Today's update on Ethereum (ETH) as of May 13, 2025:

Current Price:

* Approximately $2,491.91 USD. However, prices can vary slightly across different exchanges.

* In Pakistani Rupees, this is approximately 710,240.21 PKR.

Price Movement:

* Daily Change: Ethereum has seen a slight decrease today. Different sources indicate a decrease of around 0% to 2.21% in the last 24 hours.

* Weekly Change: Despite the daily dip, Ethereum has shown significant growth over the past week, with an increase of around 36.91% to 39.85%.

* Monthly Change: The positive trend continues over the last month, with Ethereum's price increasing by approximately 51.66% to 56.01%.

Key News and Updates:

* Institutional Accumulation: There has been significant accumulation of ETH by large holders, with one entity, Abraxas Capital, withdrawing a substantial amount (over $695 million worth in less than a week) from centralized exchanges. This suggests strong long-term conviction, possibly anticipating a future catalyst.

* Technical Analysis: Ethereum has overcome several resistance levels and is currently testing the 200-day EMA around $2,600. While there might be short-term corrections, the larger technical outlook is still considered bullish.$ETH