What to know:
- Ethereum price stayed above $2,300 despite market selling pressure, signaling continued investor confidence.
- Institutional demand increased as Jane Street reportedly boosted its Ethereum ETF exposure by nearly $82 million.
- Technical indicators suggest ETH may face short-term pressure, with key support currently near the $2,247 level.
Ethereum price remained stable around the $2,300, after the ETH managed to hold the level amid increased market selling pressure. New developments in the Ethereum price happen when it appears that new money is flowing into the blockchain despite occasional downtrends.
At the time of writing, ETH is trading at $2,316.20, up 2.08% over the last 24 hours. The ETH recorded a daily trading volume of $24.12 billion, while its market capitalization reached $277.94 billion. The recovery in the Ethereum price has attracted attention from analysts who believe the asset could maintain strength if buying activity continues.
Source: CoinMarketCap
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Ethereum ETF Demand Keeps Rising
On May 14, 2026, a crypto analytics firm, Alphractal, highlighted that Ethereum’s “Realized Cap Impulse” indicator remained positive despite the downturn in the market. The firm noted that despite Ethereum’s 3% drop and trading at levels close to $2,301, net new funds continued flowing into the network.
Source: Alphractal’s X Post
According to Alphractal, the positive trend of the realized cap implies further accumulation during weak periods from investors. Furthermore, according to the publication, large investment bank Jane Street has increased its Ethereum ETF position by almost $82 million in the first quarter of the year, while at the same time decreasing exposure to Bitcoin and MicroStrategy positions.
Ethereum Price Tests Critical Support
From the perspective of technical indicators, it is believed that the price of Ethereum could still encounter some short-term selling pressures before making a new attempt for a breakout to the upside. The RSI reading is now 49.94, just a bit lower than the 50 reading, while its moving average still holds steady at 52.88.
Source: TradingView
Meanwhile, the MACD technical analysis tool is now indicating less momentum. The MACD line is now at 8.29, which is lower than the signal line, which is at 17.92. The histogram is still negative at -9.63.
With more selling pressure, the price of Ethereum will test support around its 50-day moving average at $2,247. Nevertheless, institutional demand and continuous capital flow in the blockchain platform can allow Ethereum to sustain itself in case there is an improvement in the broader cryptocurrency market environment.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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