Ethereum: Institutions Buy at $2,100 'Kill Zone'...'Shake Out Retail Investors and Shoot for $2,300'

▲ Ethereum (ETH)/AI Generated Image

As Ethereum (ETH) has recently been shaken by strong selling pressure, TradingView crypto expert Lingrid presented a new buying zone. He identified the area between $2,100 and $2,135 as the most favorable entry zone before Ethereum's next upward movement, calling it the “kill zone.”

NewsBTC reported on May 23 (local time) that Lingrid presented Ethereum's ideal buying zone in an analysis published on May 20. Lingrid analyzed that Ethereum recently broke strongly out of a major rising wedge pattern, and this movement triggered a massive 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 and subsequently laid the groundwork for recovery.

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

He warned that this could be a trap for traders taking short positions following this downward breakout. Lingrid pointed out that individual investors are engaging in panic selling just by looking at the broken wedge boundary, but they are missing the major macro upward trendline directly below it.

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 entered short positions late could get trapped when the price rises again. Lingrid suggested an entry zone for buying between $2,100 and $2,135 and set a stop-loss price of $2,040 for risk management.

Technical background was also mentioned as a factor supporting the bullish outlook. Lingrid explained that as of May 20, 2026, Ethereum mainnet gas fees had decreased to 3 gwei, their lowest level in 12 months, following 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 as structural adjustments proceeded under the new Federal Reserve Chairman Kevin Warsh. However, he emphasized that institutional staking inflows quietly increased over the past 24 hours in Ethereum on-chain data.

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 now that this phase is over, Ethereum is preparing for a rapid rebound towards $2,300.

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