#ETHCrossed2500

Ethereum (ETH) has indeed crossed the $2,500 mark, which is a significant milestone. This surge is attributed to the successful implementation of the Pectra upgrade, which has improved user experience, staking efficiency, and scalability. The current price of Ethereum is around $2,578.49, with a 10.16% increase.

Ethereum needs to breach the $2,500 level sustainably to continue its upward trend and lock in recent gains. Breaking the $2,620 resistance level could confirm the start of a bull phase, with potential targets at $3,500. A firm cross above $2,850 could strengthen the bullish momentum.

The recent surge is driven by increased buying pressure from investors on the spot market, with Ethereum's exchange reserve plunging by nearly 180,000 ETH in the past 24 hours. However, investor profit-taking behavior could limit ETH's upward momentum, with $27.8 billion worth of ETH sitting at the $2,493-$2,915 range. #ETHCrossed2500