As of May 16, 2025, Ethereum (ETH) is trading at approximately $2,605.84, reflecting a 1.93% increase from the previous close. The day's trading range spans from a low of $2,496.89 to a high of $2,631.38. This upward movement follows a recent surge driven by institutional accumulation and the successful implementation of the Pectra upgrade, which enhanced network scalability and security.