$2,350 ETH—are you chasing it?

The foundation has been selling coins for three straight weeks. A large player has deposited 6,200 coins into exchanges, and last week ETF net outflows hit $82 million. But just now, 24-hour trading volume surged from 7 billion to 19.5 billion—up 164%. MACD is about to form a golden cross. And the price has been hard-bounced from 2,200 back to 2,350. So is this really a reversal? Or is a dog-whale using the Pectra upgrade to distribute?

First, look at the surface: bearish news is blasting—but the price doesn’t drop.

Over the past 7 days, it’s up 0.9%; over 30 days, up 14%; over a year, up 28%. The market cap is at $284 billion, holding steady in second place. 24-hour trading volume exploded to 19.5 billion—nearly double. The candlestick chart tells you: the descending wedge has converged to its final stage. 2,300 has shifted from a resistance level into a support level. MACD is about to form a golden cross. RSI is 59, neutral but slightly bullish. Every technical indicator is basically shouting one thing: a breakout is imminent—don’t get shaken out of the ride.

First thing: the foundation is selling, but the market doesn’t care anymore.

The Ethereum Foundation’s third OTC sale of 10,000 ETH: average price 2,292. In the past week alone, it sold a cumulative $47 million.

But look—ETH didn’t fall. It bounced from 2,200 to 2,350.

Same news, different outcomes: the first time it dropped 3%, the second time down 1%, and the third time the market simply ignored it.

Second thing: after the Pectra upgrade, Ethereum changed its core.

The validator single-node limit was raised from 32 to 2,048 ETH. Withdrawal time was cut from 12 hours to 45 minutes. The gas limit is expected to jump from 60 million to 200 million.

ETH is shifting from “king of altcoins” to an “enterprise-grade settlement layer.” This is on the same level as the 2020 Bitcoin ETF narrative—back then nobody believed it, and later everyone slapped their own thighs.

Third thing: a technical signal has appeared that must be taken seriously.

Trading volume surged by 164%—this is real money, institutional capital entering, not volume that retail traders can just manufacture. MACD is about to form a golden cross, and a descending wedge breakout is imminent.

On one side:

After the Pectra upgrade, institutional staking interest has skyrocketed

ETF products like Blackstone keep pulling in capital

Up 14% over 30 days—the trend has already turned bullish

On the other side:

The foundation is still selling coins (but the market has already digested it)

A whale deposited 6,200 ETH into exchanges

Last week’s ETF net outflows were $82 million

The key level is 2,350—just 50 dollars away from the life-or-death line at 2,400

Resistance above: 2,400 (bull/bear life-or-death line) → 2,450 → 2,500-2,600

Support below: 2,320-2,330 → 2,230-2,200 (iron bottom)

For short-term traders:

Wait for a pullback to 2,320-2,330 to enter, set a stop-loss at 2,290 (if it breaks, get out). Take the first target at 2,400 and sell half. After 2,400 breaks, chase longs with a stop-loss at 2,360, targeting 2,500-2,600. Don’t chase the high—if you buy into this level, one correction and you won’t be able to hold.

For swing traders:

Wait until the daily close holds above 2,400 before getting on. Use dynamic take-profit to hold. Target 2,600-2,800. Don’t let manipulation shake you out.

For long-term believers:

Place bids blindly below 2,300. The ETH/BTC ratio is at a historic low—this is a classic precursor to the start of altcoin season. End of 2026 target: 3,000-3,500. You’re betting on the Pectra upside plus an institutional staking positive feedback loop. But remember—once 2,400 truly breaks, don’t get greedy. Stand firm first, then add.

ETH right now is like Bitcoin in 2020—

99% of people thought “it’s too big to move,” but after the ETF went through, it went straight from 40,000 to 70,000.

On the day 2,400 breaks, you’ll realize: it’s not that Ethereum can’t go higher—it’s that you couldn’t hold. #美国寻求战略比特币储备 $BTC $ETH