Ethereum (ETH) has experienced a notable price rally over the past week, surpassing the $2,500 benchmark and reigniting bullish sentiment among investors. This upward momentum is attributed to improved on-chain performance, increased network activity, and the recent PECTRA upgrade, which has enhanced Layer 2 solutions, staking, and overall usability. Gas fees have reportedly decreased by 40%, contributing to greater retail investor interest. Market observers and analysts are projecting the potential for Ethereum to reach $10,000, with some describing the current phase as the beginning of an altcoin season. The rally has drawn comparisons to previous price levels in 2021 and is being supported by growing tokenization trends. Ethereum's price surge has also coincided with positive developments in related cryptocurrencies like Solana, which is also experiencing price increases.