$2260 ETH, do you dare to buy the dip?

ETF outflows of $150 million in one day, $244 million over 7 days, PPI data surges, rate cuts are completely unlikely, addresses pre-mined 10 years ago suddenly revive and transfer to exchanges—yet in the same week, institutions like Jane Street are frantically selling BTC to buy ETH, exchanges withdraw 3 million coins, Nuva moves $19 billion RWA assets on-chain.
First look at the surface: bad news everywhere, but the price hasn't collapsed.
In the past 7 days, ETF outflows totaled $244 million, PPI exceeded expectations, killing the chance of rate cuts, whale addresses revive—sounds like doomsday, right? But ETH rebounded from $2200 to $2259, the box bottom held firm.
The candlestick chart shows: a symmetrical triangle converging at the end, MACD golden cross with increasing volume, RSI 50-60 neutral: a sign of a major trend approaching, don’t get caught sleeping before dawn.
First thing: Glamsterdam upgrade is live, gas fees will drop by 78.6%.
Execution capacity triples, Layer 2 costs decrease again, solving mainnet congestion directly.
In the future, transferring ETH will cost similar to Solana, but with 100 times the security. Developer reflows, user reflows, capital reflows—triple revival.
Second thing: institutions are making an “epic rebalancing.”
Large institutions like Jane Street are clearly reducing BTC ETF holdings while increasing ETH holdings.
Why? Because the BTC ETF narrative has been exhausted, while ETH’s RWA tokenization, staking yields, and upgrade expectations are just beginning. BlackRock leads ETH ETF, JPMorgan submits on-chain money funds, Nuva’s $19 billion assets go on-chain.
Third thing: exchanges withdraw 3 million ETH.
Within a month, 3 million ETH are withdrawn from exchanges, roughly $6.7 billion. Selling pressure in the market is decreasing, while buying interest is increasing, supply and demand are reversing.
On one side:
- Glamsterdam upgrade implemented, gas fees down 78%
- Institutions shifting from BTC to ETH, led by Jane Street
- Exchanges withdraw 3 million coins, supply tightens sharply
- Nuva and others bring $19 billion RWA on-chain, on the eve of explosive growth
- Symmetrical triangle converging, higher probability of an upward breakout
On the other side:
- ETF outflows of $244 million in one week, sentiment under pressure
- PPI surges, no rate cuts this year, macro outlook bearish
- Address pre-mined 10 years ago revive, selling pressure concerns
- Price still below EMA, bearish momentum not gone
Key levels: 2230-2250, the last line of defense for bulls and bears.
Resistance above: 2370-2400 (triangle top + moving average convergence) → 2500 → 2700-3000
Support below: 2230-2250 (intraday low + Fibonacci 0.618) → 2200 (psychological level) → 2100 (strong bottom)
Short-term traders:
Wait for a retracement to 2230-2250 before entering, stop-loss at 2180 (exit if broken), first target 2370-2400, take half profits.
Break above 2400 with volume, chase longs, stop-loss at 2320, target 2500-2700.
Swing traders:
Wait for daily close above 2400 before adding heavily, use dynamic take-profit to hold, target 2700-3000, avoid being shaken out.
Long-term believers:
DCA in the 2200-2300 range, eyes closed.
With Glamsterdam + ETF + RWA triple drivers, a return to 3000+ in late 2026 is highly probable.
If it drops below 2180, cut losses, don’t fight the market.
ETH now is like BTC at the end of 2023—
99% of people are too scared by macro to act, but after ETF approval, it doubles.
The day ETH breaks through 2400, you’ll realize: it’s not that Ethereum can’t do it, it’s that you keep selling before dawn. #Gate广场五月交易分享 #美国4月PPI同比暴涨6% $BTC $ETH 666666