$ETH

As of May 16, 2025, Ethereum (ETH) is trading at approximately $2,571.51, reflecting a 0.76% increase for the day.

Market Update:

Recent Performance: ETH has experienced a significant rally, surging over 40% in the past two weeks.

Technical Indicators: The Relative Strength Index (RSI) is above 77, indicating overbought conditions, which may suggest a potential short-term correction. (CoinDCX)

Support & Resistance Levels: Key support is identified around $2,250–$2,300, while resistance is anticipated at $2,750–$2,900. (CoinDCX)

Strategic Considerations:

Short-Term Strategy: Given the overbought RSI, traders might consider waiting for a potential pullback to the $2,250–$2,300 range before entering new positions.

Long-Term Outlook: Analysts project that ETH could reach between $4,392 and $5,925 by the end of 2025, contingent on market conditions and continued network growth. (CoinDCX)

Investors should remain vigilant, monitoring market indicators and news that could impact Ethereum's price trajectory.(Cointelegraph)