$ETH 🚀 Ethereum (ETH/USDT): Analysis and Forecast for May 16, 2025

*Exclusively on Binance | May 16, 2025*

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### 📊 **Key Metrics**

**Current Price:** $2,590 **(+1% in 24h | +18% in a week | +62% in a month)**

**All-Time High:** $4,891 (November 2021)

**Market Cap:** $310B (+$12B in a week)

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### 🔥 **4 Factors of Current Growth**

✅ **ETF Hype**: Grayscale filed for Ethereum Trust

✅ **Technical Breakout**: Overcoming 2-year trend resistance

✅ **Ecosystem Growth**: TVL in DeFi exceeded $80B (+35% in a quarter)

✅ **Mining**: Hashrate reached 1.12 TH/s (▲18% since April)

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### 📈 **In-Depth Technical Analysis**

**▶️ Control Levels:**

- 🟢 **Support 1:** $2,520 (EMA-100 on weekly)

- 🟡 **Support 2:** $2,400 (liquidity zone)

- 🔴 **Resistance:** $2,680 → $2,850 (June 2024 high)

**📌 Indicators:**

• Wolfe Waves: 3rd impulse wave forming ($3,200 target)

• MACD: Bullish crossover on daily timeframe

• OBV: Record accumulation volumes

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### ⚡ **Forecast for June 2025**

1️⃣ **Base Scenario (60%)**: $2,800 → $3,100

2️⃣ **Optimistic (25%)**: Breakout $3,500 → test ATH

3️⃣ **Corrective (15%)**: Pullback to $2,300 before rally