Current Situation:

* As of today, May 11, 2025, Ethereum (ETH) has indeed crossed the $2,500 level. Some sources indicate it briefly touched $2,500 and even went higher to around $2,512.

* However, the price seems to be fluctuating. Some data shows a slight decrease in the last 24 hours, while others show an increase of around 5-6%.

* The current price is hovering around the $2,500 - $2,527 range.

* There is strong bullish momentum and high trading volume.

Recent Price History:

* Ethereum has seen a significant upward trend recently.

* Compared to a week ago, the price is up by a substantial margin (around 27% to 38%).

* Over the past month, the increase is even more significant, ranging from 44% to 65% according to different sources.

* However, when looking at the past year, the price is still down by around 12% to 20%.

* Ethereum's all-time high was around $4,700 - $4,800 in November 2021.

Potential Factors for the Price Increase:

* ETF Momentum: The anticipation and potential approval of Ethereum ETFs are likely contributing to positive market sentiment.

* Rising DeFi Activity: Increased activity in the Decentralized Finance (DeFi) space often has a positive impact on Ethereum's price, as many DeFi applications are built on the Ethereum blockchain.

* Technical Factors: Bullish technical indicators, strong volume, and a break above previous resistance levels suggest continued upward momentum in the short term.

Price Predictions:

* Short-term predictions are generally bullish, with some analysts suggesting a potential move towards $2,600 or even higher if it holds above certain support levels (e.g., $2,460).

* Some predictions suggest that if Bitcoin continues its upward trend and breaks the $100,000 resistance, select altcoins, including Ethereum, could also move higher.

* One analysis suggests that historical patterns indicate Ethereum could be heading towards $3,000 in the coming months.