Ethereum

As of May 16, 2025, Ethereum (ETH) is trading around $2,575, reflecting a slight 1% decline over the past 24 hours but a 16.5% increase over the last week. The market sentiment is mixed, with technical indicators showing bullish trends on shorter timeframes (e.g., rising 50-day moving average) but bearish signals on daily charts. The Fear & Greed Index is at 70 (Greed), indicating optimism, though volatility remains high at 16.54% over the past 30 days. Posts on X suggest cautious sentiment, with some analysts noting resistance at $2,700-$2,850 and potential for further downside if supports fail. Institutional interest and DeFi adoption continue to drive long-term bullishness, but short-term price action is uncertain.