#ETHCrossed2500 After months stagnating below $2,000, ETH has surpassed the $2,500 mark, briefly reaching $2,600 before stabilizing around $2,540. This surge has been driven by several key factors:

1. Pectra Upgrade: On May 8, Ethereum completed its most significant upgrade since the merger in 2022. This improvement reduces transaction costs by approximately 20% and increases the staking limit per validator, which could attract more institutional participants.

2. Institutional Interest: On May 9, Ethereum ETFs recorded a net inflow of $17.6 million, reflecting renewed interest from institutional investors.

3. Growth in DeFi: Activity on DeFi and NFT platforms has increased, suggesting greater utility and adoption of the Ethereum network.

4. Optimistic Predictions: Analysts like Ted Pillows from OKC Partners project that ETH could reach $12,000 by 2025, based on these positive developments.

However, not everything is rosy. Some experts warn that resistance at $2,500 could lead to a short-term correction. The RSI on the 4-hour chart stands at 62, indicating bullish momentum, but not yet in overbought territory.

What do you think? Do you believe ETH is ready to reach $3,000 or will we see a pause before the next rise? Share your thoughts and strategies in the comments!