#ETHCrossed2500

The value of ETH rose from $1,770 to $2,550 in just 72 hours, surpassing key resistance levels such as $2,000 and $2,200. The daily trading volume has doubled, and the relative strength index reached 78, indicating strong bullish momentum.

Current support levels are at $2,400 and $2,200, while the next resistance levels are at $2,600 and $2,800. Staying above the $2,400 level would strengthen the bullish trend, with a short-term target at $2,600 and a medium-term target at $2,800.

Technical indicators: The MACD indicator shows a bullish crossover signal, confirming the upward trend. However, the relative strength index is nearing the overbought territory, indicating a potential short-term correction.

🧠 Fundamentals and cash flow

Network upgrade: Ethereum launched the "Pectra" upgrade on May 7, improving wallet performance, storage, and user experience. This is attracting the interest of institutional investors.

Institutional money flow: Over $120 million has been invested in Grayscale Ethereum Trust, and on-chain data shows that more than 200,000 ETH have been purchased by "whales," indicating strong accumulation.

Market sentiment: The rise in Bitcoin's price to over $100,000 has boosted the altcoin market, with ETH leading this trend.