#ETHCrossed2500

Ethereum's price surged by around 40% after breaking the $2,600 resistance following the successful Petra upgrade.

The Petra upgrade has led to significant deflationary pressure, removing approximately 38,000 ETH from circulation and attracting institutional interest.

Whale activity has increased, with large holders purchasing over 138,000 ETH, contributing to Ethereum's price rise and pushing long-term holders into profit.

Despite a positive outlook, caution is advised due to bearish signals in futures trading and potential selling pressure from recent USDT withdrawals.