$ETH The recent surge in ETH’s price can be attributed to several factors:

• Pectra Upgrade: The successful implementation of the Pectra upgrade has enhanced Ethereum’s scalability and efficiency, boosting investor confidence. 

• Market Momentum: Historical data suggests that once ETH crosses key thresholds like $2,500, it often experiences rapid gains. For instance, a previous surge saw ETH rise from $2,500 to $4,000 within 30 days.