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Ethereum holds $2,000 but faces weak demand; big holders and firms keep buying amid uncertain outlook.

Market News
31 May 2026
Blockonomi
View Source
Neutral
pluang ai news

Ethereum is trading just above $2,000, a key support level, but shows signs of weakness with fading spot market demand and ETF outflows. Major holders with 100,000+ ETH have increased their positions to 17.41 million ETH, the highest in nine weeks, signaling confidence despite price struggles. Corporate buyers like Bit Digital continue accumulating, purchasing over 8,500 ETH recently. Analysts warn that without a strong close above $2,050, Ethereum could face further declines, though long-term projections remain optimistic with some expecting prices to reach $40,000 as decentralized finance grows.

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