$2,275 of $ETH , do you dare to buy the dip?

Whales deposited $574 million into exchanges, ETF outflows hit $100k in one day, and the foundation is still selling— but the 50-day moving average crosses above the 200-day, with technical analysts calling for a "golden cross," targeting 2,680.
First look at the surface: bearish pressure pushes down, but the price hasn't collapsed.
In the past 7 days, it has risen slightly by 1.5%, over 30 days up 2.3%, with prices oscillating between 2,200 and 2,400.
K-line tells you: the bottom of the downtrend channel has held three times, 2,180-2,200 acts as a strong support.
RSI at 50 is neutral, MACD just turned positive, ADX indicates a brewing trend: a trend reversal point has arrived— either a sharp rise or a sharp fall.
First thing: institutions are buying, whales are selling.
BitMine already holds 5.1 million ETH, accounting for 4.29% of the total supply, and is still buying 100k ETH weekly.
85% is staked, earning $1 million daily in passive income.
Public companies hold over $16 billion worth of ETH, accounting for 6.06% of the total supply, and have been increasing their holdings over the past 18 months.
On the other side, one whale deposited $574 million into exchanges, another stored 8,771 ETH ($20 million).
ETF outflows continue, with a net outflow of $100 million on May 7 alone.
Second thing: Pectra upgrade has been implemented.
EIP-7251 raised the staking limit from 32 to 2,048, layer 2 fees are further reduced, gas efficiency greatly improved.
Glamsterdam upgrade launched in the first half of this year, targeting over 10,000 TPS, layer 2 costs cut by another 70%.
ETH has transformed from a "congested old road" into an "eight-lane highway."
Third thing: 30% of ETH is locked in staking.
3.81 million ETH are queued for staking, with far more in the queue than in un-staking.
Staking yields 4-6% annually, plus EIP-1559 burn deflation, making long-term holders unwilling to sell.
Key level: 2,275, only about $100 away from the iron bottom at 2,180.
Resistance above: 2,380-2,400 (7-month high, three attempts failed) → 2,420 (the dividing line between bulls and bears) → 2,680-3,000.
Support below: 2,250 → 2,180-2,200 (iron bottom, held three times) → 2,000 (black swan level).
Short-term traders:
Wait for a pullback to 2,200-2,250 to buy in batches, stop-loss at 2,170 (exit if it falls below), first target to take half profits at 2,380-2,400.
Breakthrough above 2,400, chase longs, stop-loss at 2,360, aiming for 2,600-2,800.
Swing traders:
Wait for the daily close above 2,400 before entering, use dynamic take-profit to hold, target 2,680-3,000.
2,420 is the dividing line; a confirmed break indicates a bull market signal.
Long-term believers:
Invest blindly below 2,200, ETH now is very similar to BTC in 2020.
Staking yields 4-6% annually + deflation, holding without action is better than keeping in the bank! $ETH ‌#Gate广场五月交易分享