#ETHCrossed2500

Ethereum's current price is $2,501.30, having recently crossed the $2,500 mark. This surge is attributed to several factors, including ¹ ² ³:

- *Increased Institutional Demand*: World Liberty Financial's $3.5 million worth of ETH purchase and BlackRock's high ETH ETF inflows have contributed to the price rally.

- *Pectra Upgrade*: The Ethereum network's Pectra upgrade, live since May 7, has improved user experience, staking efficiency, and scalability, drawing in more investors.

- *Market Sentiment Shift*: Investors' sentiments have flipped bullish, with many anticipating further price increases.

- *Technical Indicators*: Ethereum's price has broken out of a descending parallel channel and is nearing the top of wave A, potentially leading to a decline before reaching $2,700.

Some experts predict Ethereum's price could reach $3,000 or higher if it surpasses key resistance levels. Key levels to watch include ² ⁴ ⁵:

- *Resistance at $2,620*: Breaking through this level could confirm the start of a bull phase.

- *Target Price of $3,500*: Analysts predict a potential rally to this level after a breakout from the symmetrical triangle pattern.

- *New All-Time High*: Some predict Ethereum could reach new heights, potentially exceeding $4,800.