#ETHCrossed2500 Ethereum has officially crossed the $2,500 milestone, briefly touching it before pulling back to the $2,470-$2,480 range. The current price is around $2,528, with a 5.60% increase in the last 24 hours. Market analysts are divided on the future trend, with some predicting a major run due to ETF momentum and rising DeFi activity, while others warn of a potential short-term pullback due to strong resistance at $2,500 ¹.
*Key Factors Influencing Ethereum's Price:*
- *Market Demand and Supply*: The balance of buying and selling pressure drives the price, with high demand and limited supply increasing the price.
- *Market Sentiment*: Investor confidence and emotions play a significant role, with positive news and developments leading to increased buying and price appreciation.
- *Macroeconomic Factors*: Broader economic conditions, such as inflation rates and interest rates, impact investor behavior and capital flow into risk assets like cryptocurrencies.
*Future Price Predictions:*
- Some analysts anticipate a rise to $3,000, driven by bullish momentum and ETF approvals.
- Others predict a retest of the $2,400 level or a slight decline to around $2,291 by May 17, 2025.
- Long-term predictions range from $4,800 to $6,000, contingent on market sentiment and macro trends ².