$ETH

As of May 16, 2025, Ethereum (ETH) is trading at approximately $2,590, reflecting a recent uptick in price. This surge is largely attributed to short covering, rather than new institutional investments, as noted by CF Benchmarks CEO Sui Chung. Additionally, a significant transfer of 24,496 ETH (valued at around $63.82 million) was detected by Whale Alert, indicating notable market activity. Starknet, an Ethereum Layer 2 scaling solution, has advanced to 'Stage 1' decentralization, marking progress in Ethereum's scalability efforts. Furthermore, Ethereum has surpassed the $2,600 mark, continuing its upward trajectory.