#ETHCrossed2500

Ethereum has officially crossed the $2,500 milestone, briefly touching it before pulling back to the $2,470-$2,480 range. Here are some key updates¹ ²:

- *Current Price*: $2,481.36, with a 2.68% increase

- *Market Sentiment*: Bulls believe ETH is gearing up for a major run with ETF momentum and rising DeFi activity, while bears warn of potential short-term pullbacks due to strong resistance at $2,500

- *Predictions*:

- *Short-term*: Potential rise to $2,600 in the coming days, driven by bullish momentum

- *Long-term*: Some predictions range from $4,800 to $6,000, contingent on market sentiment and macro trends

- *Resistance Levels*: Key resistance levels to watch around $2,600, with support near $2,300

- *DeFi Activity*: Total Value Locked in Decentralized Finance is $63.2 billion, a 4.7% week-over-week increase

The recent Pectra upgrade, enhancing scalability and user experience, has bolstered investor confidence. However, traders should remain cautious of potential short-term volatility.