**Ethereum Market Analysis – May 14, 2025**
Ethereum (ETH) is trading at ~$2,639.50, up 8.08% in the last 24 hours, with a market cap of $318.74B and a 24-hour volume of $36.37B. Technical indicators show mixed signals: a bullish engulfing pattern on the weekly chart suggests strong buyer momentum, potentially targeting $4,864, while the RSI at 77.05 indicates overbought conditions. Short-term forecasts predict volatility, with prices possibly dipping to $2,403.46 by May 19 or rising to $3,296 by month-end. Despite a recent 14.99% yearly decline, Ethereum’s ecosystem thrives with Layer-2 scaling and DeFi adoption. The Pectra upgrade and ETF inflows bolster optimism, but regulatory risks and competition from Solana linger. Investors should monitor support at $2,145 and resistance at $3,000 for strategic entries.