In the last bull run, when the Bitcoin price surged and crossed $100,000, the Ethereum price was expected to follow the same trajectory as it had in the past. But that was not the case, and the second-largest cryptocurrency by market cap was barely able to cross its previous all-time high price, but by only around $100. This meant that the Ethereum price remained below $5,000, disappointing investors. Given its poor performance so far, is it still possible that the Ethereum price will eventually cross $5,000? It Could Take Years For The Ethereum Price To Hit $5,000 The prediction algorithm of the CoinCodex website takes into account a number of factors in a bid to determine where the price of a digital asset could end up. These predictions go from the very short term (a matter of days) to the very long term (decades), showing a possible path that the cryptocurrency could take. Related Reading: Ethereum, Ethereum news, Ethereum price, ETH, ETHUSD, ETHUSDT, ETH price, ETH news For the Ethereum price, the predictions remain mostly bullish, given that it continues to receive a lot of support from investors. However, when it comes to the Ethereum price hitting new all-time highs, the prognosis for the short term remains muted, with the better rallies expected to happen over the course of years. Despite various predictions from crypto analysts that the Ethereum price would cross $5,000 in 2026, the algorithm dashes these hopes. In fact, it puts the max price that Ethereum will reach in 2026 at $4,445. Thus, a new all-time high above $5,000 is out of the picture. Instead, the algorithm suggests that it could take a few years for the cryptocurrency to reach the $5,000 mark. It puts this to happen in the third quarter of the year 2028, meaning that there is still around two years to go before the Ethereum price can cross $5,000. What About The $10,000 Mark? The 5-figure mark is expected to be even more elusive for Ethereum, given that the digital asset has already struggled so much to keep up with Bitcoin. The algorithm predicts that it will not happen before 2030, as many analysts have predicted. But instead, it would take around a decade for the Ethereum price to cross $10,000. According to the prediction chart, the first mention of Ethereum at $10,000 first appears after 2040, meaning it would take way more than 10 years for Ethereum to reach this milestone. Related Reading: Bitcoin Price Has Not Reached Its Real Bottom, And A ‘Big Storm’ Is Coming As for the very short term, though, the prediction remains bullish with the algorithm predicting double-digit rallies for the Ethereum price in the next month. The price is also expected to double in the next three months, with a high prediction of $4,298 coming out of the second quarter. Featured image from Dall.E, chart from TradingView.com
Ethereum has started to show signs of life again after weeks of muted price action, but one analyst believes the current move is only the beginning of something much larger. This inclination is based on a technical setup built around a hidden inefficiency zone after the Ethereum price recently broke above $4,500. The technical analysis shows that the unfilled gap may be the first waypoint in a recovery that eventually pushes the ETH price to five figures above $10,000. The FVG Zone Now Acting As A Magnet Technical analysis done by crypto analyst Crypto Patel laid out a path to where the Ethereum price goes from here. However, the most important part of the analysis is a Fair Value Gap (FVG) zone that could trigger the next alt season. This FVG, which is between $2,475 and $2,634, was formed during Ethereum’s breakdown earlier in the year, leaving behind an imbalance that price has yet to revisit. Related Reading: Here’s The Next Key Bitcoin Price Resistance To Worry About In technical analysis, these inefficiencies and gaps tend to act as magnets, especially when price begins to recover with momentum. The expectation is that Ethereum will attempt to fill this zone before any major rejection. Ethereum’s recent reclaim above $2,300 and push to as high as $2,415 places it within striking distance of the FVG, and there’s now a high probability that it could fill it to reach as high as $2,634 in the coming days. Ethereum Price Chart. Source: @CryptoPatel On X The Road To $10,000 The entire bullish argument rests on the strength of the $1,750 support zone. This level held during the recent selloff and formed the base for the current recovery. Ethereum is now looking like it’s slowly turning bullish, and the structure ahead is laid out in three distinct layers. The first is reclaiming the FVG. Related Reading: Bitcoin Signal That Has Predicted Every Bottom Before A Price Explosion Has Just Triggered Again The second layer is the Bearish Order Block between $2,900 and $3,035. This is where a significant selling occurred in early February, which flipped what had been support of a symmetrical triangle into resistance. A clean break above this order block would invalidate the lower high pattern visible on the chart above and extend into a broader uptrend. According to the analyst, this is the level that could confirm the start of a wider altcoin rally, not just a recovery in Ethereum. Failure at this level, however, keeps the current structure intact. Worst case scenario is a rejection at $3,035 which sends the ETH price back to trading between $2,000 and $1,500. THis is a reminder that the upside scenario is not guaranteed. A confirmed break above $3,035, would however, change the entire momentum into a bullish one, and long-term bullish projections will start to make sense. According to Crypto Patel, the long-term target for the Ethereum price in this case is a break above $10,000. Featured image created with Dall.E, chart from Tradingview.com
Across global markets, Ethereum has emerged as one of the most heavily shorted assets, a positioning that reflects more than simple bearish sentiment. It signals a growing divergence between market expectations and ETH’s long-term fundamentals, placing the asset at the center of an increasingly complex macro and structural narrative. How Ethereum Short Interest Now Rivals Commodities Like Silver Ethereum is currently one of the most heavily shorted assets in the world, approaching the scale of traditional commodities like Silver. An analyst known as DGMD.6529 on X revealed that over the past 21 months, institutions have reportedly acquired roughly $21 million in ETH per day, amounting to approximately $11.8 billion through ETFs alone. Related Reading: Ethereum Leads The Tokenization Race With Billions In Assets Beyond that, firms such as Bitmine and Sharplink, along with other digital asset treasuries (DATs), have collectively acquired an additional $10-15 billion outside ETF channels. DGMD.6529 argues that the global financial system is undergoing a structural shift. Banks and financial institutions are increasingly realizing that survival in the next era requires moving on-chain and integrating Decentralized Finance (DeFi) infrastructure. In that transaction, ETH remains the dominant platform for both DeFi and real-world assets (RWAs), with a moat that continues to expand. Its advantage lies in credible neutrality and reliability, while speed and cost continue to improve rapidly with mainnet scaling. From a market structure perspective, ETH is still trading in the bottom half of a 5-year consolidation range that has persisted since 2021. Meanwhile, its product-market fit and narrative strength have never been stronger. It has been treading water, waiting for the world to be ready for mass tokenization and smart contract utilization, which is already in place. Sharing insights on price action, Crypto analyst Daan Crypto Trades has highlighted that Ethereum is currently at a critical technical juncture as it retests its weekly 200 moving average (200MA). Earlier this year, during the sharp January sell-off, ETH lost this key level. The move mirrors a similar breakdown seen last year during the period of heightened volatility surrounding tariff-related market uncertainty, where prices also experienced a sharp downside reaction. Daan noted that the focus shifts to whether bulls can reclaim this level as support, with ETH revisiting this weekly 200MA. Ethereum’s Validator Lead As A Long Decade Advantage According to Everstake, Ethereum is the number one leading network in validator distribution. With an estimated 921,500 validators, ETH operates at a scale that clearly sets it apart from the rest of the market. While other networks continue to evolve and optimize for their own priorities, ETH’s strength lies in its breadth of participation in securing the network. Related Reading: Ethereum Steals The Spotlight As Capital Moves Away From Bitcoin Everstake pointed out that this level of distribution reinforces one of the core principles of blockchain decentralization, long-term resilience, and security. In many ways, the validator scale has increasingly become one of the clearest indicators of network maturity, and in this regard, ETH remains the reference point. Featured image from Pixabay, chart from Tradingview.com
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Ethereum is testing resistance just below $2,400, caught between renewed buying interest and the lingering uncertainty that has defined the market for months. The price action looks tentative from the outside — but a CryptoQuant report is pointing to something happening beneath the surface that the chart alone does not capture. Related Reading: Bitcoin Miners Are Choosing To Hold At $74K: Changing The Supply Picture According to the report, the 14-day moving average of Ethereum’s Taker Buy Sell Ratio on Binance has surged to 1.036, its highest reading since April 2021. That means buyers on Binance are not just present — they are outpacing sellers at a rate the market has not seen in over four years. What makes that figure genuinely striking is the context in which it is occurring. Ethereum has fallen from a peak of $4,700 in October 2025 to its current level near $2,300, a decline of more than 50%. That is not a minor pullback. That is a half-price correction. Yet in the middle of that correction, aggressive buying pressure on Binance has quietly reached a multi-year high. When price falls sharply while buying intensity rises to historic levels, it creates a divergence that markets rarely ignore for long. The sellers are in control of the price right now. The question the data raises is whether they are running out of room to stay that way. When Price Falls and Buyers Get More Aggressive, Something Is Usually Changing The divergence the CryptoQuant report highlights is one of the more compelling setups in recent Ethereum data. A Taker Buy Sell Ratio above 1 means that market buy orders are actively outpacing market sell orders — buyers are not waiting for sellers to come to them, they are hitting the ask. The fact that this aggression is reaching a four-year high while prices continue to decline is the contradiction that demands attention. In most market conditions, aggressive buyers slow down when a correction deepens. Here, the opposite is happening. As Ethereum has moved further from its October peak, the buying intensity on Binance has increased rather than retreated. That kind of behavior does not typically come from retail participants reacting to price. It looks more like large entities deliberately absorbing available sell-side supply at a discount — what analysts often describe as smart money using weakness as a buying opportunity rather than a reason to step back. The significance of that dynamic is straightforward. Sellers can only sell what they have. If aggressive buyers continue absorbing that supply at the current pace, the pool of willing sellers gradually shrinks. When it shrinks enough, the price pressure that has defined Ethereum’s correction loses its fuel — and the setup for a reversal becomes structural rather than speculative. That point has not been reached yet. But the data suggests the distance to it is narrowing. Related Reading: XRP Whale Flows Hit 2021 Levels: Is History Repeating? Ethereum Tests $2,400 Resistance as Short-Term Momentum Improves Ethereum is approaching a critical resistance zone near $2,400 after recovering steadily from its February capitulation low around $1,800. The chart shows a clear shift in short-term structure: price has transitioned from a sequence of lower highs and lower lows into a pattern of higher lows, indicating that buyers are gradually regaining control. The recent move is supported by the 50-day moving average (blue), which has turned upward and is now acting as dynamic support. This is typically an early signal of momentum recovery. However, the broader trend remains unresolved. ETH is still trading below both the 100-day (green) and 200-day (red) moving averages, which continue to slope downward, reinforcing the presence of overhead resistance. Related Reading: Ethereum Just Saw Its Strongest Institutional Demand Signal Since October: Find Out If It Lasts The $2,300–$2,400 region is technically significant. It previously acted as support before the February breakdown and is now being retested as resistance. A clean break and consolidation above this range would mark a structural shift and likely open the path toward the $2,700–$2,900 region. Volume remains relatively muted compared to the February spike, suggesting the recovery is controlled rather than driven by aggressive inflows. This implies accumulation rather than speculation. Failure to break above resistance would likely extend consolidation between $2,000 and $2,400, delaying confirmation of a broader trend reversal. Featured image from ChatGPT, chart from TradingView.com
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Ethereum’s derivatives market on Binance is flashing a setup that could leave short sellers exposed if the recent move higher continues. According to analysis shared on X by CryptoQuant contributor Darkfost, positioning has become increasingly one-sided even as ETH has rebounded sharply from its February low, creating the conditions for further short squeezes. Ethereum Bears Crowd In On Binance The core of the argument is a mismatch between price action and trader conviction. Darkfost said that since February, around 350,000 ETH has been added to open interest on Binance, which now represents roughly 37% of total market share. At current prices, that amounts to more than $1 billion flowing into Binance’s ETH derivatives complex. Related Reading: A Historic Ethereum Signal Just Fired – Discover What Happens Next What stands out is not just the size of that increase, but the direction of positioning behind it. “What is paradoxical is that despite the recent price increase (+35% since the February low), the majority of investors appear to be positioning for a correction by shorting the market,” Darkfost wrote. “This can be observed through ETH funding rates on Binance, which have reached levels not seen since the previous bear market.” That matters because funding rates offer a read on which side of the perpetual futures market is leaning more aggressively. Darkfost said Binance funding has remained mostly negative since late January, suggesting traders have continued to pay to hold short exposure rather than chase the rebound. In other words, the move higher has not fully reset bearish conviction. Related Reading: Ethereum Profit-Loss Indicator Is Hovering Just Below Neutral – The Market Waits for A Catalyst The post argues that this skepticism has now reached a level that is unusual even by recent standards. “Observing such negative levels, with funding rates dropping below -0.01%, is relatively rare and indicates a significant buildup of short positions while investors remain in disbelief,” Darkfost wrote. “When this level of consensus forms, it is not uncommon for the market to move against the majority, triggering liquidations of the most aggressive positions and leading to short squeeze events, like the one observed yesterday.” That squeeze dynamic has already started to show up in the liquidation data. Darkfost noted that more than $3 million in short positions were liquidated twice within a single hour on Binance, a sign that even modest upside extensions are capable of forcing leveraged bears out of the market. In crowded setups, those forced exits can become self-reinforcing, as liquidations add incremental buy pressure and push price into the next pocket of vulnerable positions. The broader implication is not necessarily that Ethereum is entering a straight-line rally, but that the derivatives structure has tilted in a way that can amplify upside if sentiment remains slow to adjust. Darkfost framed the recent rally as the “early phase of the uptrend,” arguing that months of short accumulation could continue to provide fuel if traders remain positioned for reversal rather than continuation. There is, however, one important shift underway. Funding rates are now beginning to turn positive again, with Darkfost citing a reading around +0.01%, though the day’s data was not yet complete. If that change holds, the market structure would begin to look different: less driven by disbelief-fueled squeezes, and more by traders starting to align with the move. For now, the message from Binance’s ETH derivatives market is fairly clear. Shorts have piled in aggressively, but the more crowded that trade becomes, the more fragile it is if Ethereum keeps grinding higher. At press time, ETH traded at $2,318. Featured image created with DALL.E, chart from TradingView.com
Ethereum is trading just below $2,400. The market is seeing relief. And over the past 48 hours, US institutional investors briefly paid the highest premium for Ethereum they have paid since October — before pulling back almost as quickly as they arrived. Related Reading: Ethereum Profit-Loss Indicator Is Hovering Just Below Neutral – The Market Waits for A Catalyst An Arab Chain report tracking the Coinbase Premium Index for Ethereum has identified a two-day institutional demand signal that reframes the current recovery as something more than a broad market bounce. The index — which measures the price difference between Ethereum on Coinbase and Ethereum on Binance — reached approximately 0.055 over the past two days, its highest reading since October 2025. When Coinbase trades above Binance, it means US institutional investors are bidding more aggressively for ETH than the global market. At 0.055, they were bidding at a six-month extreme. The index has since retreated to approximately 0.006. The premium has narrowed. The institutional urgency that briefly drove it has eased. That two-day arc — surge then retreat — is the development that demands interpretation. Institutional demand arrived at Ethereum in force, reached a six-month high, and then moderated. Whether that sequence describes demand satisfied and pausing, or demand tested and withdrawing, is the question the current price level cannot answer on its own. The Institutions Arrived. Then They Stepped Back. Both Facts Matter Equally The Arab Chain report gives the two-day sequence its structural interpretation. The index reaching 0.055 was not a routine fluctuation — it reflected a significant and measurable influx of institutional liquidity entering the Ethereum market, specifically through Coinbase. During that period, ETH was trading at a genuinely higher price on Coinbase than on Binance, meaning US institutional investors were willing to pay more for Ethereum than the global market was pricing it. That premium does not exist by accident. It exists because demand was outpacing supply on the institutional venue — buyers arriving faster than sellers could match them. The retreat to 0.006 is where the interpretation becomes more nuanced. The premium narrowing does not mean the institutional demand has reversed. It means the urgency has reduced. The gap between Coinbase and Binance has compressed because the pace of institutional buying has slowed — not because institutions have become sellers. That distinction is the most important analytical point the data supports. A surge followed by a moderation is structurally different from a surge followed by a reversal. The former describes demand that arrived, was partially satisfied, and paused. The latter describes demand that tested the level and retreated. The current reading of 0.006 sits close enough to neutral that it cannot yet confirm which story is being told. The next movement in the index — whether it rebuilds toward the 0.055 range or continues compressing toward zero — will be the answer the current data cannot yet provide. Related Reading: A Historic Ethereum Signal Just Fired – Discover What Happens Next Ethereum Approaches Resistance as Momentum Builds Ethereum is trading near $2,350–$2,400, extending its recovery from the February capitulation and testing a key resistance zone. The chart shows a constructive shift in short-term structure, with price forming higher lows and steadily pushing upward. This suggests that buyers are gradually regaining control after the sharp sell-off. However, the broader trend remains mixed. ETH is still trading below the 100-day (green) and 200-day (red) moving averages, both sloping downward and acting as dynamic resistance. The 50-day moving average (blue) has turned upward and is now supporting price from below, indicating improving momentum in the short term. Related Reading: Ethereum Mirrors A 2023 Setup As Buyers Take Control Of Derivatives On Binance Volume behavior adds nuance. The spike during the February decline reflects forced liquidations, while the recovery has been accompanied by moderate volume, suggesting controlled buying rather than aggressive accumulation. This type of price action is typically associated with early-stage recoveries rather than confirmed uptrends. The $2,400 level is critical. A sustained break above this zone would signal a shift in structure and open the path toward the $2,600–$2,800 region. Failure to break higher could result in another rejection and a return to the $2,100 support area. Featured image from ChatGPT, chart from TradingView.com
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Ethereum has been consolidating for weeks. Selling pressure is present. Uncertainty is higher. An Arab Chain analysis has identified a condition in the on-chain data that describes exactly what this market is doing — and why it cannot stay here indefinitely. Related Reading: Ethereum Mirrors A 2023 Setup As Buyers Take Control Of Derivatives On Binance The report tracks Ethereum’s Net Unrealized Profit and Loss on Binance — a measure of whether holders are, on average, sitting on gains or losses relative to their entry prices. The indicator currently sits at -0.053, holding near the neutral zone while Ethereum trades around $2,100. That reading describes a market in equilibrium: investors on Binance are neither panicking out of losing positions nor taking profits from winning ones. They are holding — and waiting. The behavioral picture that emerges from the data is specific. Volatility has declined. Panic selling is absent. Excessive optimism is equally absent. Short-term trading activity has reduced to the point where the market is generating neither the downward pressure of fear nor the upward pressure of greed. What remains is a market suspended between two states, maintained in place by the absence of a catalyst strong enough to break it in either direction. At -0.053, the indicator is not perfectly neutral. It is slightly underwater — a detail small enough to overlook and significant enough to matter when the next directional move begins. Stability Is Not the Same as Safety. It Is a Countdown The Arab Chain analysis draws the distinction that makes the current NUPL reading more significant than its proximity to zero suggests. The indicator’s persistence in slightly negative territory — holding at -0.053 without sharp movements in either direction — reflects a specific investor behavior: waiting. Not accumulating aggressively. Not distributing systematically. Waiting for a catalyst that has not yet arrived to clarify the direction that the data cannot currently confirm. That behavioral state has a historical profile. Periods where the NUPL holds near neutral without sharp deviations are typically associated with lower near-term risk — the absence of panic selling means forced exits are not driving price, and the absence of excessive optimism means unsustainable speculation is not inflating it. The market moves within narrow ranges because neither the fear that accelerates downside nor the greed that accelerates upside is present in sufficient force to break the equilibrium. The report identifies this condition as temporary by definition. Consolidation phases do not persist indefinitely — they persist until a catalyst resolves them. Ethereum stabilizing around $2,100 with NUPL hovering near neutral, and no sharp movements in the indicator reflect a market that has found a temporary balance between supply and demand. The word that matters in that sentence is temporary. The balance is real. Its duration is not guaranteed. When the catalyst arrives — macro clarity, a demand surge, a shift in sentiment — the indicator will move, and the narrow range that has contained Ethereum’s price will expand in the direction the move takes it. Related Reading: Capital Is Rotating From Bitcoin To Ethereum – On-Chain Data Shows It Is Not Over Ethereum Consolidates Below Resistance as Momentum Stalls Ethereum is trading near $2,150–$2,200, holding a tight range after recovering from the February capitulation. The chart shows a clear shift from aggressive selling to controlled consolidation, with price forming higher lows since the bottom near $1,800. This suggests stabilization, but not yet a confirmed reversal. Technically, ETH remains below all major moving averages. The 50-day (blue) is flattening and beginning to act as short-term support, while the 100-day (green) and 200-day (red) continue to trend downward above price, reinforcing overhead resistance. Recent attempts to break higher have stalled below the $2,300–$2,400 zone, indicating persistent supply. Related Reading: XRP Supply Is Thinning, and Leverage Is Absent. Learn What Happens When One Of Those Changes Volume dynamics support this interpretation. The spike during the sell-off reflects forced liquidations, while the subsequent decline in volume points to reduced participation. The current recovery lacks the expansion in volume typically associated with strong trend reversals. Structurally, Ethereum is compressing beneath resistance. The range between $2,000 and $2,300 is tightening, with neither buyers nor sellers showing dominance. A break above $2,400 would signal a shift in momentum and open a move toward the 100-day average. Conversely, losing $2,000 would invalidate the recovery structure. Featured image from ChatGPT, chart from TradingView.com
Ethereum has been consolidating below $2,200 for weeks. The selling pressure is real. The uncertainty is higher. And the participants who hold enough ETH to move markets just crossed back into profit, which, in the history of this asset, has never happened quietly. Related Reading: Ethereum Mirrors A 2023 Setup As Buyers Take Control Of Derivatives On Binance A CryptoQuant analyst tracking the behavior of Ethereum’s largest holders has identified a transition that demands attention precisely because of how rarely it occurs. The cohort holding more than 100,000 ETH — wallets large enough that their decisions do not just reflect the market, they influence it — briefly entered an unrealized loss state as Ethereum’s price declined. They have now returned to profitability. That sequence matters for a specific structural reason. When whale-sized holders are underwater, they face a choice between absorbing the loss and selling to prevent it from deepening. The market lives under that overhead. Every session at the wrong price level is a session where the largest holders have an incentive to exit. When that cohort returns to profit, the incentive structure inverts — they are no longer potential sellers defending a loss, they are holders with gains and no urgency to move. Every Time. Without Exception. Until Now, Nobody Was Watching The analyst’s historical reading is the element that transforms the current whale profitability transition from a data point into a signal. In the entire recorded history of Ethereum, every single instance where this cohort — holders of more than 100,000 ETH — crossed from an unrealized loss state back to a profitable state marked the beginning of a rally. Not in most instances. Not the majority. Everyone. That is not a tendency. It is a pattern with a perfect track record across every market cycle Ethereum has experienced. The corrections, the bear markets, the prolonged consolidations — each one produced at least one moment where the largest holders briefly went underwater before recovering. And each one of those moments, without exception, preceded upward movement. The analyst’s conclusion is stated without embellishment: that historic signal has appeared again. What that means for the current consolidation below $2,200 is not a guarantee — no signal in financial markets carries certainty, and the macro environment remains genuinely uncertain. What it means is that the on-chain condition that has historically marked the beginning of Ethereum rallies is now present, for the first time since the current correction began. The pattern has never been wrong. The question is whether this cycle is the first time it fails — or the latest time it does not. Related Reading: Capital Is Rotating From Bitcoin To Ethereum – On-Chain Data Shows It Is Not Over Ethereum Holds Critical Weekly Support as Structure Tightens Ethereum is consolidating near the $2,150–$2,200 region on the weekly timeframe, a level that is increasingly acting as a structural pivot. After the rejection from the $4,000–$4,500 range in late 2025, ETH entered a corrective phase that found support just above the 200-week moving average (red), preserving the long-term trend despite the volatility. The current structure reflects compression rather than continuation. Price is trading between the 100-week (green) and 200-week moving averages, while the 50-week (blue) has flattened and is beginning to turn slightly upward. This convergence of key averages signals a market in equilibrium, where neither buyers nor sellers have clear control. Related Reading: XRP Supply Is Thinning, and Leverage Is Absent. Learn What Happens When One Of Those Changes Importantly, the recent downside wicks into the $1,700–$1,800 zone were met with strong buying, indicating demand remains active at lower levels. However, upside attempts have stalled below the $2,400–$2,600 region, reinforcing that resistance remains intact. Volume patterns align with this interpretation. Spikes during sell-offs suggest liquidation-driven moves, while the current normalization indicates reduced stress but limited conviction. Structurally, Ethereum is coiling within a broad range. A break above $2,500 would confirm strength, while a loss of $2,000 would expose deeper support. For now, the market remains balanced, awaiting resolution. Featured image from ChatGPT, chart from TradingView.com
Ethereum may be closer to a major turning point than it appears, as key technical signals begin to align. Despite recent weakness, the emergence of a death cross, often seen near the end of downtrends, suggests the market could be approaching its final phase of capitulation. With historical patterns pointing to a nearing bottom, attention is shifting from fear to opportunity. Worst-Case Scenario: Final Phase Of The Bottoming Process In outlining a worst-case scenario for Ethereum, crypto analyst Sykodelic explained that if the market has not yet fully bottomed, it is likely in the final 2%–3% of the overall bottoming process. Such a narrow margin suggests that while some downside risk may remain, the majority of the correction has already played out, placing price action near a potential exhaustion point. Related Reading: Analyst Shares ‘Realistic’ Ethereum Price Targets For The Next 3 Years Historical behavior tied to the Death Cross on the 3-day chart further supports this perspective. In past cycles, Ethereum has either bottomed right at the moment of the death cross or very shortly afterward. Only one instance deviated slightly, with the market taking additional time before forming a final low. A death cross occurs when the 50-day moving average crosses below the 200-day moving average, indicating a market that is deeply compressed and overextended. While often interpreted as a bearish signal, in many cases, it marks the late stages of a downtrend, where selling pressure begins to fade, and long-term buyers gradually step in. If Ethereum follows this historical pattern under a worst-case scenario, the final bottom could emerge roughly 54 days after the death cross, placing the projected timing around April 28. Expecting a significantly longer bottoming phase would be inconsistent with past cycles and may be unlikely, especially considering that the current market expansion has been relatively weak. With downside likely limited and the bottoming phase nearing completion, the focus increasingly shifts toward strategic accumulation rather than panic selling. ETH Struggles Below Key $2,300 Resistance Zone According to Chad, Ethereum is still not ready to break above the upper daily Bollinger Band and the key horizontal resistance zone around $2,300. Price continues to struggle in this region, showing repeated signs of rejection, which suggests that bullish momentum remains insufficient for a sustained breakout. Related Reading: Ethereum Mirrors A 2023 Setup As Buyers Take Control Of Derivatives On Binance So far, market structure is unfolding as expected, with key levels being respected on both sides. The inability to reclaim the $2,300 zone reinforces the idea that ETH is still in a consolidation phase. Attention now shifts to the downside, where a crucial confluence area sits around $2,150. This level combines a strong horizontal support zone with the 20-day SMA, making it a key level to watch. A breakdown below this region could open the door for further downside, while a successful hold may signal stability and set the stage for another attempt at higher levels. Featured image from iStock, chart from Tradingview.com
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Ethereum’s growing base of active users may be one reason investors are putting more money into it — and less into Bitcoin. Related Reading: Cardano In Danger Zone? Trader Drops ‘Time Bomb’ Claim Exchange Outflows Point To A Shift In Holding Behavior Data from on-chain research firm XWIN Research shows Ethereum recorded a sustained drop in exchange-held supply throughout March 2026, a sign that more holders are moving their tokens off trading platforms and into long-term storage. Reduced exchange supply typically signals less intention to sell. At the same time, active addresses on the Ethereum network trended higher, pointing to broader usage across its ecosystem. Stablecoins, decentralized finance, and real-world asset tokenization all saw activity gains during the period. ETHUSD trading at $2,236 on the 24-hour chart: TradingView Bitcoin did not show the same kind of network momentum. While it posted a 1.80% price gain in March, its market cap slipped 0.41%. Ethereum, by contrast, climbed 7% and expanded its market cap by almost 3%. That gap drew attention from analysts tracking capital movement across the two largest cryptocurrencies. Why Ethereum Outperformed Bitcoin “ETH currently benefits from simultaneous capital inflow, supply tightening, and ecosystem growth. This positions Ethereum as a structurally stronger asset in the current phase.” – By @xwinfinance pic.twitter.com/khcggqJZk6 — CryptoQuant.com (@cryptoquant_com) April 10, 2026 Ethereum Runs Hotter Than Bitcoin On Volatility Measures The two assets moved largely in the same direction — their price correlation sat at around 0.94 — but how far they moved told a different story. Ethereum’s realized volatility came in at 62% for the month. Bitcoin’s was 49%. According to XWIN Research, that spread positions Ethereum as a higher-beta asset, one that reacts more sharply when liquidity conditions shift. Traders chasing bigger short-term gains appear to have taken notice. The Coinbase Premium Gap, a metric that tracks the price difference between Coinbase and other exchanges, remained negative for Ethereum. Reports indicate, however, that it showed early signs of narrowing — a potential signal that US-based demand is beginning to return. Related Reading: XRP Faces No Immediate Quantum Threat As Only 0.03% Supply Seen At Risk: Analyst Store-Of-Value Narrative Loses Ground To Utility Play Bitcoin has long been positioned as digital gold — a place to park value rather than a network to build on. That story may be losing some of its pull, at least for now. Based on XWIN Research’s analysis, attention appears to be rotating toward assets that respond more directly to shifts in liquidity and market sentiment. Ethereum, with its broader infrastructure role, is currently drawing that attention. The analysis stopped short of predicting how long the trend would last. What it did say is that Ethereum’s on-chain data and ecosystem activity place it in a stronger short-term position than Bitcoin. Whether that holds as broader market conditions change remains to be seen. Featured image from Meta, chart from TradingView
Ethereum is pushing toward $2,200. The macro environment is uncertain. And top analyst Darkfost has identified a signal in the derivatives market that has not appeared in nearly three years — emerging at precisely the moment the price is testing a level that matters. Related Reading: XRP Supply Is Thinning and Leverage Is Absent. Learn What Happens When One Of Those Changes The signal comes from the ETH Taker Buy Sell Ratio on Binance — a measure of whether buyers or sellers are dominating perpetual contract activity on the exchange that processes more than a third of all ETH open interest globally. After an extended period of seller dominance, the ratio has returned above 1.0, with a monthly average of approximately 1.016, and has held there for several consecutive days. The last time this setup was observed was in 2023. That three-year gap is the detail that elevates the current reading from a routine metric improvement to a structural development. Derivatives markets are where conviction is expressed with leverage — where participants put real capital behind directional views with amplified consequences. When buyer dominance returns to that market after nearly three years of absence, it is not a technical footnote. It is a behavioral shift from the participants who feel the market most acutely. Darkfost’s assessment is measured: this is the early stage of a more constructive trend, not its confirmation. The macro environment has not been resolved. But the derivatives market has started moving in a direction it has not moved in three years — and that timing, against the $2,200 test, is not coincidental. 37% of All Ethereum Derivatives Flow Through Binance Darkfost’s first point of context is the one that gives the current reading its full structural weight. Binance accounts for over 37% of total ETH open interest globally — meaning more than a third of all leveraged ETH positioning in the world sits on a single venue. When the derivatives signal on Binance flips from seller-dominant to buyer-dominant, it is not a reading from a peripheral platform. It is a reading from the venue that processes the largest share of the market’s directional conviction. The mechanism the ratio measures is straightforward and worth stating precisely. The Taker Buy Sell Ratio tracks the relationship between market buy and sell volumes on perpetual contracts. Above 1.0, buyers are dominant — more capital is entering through market buy orders than market sell orders. Below 1.0, sellers control the flow. For nearly three years, the ratio held below 1.0 on Binance. It has now moved above it, with a monthly average of 1.016, and has sustained that level for several consecutive days. What makes the current shift specifically constructive — rather than simply positive — is how it is unfolding. There are no excessive spikes. No sudden, violent imbalances of the kind that typically precede liquidation cascades in derivatives markets. The ratio is climbing gradually, methodically, in a way that reflects genuine behavioral change rather than a temporary flush of short positions. Darkfost names this explicitly: gradual shifts in derivatives markets are structurally healthier than sharp ones. A slow return of buyer dominance builds a more durable foundation than a rapid one. The market is not overheating into the signal. It is growing into it — and that distinction, for Ethereum at $2,200, is the difference between a setup and a trap. Related Reading: Ethereum’s $2.1B Leverage Flush Was Not a Breakdown Signal: Here Is What It Actually Was Ethereum Tests Resistance as Recovery Structure Builds Ethereum is extending its recovery attempt, now pushing toward the $2,200–$2,250 region, a level that is beginning to define short-term resistance. The chart shows a clear shift in behavior following the February capitulation: instead of continued downside, ETH has formed a series of higher lows, indicating that buyers are gradually regaining control. This change is meaningful, but still incomplete. Price is interacting closely with the 50-day moving average (blue), which is flattening after a prolonged decline. That suggests momentum is stabilizing. However, ETH remains below the 100-day (green) and 200-day (red) moving averages, both trending downward, which keeps the broader structure bearish. Related Reading: Aave Breakdown Deepens With Supply Flooding Back To Binance. Learn What Triggered The Rush Volume dynamics support the recovery narrative, but cautiously. The spike during the sell-off marked forced liquidations, while the subsequent lower volume during the rebound suggests a controlled, less speculative move higher. The key level to watch is the $2,200–$2,400 range. A clean break and consolidation above this zone would confirm a shift in market structure and open the path toward the 100-day average. Failure to break higher would reinforce this as another lower high within a broader downtrend. For now, Ethereum is transitioning — not trending — with early signs of strength, but no confirmation yet. Featured image from ChatGPT, chart from TradingView.com
Ethereum is holding above key price levels as the market prepares for a decisive move. The chart looks constructive. The March data from XWIN Research Japan explains why the chart may be understating what is actually happening beneath it. Related Reading: XRP Supply Is Thinning and Leverage Is Absent. Learn What Happens When One Of Those Changes The report documents a capital rotation that played out in plain sight last month — and that most participants attributed to momentum rather than structure. While Bitcoin gained 1.83% in March, Ethereum rose 7.12%. That performance gap is not the headline. The market cap divergence is. Bitcoin’s market cap declined 0.43% over the same period while Ethereum’s expanded 2.97% — meaning capital was not just flowing toward ETH, it was flowing away from BTC simultaneously. That is the definition of reallocation, not coincidence. The structural reading goes further. Ethereum’s realized volatility in March reached 62.8% against Bitcoin’s 49.8% — confirming ETH’s role as the higher-beta asset in the relationship. Despite a correlation of approximately 0.94 between the two assets, Ethereum amplifies moves in liquidity and risk appetite disproportionately. When conditions improve, ETH responds harder. When they deteriorate, ETH absorbs more damage. March’s conditions improved. ETH responded accordingly. The question the report raises — and the one the current price level demands — is whether the conditions that produced March’s rotation are strengthening or fading. The Price Is Moving. The Structure Behind It Is Moving Faster The XWIN Research Japan analysis identifies three simultaneous developments that together describe something more durable than a momentum trade. Exchange outflows for Ethereum continue to build — coins leaving trading venues, reducing the immediately available sell-side pool, and reflecting a growing preference for long-term holding over active trading. Supply is thinning not because buyers have arrived in force, but because sellers have stepped back. The on-chain picture adds the demand dimension. The Coinbase Premium Gap remains negative — US institutional demand has not fully returned — but it is improving. That directional shift matters more than the current level: a gap moving toward zero is a market in early recovery, not stagnation. Active Addresses, meanwhile, continue trending higher, confirming that Ethereum’s network is being used more regardless of price direction. Real usage expanding before institutional capital arrives is the textbook early-cycle structure. The distinction the report draws between Ethereum and Bitcoin is structural rather than competitive. Bitcoin functions as a store of value — its thesis is monetary. Ethereum functions as financial infrastructure — stablecoins, DeFi, tokenized assets, settlement layers — its thesis is utility. In a market where real usage is already expanding and institutional demand is approaching rather than present, the infrastructure asset tends to re-rate before the monetary asset fully recovers. ETH is currently receiving capital inflows, tightening supply, and growing its network simultaneously. That combination does not produce a guaranteed outcome. It produces a structurally stronger setup than the price alone currently reflects. Related Reading: Ethereum’s $2.1B Leverage Flush Was Not a Breakdown Signal: Here Is What It Actually Was Ethereum Tests Strength After Post-Capitulation Recovery Ethereum is attempting to build a recovery structure after the sharp February breakdown that reset market positioning. The chart shows a clear capitulation event, followed by a period of stabilization and gradual higher lows. Price is now trading around $2,200, a level that has shifted from resistance into a short-term pivot. This transition is constructive, but not yet decisive. ETH remains below its 100-day (green) and 200-day (red) moving averages, both trending downward, which keeps the broader structure bearish. However, the 50-day moving average (blue) is beginning to flatten and price is interacting closely with it, signaling that short-term momentum is stabilizing. Related Reading: Aave Breakdown Deepens With Supply Flooding Back To Binance. Learn What Triggered The Rush The key development is the change in behavior. The violent sell-off has been replaced by controlled consolidation, with reduced volatility and more consistent buying on dips. Volume spiked during the February decline, indicating forced liquidations, and has since normalized, suggesting that the market is no longer under stress. Structurally, Ethereum is transitioning from distribution to early accumulation. A confirmed shift would require a sustained move above the $2,400–$2,600 range, where the 100-day average sits. Until then, this remains a recovery attempt within a broader downtrend, but with improving underlying conditions. Featured image from ChatGPT, chart from TradingView.com
Crypto analyst Crypto Patel has shared realistic targets that the Ethereum price can reach in the next bull run. The analyst matched potential market caps to those of popular U.S. companies, noting that Ethereum has gone mainstream and could go head-to-head with them. Realistic Targets For The Ethereum Price In The Next Bull Run In an X post, Crypto Patel stated that the ‘ultra bear’ target for the Ethereum price in the next bull run is $5,000, representing a 2.4x gain from current levels and a market cap of $610 billion. He also noted that this sits around Visa’s current valuation, with Ethereum set to match the payments giant. Related Reading: Ethereum Hitting A Bottom Or A Bearish Continuation? The Cycle Theory That Tells A Story Furthermore, he stated that the ‘bear’ target for the Ethereum price is $8,000, which is a 3.8x gain from its current level and a market cap of $965 billion. This puts Ethereum up there with retail giant Walmart, which currently boasts a market cap of $1 trillion. The ‘base’ case for Ethereum is a price target of $12,000, a 5.7x gain from its current level, and a market cap of $1.45 trillion. This matches tech giant Meta’s market cap of $1.6 trillion. Meanwhile, Crypto Patel stated that the ‘Bull’ case for the Ethereum price is a rally to $21,000, a gain of over 10x from its current level, which would give ETH a market cap of $2.54 trillion. This will put Ethereum in the same range as Microsoft, which has a market cap of $2.8 trillion. I am running a few minutes late; my previous meeting is running over. The Ultra Bull Case For ETH The analyst set an ‘ultra bull’ target of $30,000 to $60,000 for Ethereum. This represents a gain of 14x to 29x from current price levels and would give ETH a market cap of up to $7.3 trillion. This could put ETH above Nvidia, the world’s largest company by market cap at $4.5 trillion. Related Reading: Analyst Predicts That Ethereum Price Is Headed For $10,000 Minimum Crypto Patel explained that Ethereum is no longer just “crypto” but is competing with the world’s largest balance sheets, which is why he is confident the second-largest crypto by market cap could reach these targets. Tom Lee, the Chairman of Ethereum treasury company Bitmine, has also predicted that ETH could reach $60,000 and even rally higher to $250,000. Tom Lee predicted that the Ethereum price could reach these targets as the network proves to be the future of finance, driving the tokenization wave. He believes that Wall Street companies will adopt the Ethereum network as real-world assets (RWAs) tokenization gains more traction. At the time of writing, the Ethereum price is trading at around $2,200, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Ethereum is trading above $2,200. The recovery is real. And a CryptoQuant report has identified the structural event that made it possible — one that most participants were reading as a danger signal at the time it occurred. Related Reading: Aave Breakdown Deepens With Supply Flooding Back To Binance. Learn What Triggered The Rush The report traces the current price strength to a single, measurable development in February: Binance’s ETH Open Interest 30-day Change fell to approximately -$2.13 billion in mid-February 2026 — the deepest deleveraging event since October 2025, when the metric reached a comparable -$2.11 billion. At the time, that reading looked like confirmation of further downside. The chart was falling. Leverage was being violently removed. The market appeared to be breaking. The distinction matters because of what followed in October 2025. When Binance recorded a comparable leverage flush at -$2.11 billion, Ethereum did not extend its decline — it stabilized and recovered. The deleveraging event that looked like a continuation signal was actually a cleanup event: speculative excess removed, liquidation pressure reduced, structural foundation strengthened. February 2026 produced the same reading. Ethereum held above $1,800 instead of extending lower. The recovery above $2,200 is what came after. The mechanism behind it is what the report has now confirmed. The Price Held. The Leverage Did Not The report’s core analytical observation rests on a specific divergence between what the open interest data showed and what the price did in response. When Binance’s ETH open interest fell by $2.13 billion, the expected outcome — given the speed and scale of the deleveraging — was a comparable collapse in price. Instead, Ethereum stabilized around $1,800. The price held while the leverage did not. That divergence is the signal. When open interest drops aggressively without a proportional price decline, it typically means one thing: the leverage being removed was speculative excess, not genuine demand. The forced exits cleared the market of positions that would have amplified further downside. The holders who remained were not leveraged longs waiting to be liquidated — they were participants with enough conviction to absorb the selling without flinching. Related Reading: XRP Longs Keep Getting Crushed On Binance – Here Is What That Imbalance Signals The report is precise about the consequences. The leverage reset on Binance most likely reduced the liquidation pressure that had been overhanging the market since the cycle peak. Without that overhead, the path to stabilization became shorter. Without the speculative excess, the recovery that followed had a cleaner structural foundation to build on. Ethereum above $2,200 is not simply a price recovery. It is the output of a market that absorbed its worst deleveraging event in months, held its ground, and rebuilt from a base that the cleanup made structurally more durable than the one that existed before it. Ethereum Price Stabilizes Below Key Moving Averages Ethereum is attempting to stabilize after a sharp breakdown that defined the February leg lower. The chart shows a clear shift in structure: a prolonged downtrend from late 2025 transitioned into a high-volume capitulation event, followed by a compression phase just above the $2,000 level. That level is now acting as short-term support, with buyers repeatedly stepping in to defend it. However, the broader trend remains fragile. ETH is still trading below its 50-day (blue), 100-day (green), and 200-day (red) moving averages, all of which are sloping downward. This alignment reflects sustained bearish control across multiple timeframes. Notably, the recent bounce toward $2,200 has failed to reclaim the 50-day average decisively, suggesting that momentum remains weak. Related Reading: A Key Bitcoin Signal Is Quietly Building While The Price Stays Flat: Here Is What to Watch Next Volume also provides important context. The spike during the February sell-off indicates forced liquidations rather than organic selling, which typically marks exhaustion. Since then, declining volume during consolidation suggests reduced participation, not yet renewed demand. Structurally, ETH is forming a base, but not a reversal. A confirmed shift would require reclaiming the $2,400–$2,600 region, where the 100-day average currently sits. Until then, this remains a recovery attempt within a broader downtrend. Featured image from ChatGPT, chart from TradingView.com
The company holds nearly 4% of ether's (ETH) total supply, but shares have struggled alongside that crypto.
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Ethereum (ETH) slid on Tuesday, trading just above $2,080 as the wider crypto market weakened — a level well shy of a critical threshold identified by expert Ali Martinez as the trigger for a sustained macro bull run. In a breakdown shared on social media platform X, Martinez argued that reclaiming a realized price near $2,500 would mark the moment the average holder returns to profit and signal the end of the market’s “cooling period,” opening the door to a renewed, extended rally. Technical Crossroads For Ethereum Martinez framed the current price action in technical terms, suggesting Ethereum could be forming an ascending triangle. In that scenario, he places a “line in the sand” at roughly $1,800, and notes that this figure overlaps closely with the 0.80 MVRV pricing band at about $1,880. MVRV, or Market Value to Realized Value, compares an asset’s market price with the average price paid for the asset by holders; Martinez describes the 0.80 band as an “Average Receipt” indicator that has historically marked cycle bottoms. When the band is reached, he said, Ethereum and the broader cryptocurrency market is often in a state of “extreme pain,” a phase in which selling tends to exhaust itself and long-term holders step in. Related Reading: Bitcoin Rainbow Chart Says Price Is Ranging Above $60,000 For A Reason, Here’s Why Beyond the ascending triangle scenario, Martinez acknowledged a more bearish alternative. If Ethereum’s price is actually confined within a parallel channel rather than an ascending triangle, he warned that a deeper reset is possible. In that case, he is watching the channel’s outer limits at approximately $1,550 and $1,070. To support these observations, he pointed to the URPD — the UTXO Realized Price Distribution, a tool that maps the prices at which existing ETH last moved. Martinez calls this distribution “the market’s memory,” because it identifies levels where large clusters of coins were acquired and where defending buy pressure is likely to appear. $4,900 Near‑Term And $5,900 Longer‑Term According to Martinez’s URPD read, the most significant buy walls below the 0.80 MVRV band are at roughly $1,584, $1,238, and $1,089. These price clusters, if tested, could generate meaningful support as holders who bought at those levels attempt to defend their positions. Martinez believes accumulation is likely to occur in the “low‑thousands”; however, he asserted that the “start engine” for the next major upward leg is Ethereum reclaiming its realized price at $2,500. If Ethereum can break and sustain above $2,500, Martinez says the technical and on‑chain signals would point toward a “target‑rich environment.” Related Reading: Underdog Bitcoin Miner Bags $210,000 BTC In Stunning Block Discovery His analysis places a near-term upside toward $4,900— a level he ties to the structure of the ascending triangle — and ultimately toward the 2.40 MVRV band, near $5,900, which would represent a new all-time high for the Ethereum price. Reaching those zones, in the expert’s view, would confirm that average holders are back in profit and that the market has shifted decisively from accumulation to a broader speculative phase. Featured image from OpenArt, chart from TradingView.com
Ethereum could be approaching a defining turning point, a rare opportunity to rebuild from the ground up rather than continue evolving piece by piece. With the proposed Quantum upgrade gaining attention, developers and researchers are exploring changes that go beyond routine improvements, potentially rethinking security, scalability, and long-term resilience. Rather than layering fixes onto an already complex system, this moment opens the door to a clean-slate redesign. How Quantum Resistance Could Future-Proof Ethereum An Ethereum researcher, Justin Drake, who co-authored Google’s recent quantum paper, is reframing one of the most talked-about technology threats, quantum computing, into what could become ETH’s greatest opportunity. Related Reading: Ethereum Unveils Post-Quantum Security Roadmap For Institutions According to the Etherealize post on X, Justin Drake mentioned that, rather than viewing post-quantum as a hurdle to overcome, he sees it as an opportunity for ETH to stand out as the first global financial system that is post-quantum secure, not just in comparison to other blockchains, but relative to fiat and TradFi. Drake believes that the post-quantum upgrade is a chance for ETH to become the best version of itself. This move to post-quantum is essentially a rewrite, because it’s a massive opportunity to start with a clean slate and wipe our technical debt. The rewrite bundles post-quantum security with a new Zero-knowledge (ZK) virtual machine, LeanVM, designed to snarkify the entire consensus layer in real time. The result is that the Ethereum base layer 1 could scale to around 10,000 transactions per second (TPS) operating at 1 gigagases per second, while simultaneously becoming quantum-secure. In the future, the fragmented blockchain landscape will consolidate dramatically, and the industry won’t need dozens of competing chains anymore. The Ethereum Daily has noted that nearly all meaningful activity and innovation will concentrate on a small number of elite blockchains. Meanwhile, those that consistently attract the most talented developers, deliver a seamless user experience, offer battle-tested security, and maintain true neutrality. Ethereum Daily argues that these are the platforms that traditional institutions can trust and build upon without worrying about favoritism, hidden agendas, or sudden rule changes. Among these contenders, ETH is clearly leading this charge and is positioned to be the dominant settlement layer of this new era. Ethereum Daily emphasized that this evolution points toward a future with multi-chain chaos, but toward ETH-first dominance. Why This Supply Shock Could Be A Turning Point For Ethereum The Ethereum market may be entering a powerful new phase driven by tightening supply dynamics. Altcoin Buzz reported that over 32% of ETH in existence is currently locked up and completely removed from the market. Related Reading: Ethereum Faces Selling Pressure On Charts While Supply Remains Locked However, there is a reduction in the circulating ETH supply for retail buyers, and this fundamental shift explosion would be absolutely historic. Featured image from Pxfuel, chart from Tradingview.com
Over time, the Ethereum price has been trending sideways with no definitive move in either direction. This trend has led to the formation of an ascending channel that could change the course of things for the second-largest cryptocurrency by market cap. If this trend continues to play out, then it is possible that the Ethereum price is about to see new all-time highs. Why Ethereum Price Could Be Headed Above $5,000 Crypto analyst Jonathan Carter shared an analysis on the X (formerly Twitter) website that takes a look at the Ethereum price and what the current trend could mean for the altcoin. Carter pointed out the current ascending channel pattern, but also what this could imply for the Ethereum price going forward. Related Reading: Ethereum Eyes Macro Bottom As Key Level Comes Into Focus: Analyst According to the crypto analyst, the Ethereum price is currently trading closer to the lower border of the ascending channel pattern. This is drawn from the weekly chart, and since the altcoin’s price is yet to break below this channel, then it is still very bullish. For now, the Ethereum prognosis remains that the price will begin to surge, provided a couple of things remain. First of these is the fact that the channel structure is still intact. This suggests that the bulls are likely to push the price upward. Next is the fact that the support zone around the $1,900 level is still holding. As long as this support holds, then the bears are unable to keep pulling the price down. But a failure to secure this level would lead to an Ethereum price crash. Last of these is that bullish momentum is still building around Ethereum. During times of sideways movement such as this, it is often when whales are accumulating, and as a result, the bullish momentum surrounding the asset is beginning to rise. With all the catalysts staying intact, the crypto analyst predicts that there are five (5) recovery targets for the Ethereum price in total. The fist of the targets is $2,350, which is around a 15% jump from the current level. Once this is surpassed, then the bulls move on to the second target at $2,800. Related Reading: Bitcoin Sentiment Hits 5-Week Fear Level – Is A Reversal Coming? The next recovery target then moves up to $3,550, eventually breaking the resistance at $3,000. This gives way to the $4,700 target. Hitting this target will set the stage for the Ethereum price to actually retest its current all-time high of $4,900, and then play into the final target. This final target is placed at $5,700, which would set a new peak for the Ethereum price. However, all of these are still dependent on the ascending channel pattern staying in place and the price not breaking below the established support. Featured image from Dall.E, chart from TradingView.com
Ethereum is trying to hold above $2,150. The market is waking up. And in the last hour, someone withdrew $82 million in ETH from an institutional prime brokerage — and the identity of that someone is the question the on-chain data is already trying to answer. Related Reading: XRP Has Never Been This Quiet On Binance. Discover If The Silence Is A Warning or a Setup Arkham Intelligence has tracked a transaction that stands out against the current market backdrop: a fresh wallet withdrew approximately $82 million in ETH from FalconX within the past hour. FalconX is not a retail exchange. It is an institutional prime brokerage serving hedge funds, corporate treasuries, and sophisticated market participants, which immediately narrows the probable actor and elevates the significance of the withdrawal. The mechanics of the move matter as much as the size. A withdrawal from FalconX means ETH leaving an institutional custody and settlement venue — not being sold, not being traded, but being moved into a wallet that its owner controls directly. That is accumulation behavior. That is the action of a participant who has decided the current price is where they want to hold, not where they want to exit. At $2,150, Ethereum is defending a level the market has treated as contested. Someone just committed $82 million to the view that it is worth defending. The Wallet Is Anonymous. The Behavior Is Not Arkham’s data goes beyond identifying the transaction. It identifies the signature behind it. The purchase pattern of the fresh wallet — the withdrawal route through FalconX, the transaction sizing, the timing and structure of the move — matches the known acquisition patterns of Bitmine, the digital asset treasury company led by Tom Lee, one of the most publicly recognized institutional voices in the crypto market. That match is not a confirmation. It is the strongest available signal short of one. On-chain forensics does not produce certainty when a wallet is fresh and unattributed — but it does produce pattern recognition, and the pattern here is specific enough to be meaningful rather than coincidental. What Bitmine has been doing in recent months makes the potential attribution significant beyond the $82 million figure itself. The company has been building one of the most aggressive institutional ETH staking and accumulation strategies visible on-chain — repeatedly acquiring ETH through institutional channels, moving it into custody, and locking it in staking contracts rather than returning it to liquid markets. Its total staked ETH position has reached into the billions, representing a sustained, compounding removal of supply from the market at a pace that few institutional actors have matched. If this withdrawal follows that pattern, $82 million more in ETH just left the liquid market permanently — not temporarily held, but committed. The Ethereum Foundation stopped selling and started staking. Bitmine, if the pattern holds, never stopped accumulating. Related Reading: Real Money Is Buying XRP. Leveraged Traders Are Still Shorting It. Discover What Usually Happens Next Ethereum Reclaims $2,100 but Remains Capped by Overhead Resistance Ethereum is attempting to stabilize above $2,150, but the daily structure still reflects a market in recovery mode rather than trend reversal. The February breakdown was decisive, with price losing the $2,600–$2,800 region on heavy volume and accelerating into a capitulation move below $2,000. That event reset positioning and established the current range. Since then, ETH has formed a base between roughly $1,900 and $2,300, with multiple failed attempts to push higher. The recent move back above $2,100 is constructive, but it remains incomplete. Price is still trading below the 50, 100, and 200-day moving averages, all of which are trending downward and acting as layered resistance above. Related Reading: XRP Whales Move $592 Million From Exchanges In Two Days. Discover What Triggered It What stands out is the character of the recovery. The bounce from the lows was sharp, but follow-through has been limited, with price repeatedly stalling near the 50-day average. Volume has also declined compared to the sell-off phase, suggesting that buyers are not yet stepping in with the same conviction that sellers displayed during the breakdown. The key level to monitor is $2,300. A clean reclaim would open the path toward $2,600. Failure to hold $2,100 risks another test of the $1,900 range, where structural support becomes critical again. Featured image from ChatGPT, chart from TradingView.com
Ethereum has reclaimed $2,100. The level is back. The market that produced the recovery is thinner than it has been all year — and that changes what the recovery means. Related Reading: XRP Has Never Been This Quiet On Binance. Discover If The Silence Is A Warning or a Setup A CryptoQuant report tracking Ethereum’s liquidity structure on Binance has identified a condition that sits directly beneath the price action: the liquidity ratio has dropped to approximately 5.01 — its lowest reading since the start of 2026. Simultaneously, the 30-day cumulative turnover has fallen to approximately 16.65 million ETH, well below the 20 to 25 million ETH monthly inflow levels that characterized Ethereum’s most active trading periods in 2025. The implication is structural and immediate. Ethereum reclaiming $2,100 in a market with deep liquidity and high participation is one thing. Reclaiming it in a market where trading activity has pulled back to year-to-date lows is another. The same price level, built on a fraction of the volume, carries a different weight — lighter, more reactive, more vulnerable to a reversal from a single large order in either direction. The number is constructive. The infrastructure behind it demands scrutiny. Both things are true simultaneously, and that tension is the most important thing to understand about where Ethereum stands right now. The Supply Is There. The Activity Is Not. That Distinction Matters More Than It Appears The report’s most clarifying data point is the one that separates two possible interpretations of the liquidity decline. Ethereum exchange reserves on Binance currently stand at approximately 3.32 million ETH — a level that has remained relatively stable compared to previous months. That stability is the diagnostic. If the liquidity decline were driven by coins leaving the platform, reserves would be falling. They are not. What is falling is the activity surrounding those reserves — the inflows, the outflows, the trading volume that normally circulates around available supply. In plain terms: the ETH is still on Binance. The traders who would normally be moving it have stepped back. That distinction changes the interpretation entirely. This is not a supply compression story. It is a participation story — a market that has retained its inventory but lost the activity that gives that inventory directional meaning. Momentum has weakened not because Ethereum is being accumulated or distributed at scale, but because the participants who generate price-moving volume have temporarily withdrawn. Related Reading: Real Money Is Buying XRP. Leveraged Traders Are Still Shorting It. Discover What Usually Happens Next The report’s forward observation is the one that demands the most attention. Periods of low liquidity — where reserves are stable but activity is suppressed — have historically preceded strong price movements in either direction. The market is not broken. It is coiled. When activity returns to 3.32 million ETH sitting in relative quiet, the price response will be amplified by the same thin conditions that currently make the $2,100 recovery feel fragile. The direction of that amplification is what the coming sessions will determine. Ethereum Holds Critical Long-Term Support as Momentum Remains Fragile Ethereum’s weekly structure shows a market attempting stabilization after a clear loss of momentum. Price is currently trading near $2,150, hovering just above the 200-week moving average — a level that continues to act as the dividing line between long-term bullish structure and deeper downside risk. The rejection from the $4,000–$4,500 region marked a decisive lower high, breaking the prior sequence of expansion. Since then, ETH has lost both the 50-week and 100-week moving averages, which are now flattening and beginning to slope downward. That shift signals a transition from trend continuation to range or distribution. Related Reading: XRP Whales Move $592 Million From Exchanges In Two Days. Discover What Triggered It What stands out is the nature of the recent recovery. The bounce from sub-$2,000 levels was sharp, but it lacked sustained follow-through. Price has reclaimed $2,100, yet it remains below the 100-week average and is struggling to challenge the 50-week moving average as resistance. Volume does not confirm aggressive accumulation at current levels. Instead, activity appears reactive — spikes during sell-offs, followed by quieter rebounds. That asymmetry suggests sellers still dominate directional conviction. If Ethereum loses the 200-week average on a weekly close, the structure weakens materially, opening the path toward lower support zones. Conversely, reclaiming $2,600–$2,800 would be required to re-establish a more constructive trend. Featured image from ChatGPT, chart from TradingView.com
A key sticking point is Aave’s V4 upgrade, which introduces a new architecture and significantly expands the scope of risk management.