1. Significance of the $2500 milestone:
* Market psychology: Crossing a round and significant number like $2500 often brings a strong psychological weight, reinforcing investor confidence and attracting market attention. This can trigger FOMO (fear of missing out) and push additional capital into ETH.
* Resistance/support levels: Round price levels often act as important resistance or support levels. ETH breaking through the resistance level of $2500 indicates strong growth momentum and may pave the way for higher price targets.
* Technical indicators: Technical analysts may view breaking through the $2500 level as a buy signal, especially when combined with other technical indicators such as moving averages, RSI, MACD, etc.