As of May 16, 2025, Ethereum (ETH) is trading around $2,584, reflecting a significant rally of over 43% since early May. This surge is largely attributed to the recent Pectra upgrade, which enhanced user experience and scalability, boosting investor confidence.

Looking ahead, analysts suggest that Ethereum's price could reach $5,000 in 2025, contingent on factors such as the approval of spot ETH ETFs, increased AI adoption, and continued growth of Layer-2 solutions.

However, it's important to note that Ethereum is currently facing resistance around the $2,600 level, with decreased trading volume indicating potential short-term consolidation.

Overall, while Ethereum's recent performance is promising, investors should remain cautious and monitor market developments closely.

KHALID JAVED