Ethereum trades at $2,223, 8% below a key resistance level, as ETF outflows and upgrade catalysts shape near-term price action.
Ethereum (ETH) is trading at $2,223, nearly 8% below the $2,400 resistance level that has capped recoveries since March. The cryptocurrency remains 55% below its August 2025 all-time high of $4,946, with May performance under pressure.
On May 13, 2026, Charles Schwab enabled direct spot Ethereum trading for its 39 million account holders, coinciding with $36.3 million in net ETF outflows—the largest single-day exit in three weeks. BlackRock led the sell-off with $22.3 million in outflows. Meanwhile, the upcoming Glamsterdam upgrade, set for June 2026, aims to triple Layer 1 transaction throughput, though the market has yet to price in the potential impact.
Failure to close above $2,400 by month-end could shift focus to support levels, while a breakout may hinge on ETF flows and upgrade adoption.