$ETH On May 16, 2025, Ethereum (ETH) exhibits a cautiously bullish outlook, trading at $2,597.8 after a 3.27% drop in the past 24 hours, per TradingView data. Despite this, ETH has risen 39.39% over the last week and 55.51% in the past month, signaling strong upward momentum. Technical indicators show a buy signal on both daily and weekly timeframes, with moving averages trending positively, though oscillators suggest a potential overbought condition (RSI above 70). Key support lies at $2,135-$2,000, while resistance at $2,775 remains critical. Posts on X reflect mixed sentiment, with some anticipating a breakout to $2,200, but volatility risks persist.