$ETH As of May 16, 2025, Ethereum (ETH) is trading at approximately $2,590. The recent Pectra upgrade has enhanced scalability and staking, contributing to a 45% price increase in May, outperforming Bitcoin and Solana. Despite this rally, ETH remains about 37% below its 2021 peak. Analysts suggest that if ETH sustains above $1,900, it could target $2,100–$2,300; however, a drop below $1,750 may lead to further declines. Long-term holders are selling near the $3,000 level, indicating potential resistance ahead. Nonetheless, Ethereum's dominance in smart contracts and DeFi, with over $63 billion in total value locked, supports its bullish outlook.