#ETHCrossed2500

Yes, Ethereum (ETH) has recently crossed the $2,500 mark, reaching a local peak of approximately $2,600. As of May 12, 2025, ETH is trading around $2,513.65, reflecting a significant increase of over 35% in the past week .

This surge is largely attributed to the successful implementation of the Petra upgrade on May 7, which introduced enhanced deflationary mechanisms by burning approximately 38,000 ETH, thereby reducing supply and boosting investor confidence .

Analysts are optimistic about Ethereum's trajectory, with some projecting potential targets of $3,000 and even up to $4,570, contingent on sustained bullish momentum and market conditions .

However, it's important to note that while the outlook is positive, the market remains volatile, and short-term corrections are possible. Investors should stay informed and exercise caution when making trading decisions.