#ETH

As of May 15, 2025, Ethereum (ETH) is trading at approximately $2,543, reflecting a 2.2% decline over the past 24 hours.

This pullback follows a significant rally where ETH surged from around $1,800 to nearly $2,700 within a week, driven by the recent Pectra upgrade and increased institutional interest. However, the current correction has led to a $13 billion reduction in Ethereum's market capitalization.

Despite the short-term volatility, on-chain data indicates a strong long-term holding sentiment among investors, with over 1 million ETH (approximately $2.5 billion) withdrawn from exchanges in the past month.

Analysts suggest that if Ethereum can maintain support above $2,420, it may resume its upward trajectory, potentially targeting resistance levels at $2,850 and $3,000.