#ETHCrossed2500 1. Pectra Update:

The latest technical update for Ethereum — Pectra — improved the scalability and efficiency of the network. This has increased investor confidence and led to a rise in ETH of over 30%.

2. Institutional Investments:

Major players, such as Abraxas Capital, have started to buy up ETH in bulk and withdraw it from exchanges. This often indicates long-term investment intentions and confidence in growth.

3. Technical Analysis:

The price of ETH broke key levels:

• 200-day exponential moving average

• Fibonacci level of 38.2% at $2425

This indicates a strong bullish trend.

4. Expectations of Traders and Analysts:

If Ethereum consolidates above $2500, analysts predict a quick rise to $2800, and possibly higher. This could also trigger growth in the entire altcoin market.

Current Market Situation (May 11, 2025):

• ETH briefly rose above $2500 but then slightly retraced to the $2470–$2480 level.

• Some traders took profits, causing a slight correction. Ethereum shows strong signs of recovery. Consolidation above $2500 could be the starting point for a new growth phase. However, it is important to keep in mind the potential volatility.