Ethereum Price Prediction: JPMorgan Builds On Ethereum While BlackRock Pulls $102M Out In One Day

• JPMorgan filed to launch JLTXX, a second tokenized Treasury fund on Ethereum, structured to qualify as a reserve asset under the GENIUS Act
• ETH spot ETFs recorded $130.62M in outflows on May 12, led by BlackRock’s ETHA at $102.04M, as total net assets slipped to $13.39B
• Volume rose 12.32% to $38.86B with open interest up 3.69%, while shorts absorbed $9.01M in 24h liquidations against $48.77M for longs

Ethereum trades at $2,300 on May 13, holding inside a rising wedge on the daily chart as JPMorgan files its second tokenized Treasury fund on the network and spot ETFs post their largest single-day outflow in weeks.

ETH Daily Chart: Wedge Tightening Below the SAR and 100 EMA

The daily chart shows ETH recovering inside a rising wedge since the February low near $1,800. Price has reclaimed the 20 EMA at $2,311 and 50 EMA at $2,275, both now sitting as dynamic support. The 100 EMA at $2,341 is the immediate ceiling, with the Parabolic SAR at $2,420 bearish and overhead.

The wedge is narrowing. Upper rail is approaching near $2,400, lower rail holding near $2,200. Price has been oscillating inside this range since April without a clean directional break. Until ETH closes a daily candle above the SAR at $2,420, the trend has not technically flipped. The 200 EMA at $2,578 is the macro target above that.

Key levels for ETH:

• Resistance: $2,341 (100 EMA), $2,420 (SAR), $2,578 (200 EMA)
• Support: $2,311 (20 EMA), $2,275 (50 EMA), $2,200 wedge base
• Wedge apex: approaching, directional break due

ETH Spot ETF Outflows: BlackRock Led the Exit

ETH spot ETFs recorded $130.62M in net outflows on May 12, the largest single-day exit in recent weeks. BlackRock’s ETHA led with $102.04M out, followed by Fidelity’s FETH at $36.98M. BlackRock’s smaller ETHB bucked the trend, pulling in $11.75M. Cumulative net inflows across all ETH spot ETFs still sit at $11.94B with total net assets at $13.39B.

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The outflow follows two positive days on May 5 and May 6 that pulled in $97.57M and $61.29M respectively. The pattern over the past month is volatile, swinging between large inflows and sharp outflows, which reflects institutional traders actively repositioning rather than steady accumulation.

ETH Derivatives: Volume and OI Both Rising

Volume climbed 12.32% to $38.86B while open interest rose 3.69% to $34.46B. Both moving higher together means new positions are being built, not just recycled. Options volume jumped 13.36% to $1.28B with options OI up 3.29% to $7.26B, pointing to traders positioning for a larger move ahead.

Retail on Binance sits long at 2.6483. OKX shows 2.33. Top traders on Binance hold 1.248 by positions, far more neutral than retail. Over 24 hours, $48.77M in longs were liquidated against $9.01M in shorts. Longs are absorbing more than five times the short pain, which is overleveraged retail getting cleared near resistance, not a squeeze setup.

JPMorgan’s Second Tokenized Treasury Fund Runs on Ethereum

JPMorgan filed with the SEC to launch JLTXX, the JPMorgan OnChain Liquidity-Token Money Market Fund, a tokenized Treasury vehicle built on Ethereum via its Kinexys Digital Assets platform. The fund invests exclusively in US Treasury securities and Treasury-collateralized overnight repurchase agreements, and is structured to qualify as an eligible reserve asset under the GENIUS Act, meaning stablecoin issuers can use it to meet reserve requirements.

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JLTXX is JPMorgan’s second tokenized money market fund on Ethereum after MONY, launched in December 2025 with $100M. The prospectus notes the fund may expand to other networks beyond Ethereum. JPMorgan’s Kinexys platform has already processed over $3 trillion in cumulative transactions, and this filing adds another layer of institutional infrastructure being built on Ethereum rails, alongside similar moves from BlackRock and other major institutions.

Ethereum Price Prediction: Upside and Downside for May 14

• Upside: Daily close above the SAR at $2,420 flips the trend and opens a move toward the 200 EMA at $2,578. JPMorgan institutional momentum on Ethereum and ETF inflows resuming would both accelerate the case.
• Downside: Wedge breakdown below $2,200 puts $2,000 back in play. Continued large ETF outflows with retail longs getting liquidated near resistance is the path that gets there.