#ETHCrossed2500
Ethereum has recently crossed the $2,500 level, which is considered a significant psychological and technical barrier. This breakout has infused new energy into the market, and a 14.04% increase in just 24 hours demonstrates Ethereum's strength.
Bullish Reasons
More people and companies are now using Ethereum-based applications, such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens).
Large investors, such as financial institutions and funds, are buying large amounts of Ethereum, which is driving the price up.
The overall atmosphere in the crypto market is positive, which is also benefiting Ethereum.
However, some experts are also warning. After such a surge, the price may face a temporary decline or sideways movement (consolidation) to allow the market to "catch its breath" and determine the next direction.
If Ethereum breaks the $2,600 resistance, it will be a sign of further bullish momentum, and the price may reach higher levels, such as $2,800 or $3,000. At this time, investors are cautiously keeping an eye on the market, as Ethereum is solidifying its position in crypto leadership again.