Ethereum Surpasses $2,500 Amidst Market Volatility

Ethereum has crossed the $2,500 mark, signaling a fluctuating market trend, as analysts anticipate further price movements. The cryptocurrency experienced a recent surge following earlier gains in May, with its price climbing to reach its new high of $2,500. This move comes amidst a more pronounced volatility observed across the crypto market. 24-hour trading volume for Ethereum highlights a 0.38% rise. Earlier this month, it was near $2,700 before encountering resistance. On-chain data suggests investors see $2,500 as a crucial support level.