#ETHCrossed2500 will it hold or fold? At this point it faces resistance level, due to the fact that investors must take some profit. Some Analysts predict that Ethereum could go more higher if broader market remains bullish. pectra upgrade has significantly impacted market Sentiment, with exchanges recording net inflows of $15.6 b since its lunch. Despite this, $12 billion worth of Eth was sold on May 8, potentially dampening upward movement.
Market Sentiment: Growing risk appetite and the pectra upgrade have improved Ethereum's upside outlook. Some Analysts see potential for further gains, citing increased open interest and long positions.
However, keep an eye on reputable sources like cointelegraph and coindesk for further updates, and remember to trade with cautions.