$ETH Ethereum (ETH) Market Update – May 16, 2025

Ethereum (ETH) is currently trading at $2,618.13, reflecting a modest increase of 0.032% from the previous close. The day's trading range has seen a low of $2,496.89 and a high matching the current price. Despite a recent 1.49% correction, ETH maintains a bullish outlook, supported by key levels above $2,500. The Ethereum Foundation's launch of the "Trillion Dollar Security Initiative" aims to enhance network security and drive on-chain adoption, potentially influencing positive market sentiment. Investors are closely watching for consolidation between $2,500 and $2,870 before the next significant move.