Ethereum: Institutions Buy in $2,100 'Kill Zone'... "Shake Out Retail Investors and Target $2,300"

▲ Ethereum (ETH)/AI Generated Image

Amidst Ethereum (ETH) recently being shaken by strong selling pressure, TradingView cryptocurrency expert Lingrid presented a new buying zone. He identified the range between $2,100 and $2,135 as the most favorable entry point before Ethereum's next upward movement, describing this zone as a "kill zone."

NewsBTC reported on May 23 (local time) that Lingrid's analysis, released on May 20, suggested an ideal buying zone for Ethereum. Lingrid analyzed that Ethereum recently broke strongly from a major rising wedge pattern, and this movement triggered a large-scale liquidation of leveraged positions, pushing the price down to $2,070. He viewed this decline as having completed its role in clearing excessive leveraged positions, thereby creating a foundation for subsequent recovery.

Lingrid noted that Ethereum's price held strong just above a long-term bullish macro support line. He interpreted this trend as a signal of a structural bottom formation, suggesting that the recovery path on the chart could lead to $2,300 after reclaiming the broken structure.

He warned that this downward breakout could be a trap for traders taking short positions. Lingrid pointed out that retail investors are panic selling based only on the broken wedge boundary, but are missing the key macro uptrend line directly below.

Lingrid analyzed that institutional investors are quietly accumulating Ethereum spot ETFs at lower prices by utilizing the $2,100 liquidity zone. He believed that investors who enter short positions late could get trapped when the price rises again. Lingrid proposed a buy entry zone between $2,100 and $2,135 and set a stop-loss at $2,040 for risk management.

Technical backgrounds were also mentioned as supporting factors for the bullish outlook. Lingrid explained that as of May 20, 2026, Ethereum mainnet gas fees had dropped to a 12-month low of 3 gwei after optimization patches related to the Pectra upgrade. He assessed that lower gas fees add a fundamental supporting factor to the bullish outlook for Ethereum.

Lingrid pointed out that the overall digital asset market was pressured earlier this week due to structural adjustments under the new Federal Reserve Chairman Kevin Warsh. However, he emphasized that Ethereum on-chain data showed a quiet increase in institutional staking inflows over the past 24 hours.

Lingrid believed that the selling phase, which was designed to shake out retail investor positions and allow institutions to accumulate Ethereum at lower prices, has ended. He analyzed that with this phase now passed, Ethereum is preparing for a swift rebound towards $2,300.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*