Ethereum ($ETH ) demonstrates impressive growth in May 2025, rising from $1,810 to the current $2,595.98, which represents over a 40% increase in the last two weeks. This growth is driven by the successful Pectra upgrade, which improved the network's scalability and simplified wallet usage.

However, despite this growth, Ethereum is facing some challenges. On May 15, 2025, there were significant outflows from the Ethereum ETF, totaling -$39.8 million, which may indicate a decline in interest from institutional investors. Nevertheless, Ethereum remains a key player in the decentralized applications ecosystem, with $63 billion locked in DeFi protocols.

At the same time, Bitcoin ($BTC) is trading at $103,981, showing stability amidst market fluctuations. The correlation between $ETH and $BTC remains an important indicator of sentiment in the cryptocurrency market.

If the current momentum continues, Ethereum could reach levels of $2,750–$2,900 by the end of May. However, investors should be cautious given potential corrections and the impact of macroeconomic factors.