Would you dare to buy ETH at $2,275?

Whales have deposited $574 million into exchanges, ETF outflows reach $100k in a day, and the foundation is still selling—yet the 50-day moving average crosses above the 200-day, with technical analysts calling for a "golden cross," targeting 2,680.
At first glance: bad news hits the market, but the price doesn't collapse.
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. The candlestick chart shows: the bottom of the downtrend channel has held three times, 2,180-2,200 acts as a strong support. RSI at 50 indicates neutrality, MACD just turned positive, and ADX shows a brewing trend: a turning 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. Listed 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 hand, one whale deposited $574 million into exchanges, another stored 8,771 ETH (worth $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, and gas efficiency is greatly improved. Glamsterdam upgrade is scheduled for the first half of this year, aiming for over 10,000 TPS, with 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 for withdrawal. Staking yields 4-6% annually, plus the deflationary burn from EIP-1559, making long-term holders unwilling to sell.