Ethereum Price on May 7 prediction

Ethereum's already sitting above $2,300 at $2,337 — the question isn't whether it's there, it's whether it stays there. With the kind of money flowing in right now, the answer is clearly yes. We've got hundreds of millions in ETF inflows over the past few days. That's not retail noise — that's institutions building positions and betting on a higher future. Whales are accumulating too, snapping up every dip they can find. Big players don't buy like that just to dump in a matter of hours. Sure, one whale moved a chunk of ETH to an exchange, which could add some sell pressure. And yeah, the price is slightly off on the day. But every pullback has been bought back fast — that's what a real floor looks like. Over $22 billion in 24-hour volume backs that up. The weekly and monthly trends are still pointing up, the Glamsterdam upgrade is giving bulls a story to rally behind, and there are no major negative catalysts on the horizon. The price only needs to hold, not moon. With resolution just hours away and the price already comfortably above the mark, I'd back YES here — institutional buyers have built too strong a floor, and the bears simply don't have enough time to tear it down.