$ETH

As of today, May 16, 2025, Ethereum shows resilience after recent volatility. The current price of ETH is around $2,571, reflecting a slight decrease of 1.49% over the past 24 hours.

In the past month, Ethereum has shown impressive growth of 58%, reaching a peak of $2,736 before retreating to current levels.

Technical analysis indicates key support and resistance levels:

Support: $2,560–$2,570, coinciding with the 20-day moving average and the middle Bollinger Band.

Resistance: $2,710–$2,745; overcoming this range could open the way to $3,000.

Fundamental events:

On May 15, Ethereum ETFs recorded a net outflow of $39.8 million, which may indicate caution among institutional investors.

On May 16, BlackRock acquired Ethereum worth $8.4 million, which may signal long-term confidence in the asset.

Network updates: On May 7, the Pectra upgrade was activated, including 11 EIPs aimed at improving user experience, including the integration of smart contracts into wallets to simplify access recovery.

Conclusion: Ethereum maintains a positive sentiment in the market despite short-term fluctuations.