$ETH On May 16, 2025, Ethereum (ETH) is trading around $2,605, showing a recent recovery driven by short position closures and increased institutional interest. The firm Abraxas Capital has withdrawn 278,639 ETH (about $655 million) from exchanges since May 7, suggesting strong confidence in the asset. Although the bullish momentum has moderated, ETH maintains support between $2,560 and $2,570. Analysts anticipate a consolidation phase between $2,500 and $2,870, with the possibility of a new push towards $3,000 if positive sentiment persists.