#Ethereum (#ETH) is on fire, up 7.49% today (May 11, 2025) to ~$2,500, marking its best week since May 2021 with a 37.5% weekly gain. The Pectra upgrade, live since May 7, is a key driver, boosting scalability, lowering fees, and enhancing staking (raising the limit from 32 to 2,048 ETH). #Crypto analysts like Ted Pillows predict ETH could hit $12,000 in 2025, citing institutional adoption, DeFi growth, and a high ETH burn rate increasing scarcity. On-chain data shows 180K ETH withdrawn from exchanges, with active addresses up from 458K to 563K. Despite outperforming #Bitcoin (up 34.3% vs. BTC’s 10.91% since May 8), concerns linger: low transaction activity may make ETH inflationary, and U.S. spot Ether ETFs saw $39.7M in outflows. Price forecasts for May range from $1,879.95 to $2,466.07, with some eyeing $3,400 if momentum holds. #Altcoin season may be starting as Bitcoin dominance drops to 63.89%.