#ETHCrossed2500
As of May 12, 2025, Ethereum (#ETH) has surged past the $2,500 mark, reaching an intraday high of $2,587.64. This milestone reflects a significant 37% increase over the past week, marking ETH's highest price since February.
The recent rally is attributed to several factors:
Pectra Upgrade: Ethereum's recent Pectra upgrade has enhanced network performance, contributing to increased investor confidence.
Market Sentiment: Renewed interest in decentralized finance (DeFi) and positive market sentiment have bolstered ETH's upward trajectory.
Technical Indicators: Analysts point to bullish technical patterns, suggesting potential for further gains.
Currently, Ethereum is trading around $2,516.50, with a 24-hour trading volume of approximately $29.5 billion.
Here's a recent chart illustrating Ethereum's price movement:
