Ethereum surpasses $2,500 – New momentum for the altcoin market

As of May 12, 2025, Ethereum (ETH) has surpassed $2,500, currently trading around $2,496.97, with a daily trading range from $2,452.84 to $2,557.77.

This breakout is driven by several positive factors:

Petra Upgrade: Taking place on May 7, this upgrade removed approximately 38,000 ETH from circulation, creating strong deflationary pressure and attracting interest from institutional investors.

Whale activity: A large investor turned a $21 million loss into a $21.7 million profit by accumulating ETH during price dips, now holding 50,165 ETH worth about $104.5 million.

ETF cash flow: Spot Ethereum ETFs have attracted positive cash flow, with total holdings reaching around 3.45 million ETH, indicating increasing interest from institutional investors.

With the current upward momentum, analysts predict ETH could target next price levels such as $3,800–$4,800 in the short term, and even reach $10,000 in the long term if the positive trend continues.

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