Growth Points Round 1️⃣ 1️⃣ Summer Lucky Grand Draw is on fire!
Draw now for your chance to win an iPhone 16 Pro Max and exclusive merch!
👉 https://www.gate.com/activities/pointprize?now_period=11
🎁 100% win rate! Complete simple tasks like posting, liking, commenting in Gate Post to enter the draw.
iPhone 16 Pro Max 512G, Gate hoodies, Sportswear, popular tokens, Futures Vouchers await you!
Collect just 2 fragments to easily redeem Gate merch—take your rewards home!
Ends on June 4th, 16:00 UTC. Try your luck now!
More info: https://www.gate.com/announcements/article/45185
Ethereum Nears Key $2,700 SMA as Institutional Inflows Hit $205 Million
ETH nears $2,700 SMA with $205M in weekly inflows, leading crypto ETPs in institutional demand.
Wallets holding 1,000+ ETH rose 15%, signaling strong whale accumulation and long-term interest.
ETH targets $3,600 if it breaks above resistance at $2,700, $2,992, and the $3,000 futures gap.
Ethereum (ETH) is once again testing a key resistance level at the 200-day Simple Moving Average (SMA), currently near $2,700. Traders are watching closely as breaking above this mark could signal the start of a broader rally toward $3,500–$3,600. The asset has gained traction in recent weeks alongside Bitcoin’s rise to new all-time highs.
Ethereum Gains Momentum with Institutional Support and Whale Accumulation
According to analysis prepared by CoinShares on May 19, 2025, ETH-based investment products saw $205 million in weekly inflows, making it the most favored asset among crypto ETPs
This inflow brought ETH’s year-to-date total to over $575 million, reinforcing the demand from institutional investors. Meanwhile, Glassnode data accessed on May 22 shows a 15% increase in wallets holding over 1,000 ETH, suggesting growing accumulation
Source :Rekt Capital(X)
On-chain analyst Rekt Capital also noted that Ethereum has successfully retested a long-term support level, reducing the likelihood of a deep pullback. These signals combined with rising demand and supply constraints could strengthen bullish momentum.
Technical Indicators Point to Key Resistance at $2,700 Before Major Breakout
Ethereum’s current price stands at $2,651, trading near the critical 200-day SMA. A break above $2,700 would indicate a bullish breakout. Cas Abbe, a crypto trader, mentioned on May 22 that a futures gap at $3,000 may act as a price magnet, supporting further upside
Source :Cas Abbe(X)
TradingView charts show strong support between $2,385 and $2,525. Resistance levels to watch include $2,850 and $2,992. A decisive close above these levels could push ETH toward its next targets at $3,225 and $3,600. With Bitcoin’s momentum and ETH volume rising, traders are closely watching for confirmation of the breakout.
The post Ethereum Nears Key $2,700 SMA as Institutional Inflows Hit $205 Million appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.