Ethereum ($ETH ) has recently surpassed $2,500, driven by several key factors:
1. Influx of institutional capital into Ethereum ETFs: In May 2025, exchange-traded funds (ETFs) backed by Ethereum recorded net inflows of $564 million, the highest figure so far this year. This increase reflects a growing institutional interest in $ETH as an investment asset.
2. Increase in institutional staking activity: Institutional participation in Ethereum staking has risen, reducing the available supply in the market and contributing to upward pressure on the price.
3. Recent update to the Ethereum network: The implementation of the "Pectra" upgrade has improved the efficiency and scalability of the network, strengthening investor confidence in the Ethereum ecosystem.
4. Strong technical support at key levels: The price of $ETH has found consistent support around $2,500, indicating a solid base for potential future upward movements.
These combined factors have contributed to the recent increase in the price of Ethereum, and many analysts believe that ETH could reach higher levels if current conditions persist.