$ETH Ethereum (ETH) on May 16, 2025:

📈 Market Performance

Current Price: ETH is trading around $2,595, up about 58% in the past 30 days and 17% in the past week, reflecting a strong recovery after the early year correction.

Resistance & Support: The next important resistance level is $3,100, while the strong support zone is around $2,233.

ETF Cash Flow: On May 15, Ethereum ETFs recorded a net outflow of -$39.8 million, primarily from Fidelity (-$31.6 million) and Grayscale (-$16.6 million), indicating a cautious sentiment from institutional investors.

🔧 Technical Update: Pectra Upgrade

Ethereum has completed the Pectra upgrade, integrating 11 proposed improvements aimed at increasing transaction speed, reducing costs, and enhancing user experience.

A highlight is the increase in the staking limit from 32 ETH to 2,048 ETH per validator, expanding staking participation for large investors.

📊 Forecast and Trends

Some analysts predict that ETH could reach $5,000 by the end of 2025, thanks to widespread adoption of AI, cash inflow into ETF funds, and the positive impact from the Pectra upgrade.