Ethereum Surges Past $2,500, Traders See $2,750 Within Reach

Ethereum's price surged more than 5% in the last 24 hours to break above $2,500, marking its highest gain in a month.

The asset has gained over 35% this month alone, outperforming Bitcoin which has risen nearly 27% during the same period.

Kalshi traders now price Ethereum's chances of reaching at least $2,750 by September as high as 42%, up from below 30% just a day ago.

Despite some optimism, larger gains like a move to more than $3,000 before the end of the month are still seen as less likely, priced at 18%.