional investment in Ethereum is contributing to its growth.

*Predictions and outlook*

- Some analysts predict a potential rise to $3,000, while others anticipate a pullback to $2,400.

- The Pectra upgrade, which enhances scalability and user experience, has generated confidence among investors.

- Traders should remain alert to potential volatility and monitor key resistance levels around $2,600 and support near $2,300.