#ETHCrossed2500

Ethereum Surges Past $2,500

Current Price & Market Drivers

Ethereum (ETH) has risen above $2,500, currently trading at $2,527.30. This growth is driven by strong spot market activity, with a net withdrawal of 180,000 ETH from exchanges. The recent Pectra upgrade (live since May 7) may also be influencing investor optimism.

Key Market Indicators

Price Movement: ETH has surged nearly 30% from $1,800.

Sentiment: Weighted Sentiment has climbed to 5.2, the highest since May 2024.

Technical Signals: RSI and MACD are testing neutral levels above their respective moving averages.

Resistance Levels to Watch

$2,500: Reinforced by the 100-week SMA.

$2,850: A breakout here could trigger further gains.

Outlook

Clearing key resistance may lead to a bullish breakout. However, a weekly close below $1,680 may invalidate this trend and send ETH toward $1,400 support.

Disclaimer: Always conduct independent research before investing; crypto trading involves significant risk.