#ETHCrossed2500 Ethereum (ETH) has indeed crossed the $2,500 mark, with its current price sitting at $2,527.30. This surge is likely driven by increased buying pressure from spot market investors, who have withdrawn a net of 180,000 ETH from exchanges. The recent Pectra upgrade, which went live on May 7, may also be contributing to the positive sentiment.

*Key Factors:*

- *Price Movement*: ETH has jumped nearly 30% from $1,800 to test the $2,500 key resistance level.

- *Market Sentiment*: The Weighted Sentiment indicator has soared to 5.2, its highest since May 2024, indicating a strong bullish sentiment.

- *Technical Indicators*: The Relative Strength Index (RSI) has crossed above its moving average line and is testing its neutral level, while the Moving Average Convergence Divergence (MACD) is also testing its moving average line and neutral level .

*Resistance Levels:*

- *$2,500*: A key resistance level strengthened by the 100-week Simple Moving Average (SMA).

- *$2,850*: The next major resistance level to watch, potentially leading to a significant price surge.

*Outlook:*

Analysts predict that if ETH clears these resistance levels, it could stage a major recovery toward the upper boundary of a key congestion pattern. However, a weekly candlestick close below $1,680 would invalidate the bullish thesis and send ETH toward the key support near $1,400.