$ETH As of May 16, 2025, $ETH is hovering between $3,500-$3,700, with X posts reflecting cautious optimism—bullish on Ethereum’s fundamentals but wary of macro headwinds like potential Fed rate hikes. The Ethereum Foundation’s Trillion Dollar Security Initiative, announced two days ago, is a major catalyst, aiming to fortify the network’s $80 billion DeFi TVL against UX, wallet, and smart contract vulnerabilities. The Pectra upgrade, now live, boosts staking and scalability, though some devs gripe about added complexity.Bears point to persistent issues: validator centralization, sporadic high gas fees, and competition from Solana and layer-2s like Optimism. Stablecoin adoption, like Mastercard’s recent stablecoin card rollout, indirectly supports Ethereum, as most stablecoins (e.g., USDC) run on its blockchain. $ETH is up ~20% year-to-date but faces resistance around $4,000. Key levels to watch: support at $3,300, breakout above $3,800. Regulatory scrutiny on staking and DeFi could add volatility. If you’re trading, the security push and upgrades are bullish, but keep an eye on Bitcoin’s moves and global markets. Need deeper analysis on TA or on-chain metrics?