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Ethereum holds steady near $2,375 as large holders buy amid cautious retail selling.

Technical Signals
06 May 2026
Blockonomi
View Source
Neutral
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Ethereum is trading around $2,370–$2,380, up 0.8% daily and over 3% weekly. While smaller holders have sold about 1.5 million ETH in two weeks, large wallets have bought 230K ETH, balancing the market. Exchange withdrawals hit an eight-month low in April, indicating cautious investor behavior. Technical resistance lies at $2,388–$2,400, with a potential move toward the 200 SMA at $2,680 if key levels break.

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