Ethereum is showing signs of a major breakout after flipping a corrective price channel. This shift suggests the start of an impulsive wave, signaling potential strong upside momentum. Traders should watch for confirmation above key levels as the path for the next leg up begins to take shape. Wave 3 In Motion: Preparing For A Strong Upside Move Charting an expected path for Ethereum on the 4-hour timeframe, Elliott Waves Academy has revealed a significant opportunity to ride a new bullish wave. The price appears to be preparing for a powerful upward surge following a successful breach of its corrective price channel. Related Reading: From Breakdown To Bottoming? Ethereum Tests Key High-Timeframe Support The technical structure indicates that Ethereum is likely forming Wave 3 of (3), with current projections showing the asset reaching a minimum 161.8% extension. However, the internal momentum suggests the potential for the move to extend further, signaling that a major impulsive rally is now officially underway. From a strategic standpoint, any temporary bearish corrections would be viewed as high-probability opportunities for long re-entries. These minor pullbacks serve to reset local indicators while the primary trend remains firmly higher. Traders are currently eyeing the $2,624.14 level as a primary target, with the possibility of a move toward the 261.8% extension if the positive momentum remains sustained. To validate and maintain this bullish scenario, it is critical to see a confirmed breakout and sustained trading above the previous price channel. Staying above this structural boundary will reinforce the upward outlook and provide the necessary support for the next leg of the rally. Ethereum Sweeps Range High: Buyers Step In According to Lennaert Snyder, Ethereum recently reached its all-time high and liquidity, setting the stage for a notable bounce after testing the extremes of its current range. This move reflects a strong recovery following aggressive price action and shows that buyers are actively defending key levels. Related Reading: Here’s Why Ethereum Slipped Below $2,000 – Details For traders looking at local setups, caution is advised. Given the recent massive displacement, it’s best to wait for clearer directional signals before entering positions, ensuring trades align with confirmed momentum rather than chasing volatility. That said, the liquidity captured during this sweep opens up opportunities for hedge strategies. For example, a short position on the opposite side could help mitigate risk while waiting for the market to stabilize. Specific levels, such as the 50% wick fill around $2,110, may present interesting shorting opportunities after a bearish MSB forms. Additionally, similar to Bitcoin, Ethereum left a significant Fair Value Gap (FVG) during the aggressive leg higher, with the 50% level of this gap near ~$1,970. Should the price retest this FVG, it could provide a favorable setup for long entries following a reversal, highlighting potential areas for strategic accumulation. Featured image from Pixabay, chart from Tradingview.com
A shift in Ethereum’s derivatives flow on Binance is starting to hint at a possible change in market structure, even as ETH itself remains in a corrective phase. According to CryptoQuant contributor Darkfost, the Taker Buy Sell Ratio is no longer flashing the same persistent sell-side aggression that dominated as the asset pushed toward a new all-time high. Darkfost argues that the indicator offers a useful read on who is pressing harder in the futures market. “This indicator is effective for assessing directional dominance between market buy and sell orders executed on futures contracts. A ratio above 1 indicates buyer dominance, while a ratio below 1 suggests that selling aggressiveness is prevailing within transactional flows.” Ethereum Shows Fresh Bullish Shift That distinction mattered during Ethereum’s run toward record levels. In that period, Darkfost said, selling pressure in the futures market intensified at the same time, keeping the ratio consistently below its equilibrium level of 1. On Binance, the monthly Taker Buy Sell Ratio fell to 0.95, while the weekly average dropped even further to 0.92, pointing to a market where aggressive sellers were controlling the flow. Related Reading: Ethereum DeFi Warning: Vitalik Flags Oracles As A Hidden Time Bomb The backdrop is significant because derivatives now sit at the center of crypto price formation. Darkfost noted that the derivatives market accounts for nearly $65 billion in volume and plays a leading role in price discovery, making order-flow analysis increasingly important for reading the market beneath headline price action. In that context, a ratio stuck below 1 was more than a minor technical detail; it suggested that upside conditions were being undermined by persistent futures-led selling pressure. What makes the current setup more interesting is that the flow data has begun to improve before any obvious reversal in Ethereum’s spot chart. “On Binance, the weekly ratio has been hovering around the neutral threshold for the past two weeks. This shift is particularly notable as it diverges from ETH price action, which remains in a corrective phase. Daily spikes above 1.12 have even been recorded, reflecting episodes of aggressive market buying.” Related Reading: The $2,000 Fault Line: Why Ethereum’s Record Volatility Signals An Imminent Explosion That divergence is the core of the thesis. While ETH has yet to fully reflect it in price, the behavior of takers in the futures market is no longer uniformly defensive. The monthly average has also started to recover, climbing back to around 0.99. That still falls just short of clear buyer dominance, but it marks a meaningful improvement from the earlier stretch of sub-1 readings. Darkfost stops well short of calling a confirmed reversal. “Although this configuration still requires confirmation, it constitutes a constructive signal. A sustained move above 1 would mark a transition toward buyer dominance, potentially supporting a more favorable market dynamic for ETH in the short to medium term.” For now, the signal is less about declaring the correction over than about identifying a change in pressure. If the ratio can hold near neutral and then push decisively above 1, it would suggest that the market driving price discovery is beginning to lean back toward buyers. At press time, ETH traded at $2,028. Featured image created with DALL.E, chart from TradingView.com
The Ethereum Foundation is taking a decisive step to strengthen decentralized finance (DeFi) on ETH and launching a new initiative. This move signals a renewed strategic focus on scaling DeFi adoption, improving protocol security, and fostering sustainable growth across lending, trading, and on-chain financial services. Why Boosting Developer Support And Ecosystem Funding In a key development, the Ethereum Foundation is launching a renewed and more ambitious protocol to strengthen DeFi within the ETH ecosystem. Ethereum Daily has revealed on X that the initiative is being framed as a Defipunk approach, which is centered on building financial infrastructure that is truly permissionless, private, secure, and fully open-source. The goal is to enable anyone, anywhere, to save, borrow, hedge risk, or make payments without relying on big companies like banks or large corporations. Related Reading: Why Ethereum’s Endgame Requires Rebuilding The Base Layer Rather than focusing solely on incremental upgrades to existing applications, like improved stablecoins, the Foundation’s vision reportedly targets deeper structural innovation. The key areas include developing more secure price oracles, enhancing privacy loans to reduce unfair liquidations, and integrating artificial intelligence (AI) to strengthen system security. With a newly formed DeFi team leading the effort, the foundation is inviting developers who share its vision to help build a financial system that will give users full control and expand accessibility, not just speculators. How Inflow And Outflow Trends Reveal Strategic Positioning Even as ETH price action has been brutally down from $4,900 to below $2,000, Ethereum spot ETF flows are quietly signaling a shift behind the surface. The head of research at Lisk, analyst Leon Waidmann, stated that the ETF flow dynamics have shown that after a period of heavy outflow around mid-2025, the intensity of selling pressure has been gradually fading. Related Reading: Ethereum Caught Between Weak Bounce And High-Timeframe Risk – What’s Next? Meanwhile, the massive inflow waves that were seen in late 2024 and early 2025 have subsided, and the peak panic selling that followed has largely dissipated. The recent ETF flow bars are significantly smaller in both directions compared to the prior volatile period, and sellers are running out of steam. Waidmann noted that this shift is significant because, despite one of the sharpest ETH drawdowns in recent memory, the institutional exodus appears to be exhausting. While the weak hand that wanted out has largely exited, this means there’s no bottom. However, there’s still a slight outflow bias in recent weeks, indicating that there’s no confirmed accumulation signal yet. Waidmann emphasized that the intensity of the selling pressure is clearly fading, which is the first step that must happen before any trend reversal. In his view, participants should pay attention to when the selling dries up before sentiment recovers, because that’s usually where the next move will start to build. Featured image from iStock, chart from Tradingview.com
After losing key structure and breaking below major support, Ethereum is now approaching a critical high-timeframe demand zone. This level has historically acted as a foundation for reversals, making it a pivotal area to watch. The question now is whether the breakdown extends, or if this test marks the beginning of a broader bottoming process. High-Timeframe Support Lost After Repeated Rejections In a recent Ethereum analysis, crypto analyst Luca outlined why the breakdown below the high-timeframe support range marked in purple significantly shifted the market structure. After losing that level and facing repeated rejections, the probability tilted toward continued downside. The failure to recover that zone signaled weakening bullish momentum and opened the door for the price to seek liquidity lower. Related Reading: Ethereum Caught Between Weak Bounce And High-Timeframe Risk – What’s Next? The most logical downside target sits at the high-timeframe support range marked in green, which aligns with the early-April 2025 bottoming formation. This is a technically significant area because it is where buyers previously stepped in aggressively and where they may be incentivized to do so again. He emphasized that the risk-reward profile becomes far more favorable if Ethereum trades into that green support region. A move into that area would likely create better positioning opportunities for swing longs, prompting him to gradually scale out of hedge positions and rotate capital back into spot holdings in anticipation of a potential upside reversal. Until then, Luca remains patient, avoiding new entries or adjustments to his spot exposure unless price tests the high-timeframe green support zone, or Ethereum breaks back above the 1D Bull Market Support Band. That band, currently sitting around $2,000, is serving as resistance when tested. As long as Ethereum remains below that $2,000 band and hasn’t yet tapped into the stronger high-timeframe green support, Luca believes the path remains to the downside on lower timeframes. In his view, further weakness or consolidation is more likely in the near to mid-term before a sustainable bullish reversal structure can properly form. Ethereum Capitulation Complete At $1,800 Ethereum has already gone through its capitulation phase, with price flushing into the $1,800 zone in what appeared to be an emotional sell-off. That sharp move likely marked peak fear, forcing weaker hands out of the market and clearing excessive leverage built up during the prior structure. Related Reading: Ethereum Price Holds Key 5-Year Demand Area Amid Heavy Whale Transfers As Cyril-DeFi noted, price action is stabilizing and moving sideways, and the intensity of selling pressure has noticeably slowed. Volatility is compressing, and the aggressive downside momentum that defined the drop is no longer present. Although this phase feels dull and uneventful, it’s often how sustainable bases are formed. Holding the $1,800 region is therefore significant; it suggests that panic has subsided and that Ethereum may be transitioning from distribution into early-stage accumulation. Featured image from Adobe Stock, chart from Tradingview.com
Ethereum co-founder Vitalik Buterin is urging the Ethereum ecosystem to treat oracle design and decentralization as a priority security problem, warning that key parts of DeFi’s stack still hide uncomfortable fragilities behind the industry’s recent growth. In a post outlining how the Ethereum Foundation is thinking about DeFi, Buterin framed decentralized finance as “a central part of the value that Ethereum provides” and argued that its next phase must pair renewed innovation with a harder line on security and centralization risks. “Defi is a central part of the value that Ethereum provides. Financial empowerment is a central part of what it means to have agency and freedom in our current world. Finance is far from the only thing that Ethereum is good for, but it is an important thing,” Buterin wrote, positioning DeFi not as a side quest, but as one of Ethereum’s flagship deliverables. Related Reading: Ethereum’s Legal Status Gains Clarity After SEC Leadership Signal Ethereum Foundation’s DeFi Crackdown: No Centralized Shortcuts Buterin’s thesis has two edges. The first is aspirational: DeFi should return to the early-era willingness to invent new primitives rather than iterating on the same product shapes. He pointed to AMMs as an example of the kind of paradigm shift he wants developers to chase again, arguing that teams should “dig a layer deeper” than surface-level improvements like “make a better stablecoin” and instead attack the underlying financial problems: risk management and hedging future expenses with new mechanisms. The second edge is a filter. Buterin said the Ethereum Foundation is not looking to support “onchain finance” or “defi” indiscriminately, but to push toward a narrower vision: “permissionless, open-source, private, security-first global finance that maximizes people’s control over their own assets, minimizes centralized chokepoints and trusted third parties, and democratizes risk management and wealth building … as well as payments.” A key standard in that vision is operational resilience. Buterin said the ecosystem should prefer protocols that “pass the walkaway test”: systems that keep functioning even if the founding team disappears overnight or worse, “becomes hostile / compromised without warning.” It’s a stark yardstick in a sector where governance keys, upgrade mechanisms, and offchain dependencies often concentrate power long after a protocol looks “decentralized” in marketing. Related Reading: Ethereum Price Holds Key 5-Year Demand Area Amid Heavy Whale Transfers Where the alarm bell rings loudest is oracles: the bridge between onchain logic and offchain reality. In a list of priority areas, Buterin singled out “oracle security and decentralization,” adding a blunt aside: “there’s A LOT of skeletons in the closet here, we as an ecosystem really need to point a big eye of sauron at it for a while.” The line is telling: it implies risks that are known, tolerated, or under-discussed, despite oracles sitting on the critical path for lending, stablecoins, derivatives, and liquidations. Buterin framed DeFi as a “complex toolchain” that mixes onchain components with user-side and other offchain pieces — wallets, local agents, and more. His roadmap-like list reflects that breadth: classic security work such as audits, standards, and wallet-side safeguards; newer approaches like “AI-assisted formal verification” and “user-side agents as safeguards”; privacy for both payments and more complex positions, including the question of what a “maximally privacy-preserving CDP” would look like; and renewed emphasis on open source licensing and forkability. The closing message is permissive but not passive. Ethereum will always allow people to deploy “insecure protocols” or systems that embed “ultimately unneeded centralized trust in the name of convenience,” Buterin wrote, as well as what he called “dopamine-maximizing gambleslop.” But he signaled the Foundation’s intent to actively collaborate with builders aligned around minimizing intermediaries and maximizing user agency, with the aim of making that version of DeFi not just Ethereum’s best option, but “a globally compelling way to manage funds” for anyone who values those properties. At press time, ETH traded at $1,912. Featured image created with DALL.E, chart from TradingView.com
The regulatory outlook for Ethereum is gaining renewed attention following signals from Paul Atkins, who has reportedly informally characterized the digital asset as a non-security digital commodity. This development marks a potentially significant shift in how US regulators view ETH’s legal status, offering greater clarity for investors, institutions, and the broader cryptocurrency industry. What A Non-Security Label Means For Ethereum The US Securities and Exchange Commission (SEC) Chairman Paul Atkins has already informally described Ethereum as a non-security digital commodity. An investor and commentator, Paul Barron, has revealed on X that this new fast-track proposal for tokenized securities is positioning ETH not just merely as a coin, but as the foundational settlement layer for the world’s new on-chain financial system. Related Reading: $91M Ethereum Buy: Bitmine Immersion Bets Big On ETH Even As Market Volatility Persists This shift suggests that ETH could play a central role in tokenizing traditional financial instruments, including bonds and real-world assets (RWAs). However, if regulatory innovation exemptions materialize, the market could see a surge in tokenized securities and real-world asset projects moving to the ETH mainnet. Ethereum was once the get-rich-quick asset that turned early holders into millionaires overnight. A full-time stock investor and founder of the TD Indicator StockTrader Max pointed out that ETH has evolved into a long-term value investment with lower, steadier growth that rewards patience and conviction rather than hype and timing. StockTrader Max argues that investors who own ETH and expect immediate profits over weeks or months may find the current market environment disappointing, because ETH is an asset that should be held in many portfolios with a time horizon of years, not just months. From a technical perspective, Max highlights that the accumulation zone has continued to grow. Meanwhile, if ETH breaks out of this 5-year accumulation zone, the price will surge, and participants will wish they accumulated from this current level below the 200-week moving average (200 WMA). Understanding Ethereum’s Civilizational Role In Digital Finance Investors should stop focusing on what Vitalik Buterin sells or says. According to blockchain author and investor William Mougayar, Ethereum is infrastructure and civilizational, and its trajectory does not hinge on any single individual portfolio activity or commentary. Related Reading: How Ethereum Could Become The Default Network For AI Development, Vitalik Explains While Vitalik plays a meaningful role in shaping discourse and influencing ideas, he does not control the destiny of applications. While systemic value originates at the protocol layers where Vitalik and the Ethereum Foundation (EF) have the most pull, the monetization and new forms of value tend to emerge higher in the stack. However, conflating base-layer infrastructure with application cycles or institutional timing, and if one individual trades can shake conviction, then the investor has fundamentally misunderstood the permissionless nature of the stack. ETH should be evaluated on its architectural inevitability, not on daily narratives. Featured image from Freepik, chart from Tradingview.com
The Ethereum price is hovering near a critical long-term zone as whales reshuffle billions of dollars in holdings, adding fresh uncertainty to an already fragile market. While price action remains weak in the short term, analysts say the asset has returned to a historical accumulation range. Related Reading: Here’s What’s Driving The Bitcoin Price Crash Toward $60,0000 Recent on-chain activity shows a surge in whale transfers, liquidations, and strategic repositioning, all unfolding as Ethereum (ETH) struggles to defend support near the $1,800 level, a price area many traders now view as decisive for the next market direction. XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview Ethereum Price Tests Long-Term Demand Zone Market analysts note that the Ethereum price has fallen back into a five-year demand area previously seen during the 2022–2023 bear market and the brief April 2025 crash. Historically, this range has attracted accumulation rather than distribution, suggesting long-term investors may be stepping in despite weak momentum. Currently, Ethereum trades around $1,828, down roughly 3.1% over the past 24 hours, with a market cap near $220 billion and elevated derivatives activity signaling continued volatility. Futures trading volume has exceeded $51 billion in a single day, while more than $100 million in leveraged positions were liquidated. Technically, ETH remains below key resistance levels. Price recently slipped under $1,900 and the 100-hour moving average, with analysts identifying $1,820 as immediate support and $1,900–$1,920 as a major resistance zone. A sustained break below support could expose downside targets near $1,780 or even $1,720. Whale Activity Signals Market Stress Large holders have played a major role in recent price pressure. One whale liquidated 7,200 ETH worth about $13.4 million at a loss exceeding $600,000 after exiting a position opened at higher prices. Another long-term holder sold nearly 23,924 ETH valued at over $45 million before opening leveraged long positions, indicating expectations of further short-term volatility. Meanwhile, a separate wallet transferred 12,000 ETH to a major exchange, potentially locking in losses exceeding $29 million if sold. Exchange inflows are often interpreted as potential sell signals because they increase market supply. Adding to the narrative, Ethereum co-founder Vitalik Buterin has sold more than 8,800 ETH this month, though analysts say the transactions are tied to funding ecosystem development rather than a shift in long-term confidence. Institutions Accumulate Despite Weak Price Action While some whales reduce exposure, institutional players appear to be moving in the opposite direction. Mining and infrastructure firm BitMine Immersion Technologies recently acquired 51,162 ETH for its corporate treasury and continues expanding its holdings through staking strategies designed to generate yield. This divergence between insider selling, whale repositioning, and institutional accumulation reflects a market caught between short-term fear and long-term conviction. Related Reading: Bitcoin Capitulation Persists As Short-Term Holders Realize $0.48B Daily Losses In the short run, the Ethereum price outlook hinges on whether buyers can defend the $1,800 region. Holding this level could reinforce the idea of a multi-year accumulation phase, while a breakdown may trigger another wave of liquidations across leveraged markets. Cover image from ChatGPT, ETHUSD chart on Tradingview
A recent technical breakdown shared by crypto analyst Trader Tardigrade added a notable outlook to the discussion of how fast Ethereum can enter into a bull run or if there’s more consolidation ahead. In his post on X, he compared Ethereum against the US Dollar Index and then consulted Perplexity AI for a data-backed explanation of the relationship. The result was a match of DXY peaks and Ethereum bottoms, pointing to a recurring inverse pattern that may now be coming back into play. Ethereum’s Volatility Tied To The Dollar Index The technical analysis from Trader Tardigrade focuses on the inverse relationship between Ethereum and the US Dollar Index (DXY). Ethereum’s monthly candlestick price chart shows that the price structure is layered against DXY movements, with four major phases where peaks in the dollar coincided with Ethereum cycle bottoms and the reverse dynamic played out as well. Related Reading: Dogecoin’s Third Time Breakout Could Send Price On 2,000% Rally To $2 A quick look at the chart shows that downtrends in the DXY have, more often than not, coincided with uptrends in the Ethereum price. According to explanations by Perplexity AI, ETH has one of the clearest inverse relationships to DXY in the crypto market, in some cases even more pronounced than Bitcoin. Whenever the dollar is strengthening, capital rotates to perceived safe assets, and risk assets such as Ethereum face selling pressure. On the other hand, when DXY weakens, liquidity conditions ease, and this encourages inflows into cryptocurrencies like Ethereum. According to the analyst, DXY has now broken down from long-term support and looks ready for further declines. The DXY is currently at 97.8 and weakening. That could spark a major rally in crypto in the coming weeks, especially ETH. Chart Image From X. Source: @TATrader_Alan On X AI Breakdown: How Much Of ETH’s Moves Does DXY Explain? In the AI-backed explanation, Perplexity pointed out that the inverse correlation between ETH and DXY can account for roughly 40% to 60% of Ethereum’s volatility, particularly during periods of changes in monetary policy. That figure is always more significant during rate hikes and news events, although there are lags of days to months depending on the catalyst. Related Reading: Mapping Out XRP’s Path To $1,200: Analyst Shares Insights The historical table referenced in the analysis linked specific DXY highs to ETH turning points. For example, during the March 2020 dollar spike, Ethereum bottomed before staging a multi-month rally as the DXY continued to fall to 89. Another alignment was observed in 2022 when the dollar topped at a multi-year high during a broader risk-asset capitulation phase. This, in turn, led to Ethereum creating a bear market low. If the current DXY breakdown extends, then it could begin to favor inflows into Ethereum again. The green projection arcs on the chart suggest that a sustained dollar decline may open the door to another expansion phase in ETH, where the price expands above $10,000. In order for Ethereum to rise above $3,000 again, there would need to be confirmation of sustained dollar weakness with improving on-chain and derivatives metrics. Featured image created with Dall.E, chart from Tradingview.com
Despite the Ethereum price looking to be leveling out below $2,000, the slowdown in the crash has done nothing to allay fears that more decline is coming. In fact, analysts believe that this stop is only temporary and that the second-largest cryptocurrency by market cap will make another major drop soon. This is due to past performance, where the Ethereum price has often staged a major reset before eventually making a possible bottom. The Scenario That Says Ethereum Price Is Headed For $600 Calls for Ethereum reaching $10,000-$15,000 were echoed loudly in the last year, when the market was still in the throes of the bull market. However, those hopes have since been dashed, with even $5,000 now looking like a pipe dream. Nevertheless, analysts like Alexhiz on the TradingView website believe that the dream is not completely gone, although the path toward this target may be quite rocky. Related Reading: Don’t Fall For The Bitcoin Trap: Analyst Explains Why Recovery To $76,000 Is Not A Good Thing In a recent post, the crypto analyst explains that it is likely that Ethereum will make a major macro correction. If this is correct, then it means that the support that the altcoin seems to have established above $1,900 is fragile at most and could end up breaking soon. The bearish scenario that Alex points to is another 60% price drop, which would eventually push the Ethereum price down toward $600. While such a price point may be disastrous in the short-term, the analyst believes that it is needed for the 5-figure scenario to play out. Why A Crash Is Good If the Ethereum price were to crash as low as $600, the crypto analyst believes this would mean a complete liquidity reset and a full market capitulation. Such a scenario would allow for strong long-term accumulation, with stronger hands taking control of the price. Related Reading: This Analyst Predicted Solana Sell-Off At $250, And Is Back With A New Prediction What would follow the accumulation phase would be an expansion phase, where the price could rise rapidly. The analyst also added: “Looking further ahead (2028–2029), in a renewed bullish cycle, ETH could target the $10,000–15,000 range based on historical cycle behavior and liquidity growth.” Given this, such a scenario would take years to play out, as there could be a long, drawn-out accumulation trend, as seen in the previous cycle. Growth could also be highly dependent on the Bitcoin price performance, being the market leader for over a decade. Featured image from Dall.E, chart from TradingView.com
Ethereum shows signs of strength, but the bullish picture only emerges on an inverted chart. On the standard view, the downtrend remains intact until key resistance is reclaimed, making the current optimism conditional. Inverted Structure Reinforces Ethereum Bearish HTF Outlook Presenting an inverted chart in a recent update, Mizer explained that he has been short on Ethereum for several days, outlining what he believes could unfold on the higher time frame (HTF). Mizer clarified that this doesn’t necessarily plan to hold the full position to his projected targets, as he prefers focusing on lower time frame (LTF) opportunities given the difficulty of forecasting HTF moves in the current macro environment. Related Reading: Ethereum’s Bounce Still Lacks Conviction — Downside Risk Remains According to Mizer, Ethereum’s HTF structure remains clear: a distribution phase followed by consistent breakdowns since the $5,000 peak. A parabolic curve formed off that top is a key indicator of this pattern, noting that the price has respected it for months. Until that parabola is decisively broken and price holds above it, the broader downtrend remains intact. Zooming into the current price action, Mizer highlighted a strong impulse move into this zone marked by a purple line. This area represents a significant support/resistance flip on the inverted chart: previously resistance, it was broken and now functions as support. Mizer is now closely watching the small blue box on the right side of the chart, which represents the current consolidation following the impulse. Two Scenarios From Consolidation The analyst further explained that from the current consolidation zone, there are two primary scenarios unfolding: either continuation after a shallow pullback, or a brief fake breakdown followed by a swift reclaim before the next leg higher on the inverted chart, which would translate to further downside for ETH itself. Related Reading: Ethereum Faces High-Stakes Moment at $2,200 as Whale Longs Clash With Bearish Flow Data He described the purple path on his chart as his “ideal” bullish scenario on the inverted structure, essentially tracking price as it continues to respect the long-standing parabolic curve. As long as that parabola remains intact, the broader bearish trajectory remains his base case. Regarding targets, he divided expectations into short- and long-term objectives. The immediate target sits around $1,700, which he views as the first logical area to take profits and monitor for a potential reaction strong enough to challenge or even break the parabolic resistance. The final target lies near $1,400, representing the larger extension if momentum fully plays out. However, he emphasized that the setup would be invalidated if ETH loses the key flip zone and begins accepting below it on the inverted chart, a move that would break the parabola and potentially signal a broader trend reversal. Featured image from Freepik, chart from Tradingview.com
The long-term vision for Ethereum is increasingly shifting beyond incremental upgrades toward a more fundamental transformation of its core architecture. As the network continues to scale and support a growing ecosystem of decentralized applications, developers and researchers are exploring whether achieving ETH’s ultimate goals of global scalability, security, and decentralization requires rebuilding elements of its base layer rather than simply refining existing systems. Rebuilding Core Infrastructure For Long-Term Growth Ethereum’s evolution has moved beyond incremental upgrades; it is entering a phase of structural reconstruction. The head of research at EigenCloud, Soubhik Deb, mentioned on X that the initiative often referred to as Lean Consensus, formerly known as née Beamchain, signals the beginning of ETH’s endgame. Related Reading: Ethereum Foundation Maps 2026 Protocol Priorities as Major Upgrades Near It is reducing accumulated technical debt, pushing toward fast finality, and designing the protocol with post-quantum future resilience in mind. At the heart of this transformation is Lean Consensus, being one of the most ambitious protocol workstreams for the network and the crypto infrastructure overall. In Soubhik Deb’s discussions with Drakefjustin, the focus was to understand what Lean ETH practically is in terms of real-time proving and increased Layer 1 throughput, and what it unlocks for the rollups. Other protocols are being introduced to bolster the network’s ecosystem, including scaling. Analyst Ladislaus offered insight into the relationship between FOCIL and Ethereum’s scaling roadmap, particularly in the medium-term via L1 zkEVMs. Presently, it seems clear that the ETH community is demanding higher L1 throughput to meet global demand. However, the truth about trade-offs today is that censorship resistance and fast inclusion rely heavily on validator altruism, more concretely, on the willingness of validators choosing to build blocks locally and thereby forego more valuable blocks from third-party builders. At the current scale, the tax on altruism is still acceptable and manageable, but reliance is brittle and suboptimal. What makes it even more problematic is that as throughput increases, it becomes progressively more expensive. The good news is that FOCIL will make inclusion a protocol-level guarantee. Instead of treating censorship resistance as a market probability, it becomes an enforced rule of the system. Related Reading: Ethereum Price Builds Tension Below Resistance, Breakout Risk Rising However, with the decision to schedule FOCIL for protocol inclusion, the project is well-positioned to reduce critical social-layer dependency. At the same time, paving the way for a massive increase in L1 throughput. Ethereum Liquidation Clusters Build On Both Sides Of Price Ethereum’s current liquidation heatmap reflects a market stretched on both sides. According to Ted, ETH longs and shorts are aggressive, which means all this aggressiveness will be taken out. If geopolitical tensions such as a potential US–Iran escalation intensify, downside pressure could spark long liquidations, followed by a reversal that squeezes shorts. However, positive developments like peace talks could ignite an upside breakout, wiping out shorts before the price potentially retraces to target late longs. Featured image from Adobe Stock, chart from Tradingview.com
Ethereum’s technical structure has weakened further after slipping decisively below the $2,100 level, reinforcing short-term bearish pressure. However, while the breakdown raises the risk of a deeper downside, a repeating fractal pattern on the higher timeframe offers a potential glimmer of hope, suggesting that a larger breakout could still emerge if history rhymes. Key $2.3K–$2.1K Support Zone Lost According to Crypto Candy, Ethereum has decisively lost its key daily support zone between $2,300 and $2,100, closing firmly below it and confirming a structural breakdown. This area had previously acted as a strong demand region, repeatedly absorbing selling pressure. Its failure marks an important technical shift, suggesting that the broader market structure has weakened. Related Reading: Ethereum Price Stalls Under Resistance With Breakout Hopes Delayed With the breakdown confirmed, the former support zone has now flipped into a significant resistance area. ETH has already attempted to reclaim the $2,100–$2,300 range but has failed to regain acceptance above it. This rejection reinforces the idea that sellers are defending the level aggressively, keeping short-term momentum tilted to the downside. If bearish momentum continues to build, the next major support region to watch sits between $1,700 and $1,500. A move into this range would align with typical continuation behavior following a failed reclaim of broken support. For now, the bias remains bearish as long as Ethereum trades below the $2,300–$2,100 zone. Only a strong reclaim followed by sustained consolidation above that range would invalidate the downside scenario. Ethereum Fractal Structure Mirrors Pre-Rally Setup Providing a weekly Ethereum update, Trader Tardigrade pointed to a compelling fractal comparison that suggests a familiar structure may be unfolding. The expert’s analysis highlights the formation of a rectangular consolidation box, a setup that closely resembles the price behavior seen before Ethereum’s explosive rally in late 2025. Related Reading: Ethereum’s Leverage Reset Clears The Path For A Healthy Rebound – Analyst During that previous cycle, ETH spent weeks compressing within a clearly defined horizontal range, building energy before eventually breaking out with strong momentum. The current chart shows a nearly identical box pattern forming, positioned similarly within the broader ascending channel. The symmetry between the two structures strengthens the case that this may not be random consolidation, but rather a repeat of a larger cyclical pattern. If the fractal continues to play out as it did before, a decisive breakout above the current range could trigger a powerful upside expansion. Just as in 2025, the longer the price compresses within the box, the more aggressive the eventual move could become. A confirmed break and sustained acceptance above the range would be the key signal that Ethereum is transitioning from accumulation to markup once again. Featured image from iStock, chart from Tradingview.com
Ethereum (ETH) is back on the knife’s edge, and market analyst Crypto Patel has suggested that there may be no room left for optimism if the next key level gives way. According to the analyst, the Ethereum price is hovering at a critical decision point beneath $2,000 after recording multiple price declines. However, a breakdown below $1,800 could trigger a massive crash. Ethereum Records Multiple Failed Bullish Structures In an X post this Monday, Crypto Patel admitted that Ethereum had broken his heart twice, pointing to two failed bullish structures that have now reshaped its broader outlook. The first dagger, as the analyst calls it, came when a clean Bull Flag formation emerged, and price broke down from the $3,700 region. Related Reading: This Ethereum Hidden Bull Divergence Says Price Will Rise Over 100% To Break $4,900 ATH On the chart, that breakdown marked the end of a multi-month climb that had pushed the ETH price toward the $4,700 to $4,900 area in late summer 2025 before rolling over under a descending trendline that capped every rally attempt. The second dagger followed months later as an ascending triangle structure collapsed at the critical $3,000 support zone. What had looked like a tightening consolidation beneath horizontal resistance instead turned into a decisive breakdown. The former support zone around $3,100 to $3,500 flipped into resistance, marked by repeated rejection wicks and lower highs pressing against the descending purple trendline on the chart. Based on Crypto Patel’s analysis, that failure led to a sharp drop below $2,000. Consequently, Ethereum is now trading between $2,000 and $1,850, a range the analyst describes as the last buffer before a much deeper pullback. $1,800 Emerges As ETH’s Critical Support On the daily timeframe, Crypto Patel’s chart shows ETH recently printing around $1,982 after a sharp sell-off that sliced through its previous structure. Although the cryptocurrency has recovered slightly above $1,990, the previous decline had driven its price down from roughly $3,100 in early 2026 to sub-$2,000 levels in a matter of weeks. This left a visible imbalance zone between $2,400 and $2,600, which the analyst marks as a potential Fair Value Gap (FVG). Related Reading: Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says For now, all attention is on $1,800. Crypto Patel has predicted that if Ethereum holds this critical support, a relief bounce toward $2,650 becomes the immediate upside target, likely filling part of that imbalance zone and retesting former breakdown areas. On the flip side, if $1,800 fails, a broader market panic may become justified. According to Crypto Patel, a decisive break below this support could open the path toward $1,300, marked by the lower green demand block on the chart. He has also labeled this region as strong support and the best accumulation zone, where buyers could step in aggressively. Featured image from iStock, chart from Tradingview.com
Ethereum is attempting to rebound after recent selling pressure, but the recovery so far lacks the strength needed to confirm a lasting bottom. With momentum appearing corrective rather than impulsive and key resistance levels still intact, downside risk remains on the table unless buyers can deliver a decisive structural shift. No Impulsive Break, No Bullish Confirmation According to a recent Ethereum update by More Crypto Online, the downside scenario remains valid unless price delivers a clear impulsive five-wave advance or decisively breaks above the weekend high. The bounce from last week’s low currently appears corrective rather than impulsive. Related Reading: Ethereum Price Recovery Runs Into A Wall, Decline Risk Returns Momentum has been limited, and the structure does not yet suggest that a sustainable bottom has formed. So far, there is no clear technical evidence that a durable reversal is underway. However, Ethereum is trading within a technically significant zone. Following the recent liquidation flush, markets have become more reactive, making it important to stay alert for potential reversal signals that could shift the short-term outlook. For now, confirmation is still lacking. Until a stronger structural shift appears, close monitoring of the lower-timeframe micro structure remains essential to determine whether Ethereum builds strength or resumes its downward trajectory. Ethereum Attempts Recovery After Sunday Selloff Ethereum is attempting to stabilize after the sharp Sunday selloff, showing early signs of recovery. In his latest analysis, Lennaert Snyder noted that, similar to Bitcoin, ETH printed relatively weak weekend extremes around $1,929 on the low and $2,107 on the high. These levels now serve as key liquidity reference points for the week ahead. Related Reading: Ethereum Whale Selloff Continues As Supply Share Drops Under 75% Snyder’s broader plan anticipates a push toward higher prices, but he prefers to see nearby liquidity pools mitigated before considering quality long positions. With the higher-timeframe trend still pointing downward, short setups remain valid if the right structure presents itself. For long entries, he wants to see a sweep of the $1,946 and/or $1,929 lows, as both represent weak pivots, ideally including a full sweep of the weekend low. Such a move could provide the liquidity grab needed for a high-probability reversal back toward the weekend high. However, if price rallies directly from current levels and leaves those lows untouched, he would instead look for short opportunities following a market structure break (MSB) near the $2,107 high. Additionally, H1 liquidity sits around $2,015, offering potential scalp setups depending on whether the price gains acceptance above it or rejects it sharply. Longs would be considered on a clean reclaim, while failure after a sweep could favor shorts. With it being a bank holiday, no trades are being placed today, and the outlined plan remains intact unless price action invalidates it. Featured image from Pixabay, chart from Tradingview.com
Crypto analyst Javon Marks has revealed how Ethereum could recover and possibly break above its current all-time high (ATH) of $4,900. This came as he highlighted a bullish pattern that the altcoin was still maintaining despite the current crypto market downtrend. Ethereum Eyes Rally To ATH Amid Hidden Bull Divergence Pattern In an X post, Javon Mark noted that Ethereum is maintaining a larger Hidden Bull Divergence Pattern. Based on this, he declared that, with a full response, ETH could rally over 140% and even break its current all-time high of $4,900. His accompanying chart showed that the altcoin could rally to $5,000 by mid-year. Related Reading: Can Ethereum Price Still Hit $7,600 In 2026? Here Are The Odds His prediction comes as Ethereum continues to struggle below the psychological $2,000 level. Despite this, Marks assured that there is still a strong possibility of a larger bull reversal in the works, as ETH has recently shown a positive response to the Regular Bullish Divergence pattern. The analyst has also predicted that the altcoin could still reach $8,500 as part of the broader macro picture. Amid this bullish prediction for Ethereum, it is worth noting that Wall Street giant Standard Chartered has lowered its year-end target for ETH from $7,000 to $4,000, indicating that there is also the possibility that the altcoin won’t reach a new ATH this year. The bank also predicted that ETH could still drop to as low as $1,300 before it recovers. Standard Chartered cited the decline in institutional demand as the major reason for lowering its Ethereum price target. Like the Bitcoin ETFs, the ETH ETFs have continued to record significant net outflows. SoSo Value data shows that these funds are currently on course to record their fourth consecutive month of net outflows. How ETH Could Still Drop To As Low As $1,136 In an X post, crypto analyst Trader Tardigrade warned that a Bearish Pennant was forming, which could send Ethereum to as low as $1,136. The analyst noted that ETH is consolidating inside converging trendlines after the initial drop and that the pattern suggests continuation downward. Related Reading: Ethereum Whales Are Not Dead: The $400 Million Move That Shows What’s Going On Trader Tardigrade further warned that a drop below the current range could trigger a sharp move down, sending ETH to the breakdown target of $1,136. However, the analyst appears to remain bullish on the altcoin in the long term. He had earlier stated that ETH was repeating a similar pattern from previous cycles in which a breakdown follows a consolidation before a recovery. This time, he predicts that Ethereum could rally to as high as $7,000 once it begins to recover. At the time of writing, the Ethereum price is trading at around $1,968, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com
Ethereum is attempting to stabilize after its recent pullback, but the recovery so far lacks convincing strength. With price rejecting key levels and higher-timeframe risks still looming, ETH finds itself at a critical decision point where the next structural move could define the short-term trend. No 5-Wave Breakout, No Confirmation For Ethereum Yet Ethereum continues to trade in a technically vulnerable zone. According to More Crypto Online, until the market prints a clear five-wave impulsive structure to the upside, or at a minimum breaks decisively above the weekend high, the probability of further downside under the outlined “orange scenario” remains elevated. Without that confirmation, the broader risk profile has not materially improved. Related Reading: Ethereum Libra Formation In Play: ETH’s Next Big Move Could Be Loading The bounce from last week’s low, while noticeable, still carries a weak and corrective appearance. Momentum has not expanded in a way that would typically signal the start of a sustainable bullish reversal. Instead, the structure so far suggests a potential counter-trend move within a larger bearish or sideways framework. That said, the current area on the chart is technically significant. Following the recent liquidation-driven decline, the price has reached a zone where markets often attempt to stabilize. Sharp flushes can sometimes mark exhaustion points, making it reasonable to stay alert for early reversal signals, particularly if sentiment has become overly pessimistic. However, as More Crypto Online emphasizes, anticipation is not confirmation. The micro-structure now becomes critical. Only a shift toward impulsive upside behavior or a clear break of key resistance levels would validate a meaningful low. $2,100 Rejection Signals Resistance Flip Charting the daily timeframe for Ethereum, Luca, a market expert and investor, noted that while price has managed to bounce on the lower timeframes, the recovery has already faced rejection at a key former support zone around $2,100, highlighted in purple. This level previously acted as support but was lost during the recent decline, turning it into resistance on the way back up. Related Reading: Ethereum Price Closes Sub-$2,000 Support As Crypto Rout Intensifies The inability to reclaim that range signals that upside momentum remains fragile. Until Ethereum can decisively flip the $2,100 area back into support, Luca believes the structure continues to favor caution rather than calling for a confirmed bottom. As a result, the more probable path in his view is a continuation lower toward the higher-timeframe support zone marked in green. That area aligns with the early-April bottoming formation and could provide a stronger foundation for a more sustainable bullish reversal attempt. Given this outlook, Luca explained that he is maintaining hedges on lower timeframes to manage downside exposure. Until clear strength emerges and key levels are reclaimed, protecting capital remains the priority. Featured image from Getty Images, chart from Tradingview.com
Ethereum is increasingly positioning itself at the intersection of blockchain and artificial intelligence (AI), with growing discussions around its potential to become the default network for AI development. As AI systems demand secure data verification, ETH’s programmable smart contracts and robust ecosystem offer a compelling foundation. Its ability to provide trustless execution, decentralized data markets, and verifiable computation could address some of the biggest challenges facing modern AI. Why Ethereum’s Cryptographic Advantage In AI Development Ethereum co-founder Vitalik Buterin has outlined a clear vision for positioning ETH as the leading platform for artificial intelligence development. According to BSCN’s recent post, Vitalik has argued on X that ETH should lead AI innovation rather than copying others by focusing on zero-knowledge (ZK) privacy payments and reputation systems. Related Reading: Vitalik Reframes Ethereum L2 Strategy as ETF Inflows Return and Mainnet Scaling Accelerates In response to comments from ETH’s AI leadership post, Vitalik urged developers to consider building a fundamentally better solution rather than merely rebranding existing concepts. Vitalik emphasized that developers should do something fundamentally better by combining technology improvement in ZK, a privacy-preserving payments system, and on-chain reputation. If executed correctly, this approach could position ETH as the default platform for next-generation AI development with meaningful technology improvements. Ethereum has taken a major step toward building the foundation for autonomous AI systems, with 13,000 AI agents registered on the network in a single day, followed by the launch of ERC-8004, which went live on mainnet. Crypto analyst Teng Yan noted that the new standard allows AI agents to establish portable on-chain identities and build verifiable trust layers. However, the surge was mostly coordinated bulk onboarding, and most of the newly registered AI agents have claimed identities but are not yet active, which is normal for early infrastructure development. The real signal will emerge as reputation updates that are climbing. Recursion As Both A Scaling Tool And A Security Risk The Ethereum Foundation is releasing detailed requirements for the zero-knowledge virtual machine (zkVM) architecture whitepaper, a document to be delivered in three milestones. The Founder of ABDK Consulting, Dmitry Khovratovich, emphasized that modern zkVMs are not monolithic circuits. Instead, they consist of multiple interconnected components, including segmentation, buses, memory structures, and recursion. Related Reading: SEAL and Ethereum Foundation Partner to Combat Wallet Drainers: Security-First Investors Switch to $BMIC Each component may be secure on its own, but the overall reliability of this system-level security depends on how they interact and function together. As a result, the whitepaper will address both architectural details and the broader security arguments supporting the recursive proof structure. The Ethereum Foundation expects the final version of the documentation to be completed by December 2026 alongside the release of zkVM proofs, which are projected to be approximately 300 kilobytes (KB) in size while maintaining a 128-bit provable security level. Featured image from Getty Images, chart from Tradingview.com
Ethereum whales have continued to accumulate despite the current downtrend in the ETH price, providing a bullish outlook for the second-largest crypto by market cap. Notably, ETH withdrawals from exchanges recently reached their highest level since October last year, totaling over $400 million. Ethereum Whales Accelerate Withdrawals From Exchanges Crypto analyst Arab Chain noted in a CryptoQuant analysis that rising Ethereum withdrawals from exchanges have reached their highest level since October. The analyst noted that the exchange netflow data over the past few days indicates a clear acceleration in withdrawal activity. This signals a shift in Ethereum whales’ behavior as demand outpaces supply. Related Reading: Can Ethereum Price Still Hit $7,600 In 2026? Here Are The Odds Arab Chain revealed that across all exchanges, the net Ethereum outflows have exceeded 220,000 ETH, marking the highest level of withdrawals since October last year. This suggests that Ethereum whales are moving their coins to private wallets or long-term storage protocols, a move that the analyst noted is often associated with accumulation phases or risk-reduction behavior. Notably, daily net outflows on Binance reached nearly 158,000 ETH on February 5, the largest since August last year. Arab Chain stated that this confirms that a substantial portion of the recent outflows has been concentrated on the exchange with the deepest liquidity. From a price perspective, the analyst noted that the Ethereum whale accumulation coincided with ETH trading near the $1,800 to $2,000 range. Therefore, these Ethereum whales may see these levels as attractive zones for holding or repositioning amid this crypto market downtrend. Arab Chain added that the continued outflow of ETH from exchanges at this scale reduces immediate selling pressure and could provide near-term support for the ETH price, especially if the market gains momentum again. Ethereum Staking Hits New High According to Token Terminal, Ethereum staking has surpassed 30% of the total supply, marking a new all-time high (ATH) in terms of staking ratio. Market commentator The Milk Road noted that this means that 36.8 million ETH, around $72 billion, is now locked up, with almost 1 million validators securing the network. Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? The Milk Road further described this development as a sign of conviction in the Ethereum ecosystem, noting that these whales are willing to lock up $74 billion during a market downtrend. Notably, the staking exit queue is around 4.1 million ETH, which the market commentator remarked is nothing compared to what is currently staked. Interestingly, it also takes about 72 days to stake ETH at the moment, with staking demand at a new high. Meanwhile, the Milk Road also noted that the obvious impact is a significant supply restriction, which is a bullish catalyst for the ETH price. At the time of writing, the Ethereum price is trading at around $1,965, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Ethereum ETF investors are sitting on a far uglier entry point than their bitcoin counterparts, according to Bloomberg Intelligence analyst James Seyffart, with spot ETH funds now absorbing a drawdown that has left many buyers deep underwater. “Ethereum ETF holders are sitting in a worse position than their Bitcoin ETF brethren,” Seyffart wrote on X late Tuesday. “The current ETH price of $2,000 is way below their average cost basis of ETF holders at about ~$3,500. It’s a painful proposition. But it’s one that Eth ETF holders have experienced already.” Seyffart added that the most recent ETH ETF trough pushed the drawdown “beyond 60%,” roughly matching the percentage decline ETH saw at its April 2025 low, framing the move as severe but not unprecedented for ether’s investor base. Related Reading: Ethereum Holders Shift To Self-Custody As Market Consolidates Near $2K Even so, he argued the investor response has been more stoic than the price action implies. “Still, the vast majority of buyers have stayed put,” he wrote, pointing to net inflows across the ETH ETF complex falling from roughly $15 billion to below $12 billion — a materially larger deterioration than bitcoin ETFs “on a relative basis,” but, in his words, “still fairly decent diamond hands in grand scheme (for now).” Fresh flow data suggests the bleeding has slowed, but not flipped decisively. SoSoValue data shows US spot ether ETFs took in about $13.82 million in net inflows on Feb. 10. That followed a week of net redemptions totaling roughly $166 million, extending a multi-week outflow streak. On a monthly basis, SoSoValue figures peg last month’s net flow at about $350 million in outflows. Cumulatively, total net assets are at $11.76 billion as of Feb.10. Goldman Sachs Is Bullish On Ethereum Against that backdrop, Goldman Sachs’ latest 13F disclosure added a different kind of signal: traditional finance’s exposure is increasingly visible, and not confined to bitcoin. On Tuesday, Goldman disclosed about $2.36 billion in crypto-related positions, including roughly $1.06 billion tied to spot bitcoin ETFs and about $1.0 billion to spot ether ETFs, alongside smaller exposures of about $153 million in XRP and $108 million in Solana — a roughly 0.33% allocation in the context of its broader holdings. Related Reading: Can Ethereum Price Still Hit $7,600 In 2026? Here Are The Odds The reactions on X leaned into the optics. Binance founder Changpeng “CZ” Zhao framed the filing as a positioning gap between crypto natives and banks: “Crypto is probably the only place you had an earlier start than the banks. But if you sold your crypto last quarter, while the banks are buying, then…” MoonRock Capital founder Simon Dedic focused on the ETH sizing itself: “Very interesting to see them holding almost as much ETH as Bitcoin. For a conservative investment bank that typically sticks to standard portfolio structures like market cap weighting, this speaks volumes on how they’re significantly more bullish on Ethereum than Bitcoin, which would normally be 4–6x larger in such portfolios. This is the institutional supercycle, and ETH is clearly the institutional darling.” At press time, ETH traded at $1,949. Featured image created with DALL.E, chart from TradingView.com
Ethereum’s outlook for 2026 has become increasingly contested after the most recent downturn in the entire crypto market. Earlier this year, research from Standard Chartered suggested that Ethereum could end 2026 near $7,500, a target that implies significant upside from current levels. However, recent price action, with ETH languishing around $2,000 and lacking clear bullish momentum, puts such projections against a very different realistic outlook. Standard Chartered’s Ethereum Long-Term View In a January research note, Standard Chartered’s digital assets team trimmed its medium-term outlook for Ethereum while keeping a highly optimistic vision for the years ahead. The bank now sees ether closing 2026 near $7,500, down from an earlier forecast of around $12,000, and expects the asset to climb to $15,000 in 2027, $22,000 in 2028, and eventually $40,000 by the end of 2030. Related Reading: Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says According to the note, the change is due to weak performance from Bitcoin dragging broader dollar-denominated crypto valuations, even as the bank pointed to Ethereum’s strengths in stablecoins, decentralized finance, and tokenized assets as positives to hold on to. In the research note, digital assets analyst Geoff Kendrick noted that 2026 is important not just for price but also for Ethereum’s performance relative to bitcoin. Therefore, the most important thing for gains is a rebound in the ETH/BTC ratio to levels last seen in 2021. The Odds – Current Price Action Against Bullish Case The path from roughly $2,000 to the mid-$7,000s looks very tough compared to what it was at the start of the year. This, in turn, has seen the odds of the Ethereum price reaching $7,500 reduce drastically. Ethereum started 2026 on a good foot, with a rally to $3,370 in the first two weeks of the year. Notably, it failed to sustain this rally and has since fallen by about 40% in the past 30 days. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? As it stands, Ethereum is now trading around $2,000, and the price has repeatedly failed to close convincingly above the $2,100-$2,150 zone in recent sessions. Although the leading altcoin is now back to trading above $2,000 after a break below during last week’s sell-offs, bulls are yet to establish any control of price momentum. On-chain data also shows the transfer activity surrounding Ethereum is pointing to elevated stress conditions. Fortunately for bullish traders, it is still too early in the year to rule out the possibility of Ethereum trading at $7,500 in 2026. Several things would need to change for an outcome close to Standard Chartered’s 2026 estimate to become plausible. One of them is the return of demand and steady inflows into Spot Ethereum ETFs. At the time of writing, Ethereum is trading at $2,025. Right now, the cryptocurrency needs to clear the $2,150 resistance and hold above it in order to continue the steady push up. Featured image from Pxfuel, chart from Tradingview.com
The cryptocurrency industry went under intense pressure last week, with Bitcoin and Ethereum leading the crash and multiple cryptocurrencies hitting new multi-month lows. The crash was more pronounced with Bitcoin, though, and the imbalance in selling pressure is quietly shifting the relationship between the two assets. The interesting imbalance is relayed in Ethereum’s performance relative to Bitcoin. A technical analysis of the ETH/BTC ratio shared on the social media platform X by Jonathan Carter indicates that Ethereum may be approaching a critical breakout point against Bitcoin, following an extended period of compression on the 2-week candlestick timeframe chart. Long-Term Triangle On The Verge Of Break According to technical analysis of the ETH/BTC 2-week chart, Ethereum is nearing an important point against Bitcoin after years of consolidation beneath a descending trendline. This long-running pattern originates from a major peak in relative valuation in July 2017, when 1 ETH was worth 0.154 BTC in Bitcoin terms, and has since formed a series of lower highs to form a falling resistance trendline. The lower boundary of this pattern is a long-tested support zone around 0.02 that has repeatedly drawn buying interest for Ethereum in relation to Bitcoin. Related Reading: Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says At the time of writing, the ETH/BTC ratio is trading around 0.030. However, the most recent 2-week candlestick has flipped green, and this development is important to the bullish outlook of Ethereum’s performance against Bitcoin. The bullish projection is based on a full playout of the green candlestick with a push towards the descending triangle’s resistance trendline. If the pair can convincingly break above the descending triangle’s upper trend boundary with sustained momentum, then this would allow Ethereum to enter a phase of sustained outperformance against Bitcoin. How High Could ETH/BTC Go If A Breakout Happens? Crypto analyst Jonathan Carter outlined a series of potential upside targets should the ETH/BTC pair break free from its downward trend. The first target is around 0.040 BTC, which would represent a clear departure from the compressed range seen across recent months. If momentum continues, higher potential objectives include 0.060, 0.085, 0.105, 0.124, and all the way up to the 2017 peak of 0.154. Related Reading: Here’s Why The Bitcoin And Ethereum Prices Are Still Trading Sideways Translating these ratio-based targets into absolute price levels is less straightforward, as the projections are based on Ethereum’s performance relative to Bitcoin and not standalone price moves. Such a performance can happen in two major ways: either Ethereum receives more inflows than Bitcoin, or Bitcoin could crash more than Ethereum during a market-wide correction. The former scenario would most likely translate into a sustained rotation into Ethereum and the wider altcoin market, setting the stage for an altcoin season. Nonetheless, both scenarios will see the otherwise strong Bitcoin dominance dropping massively. Featured image from Pixabay, chart from Tradingview.com
Ethereum is quietly setting up for a potentially decisive move as the Libra formation remains active on the weekly chart. While confirmation is still pending, the structure has not been invalidated, keeping the upside scenario firmly on the table. With key resistance levels overhead and momentum beginning to stabilize, ETH may be entering a critical phase where the next major directional move starts to take shape. Weekly Libra Formation Keeps The Bullish Case Alive On the X platform, Kamile Uray highlighted that Ethereum is currently forming a Libra pattern on the weekly chart. With the weekly candle yet to close and no invalidation so far, the bullish formation remains active and continues to be a valid scenario. Related Reading: Ethereum Bulls Must Conquer $3,050 Or Momentum Quickly Fades According to the update, confirmation of a reversal would open the door for a move toward the $4,956 high, but the price may face notable resistance along the way, particularly around the $3,445 level. Kamile Uray noted that a daily close above $2,475 would serve as the first technical signal that upside momentum is strengthening and that the recovery could continue. Failure to sustain movement above this area could delay further progress and keep the price vulnerable to pullbacks. Since the Libra formation is developing on the weekly timeframe, the pattern would only be considered invalid if Ethereum breaks below the $1,388 low, underscoring the broader, long-term nature of the setup. Ethereum Stretches Higher At $2,086 After A Sharp 22% Run According to Can Özsüer, Ethereum is currently trading around $2,086, marking a strong rally from the $1,730 area. From that level to the current price, ETH has surged roughly 22% without a meaningful correction, which increases the likelihood of short-term profit-taking. After such a sharp move, light selling pressure typically emerges as the market cools off. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? Can Özsüer notes that any selling from this region is expected to remain controlled rather than aggressive. The ideal pullback zone lies between $1,950 and $2,000, where the price could reset without damaging the broader bullish structure. A dip into this range would be considered healthy and could set the stage for the next leg higher. Once that corrective move plays out, the next upside objective comes in around the $2,200 level. However, if price pushes straight toward the target without offering a pullback, the strategy would need adjustment. In that scenario, chasing a long position becomes less attractive, as a stronger selling wave could follow once the target is reached. If a correction does materialize, Can Özsüer suggests that a long position on the pullback would be the preferred approach. Featured image from Pixabay, chart from Tradingview.com
Recent on-chain data has shown that Vitalik Buterin’s withdrawal of 16,384 Ethereum has sparked renewed debate around the ETH distribution and founder intent. While large wallet movements often trigger speculation, this transfer aligns with a long-standing reality of the ETH development model, and the network is largely self-funded by its founders and ecosystem contributors. Ethereum founder Vitalik Buterin’s recent withdrawal and sale of 16,384 ETH was not a market signal, but a deliberate funding decision. The Ethereum Daily revealed on X that the ETH was withdrawn to personally finance open-source initiatives aimed at building a secure, verifiable, and open full stack of software and hardware. How This Impacts ETH’s Supply And Market Perception These efforts span a wide range of critical technologies, including privacy-preserving systems. Examples are zero-knowledge proofs (ZK), fully homomorphic encryption (FHE), and differential privacy, as well as secure hardware, encrypted messaging apps, local-first software, opening systems, finance, communication, governance tools, and even biotech and public health research. Related Reading: Ethereum Active Addresses Near All-Time High Despite Price Plunge Vitalik framed this move within the broader context of the ETH Foundation’s strategy to reduce costs and refocus basics to ensure long-term stability. At the same time, they’re pushing ETH forward with improved scaling and greater decentralization, and offering users full control over their data and assets. According to Materkel, an Ethereum decentralization maxi, the statement, “the last five years were a mistake” from some former ETH maximalists, was a complete misconception. ETH is actively transitioning into a rollup-centric architecture, which means the last several years of research and development were not wasted. ETH is profiting from every second of effort invested in research and the work surrounding rollups, particularly in areas like ZKVMs, which would not be nearly where they are today without the ETH rollup-centric roadmap. As outlined in Vitalik Buterin’s early writings, this trajectory was always the intended endgame for Layer 1 scaling. The alternative approaches would have been a subpar solution. Related Reading: Ethereum Faces High-Stakes Moment at $2,200 as Whale Longs Clash With Bearish Flow Data Currently, ETH has reached the point where it can unify the rollup ecosystem through native rollups and synchronous composability. However, the rollups remain the future of scaling, and ETH is positioned to serve as their primary issuance and settlement layer and security anchor, at the heart of the robust ecosystem. Ethereum As The Operating System Of The Internet Economy The Ether Machine has noted that Ethereum functions as the operating system for a new internet-native economy. Rather than existing solely as a digital asset, ETH operates as a self-sustaining economic system where applications drive demand, network activity generates fees that capture value, and staking provides the security that powers global financial settlement. Featured image from Getty Images, chart from Tradingview.com
Ethereum (ETH) is entering a new phase in which long-held assumptions about scaling are being openly questioned. As spot Ethereum ETFs post their first net inflows after several days of outflows, and on-chain data shows renewed activity on the mainnet, Ethereum co-founder Vitalik Buterin is urging the ecosystem to rethink the role of layer-2 networks. Related Reading: Standard Chartered Cuts 2026 Solana Prediction To $250, Eyes $2,000 By 2030 Vitalik’s message is direct, Ethereum’s base layer is scaling fast enough that L2s are no longer essential as capacity providers, and their future value lies elsewhere. ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Ethereum Mainnet Scaling Changes the L2 Narrative In recent statements, Buterin said Ethereum’s original rollup-centric roadmap no longer reflects current conditions. Gas limit increases and protocol upgrades have expanded Layer 1 throughput while reducing fees, making direct mainnet usage more attractive. Data shows monthly active addresses on Ethereum L1 rising sharply, even as aggregate L2 usage has declined. This shift undermines the idea that L2s act as “Ethereum shards” that inherit full security and censorship resistance from the base layer. Many L2s have struggled to reach advanced levels of decentralization, often retaining centralized controls for operational or regulatory reasons. According to Buterin, a high-throughput chain connected via a multisig bridge does not scale Ethereum itself, because the trust assumptions differ. As Ethereum scales directly, L2s are no longer required to provide basic block space. That change, Buterin argues, should free developers from having to force L2s into a single definition. A Spectrum of L2 Designs and Native Rollups Rather than abandoning L2s, Buterin is reframing them as a spectrum. Some may be tightly secured by Ethereum, others may be partially connected, and some may be effectively independent systems that interoperate with Ethereum when needed. Transparency around trust and security guarantees is central to this approach. On the protocol side, Buterin highlighted progress toward native rollups. A proposed rollup precompile would allow Ethereum to verify zero-knowledge EVM proofs at the protocol level. Because it would be part of Ethereum itself, upgrades and bug fixes would be handled through normal network upgrades, reducing reliance on external governance structures and simplifying interoperability. ETF Inflows and Market Context The strategic pivot comes as institutional signals improve. Ethereum spot ETFs recorded a net inflow of about $14 million, led by BlackRock’s ETHA fund, marking a reversal after recent outflows. While short-term price action remains volatile, the return of ETF inflows suggests continued interest in Ethereum as its base layer strengthens. Related Reading: Bitcoin Drop Below $80,000 May Not Be The Final Capitulation Event, Checkonchain Says For L2 builders, the message is clear. Competing solely on lower fees is no longer enough. Future relevance will depend on specialization, whether through privacy-focused execution, application-specific chains, ultra-low-latency systems, or non-financial use cases such as identity and AI. Cover image from ChatGPT, ETHUSD chart on Tradingview
Ethereum has seen a sharp sell-off that sent the price straight into a major demand zone near $2,150, which is now acting as the market’s last line of defense. Whether buyers step in here or fail to hold the line could determine if this move becomes a temporary liquidity flush or the start of a deeper trend shift. ETH Loses Key Support As Short-Term Momentum Turns Bearish Michael Van De Poppe noted that Ethereum has slipped below a crucial support zone, signaling increased short-term pressure. On the lower timeframes, price action has turned clearly bearish. However, zooming out to the higher timeframes, the broader structure remains intact, with ETH still trading within a larger uptrend. Related Reading: Ethereum Price Recovery Runs Into A Wall, Decline Risk Returns He pointed out that Ethereum likely marked its cycle low back in April 2025, suggesting the current weakness may be corrective rather than the start of a sustained bearish phase. At this stage, ETH appears to be searching for a higher-timeframe support level that could act as a base for a renewed move to the upside. Van de Poppe highlighted the 0.025–0.0265 BTC region as a key support zone on the ETH/BTC pair. Importantly, the recent correction has already retraced more than half of the move toward this level, increasing the likelihood that demand could step in around that range. On the upside, he added that a recovery above the 0.0325 BTC level. While less likely in the near term, it would be a strong signal that bullish momentum has returned and a continuation of the broader uptrend. Despite ongoing volatility, Van de Poppe remains confident that Ethereum will significantly outperform Bitcoin over time. Thus, he will continue to accumulate ETH at these levels. Sharp Sell-Off Drives Ethereum Into Major Demand Near $2,150 In a more recent update, Dami-DeFi pointed out that Ethereum failed to hold the rising support line near the $2,800 level, which he had previously identified as critical. This breakdown was confirmed on the daily timeframe, triggering a sharp sell-off that pushed the price swiftly into the next major demand zone around $2,150. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? If buyers manage to defend this level, the recent drop could be interpreted as a liquidity sweep followed by a market reset, rather than the start of a deeper downtrend. In that case, price action would likely shift into a choppy consolidation phase, with ETH rebuilding structure between $2,150 and $2,700. According to Dami-DeFi, a meaningful bullish shift only comes into play if Ethereum can reclaim $2,700 and then establish acceptance above $2,850. Until those levels are recovered and held, any upside attempts are likely to remain corrective, with the market still focused on whether demand can firmly step in at current levels. Featured image from Pxfuel, chart from Tradingview.com
Ethereum is trading at a critical juncture as buyers continue to defend the $2,600 support zone, attempting to stabilize the price after recent volatility. While this level is keeping short-term downside in check, broader market pressure and weakening structure leave bears watching closely for a potential breakdown that could open the door to a deeper macro pullback. $2,600 Holds As Key Support On Ethereum 6H Chart On X, Can Özsüer highlighted that Ethereum is currently holding above the $2,600 support zone on the 6-hour chart, a level that has so far provided a solid base for price action. As long as ETH continues to defend this area and avoids a clear candle close below it, the broader structure remains constructive for a potential upside attempt. Related Reading: Ethereum Stalls In A Critical Zone As Breakout Structures Wait For Confirmation With support intact, the analyst pointed to a recovery toward $3,050, followed by a possible move into the $3,150 region. These zones are seen as logical reaction levels where price may either consolidate or face temporary resistance if buying momentum gradually strengthens. However, for Ethereum to unlock a more meaningful bullish continuation, Özsüer stated it must reclaim $3,350, referred to as box number two on the chart. A decisive close above this level, backed by strong volume, would open the door for higher price exploration. If ETH fails to break through that resistance, it could cap price and trigger another wave of selling. In that case, a deeper pullback toward the $2,400–$2,100 support range becomes a real possibility. Özsüer also shared that he has already taken a long position based on the $2,600 support on the 1-hour chart and is monitoring price closely, with plans to add to the position depending on how momentum develops. Loss Of $2,710 Targets The $2,620 Swing Low According to crypto analyst Ardi, Ethereum is currently sitting in a make-or-break area, with $2,710 standing out as a crucial short-term support level. A clean loss of this zone would likely accelerate downside pressure, placing the $2,620 swing low firmly in focus as the next area where liquidity could be tested. Related Reading: Ethereum Chart Turns Bullish: New Cycle Energy Points To $5,000 Ardi emphasized that the $2,450 region serves as the primary line of defense for the broader market structure. Holding this level would be essential to prevent a deeper structural breakdown, as a sustained move below it could push Ethereum into a far more vulnerable technical position. Compounding the downside risk, ETH/BTC remains in a strong downtrend, highlighting Ethereum’s ongoing underperformance relative to Bitcoin. This relative weakness suggests that volatility could stay elevated in the coming sessions, making the environment increasingly unstable for ETH holders. Featured image from Pexels, chart from Tradingview.com
Ethereum (ETH) has retested its crucial $2,800 support level for the second time this week, as the broader crypto market erases all its intraweek gains. Some market observers have weighed in on whether investors should worry about King of Altcoin’s performance. Related Reading: Analysts Say Dogecoin Consolidation Is About To End – Parabolic Run Or Crash Ahead? Ethereum Plunges Amid Broader Market Crash On Thursday, global markets experienced a sharp decline, with stocks, cryptocurrencies, and even precious metals erasing over $3 trillion in market value in just a few hours. Ethereum, the second-largest cryptocurrency by market capitalization, followed the market-wide correction, retracing 6.9% in the daily timeframe. The cryptocurrency has been hovering between $2,800 and $3,300 since the start of the year and attempted to reclaim the upper zone of this range this month. Nonetheless, the recent geopolitical tensions and macroeconomic uncertainty have weakened the appetite for risk assets and halted the crypto market’s early January momentum. According to Binance market data, Ethereum fell below $2,800 on Thursday morning, briefly bouncing before reaching a one-month low of $2,773. Meanwhile, the leading cryptocurrency by market capitalization, Bitcoin (BTC), saw a sharp 6.2% decline, reaching a two-month low of $83,934. Data from CoinGlass shows that crypto liquidations over the past 24 hours surged to nearly $1 billion, with $917.17 million in leveraged positions forcibly closed at the time of writing. During this period, 223,915 traders were liquidated, and the largest single liquidation order happened on Hyperliquid, valued at $31.64 million. Notably, more than half of the liquidations occurred in the past four hours, wiping out over $620 million since the morning. Around $422 million came from Bitcoin positions, while $160 million came from Ethereum positions. ETH Price In ‘Endless Range’ Amid the market correction, some analysts shared their perspective on ETH’s price action. Sjuul from AltCryptoGems highlighted Ethereum’s price range in the daily chart, where the altcoin has hovered over the past two months. According to the analyst, there isn’t a clear trend as Ethereum continues to trade within its “seemingly endless range” between $2,600 and $3,350. He suggested that investors should wait for a proper breakout above the upper boundary or a breakdown from the range lows before celebrating or worrying. Similarly, trader EliZ affirmed that ETH’s macro perspective doesn’t show either real strength or weakness, but “an enormous, forced equilibrium” on the longer timeframes. He pointed out that ETH “continues to move within well-defined boxes, above and below the same levels for months/years, without ever building a directionality that can be described as structural.” Related Reading: Prediction Markets On BNB Chain Explode As Trading Volume Crosses $20B Based on this, the trader asserted that without a successful move and confirmation from its key range, short-term efforts don’t signal a “change of regime. Only liquidity rotation.” “We are not in a bullish phase, nor are we in a bearish phase. We are in a macro stalemate, where the market decides not to decide. Until we see a clean and sustained breakout of the indicated boxes …or a net loss of the same …any strong narrative is just storytelling,” he concluded. As of this writing, Ethereum is trading at $2,798, a 5.3% decline on the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The Bitcoin and Ethereum prices rallied after reports of the US dollar crashing spread across the market. Recent data show that the US dollar has fallen to its lowest level in four years, raising concerns about the strength of the world’s dominant reserve currency. As the dollar weakens, market players are beginning to shift attention to alternative assets such as precious metals and digital currencies, including BTC, which is increasingly viewed as a potential hedge against rising inflation and currency depreciation. US Dollar Falls To Lows Not Seen In 4 Years New reports from Bloomberg highlight the relentless slide in the US dollar index (DXY) over recent weeks, with the price tumbling further after President Donald Trump’s comments on the currency’s performance. Sources reveal that Trump said the dollar is “doing great,” despite its ongoing downturn. Related Reading: Analyst Says Chainlink Price Could Crash 50% If This Level Fails Traders interpreted the President’s seemingly indifferent response to the declining dollar as a signal that the slide could continue, triggering further selling pressure. Data from the web-based stock market research platform Finviz shows that, as of writing, the US dollar index has crashed to 95.92 from a previous level near 100. This marks its weakest level in nearly four years, specifically since 2022. Additionally, Bloomberg reported that its Dollar Spot Index also recorded its lowest four-day decline since Trump announced new tariffs in April 2025. Traders in the $9.5 trillion per-day currency markets are also increasingly betting that the dollar could decline further, as US policy risks weigh on the world’s primary reserve currency. Amidst the decline in the US dollar index, cryptocurrencies like Bitcoin and Ethereum are posting gains. BTC’s price rose above $89,000, while Ethereum has climbed more than 3% to reach above $3,000, in the past 24 hours. This simultaneous rally in cryptocurrencies alongside the weakening US dollar suggests that investors may be shifting capital to risk-on assets. Market analyst ‘Master of Crypto’ recently outlined several reasons behind the continued decline in the weakening US dollar in a post on X. He explained that large budget deficits, the FED’s challenge of balancing inflation control with job market stability, steady bond supply, and FX hedging activities are keeping the US dollar near recent lows. According to him, in this type of market environment, holding idle cash becomes a significant risk for investors. Related Reading: Here’s How Much XRP Ripple Execs Have Dumped So Far Possible Implications For The Bitcoin And Ethereum Price Historically, periods of US dollar weakness have often coincided with rallies in Bitcoin, and other cryptocurrencies. When the dollar declines, investors sometimes seek alternative assets to preserve value. This can increase demand for Bitcoin and Ethereum, which are viewed by many as alternative stores of value and risk-on assets. While this correlation is not a clear indication of a potential cryptocurrency rally, analysts like ‘Milk Road Macro’ suggest that the declining dollar could help support a broader crypto market recovery. He said that as the dollar weakens, capital will flow into precious metals like gold and silver. Soon after, this same capital is expected to rotate into BTC, potentially fueling a price rebound. Featured image created with Dall.E, chart from Tradingview.com
The Ethereum price has struggled to regain momentum amid a persistent downtrend. After closing the last four months in the red, the world’s second-largest cryptocurrency is showing no signs of relief in January 2026. On-chain data shows that Ethereum’s current trajectory mirrors past cycle downturns, raising the possibility of further price declines and prolonged bearish sentiment. Ethereum Price Nears Fifth Consecutive Month Of Losses Ethereum has been in a prolonged slump, marking its fourth straight month of losses in 2025. As the market navigates the final week of January, the cryptocurrency is poised to potentially close a fifth consecutive month in the red, a streak that would reinforce the ongoing bearish trend. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? On-chain data from CryptoRank shows that throughout 2025, Ethereum saw more red months than green ones. The cryptocurrency began the year with four consecutive months of decline from January to April, followed by a brief recovery in May, only to fall again in June. After this, ETH posted two months of gains, finishing July and August in the green. However, this recovery was short-lived, and since then, the cryptocurrency has been in a downtrend. During its most recent four-month decline, CryptoRanks reported that Ethereum closed September down by 5.59%. The downtrend accelerated at the end of November, with the cryptocurrency crashing by 22.2%, more than four times the decline of the previous monthly close. December 2025 saw another month in the red, though the drop was much smaller, at just 0.83%. Now, in January 2026, Ethereum is still in a downtrend. On-chain data indicates the cryptocurrency has already fallen 1.78% this month, and shows no sure signs of a bullish reversal. Moreover, at the time of writing, ETH is trading above $2,900, reflecting a roughly 5.95% decline over the past week. What A Red January Could Mean For ETH The last time Ethereum closed five consecutive months in the red was in 2018. That year, Ethereum significantly underperformed, recording gains in only 3 of 12 months. The cryptocurrency had posted continuous monthly losses, with November marking its steepest monthly decline at 42.5%. Related Reading: Ethereum Funding Rates Pushing Towards Negative: What’s Going On? After the four-month closing streak, Ethereum’s downtrend persisted for another two months before experiencing a sharp but brief recovery in December 2018. Despite this temporary rebound, the cryptocurrency closed January 2019 in the red, falling 20%. If history were to repeat itself in the current cycle, Ethereum could end January in a decline, similar to its 2018 performance. Interestingly, historical data shows that February has often been a bullish month for ETH. However, 2025 has seen declines from January through to April; it’s uncertain if Ethereum will follow past bullish patterns. For now, what is certain is that ETH’s price is down and would need a significant boost in its bullish momentum. Featured image from iStock, chart from Tradingview.com
The second-largest cryptocurrency by market capitalization, Ethereum, appears to have quietly crossed an important critical threshold that has historically signaled major price expansions. While the Ethereum price action may still appear calm on the surface, underlying market structure and flow dynamics suggest a meaningful shift is underway. This type of transition typically occurs when accumulation replaces distribution, volatility compresses, and smart money positions ahead of broader market recognition. A Silent Shift That Usually Comes Before Violent Expansion Ethereum just crossed a quiet but massive threshold. Trader and investor Shuarix has mentioned on X that Zama has gone live with the first fully encrypted Initial Coin Offering (ICO) ever executed on the ETH mainnet, moving a confidential USDT and running a sealed-bid Dutch auction entirely on encrypted data. Related Reading: Ethereum Gains Institutional Support, Though ETH Price Outlook Remains Contested In just 3 days, more than $118 million was committed, over $100 million was shielded, and the auction was 218% oversubscribed with more than 11,000 verified bidders. At peak activity, the Zama application became the most-used app on ETH, surpassing both USDT and Uniswap during the event, with zero downtime and full ETH-level throughout. Crypto analyst Milk Road revealed that BitMine Immersion Technologies has made a large purchase of 40,302 ETH in a single move, which brings their total stack holdings to a massive 4,243,338 ETH, worth over $12.3 billion at the current price. In perspective, the company now controls 3.52% of the entire ETH circulating supply, and they’re not just letting it sit idle. According to Milk Road, BitMine has over 2 million ETH tokens already staked, generating $180 million in annualized rewards. This means the company is not just playing the buy-and-hold game, but compounding its position at scale, which is all well and good for BitMine. Meanwhile, this sustained buying pressure will help create a price floor for the long-term ETH holders. Furthermore, this move is the type of institutional accumulation that will keep ETH moving inside its ascending channel. Thus, this will help to pull the price back into that channel after the macro shocks temporarily push it out. “Below is the 2025 tariff shock. While the headlines try to muddy your view of things, this chart will tell the real story,” Milk Road noted. Accumulation Continues Despite Price Being Near Entry Levels The realized price of the Ethereum accumulation address is acting as a major support level. A crypto investor known as CW has also pointed out that ETH has only reached this realized price once in history, which is very similar to the current price range. Related Reading: Ethereum Stalls In A Critical Zone As Breakout Structures Wait For Confirmation However, the whale’s purchase price for ETH is not significantly different from the current price. Despite that, their ETH accumulation is increasing, indicating that whales still view the current price as fair value. This shows that they are preparing for an upward trend. Featured image from Adobe Stock, chart from Tradingview.com