Ethereum (ETH) has breached the $2,500 level this weekend, marking a significant milestone in the ongoing bullish trend. This increase is driven by several factors, including network upgrades and institutional investor interest. 

Factors Driving Price Increase:

1. Pectra Upgrade: The Ethereum network update known as Pectra has been successfully launched, enhancing the efficiency and scalability of the network. This triggered a 31% surge in ETH price within 24 hours, reaching the highest level in the last two months.  

2. Institutional Investor Interest: Data shows increased activity from institutional investors, with over 180,000 ETH withdrawn from exchanges in the last 24 hours, indicating accumulation by major market players. 

3. Positive Market Sentiment: The rise in ETH price is also supported by positive market sentiment, with the ADX index reaching 25, indicating a strengthening trend. 

Challenges and Future Prospects:

Although ETH has breached $2,500, challenges remain. Selling pressure from investors taking profits may hinder further upward momentum. However, if ETH can maintain this level and break through the next resistance around $2,600, analysts predict potential gains towards $3,000 in the near future.   

Overall, Ethereum's breach of the $2,500 level reflects strong positive momentum, supported by fundamental and technical factors. However, investors are advised to remain cautious of market volatility and monitor developments. The term "ETHCrossed2500" refers to the moment when the price of Ethereum (ETH) crosses the psychological threshold of $2,500. This event is often regarded as an important indicator in technical analysis and cryptocurrency market sentiment.

📈 ETH Price Journey Around the $2,500 Level

In early March 2025, Ethereum successfully breached the $2,500 level and traded around $2,508, recording a 14.04% increase in the previous 24 hours. However, this movement did not last long as selling pressure caused the price to drop back below $2,500.

Currently, Eth