ETH price reaches a two-month high.

Ethereum is currently trading at $2,366, up 31 in the last 24 hours after the Pectra upgrade. This price increase has brought ETH to its highest level in two months and closer to the resistance level of $2,513. Breaking this barrier would represent a major milestone for Ethereum, but the challenge remains whether it can maintain this move in the face of investor selling.

The difficulty in surpassing $2,500 lies in the ongoing pressure from investors who have already benefited from recent gains and those who may sell if the price continues to rise. Consequently, Ethereum may struggle to maintain its upward trajectory and could potentially return below the support level of $2,344. In this scenario, ETH could test the level of $2,141, which could erase some recent gains.