Can ETH Reach $2,300? Record Staking Must Outweigh Steady Ether ETF Selling

Three Things to Know Ether lost a key round number this week as tech stocks slid, even while stakers locked up a record share of supply. The daily chart looks deeply oversold, yet momentum still favors sellers and no bottom is confirmed. A firm band of resistance just under $2,300 now decides whether any rebound can turn into a real recovery. Ether broke below a closely watched round number on Thursday after a tech stock selloff spilled into crypto. Investors kept staking anyway, pushing locked supply to an all-time high while US spot ether funds bled cash for days. That split defines the market right now. Traders want to know whether staking demand can outlast the ETF exits.

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