Ethereum price prediction: Holding near $2,083–$2,209 range? ETH down 3.31%

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Ethereum slides 3.31% to $2,113.31 today

Highlights

Harvard University exited its $86.8 million spot Ethereum ETF stake, intensifying institutional outflows and raising available supply.
Weekly Ethereum ETF outflows totaled $255 million, with increased whale deposits and short positioning driving additional selling momentum.
ETH trades under key technical levels with oversold indicators, strong seller dominance, and next-week range projected between $2,083 and $2,209.

Redemption-driven supply increases as major endowment exits ETF holdings

Harvard University's endowment fully liquidated its $86.8 million position in BlackRock’s spot Ethereum ETF on May 17, 2026, reducing a major institutional holding and directly increasing available supply in the market. The move occurred alongside $255 million in weekly Ethereum ETF outflows and a rise in whale deposits and short positioning, adding further selling momentum. While Dartmouth College rotated its institutional Ethereum ETF exposure and Intesa Sanpaolo maintained its holdings, these actions offered limited offset within a week characterized by significant redemption-driven pressure.

Oversold readings and weak momentum as resistance caps ETH recovery

ETH is trading below the MA-20 at $2,291.09, MA-50 at $2,258.00, and MA-200 at $2,602.85, with the Ichimoku Kijun currently positioned at $2,293.15—this level marks immediate overhead resistance. Momentum indicators show MACD in sell territory and ADX at weak levels, confirming limited trend strength. Both the RSI and CCI indicate oversold conditions, as does the Stoch RSI. Bull/Bear Power (BBP) signals strong seller dominance intraday, while the Awesome Oscillator also aligns with the ongoing downtrend. Today's session opened with a gap down, and the price is now near the session's low at $2,106.96, with volatility moderate and sellers retaining control.

Sideways trading expected as technical structure limits rebound odds

In the short term, ETH is expected to fluctuate primarily within the $2,083 to $2,209 volatility band relative to current levels over the next five trading days. A sideways scenario would see prices consolidating within this range, with limited immediate recovery. Should the price break above $2,209, it could next target resistance at $2,293, but such a rebound remains unlikely based on current technical structure. If ETH breaks down below $2,083, further declines toward new short-term lows may unfold, in line with ongoing negative momentum observed across daily and weekly charts.

Viktoras Karapetjanc, expert at Traders Union, sees the latest ETF outflows and Harvard’s exit as a clear negative signal for institutional sentiment around Ethereum. He notes that ongoing selling by large holders and a lack of inflow offset point to sustained supply-side pressure. However, macro and regulatory factors could still alter the picture if broader sentiment shifts. "I remain constructive longer term, but for now institutional outflows and weak momentum mean the path of least resistance is sideways to lower."

Earlier, analysts noted that Ethereum was facing persistent downside risk amid weak momentum and sustained institutional outflows. The latest price action and continued rotation among major ETF holders reinforce this bearish outlook, making a potential breakdown below $2,083 an important risk to monitor in the days ahead.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.