$ETH

As of May 16, 2025, Ethereum (ETH) is trading at approximately $2,590.13, reflecting a 2.1% increase over the past 24 hours. This surge is attributed to short covering, signaling a shift in market sentiment from bearish to bullish . The recent expiration of $3.33 billion in Bitcoin and Ethereum options has also contributed to increased volatility, with ETH aiming for a breakout above $2,700 . Analysts predict that ETH could reach up to $3,000 by mid-2025, driven by factors such as institutional adoption and network upgrades .

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