Ethereum Adds $3.8B in Capital Post-Pectra as Price Eyes $2,739 Breakout

Ethereum (ETH/USD) is seeing a real boost in investor confidence after the Pectra upgrade on May 7. According to Glassnode’s on-chain data, Ethereum’s Realized Cap—a measure of coins by last transaction price—has gone up to $244.6B from $240.8B on upgrade day. That’s a $3.8B inflow in just a few days, new money coming in.

Realized Cap is a proxy for total invested capital. Before the Pectra rollout, ETH had a 3 month decline in this metric, same as the price drop from the Feb highs. But the upgrade (which improved staking and transaction throughput) seems to have reversed that trend.

• Realized Cap increase: $3.8B since May 7

• Capital inflow growth: 1.6%

• Price rise: From $1,800 to $2,550+

Despite the inflows, network activity hasn’t grown as much, so this is mostly investor driven for now.

Ethereum Above Key Support

Technically, Ethereum is holding at $2,556. It bounced from the 38.2% Fib at $2,376 and reclaimed the 50-EMA ($2,509) which was support since early May. The recent bullish engulfing candles and higher lows are bullish.

The MACD also supports this, with a bullish crossover and green histogram. Price is above the 23.6% Fib ($2,515) so $2,600 is the next short term resistance.

ETH Trading Setup: Levels to Watch

For active traders, two setups:

• Breakout: A clean move above $2,600 could be the way to the recent high at $2,739.

• Pullback: A dip to $2,515-$2,500 is a lower risk long, especially if the trendline holds.

Be cautious below $2,475 where the higher low structure breaks. For now, ETH’s tech and capital flow is bullish but fragile.