🚀 Ethereum $ETH Update – May 16, 2025 🚀
ETH is trading at $2,587, up over 40% this month, fueled by the recent Pectra upgrade that improved staking and L2 compatibility.
📈 Bullish Shift: ETH outperforms BTC, signaling a potential trend reversal.
📊 Market Insight: Price surge driven by short liquidation, not just fresh buying.
🧠 On-Chain Moves: 3.5% more ETH now held by whales (1K+ ETH wallets).
⚠️ Key Levels: Resistance at $2,600–$2,700, support at $2,400.
Can ETH maintain momentum? Keep your eyes on the $2,900 target!