#ETHCrossed2500

Ethereum (ETH) recently surged past $2,500, driven by increased buying pressure from investors on the spot market. This rally is partly attributed to the activation of the Pectra upgrade on the Ethereum mainnet, which aims to improve user experience, staking efficiency and scalability.

*Key Highlights:*

- *Current Price*: Ethereum is trading at $2,330, with a 6% increase on the day and 29% weekly gains.

- *Pectra Upgrade*: The upgrade introduces features for improved scalability and decentralization, contributing to Ethereum's recent price surge.

- *Investor Interest*: Active addresses on Ethereum increased from 458,000 to 563,000 within 24 hours, indicating growing interest.

- *Market Sentiment*: Ethereum's Weighted Sentiment soared to 5.2, its highest since May 2024, reflecting positive market sentiment ¹.

*Expert Predictions:*

- *Short-Term Outlook*: Ethereum could surge past $2,850 if technical indicators on the weekly chart flip bullish.

- *Long-Term Outlook*: Some analysts predict a bullish trend reversal, while others believe it might be a relief rally before another downturn ¹ ².

*What's Next for Ethereum?*

Ethereum's price movement will likely depend on its ability to sustain the current bullish momentum and overcome resistance levels. Investors are watching closely to see if Ethereum can maintain its upward trend ¹.