$ETH Ethereum is currently trading around **$2,600 - $2,604 USD** (approximately **৳3,18,300 - ৳3,18,800 Bangladeshi Taka**) as of Friday, May 16, 2025, at 2:40 PM in Feni, Bangladesh.
**Key Points:**
* **Slight Recovery:** Ethereum has shown a slight recovery over the last 24 hours, up by around 0.5-2.8% after a minor pullback.
* **Increased Weekly Gains:** Despite the daily fluctuation, ETH has seen significant gains over the past week, with increases ranging from 39-45%.
* **Binance ETH Holdings Decrease:** There's a notable decrease of approximately 300,000 ETH in Binance's holdings over the past month, potentially due to institutional investors withdrawing for OTC trading, private investment, or staking. This decrease in exchange supply could create upward price pressure if demand remains constant.
* **Realized Price Levels:** Ethereum has moved above the average purchase price (realized price) for most wallet sizes, indicating that a majority of holders are currently in profit.
* **Trillion Dollar Security Initiative:** The Ethereum Foundation recently launched this initiative to significantly enhance the network's security for mass adoption.
**Factors to Watch:**
* **Market Sentiment:** Overall bullish sentiment seems to be returning to the crypto market.
* **Whale Activity:** Monitoring the activity of large Ethereum holders for potential profit-taking.
* **Resistance Levels:** Traders are eyeing key resistance levels for potential breakouts.
* **Exchange Supply:** The decreasing ETH supply on exchanges could be a bullish indicator.
In summary, Ethereum is showing signs of recovery and strong weekly gains. The decrease in ETH on exchanges, potentially driven by institutional activity, suggests a possible bullish outlook. The market is also reacting positively to the Ethereum Foundation's new security initiative.