#ETHCrossed2500

$ETH 's current price is $2,510.58, with a recent surge of around 40% over the last week. This price increase is attributed to several factors, including ¹ ²:

Successful Petra Upgrade: Implemented on May 7, this upgrade has led to significant deflationary pressure, removing approximately 38,000 ETH from circulation and attracting institutional interest.

Increased Whale Activity: Large holders have purchased over 138,000 ETH, contributing to the price rise and pushing long-term holders into profit.

Technical Breakout: Ethereum has broken through the $2,600 resistance, forming a rounding bottom pattern that suggests a potential 81% jump to $4,570.

Some analysts predict Ethereum could reach $3,000, with potential targets as high as $10,000 in the long term. However, caution is advised due to bearish signals in futures trading and potential selling pressure ².

Key Statistics:

Current Price: $2,510.58

Market Cap: $290.46 billion

Recent Change: -1.19% (intraday change)

All-Time High Potential: Predicted by some analysts to reach $4,570 or even $10,000

Keep an eye on Ethereum's price movement and market trends for further insights ³.

Ethereum price cross 2500