Ethereum Nears Key $2,700 SMA as Institutional Inflows Hit $205 Million

ETH nears $2,700 SMA with $205M in weekly inflows, leading crypto ETPs in institutional demand.

Wallets holding 1,000+ ETH rose 15%, signaling strong whale accumulation and long-term interest.

ETH targets $3,600 if it breaks above resistance at $2,700, $2,992, and the $3,000 futures gap.

Ethereum (ETH) is once again testing a key resistance level at the 200-day Simple Moving Average (SMA), currently near $2,700. Traders are watching closely as breaking above this mark could signal the start of a broader rally toward $3,500–$3,600. The asset has gained traction in recent weeks alongside Bitcoin’s rise to new all-time highs.

Ethereum Gains Momentum with Institutional Support and Whale Accumulation

According to analysis prepared by CoinShares on May 19, 2025, ETH-based investment products saw $205 million in weekly inflows, making it the most favored asset among crypto ETPs

This inflow brought ETH’s year-to-date total to over $575 million, reinforcing the demand from institutional investors. Meanwhile, Glassnode data accessed on May 22 shows a 15% increase in wallets holding over 1,000 ETH, suggesting growing accumulation

Source :Rekt Capital(X)

On-chain analyst Rekt Capital also noted that Ethereum has successfully retested a long-term support level, reducing the likelihood of a deep pullback. These signals combined with rising demand and supply constraints could strengthen bullish momentum.

Technical Indicators Point to Key Resistance at $2,700 Before Major Breakout

Ethereum’s current price stands at $2,651, trading near the critical 200-day SMA. A break above $2,700 would indicate a bullish breakout. Cas Abbe, a crypto trader, mentioned on May 22 that a futures gap at $3,000 may act as a price magnet, supporting further upside

Source :Cas Abbe(X)

TradingView charts show strong support between $2,385 and $2,525. Resistance levels to watch include $2,850 and $2,992. A decisive close above these levels could push ETH toward its next targets at $3,225 and $3,600. With Bitcoin’s momentum and ETH volume rising, traders are closely watching for confirmation of the breakout.

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