$ETH As of May 11, 2025, Ethereum (ETH) is trading at approximately \$2,488, marking a 2.83% increase over the past 24 hours. This surge follows a significant rally from the \$1,800 range earlier in the week, with ETH reaching a local peak of \$2,600. The bullish momentum is attributed to the successful activation of the Pectra upgrade, enhancing smart contract functionality and user experience. Additionally, substantial accumulation of ETH, totaling \$400 million over three days, suggests strong investor confidence. Analysts predict that if ETH maintains support above \$2,500, it could target the \$3,000 level in the near term. ([Binance][1], [TradingView][2], [crypto.news][3], [U.Today][4], [U.Today][5])
