$2306 Ethereum, do you want to buy in?

Institutional giant BlackRock is launching a tokenized fund, with ETF daily inflows exceeding $100 million, whales swept up 140k coins in early May— but just now, exchange reserves dropped to a historic low, while a giant whale deposited $178 million into the exchange. Vitalik’s early coin selling records have been dug up, sparking community debate.
First look at the surface: bad news can’t suppress it, price is holding strong.
In the past 24 hours, up 1.37%, market cap at $279.5 billion, holding second place, trading volume up 30%. The candlestick chart shows: rebounded from a low of $1,739, now bouncing between $2,200 and $2,400, with the 50-day and 200-day moving averages highly converged— a bullish crossover signal. MACD shows a bullish crossover, RSI at 59, neutral leaning bullish: a trend reversal is imminent, don’t pick the wrong side.
First thing: institutions are truly buying with real money.
BlackRock plans to launch a tokenized money market fund on Ethereum— this is not small-scale, it’s the world’s largest asset manager moving real assets onto ETH. Spot ETF net inflows in April reached $356 million, over $100 million in a single day in May, with total AUM exceeding $14 billion.
Second thing: on-chain data reveals a secret.
Exchange ETH reserves dropped to 14.55 million coins— a historic low. Whales bought over 140k ETH in early May, worth $322 million. Non-zero addresses exceed 189 million, 320% more than BTC.
Supply is locked in staking, demand is increasing (ETF + institutions).
Third thing: a dangerous signal that can’t be ignored.
A large holder deposited 78,077 ETH into the exchange, worth $178 million. He still holds 300k coins. Meanwhile, BlackRock and Fidelity are also depositing large amounts of ETH into Coinbase Prime.
On one side:
BlackRock tokenized fund + ETF daily inflow of $100 million+
Exchange reserves at historic lows, whales sweeping up 140k coins
Pectra/Glamsterdam upgrade imminent, staking locked over 36 million coins
TVL at $45.4 billion, DeFi dominance unshakable
On the other side:
Whale deposited $178 million into the exchange
Vitalik’s early sell records dug up
Retraced over 53% from the high of $4,953, with a mountain of trapped positions
Macro interest rates still high, no rate cuts in sight
Key level at $2,316, just one breath away from a trend reversal.
Resistance above: $2,370 → $2,400 (psychological threshold) → $2,500-$2,700
Support below: $2,280-$2,300 → $2,200 (final line of defense) → $2,100-$2,019 (golden ratio support)
Short-term traders:
Wait for a pullback to $2,280-$2,300 before entering, stop-loss at $2,250, first target $2,370-$2,400. Breakthrough at $2,400 with volume, chase directly, stop-loss at $2,360, target $2,500-$2,600.
Swing traders:
Only buy after closing above $2,400 on the daily chart, use dynamic take-profit to hold, target $2,700-$3,000, avoid being shaken out. ETH/BTC rate at low levels, a sign of altcoin season starting, but confirmation signals are needed.
Long-term believers:
Invest blindly below $2,300, or stake for 3-4% annual yield, collect coins passively. With exchange reserves at historic lows, ETF continuous inflows, and upgrade catalysts, the target by late 2026 is $3,000-$3,500. Don’t be scared off by whale dumps; a drop to $2,200 is actually a good re-entry point.
ETH now is like Bitcoin in 2023—
99% of people think “POS chains have no story anymore,” but after ETF approval, institutions voted with their feet, going from 20k to 70k.
The day $2,400 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