$ETH

As of May 16, 2025, Ethereum (ETH) is trading at $2,610.83 USD, reflecting a 2.24% increase from the previous close. The intraday high reached $2,631.38, while the low was $2,496.89.

This surge follows a significant 43.6% rally between May 7 and 14, bringing ETH's price to approximately $2,600. Analysts suggest that this momentum could signal the beginning of a larger upward trend, with some forecasting a potential rise to $5,000 by the end of 2025.

The recent price movement is also influenced by the completion of the Ethereum Plectra upgrade on May 7, 2025. This upgrade introduced 11 new Ethereum Improvement Proposals (EIPs), including EIP-7251, which increases the staking limit from 32 ETH to 2,048 ETH, aiming to simplify validator operations and improve staking efficiency. These enhancements are expected to boost Ethereum scalability and adoption.