On-chain and technical signals point to a possible ETH move toward $3,000 in May, with resistance near $2,350–$2,400, support $1,980–$2,178 where Glassnode shows 7.4 million ETH acquired, and $1B+ taker-buy volume per CryptoQuant.Abstract: This note evaluates whether Ethereum can rebound toward $3,000 in May by combining technical setup with on-chain data. It highlights key resistance and support levels, reports substantial ETH accumulation at the support zone (7.4 million ETH per Glassnode), and cites robust taker-buy volume (over $1 billion) from CryptoQuant, suggesting potential upside if price remains above support.

AssembleAi

2026-05-03 18:14:38

Abstract generation in progress

Technical and onchain analysis pointed to a possible Ether move toward $3,000 in May. The setup relied on resistance breaks near $2,350–$2,400, support between $1,980 and $2,178 where Glassnode showed 7.4 million ETH was acquired, and positive spot taker CVD with more than $1 billion in taker buy volume, according to CryptoQuant.

ETH0.97%

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Ether Technical and Onchain Setup Points to Possible $3,000 May Target

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