As of May 16, 2025, Ethereum's market shows the following characteristics:

- Price Trend: Ethereum is currently priced at approximately $2,527.77, with a slight decrease of 1.46% over the last 24 hours. However, since early May, Ethereum has surged more than 40% from a low of around $1,800, indicating a strong upward trend that may have ended the downward trend that began in early April.

- Technical Formation: The current RSI for ETH is 45.71, in the neutral zone, indicating potential upward space; however, the daily RSI is 74.34, in the overbought zone, facing short-term correction risks. The MACD indicator is -13.87, showing a selling signal in the short term, with prices continually breaking below the short-term EMA moving average, suggesting further adjustments may be needed in the short term.

- Capital Flow: According to Lookonchain data, on May 15, there was a net inflow of 27,202 ETH into the US Ethereum ETF. On May 14, the total net inflow into Ethereum spot ETFs was $6,346.99 million, with no net outflows from the nine ETFs. Among them, BlackRock's ETHE had the highest net inflow of $57,608.5 million, indicating growing institutional interest in Ethereum.

- Market Fundamentals: The total locked value (TVL) in DeFi on Ethereum shows signs of recovery, with decreased transaction costs and increased activity providing fundamental support for ETH prices. Additionally, the Ethereum/Bitcoin trading pair saw a monthly increase of over 30%, while Bitcoin's dominance decreased, with capital shifting from Bitcoin to Ethereum and other altcoins, also providing some momentum for Ethereum's price increase.

Overall, after a short-term adjustment, Ethereum is expected to continue its upward trend, with the next target looking towards the $3,000 mark, but investors should pay attention to controlling short-term correction risks.