$2306$ETH , 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 tokens in early May—yet just now, exchange reserves dropped to the lowest in history, 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: bearish news can’t suppress, price is holding firm.
In the past 24 hours, it’s up 1.37%, market cap at $279.5 billion, remaining second place, trading volume increased by 30%. The candlestick chart shows: rebounded from a low of 1739, now bouncing between 2200-2400, the 50-day and 200-day moving averages are highly converged—preparing for a golden cross. 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 leaks the big secret.
Exchange ETH reserves dropped to 14.55 million tokens—historical 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 ETH. Meanwhile, BlackRock and Fidelity are also depositing large amounts of ETH into Coinbase Prime.
Key level at 2316, just one breath away from a trend reversal point.
Resistance above: 2370 → 2400 (psychological threshold) → 2500-2700
Support below: 2280-2300 → 2200 (final line of defense) → 2100-2019 (golden ratio support)
Short-term traders:
Wait for a pullback to 2280-2300 before entering, stop loss at 2250, first target 2370-2400. Breakthrough at 2400 with volume, chase directly, stop loss at 2360, target 2500-2600.
Swing traders:
Close above 2400 on the daily chart before entering, use dynamic take-profit to hold, target 2700-3000, don’t get shaken out by manipulation.
Long-term believers:
Invest blindly below 2300, or stake for 3-4% annual yield, collect coins passively. With exchange reserves at historic lows, ETF inflows ongoing, and upgrades catalyzing, the target by end of 2026 is 3000-3500. Don’t be scared off by whale dumps, a dip to 2200 is actually a good re-entry point. #Gate广场五月交易分享