Ethereum Price Stalls Below $2,700 As BlackRock Buys In, On-Chain Signals Build

Ethereum ETH/USD traded at $2,625 after gaining 44% over the past month. The rally is cooling, with the price consolidating just below the $2,700 resistance. The price action looks positive amid major firms scooping up ETH, ticking ETF inflows, healthy on-chain activity, and bullish chart patterns.

BlackRock Inc BLK disclosed a $357 million crypto allocation through its iShares Bitcoin Trust, acquiring 28,239 ETH and 2,704 Bitcoin BTC/USD. The move follows the recent approval of spot Ethereum ETFs in the U.S. and signals growing institutional conviction.

According to Sosovalue, Ethereum ETFs posted $285.84 million in inflows during May end, while BTC ETFs saw $157.40 million in outflows. It was Ethereum’s strongest inflow week since December of last year.

Ethereum is forming an ascending triangle on the daily chart with $2,475 support, according to Bitcoinsensus. RSI is pressing against a downtrend, and a break above $2,700 could open the door to a 15% move. Derivatives markets confirm the setup. Open interest has risen in tandem with spot consolidation, indicating traders are positioning for a breakout.

The Ethereum Foundation announced that they’ll maintain a 2.5-year expense buffer and cap annual spending at 15%, gradually tapering to 5% by 2030. Quarterly disclosures to its board will be mandatory. The move is designed to build developer confidence amid volatile markets and comes as the ecosystem continues to mature.

Market-wide pullbacks contributed to dragging ETH down to $2,539, a 3.27% dip. Bitcoin lost over 3%. Trading volume for Ethereum jumped 6.6%, indicating elevated activity. Big players are quietly scooping up more ETH, and on-chain data shows coins moving off exchanges, both a classic bullish signal.

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Retail sentiment remains cautious. The choppy price action has sidelined casual traders, giving institutions greater influence on direction. With spot ETFs live, and Ethereum’s scaling roadmap gaining traction, sentiment may shift once macro headwinds ease and confidence returns.

Traders are watching the $2,680–$2,850 range. According to Rananjay Singh, a decisive move through the zone could trigger a new leg up, attracting fresh liquidity and validating bullish fractal setups. Ethereum is stuck in a tight range, but all the pieces seem to be falling into place.

Analysts point to strong accumulation and bullish technicals, but near-term price action depends on how ETH navigates current levels. Global macro signals can shift quickly, so it’s wise to stay on guard.

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