#ETHCrossed2500 Ethereum (ETH) has recently shown strong bullish momentum, surging past the $2500 mark and even briefly touching $2600 on May 11, 2025. This represents a significant recovery, with a reported increase of over 20% in the last 24 hours and around 35-37% over the past week. This rally is partly attributed to the recent Petra network upgrade, which aims to boost the ETH burn rate and market scarcity, and overall positive sentiment in the cryptocurrency market influenced by Bitcoin's performance and increased interest in DeFi and NFTs.

Despite this impressive climb, Ethereum's current trading price around $2500-$2580 is still considerably below its all-time high. The peak for ETH was approximately $4,878 to $4,891.70, reached in November 2021. This means Ethereum is still about 48% below its historical peak.

The price of Ethereum is influenced by a multitude of factors, including market demand and supply, investor sentiment, macroeconomic conditions, technological advancements (like the successful Merge and anticipation for the Pectra upgrade), the regulatory landscape, competition from other cryptocurrencies, and Bitcoin's price movements. The recent price increase indicates renewed buying interest and confidence in Ethereum's long-term value, as it holds above its realized price of $1900. Whether this trend continues and if ETH will revisit its all-time high will depend on how these various factors evolve and interact within the dynamic cryptocurrency market. Investors are closely watching market developments to assess Ethereum's future price trajectory.