#ETHCrossed2500 Ethereum has officially crossed the $2,500 milestone, briefly touching it before pulling back to the $2,470-$2,480 range. The current price is around $2,524.18, with a 4.43% increase. This surge is attributed to several factors, including ¹ ²:
- *ETF Momentum*: Growing interest in Ethereum ETFs, with multiple applications pending SEC approval
- *Rising DeFi Activity*: Total Value Locked in Decentralized Finance has increased by 4.7% week-over-week to $63.2 billion
- *Institutional Demand*: Increasing interest from institutional investors, with some predicting a rise to $3,000
However, bears warn of strong resistance at $2,500, potentially triggering a short-term pullback. Some forecasts suggest a slight decline to around $2,291 by May 17, 2025. Analysts also predict a potential rise to $2,600 in the coming days, driven by bullish momentum ².
*Key Price Levels to Watch:*
- *Resistance*: $2,600
- *Support*: $2,300
*Market Sentiment:*
- Bulls believe ETH is gearing up for a major run
- Bears warn of potential short-term pullback
*What's Next?*
The outlook for Ethereum remains cautiously optimistic, with traders closely watching key resistance levels and market developments ².
