Why Ethereum is Stuck Under $2.4K

Added: 2026-05-16

[00:00:00]Why can't ETH seem to break 2400? It's tested this resistance five times in the last month [music] and failed every single time. Here's the data explaining why. First, the institutional engine is stalling. Since March, [music] spot Bitcoin ETFs pulled in 4.5 billion, but ETH ETFs only 500 million. Without that massive spot demand, ETH [music] is losing its upward momentum. Second, traders are pulling back. Leverage on Binance peaked in mid-March, but has since plummeted. [music] As the price slipped below 2350, long positions were liquidated or just closed out, removing the fuel for a sharp breakout. Finally, there's a supply problem. Binance ETH reserves just hit a massive 3.8 million ETH, the highest that we've seen in months. [music] This means more supply is sitting on exchanges ready to be sold, creating heavy overhead pressure. Bottom line, analysts say ETH needs a massive wave of fresh spot demand to flip 2400 into support. [music] Until then, we're stuck in the range. So, are you buying this dip or are you waiting for the breakout?

[00:01:05][music] Let me know with your comments down below.