#ETHCrossed2500 Ethereum (ETH) has officially crossed the $2,500 mark, signaling renewed bullish momentum in the crypto market. This surge follows a 40% rally over the past week, driven by the successful Pectra upgrade, which enhanced network scalability and staking flexibility . The upgrade also introduced deflationary pressure by removing approximately 38,000 ETH from circulation, attracting institutional interest .

As of now, ETH is trading at $2,521.44, with an intraday high of $2,558.83 and a low of $2,452.84. The current price reflects a slight decrease of 0.81% from the previous close.

Technical indicators suggest potential for further gains, with analysts eyeing targets between $2,800 and $3,000 if momentum continues . However, traders should remain cautious of possible pullbacks due to profit-taking and market volatility.