$2306 ETH, do you want to buy in?

Institutional BlackRock is set to launch a tokenized fund. ETF inflows on a single day exceed $100 million. In early May, whales went on a rampage, sweeping 140k coins—but just now, exchange reserves fell to the lowest level in history, and yet a giant whale deposited $178 million into an exchange. Records of Vitalik selling coins early were dug up, and the community is in an uproar.

First, look at the surface: bad news can’t suppress it; the price is holding firm.

Over the past 24 hours, it’s up 1.37%. Market cap is steady at $279.5 billion, holding the #2 spot. Trading volume has expanded by 30%. What the candlestick chart tells you: it rebounded from a low of 1739 and is now churning back and forth in the 2200–2400 box range. The 50-day and 200-day moving averages have converged tightly—classic signs right before a golden cross. MACD shows a bullish crossover. RSI at 59 is neutral but leaning bullish: a turning point is near—don’t stand on the wrong side.

First thing: institutions are buying with real money.

BlackRock plans to issue a tokenized money market fund on Ethereum—this isn’t a small-scale move. It’s the world’s largest asset manager putting real assets onto ETH. Spot ETF net inflows in April reached $356 million. In May alone, a single day pushed in over $100 million, with cumulative AUM exceeding $14 billion.

Second thing: on-chain data has spilled the secrets.

Exchange ETH reserves have dropped to 14.55M coins—the lowest in history. Whales bought 140k+ ETH in early May, worth $322 million. Non-zero addresses exceed 189 million—more than BTC by 320%.

Supply is locked up; demand is rising (ETF + institutions).

Third thing: one dangerous signal can’t be ignored.

A large holder deposited 78,077 ETH into an exchange, worth $178 million. He still holds 300k ETH. Meanwhile, BlackRock and Fidelity are also depositing large amounts of ETH into Coinbase Prime.

On one side:

BlackRock tokenized fund + ETF daily inflows of $100 million+

Exchange reserves at historic lows, whales sweeping 140k coins

Pectra/Glamsterdam upgrade is coming, with staking locked at over 36 million coins

TVL at $45.4 billion—no one can shake DeFi’s dominance

On the other side:

A whale deposits $178 million into exchanges

Vitalik’s early sell records have been dug up

A pullback of over 53% from the high of 4953—trapped positions piling up like a mountain

Macro interest rates are still high; rate cuts are taking forever to arrive

Key level at 2316—just one breath away from the turning point

Resistance overhead: 2370 → 2400 (psychological level) → 2500-2700

Support below: 2280-2300 → 2200 (last line of defense) → 2100-2019 (golden-ratio iron floor)

Short-term traders:

Wait for the pullback to 2280-2300 before entering, set a stop-loss at 2250, and aim for the first target 2370-2400. If 2400 breaks out with volume, chase directly; stop-loss at 2360, target 2500-2600.

Swing traders:

Only enter after the daily close holds above 2400. Use dynamic take-profit to stay in the trade. Target 2700-3000—don’t get thrown off by the shakeout. The ETH/BTC ratio is at a low level, a sign that the memecoin/altcoin season may be starting, but you still need confirmation signals.

Long-term believers:

DCA blindly below 2300, or simply stake to earn 3-4% annualized—lie back and collect your coins. With exchange reserves at historic lows + sustained ETF inflows + upgrade catalysts, the target by end-2026 is 3000-3500. Don’t run from whale dump scares. If it drops to 2200, that’s actually a good add-on point.

ETH right now is like Bitcoin in 2023—

99% of people think “POS chains have no story left.” Then after ETF approval, institutions voted with their feet, going from 20k to 70k.

The day 2400 breaks through, you’ll realize: it’s not that Ethereum can’t do it—it’s that you can’t hold it. #Gate广场五月交易分享 $BTC $ETH