Ethereum slipped to $2,310 on May 5 before bouncing to $2,361, even as whale wallets purchased over 140,000 ETH (~$322 million) in just 96 hours, per CoinMarketCap. Total spot Ethereum ETF assets now sit near $13.7 billion, with BlackRock's ETHA leading at $7.34 billion.
Tom Lee Declares 'Crypto Spring' as ETF Inflows Reverse
Tom Lee of Fundstrat told CoinDesk a "crypto spring" has begun, citing the CLARITY Act and sustained ETF inflows. After five straight months of outflows, spot ETH ETFs pulled in over $452 million this month, bringing cumulative flows to $12 billion. The May hard fork lifts per-block gas from 60 million to 200 million — a 3.3x increase — cutting costs and boosting throughput toward 10,000 TPS.
Standard Chartered and Fortune Set High Targets; Accumulation Wallets Build
Standard Chartered maintains a $7,500 price target for Ethereum, while Fortune keeps $10,000 on the table. Accumulation wallets added 6.45 million ETH over 15 weeks. Market cap stands at $288 billion, roughly 52% below the all-time high of $4,946 from August 2025.
Pepeto Presale Clears $9.89M Ahead of Expected Binance Listing
On the altcoin side, Pepeto — a project built by the same co-founder behind the original Pepe — has raised over $9.89 million in its presale at $0.0000001868. The project features a fee-free cross-chain bridge across Ethereum, BNB Chain, and Solana, an AI contract scanner, and a 175% APY staking mechanism. Analysts call Pepeto the strongest 'next-Pepe' setup, but investors should note the high risk typical of presale tokens. Key support for ETH sits at $2,310, with resistance at $2,650 and $3,175.