Ethereum (ETH) was already there under sturdy sales pressure in recent weeks, leaving many retail investors unsure when to enter the market. However, Lingrid, TradingView cryptocurrency expert, has stepped in, pointing out an area it calls the “kill zone,” which is an ideal entry point for traders looking to buy ETH at the best possible price before its next major move higher.

Analyst flags Ethereum’s death zone as a top buy area

May 20 Lingrid common TradingView’s modern Ethereum price analysis, showing what it thinks perfect shopping zone for investors and traders looking to accumulate during the current market decline.

According to the expert, ETH recently broke sharply from the “major shaded wedge pattern” marked in the attached chart. She noted that the outage created a huge leverage effect, pushing the ETH price to $2,070. She added that the move did its job by removing the case over-indebted items and paves the way for ETH to potentially revive again.

Lingrid further noted that Ethereum’s price is holding steady just above a long-term rising macro support line, which she believes confirms the existence of a structural bottom. Based on that, she ETH recovery planindicated by the purple arrow in the chart, aims to cleanly recover the damaged structure, reaching an amount of $2,300.

It’s worth noting that Lingrid did this warned of a potential trap against traders who low this split. She said retail investors are already there panic selling the recent breakout of the wedge boundary, missing the main rising macro trend line just below it.

She also noted that institutional investors are quietly taking advantage of ETH’s $2,100 liquidity zone collect spot Ethereum ETFs at a much lower price, preparing to trap overdue low sellers when prices rise again. For traders looking to enter the market, Lingrid puts the ideal Ethereum buying zone between $2,100 and $2,135. She described this area of ​​accumulation as the cryptocurrency’s “kill zone” and set a stop-loss of $2,040 for risk managers in trading.

ETH Eyes $2,300 Fast as Institutions Build Up

In her analysis, Lingrid noted that her main price target for Ethereum is a potential move towards $2,300, which coincides with the upper internal trendline on her chart. She believes that ETH’s momentum and configuration are sturdy enough to push its price to this level in a relatively low period of time.

On a more technical note, Lingrid noted that as of Wednesday, May 20, 2026. Gas fees on the Ethereum mainnet dropped to a 12-month low of 3 gwei following a successful optimization patch linked to Pectra improvement. It argued that this development provides fundamental support to its bullish outlook.

Lingrid also noted that the broader digital asset market came under pressure earlier this week as a result of structural adjustments by the Federal Reserve newly appointed Fed Chairman Kevin Warsh. Still, the analyst stressed that Ethereum’s on-chain data shows that the inflow of institutional bets has quietly increased over the past 24 hours.

She concluded that the artificial sell-off intended to flush out retail positions and allow institutions to accumulate ETH at lower prices has now ended. Lingrid believes that once this phase ends, the Ethereum price is finally preparing to quickly return to the $2,300 level.

Featured image from CFI, chart from TradingView