Ether Eyes Next Rally With Daily Close Above $2,100

Ether is the native asset of the Ethereum network and a key foundation for trading and settling tokenized funds. JPMorgan and BlackRock plan to launch tokenized funds on Ethereum, reflecting major financial institutions’ efforts to bring traditional asset management onto blockchain rails. The plans have therefore become an important gauge of institutional adoption and demand for ETH.

According to the latest report, ETH had recovered to $2,300, though no exact publication date, fund size or launch schedule was provided. Traders said the price remained in a bottoming consolidation phase, with $2,400 serving as key near-term resistance. A decisive break above that level could trigger a stronger rally, while rejection would leave the market vulnerable to a pullback.

Ethereum is one of the largest smart-contract and DeFi ecosystems, and the price of ETH influences both on-chain capital flows and institutional risk appetite. Since April 14, 2026, ETH has largely traded between $2,250 and $2,400. The $2,400 level has rejected rallies five times within a month, making it a key dividing line between bulls and bears.

On May 8, ETH fell more than 5.6% to $2,275 after another rejection at $2,400. Nansen reported that transaction volume fell 10% to 4.79 million, while active addresses declined 8% to 2.5 million. The Coinbase Premium has been negative since April 27, and U.S. spot ETFs recorded net outflows of $103 million on May 7. The chart pattern points to a potential decline toward $1,830.

Ether has rebounded about 39% from multiyear lows below $1,750 and is again closing in on resistance near $2,400. CryptoQuant defines wallets that only receive coins without sending them as “accumulation addresses,” which typically signal positioning by long-term holders or institutions. Their average daily inflows in 2026 stand at about 200,000 ETH, making their activity an important gauge of market confidence.

Cointelegraph reported on May 6, 2026, that CryptoQuant data showed accumulation addresses added 246,620 ETH on May 5, worth about $592 million at the time. Technically, if $2,400 turns from resistance into support, an ascending-triangle pattern points to a target of about $3,315, while an extended rally could test $3,500. Failure to hold the level would leave Ether at risk of a pullback.

Ether (ETH), the Ethereum network's native asset, often reflects onchain activity and risk appetite in the broader crypto market. Citing TradingView on April 28, Cointelegraph reported that ETH had fallen below $2,300 and was trading between its 100-day exponential moving average of $2,350 and its 100-day simple moving average of $2,220. The $2,200 level was seen as crucial support for bulls seeking to avert a deeper correction.

A May 18 report showed ETH had fallen 12% from its May 6 peak of $2,420, touching a low of $2,090 on May 17. CryptoQuant said hourly taker sell volume on Binance had exceeded $1.1 billion, while U.S. spot Ether ETFs recorded $255 million in net outflows over five days. About 3.85 million ETH had a cost basis between $2,000 and $2,100, and a break below $2,000 could send the price toward $1,700.