Ethereum
Ethereum (ETH) Price Prediction for May 16 — TradingView News
According to CoinMarketCap, a further market decline could be postponed.Top coins by CoinMarketCap
The price of Ethereum 
Despite the current growth, the ETH rate appears bearish on the hourly chart. If the daily bar closes below the local support level of $2,973, the bears could regain the initiative again, which could lead to a decline towards the $2,900 zone. Image from TradingView
The bulls were unable to continue their rise after yesterday’s bullish close. If the situation does not change by the end of the day, it is possible to see a test of the $2,852 support until the end of the week. Image from TradingView
From a medium-term perspective, neither side dominates, as the price is far from the main levels.
However, if buyers lose the $2,900 area, the accumulated energy could be enough for a breakout, followed by a move towards the $2,600-$2,700 range.
Ethereum is trading at $2,957 at press time.