$ETH

Ethereum (ETH) Price Forecast for May 16, 2025

Current Price: $2,595

Daily Range: $2,496 – $2,595

Change for the Day: +0.60%

Support Zones:

$2,500 — key support level (72% probability of holding according to Polymarket)

$2,438 — 200-day EMA

Resistance Zones:

$2,625 — first resistance

$2,710–$2,745 — next resistance zone

Indicators:

RSI approaches 70 — possible overbought condition

MACD indicates potential decrease in momentum

Fundamental News:

Ethereum Pectra update supports long-term growth

On May 15, an outflow from ETFs amounting to $39.8 million was recorded — possible short-term weakness

Forecast:

Bullish Scenario: holding above $2,560 — potential rise to $2,710–$2,745

Bearish Scenario: breaking below $2,500 — potential drop to $2,438 or $2,385

Conclusion: ETH price is currently balancing between growth potential and local weakness. Key levels are $2,500 and $2,625. Keep an eye on news and indicators for decision-making.