As of May 15, 2025, Ethereum (ETH) has demonstrated a notable recovery, trading at approximately $2,582.74. This resurgence follows a significant rally earlier in the month, where ETH surged from around $1,800 to over $2,700, marking a 45% increase . Despite a recent pullback from its peak, the cryptocurrency maintains a strong position above key support levels. Technical indicators suggest bullish momentum, with ETH trading above its 20-day exponential moving average and exhibiting patterns indicative of potential further gains . Market analysts remain optimistic, forecasting that if Ethereum sustains its current trajectory, it could challenge resistance levels around $2,843 and potentially approach the $3,000 mark in the near term .

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