#ETHCrossed2500 #ETHCrossed2500 Ethereum (ETH) has recently surpassed the $2,500 mark, signaling a significant milestone in its ongoing recovery.

🔥 Key Drivers Behind the Surge

Pectra Upgrade: The recent implementation of the Pectra upgrade has enhanced Ethereum's scalability and efficiency, contributing to a 31% price increase, marking the largest single-day rally since 2021 .BanklessTimes+2BeInCrypto+2AInvest+2

Technical Breakout: ETH has moved above the 200-day Exponential Moving Average (EMA) and the 38.2% Fibonacci retracement level at $2,425, indicating a strengthening bullish trend .BanklessTimes

Market Sentiment: Positive funding rates and increased activity from institutional investors suggest growing confidence in Ethereum's upward trajectory .#ETHCrossed2500 $ETH

Resistance Levels: Ethereum faces immediate resistance at $2,525, with the next significant level at $3,000. A successful breach could pave the way for further gains.Crypto Basic+3BanklessTimes+3Trading News+3

Profit-Taking Risks: Recent data indicates substantial profit-taking, with $12 billion worth of ETH sold on May 8 alone, which could introduce short-term volatility .

Historical Patterns: Previously, when ETH crossed $2,500, it surged to $4,000 within 30 days, suggesting potential for continued growth if current momentum persists