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 price extended gains above $2,250 before it started a downside correction. ETH is now consolidating above $2,120 and might aim for a fresh increase. Ethereum started a decent upward move above the $2,220 zone. The price is trading above $2,180 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $2,225 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,140 zone. Ethereum Price Holds Uptrend Support Ethereum price remained stable above $2,165 and started a decent upward move, like Bitcoin. ETH price climbed above the $2,180 and $2,220 resistance levels. The bulls pumped the price above $2,250. A high was formed at $2,273 before the price started a downside correction. The price dipped below $2,220. There was a spike below the 50% Fib retracement level of the upward move from the $2,060 swing low to the $2,273 high. Ethereum price is now trading above $2,180 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,140, the price could attempt another increase. Immediate resistance is seen near the $2,200 level. The first key resistance is near the $2,225 level. There is also a declining channel forming with resistance at $2,225 on the hourly chart of ETH/USD. The next major resistance is near the $2,265 level. A clear move above the $2,265 resistance might send the price toward the $2,320 resistance. An upside break above the $2,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,400 resistance zone or even $2,450 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,225 resistance, it could start a fresh decline. Initial support on the downside is near the $2,165 level. The first major support sits near the $2,140 zone or the 61.8% Fib retracement level of the upward move from the $2,060 swing low to the $2,273 high. A clear move below the $2,140 support might push the price toward the $2,110 support. Any more losses might send the price toward the $2,060 region. The main support could be $2,020. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,140 Major Resistance Level – $2,225
Bitcoin price started a strong increase above the $71,500 zone. BTC is consolidating gains and might aim for more gains above the $73,250 zone. Bitcoin gained pace for a move above the $71,500 and $72,000 levels. The price is trading above $71,500 and the 100 hourly simple moving average. There was a break above a bullish flag pattern with resistance at $71,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $71,500 and $71,250 levels. Bitcoin Price Aims for More Gains Bitcoin price managed to climb higher above the $70,500 resistance zone. BTC gained pace for a move above the $71,500 and $72,000 levels. The pair even rallied above the $72,500 level. Besides, there was a break above a bullish flag pattern with resistance at $71,250 on the hourly chart of the BTC/USD pair. A high was formed at $73,130, and the price started a downside correction. There was a move below the 50% Fib retracement level of the upward move from the $70,536 swing low to the $73,130 high. However, the bulls were active above $71,500. Bitcoin is now trading above $72,000 and the 100 hourly simple moving average. If the price remains stable above $71,500, it could attempt a fresh increase. Immediate resistance is near the $72,500 level. The first key resistance is near the $73,250 level. A close above the $73,250 resistance might send the price further higher. In the stated case, the price could rise and test the $74,000 resistance. Any more gains might send the price toward the $74,500 level. The next barrier for the bulls could be $75,000. Downside Correction In BTC? If Bitcoin fails to rise above the $73,250 resistance zone, it could start another decline. Immediate support is near the $71,500 level or the 61.8% Fib retracement level of the upward move from the $70,536 swing low to the $73,130 high. The first major support is near the $71,250 level. The next support is now near the $70,500 zone. Any more losses might send the price toward the $70,000 support in the near term. The main support now sits at $69,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $71,500, followed by $71,250. Major Resistance Levels – $72,500 and $73,250.
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
Open interest in BTC and ETH perpetual futures rose by over $2 billion each in 24 hours after the U.S.-Iran ceasefire announcement.
Crypto markets are showing early signs that the worst may be over, following a prolonged decline that began with the industry’s sharp sell-off back in October of last year. In a new report shared on social media, technical analyst Ali Martinez says the market is now starting to form what he calls a structural floor. Next Cycle Setup For Crypto Leaders Martinez’s view is rooted in the idea that seven months of heavy volatility may also be creating a rare opportunity. For those focused on the longer-term picture, he argues, the current turbulence can act as a reset period before the next multi-year cycle. Rather than treating the current sell-off as purely negative, Martinez suggests it may be setting up the conditions for a new upward phase once the market stops bleeding. Related Reading: Adam Back Denies Being Bitcoin Creator In Response To NYT: ‘I Am Not Satoshi’ When looking at the “big picture” for broader crypto market structure, Martinez points to a metric he says helps define the floor: the CVDD Channel, which stands for Cumulative Value Days Destroyed. According to his analysis, Bitcoin’s “Golden Zone” is currently near $49,330. He claims that historically, entries into this area have tended to show up before bull market runs, and he outlines upside targets for what could follow—potentially reaching $178,478, and in an even more extended scenario, $273,158. The analyst then turns to Ethereum (ETH). Martinez says he is watching whether ETH is moving within a parallel channel pattern, and if that interpretation holds, he believes the zone between current levels and $1,070 could offer a high-conviction entry point. From there, he highlights an ecosystem-wide rally scenario with a macro target around $8,670 as the next major objective, framing it as a move that would emerge as the broader crypto ecosystem matures. Outlook For XRP, SOL, And DOGE For XRP, Martinez focuses on a specific support level as the key to determining whether the crypto market can stabilize. He says that if XRP can hold support near $0.80, it could create a strong “buy the dip” setup, potentially giving traders a chance before a later retest of XRP’s all-time high near $3.30 and beyond. Solana (SOL) is next, and Martinez suggests SOL may need a broader “generational” reset to complete the bottoming process. He argues that the possible low area ranges from $74 to $50, describing that band as a total reset of speculative “froth.” Martinez characterizes that kind of clearance as a major launchpad for the next upward move, implying that the more aggressive the washout, the more room there may be for the following leg higher. Related Reading: JPMorgan CEO Says Bank Must Build Its Own Blockchain To Counter Crypto Threats Finally, Martinez discusses Dogecoin (DOGE) using what he calls fractal signals. He says the memecoin’s chart structure indicates a coiling phase that often appears before the next parabolic move. In that context, Martinez points to a zone he believes is where larger, more informed buyers could begin accumulating. His range for that buildup is between $0.090 and $0.060, which he describes as the area where accumulation could start to intensify ahead of a potential upside surge. Featured image from OpenArt, chart from TradingView.com
The Ethereum Foundation has sold 3,750 ETH for stablecoins to fund its development work. To keep the market stable, the ETH was sold in small batches of 416.67 using CoW Protocol’s TWAP system. So far, nine trades have been completed at an average price of $2,214 per ETH, leaving 1,250 ETH, valued at $2.7 million, …
Ethereum has decisively reclaimed the $2,200 level, marking a clear shift in structure, and that’s exactly why $2,400 is now back in play. The recent move is not just a relief bounce. It comes after a complete leverage reset near $1,800, followed by steady accumulation and now a push into higher levels. With buyers stepping …
While Ethereum (ETH) retests a key level for the first time this month, some market watchers have advised caution, warning that the start of a new bull run may not be here yet. Related Reading: XRP Leads Crypto Funds $224M Rebound With Largest Weekly Inflows Since December No Ethereum Party Until This happens After jumping nearly 10%, Ethereum is attempting to reclaim a crucial area that has served as a major resistance zone since the early February crash. Over the past two months, the King of Altcoins has been trading sideways, hovering between the $1,800-$2,200 levels. As the altcoin breaks past the $2,150-$2,200 area, some market observers cautioned investors not to celebrate yet, arguing that ETH has failed to hold this level despite multiple retests during this period. Analyst Ted Pillows affirmed that as long as Ethereum holds above the $2,200 level, it could make a move towards last month’s top, around the $2,400 area, but warned investors not to “mistake it for the start of a bull run,” suggesting that new lows will come between Q2 and Q3 2026. Similarly, market watcher Crypto Scient advised investors not to “confuse positioning with guessing,” explaining that the cryptocurrency hasn’t broken out of its macro downtrend, which began last October. According to the chart, Ethereum is currently near the macro trend resistance while still respecting a Lower High (LH) structure. To him, this is “where most people front-run and get chopped.” Scient argued that even if the bottom is on and ETH’s bull run has begun, “the money won’t be made under this trend. It will be made once the price is above it.” Nonetheless, the price needs to break above the trend, flip it into support, and show acceptance above it before investors can call a true reversal. “Until that happens, this is just another retest in a downtrend,” he asserted. Key Levels To Watch Ali Martinez shared “the ultimate accumulation zones” for Ethereum, outlining some potential scenarios for its price. In the first case, the cryptocurrency could be trading in a multi-year ascending triangle, with the $1,800 level being the “line in the sand.” As he explained, this price point serves as the triangle’s hypotenuse and, if it holds, could trigger a rally toward the $4,900 x-axis. This level also aligns “almost perfectly” with the 0.80 MVRV Pricing Band, located around the $1,880 area. The 0.80 band “has been a reliable indicator of cycle bottoms,” as it has historically marked where sellers exhaust themselves, and “Strong Hands” take over, Martinez highlighted. Meanwhile, in the second scenario, Ethereum could be moving within a parallel channel, risking another 30%-50% correction toward the channel lows between $1,150-$1,170. Martinez emphasized that the UTXO Realized Price Distribution (URPD) reveals massive clusters of ETH were bought between $2,079 and $1,882. The URPD also shows that below $1,880, the most significant buy-walls sit at $1,584, $1,238, and $1,089, meaning that if the February lows are lost, the price would visit those levels. Related Reading: Bitcoin Next Big Move In Mid-April? Analyst Explains Why ‘Decision Time’ Could Be Near “While accumulation happens in the $1,000s, the ‘Start Engine’ for the next major rally is the Realized Price at $2,500,” the analyst noted, adding that whenever Ethereum reclaims its Realized Price, it has historically signified that the average holder is back in profit and the “cooling period” has finalized. “A clean break and hold above $2,500 is my primary trigger for the beginning of a new macro bull rally,” Martinez concluded. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum price extended gains above $2,265 before it started a downside correction. ETH is now correcting gains and might find bids near the $2,120 zone. Ethereum started a decent upward move above the $2,250 zone. The price is trading above $2,150 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $2,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,120 zone. Ethereum Price Corrects Some Gains Ethereum price remained stable above $2,150 and started a decent upward move, like Bitcoin. ETH price climbed above the $2,165 and $2,200 resistance levels. The bulls pumped the price above $2,250. A high was formed at $2,274 before the price started a downside correction. The price dipped below $2,200. There was a move below the 38.2% Fib retracement level of the upward move from the $2,059 swing low to the $2,274 high. Ethereum price is now trading above $2,150 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,120, the price could attempt another increase. Immediate resistance is seen near the $2,200 level. The first key resistance is near the $2,220 level. There is also a declining channel forming with resistance at $2,220 on the hourly chart of ETH/USD. The next major resistance is near the $2,250 level. A clear move above the $2,250 resistance might send the price toward the $2,320 resistance. An upside break above the $2,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,400 resistance zone or even $2,450 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,220 resistance, it could start a fresh decline. Initial support on the downside is near the $2,165 level or the 50% Fib retracement level of the upward move from the $2,059 swing low to the $2,274 high. The first major support sits near the $2,120 zone. A clear move below the $2,120 support might push the price toward the $2,080 support. Any more losses might send the price toward the $2,050 region. The main support could be $2,020. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,120 Major Resistance Level – $2,220
Dogecoin’s value could see massive gains if the leading crypto were to reach Bitcoin and Ethereum’s market caps. It is worth noting that DOGE already ranks among the top 10 cryptos by market cap and has reached higher valuations in the past. Dogecoin’s Value If It Matches Bitcoin And Ethereum Market Caps MarketCapOf data shows that Dogecoin’s value could see a 98.50x gain if it were to reach Bitcoin’s market cap of $1.4 trillion. This will also give the foremost meme coin a price tag of $9.32, marking a new all-time high (ATH) for DOGE, with its current ATH at $0.74, reached in 2021. Related Reading: Here’s Why The Dogecoin Price Could See Big Gains Soon Meanwhile, further data from MarketCapOf shows that Dogecoin’s value could see an 18.63x gain if it were to reach Ethereum’s market cap of $270 billion. This will give DOGE a price of $1.76, marking a new ATH for the foremost meme coin. It is worth noting that crypto analysts such as Trader Tardigrade have predicted that the meme coin could rally above the psychological level in the next bull run. However, Dogecoin won’t reach a new all-time high if it were to reach XRP’s market cap of $84 billion, with XRP being the third-largest crypto asset, excluding stablecoins. MarketCapOf data show that DOGE’s price would be $0.55 if it reached an $84 billion market cap. Interestingly, DOGE reached a peak market cap of $80 billion when it rose to its current ATH of $0.74 in the 2021 bull run. However, its total supply has significantly increased since then. As such, a similar market cap of $80 billion means a lower price for Dogecoin since its supply has been largely diluted. Real Rally For DOGE Is About To Begin Crypto analyst CW said in an X post that the real rally for Dogecoin is about to begin. This came as the analyst noted that DOGE is waiting at the starting line and that the golden crosses on the sub-indicators are expected to appear soon. His accompanying chart showed that the Dogecoin price could rally above $1 by year-end, marking a new ATH for the foremost meme coin. Crypto analyst The Composite Trader also stated that a big move is on the horizon for Dogecoin. The analyst noted that price has been compressing for 60 days straight, building higher lows and creating sell-side liquidity, while also building lower highs and creating buy-side liquidity. The foremost meme coin could see a significant rally to the upside, especially with the U.S. and Iran agreeing to reach a 2-week ceasefire. Related Reading: Here Are The Main Levels To Watch After Dogecoin Price Completed A Clean Kumo Rejection At the time of writing, the Dogecoin price is trading at around $0.095, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
So far, the CoWSwap TWAP transactions have been drawn from a wallet associated with the Ethereum Foundation's DeFi activities.
Coinbase stock price teased a bullish spike but then hesitated at the worst possible moment. The recent move up toward $189 looked promising, especially coming off that February support zone around $140–$160. That area isn’t random either as it lines up with a two-year-old demand zone. So naturally, buyers showed up. But let’s not get …
Crypto markets are entering a pivotal phase as macro signals begin to diverge, with Bitcoin flashing breakout. Bitcoin is showing early signs of a technical breakout, pushing above important levels after a period of heavy bearish sentiment. According to Gareth Soloway, the next immediate test sits around the $75,000–$76,000 range. A successful move beyond that …
The Bitcoin price has reclaimed the key $71,000 resistance, while the Ethereum price is pushing toward $2,250, signaling renewed strength across the crypto market. The rally comes as a two-week US–Iran ceasefire sparked a risk-on shift, with crude oil dropping 5–6% and over $130 billion flowing back into crypto, boosting investor confidence. Altcoins have followed, …
The proposal builds on Ethereum's EIP-4844, which introduced blobs for more efficient data availability, and aims to support Layer 1 scaling.
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
The crypto rally is accelerating, with Bitcoin price sprinting toward $72,000 as markets react to a sharp improvement in global sentiment following ceasefire developments. This shift has triggered a risk-on wave across financial markets, with crypto leading the move. Unlike previous rebounds, this rally is showing clear strength and follow-through, not hesitation. But what exactly …
Ethereum price extended gains above $2,250 before it faced sellers. ETH is now correcting gains and might find bids near the $2,165 zone. Ethereum started a decent upward move above the $2,220 zone. The price is trading above $2,200 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance at $2,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,150 resistance. Ethereum Price Aims For More Gains Ethereum price remained stable above $2,120 and started a decent upward move, like Bitcoin. ETH price climbed above the $2,180 and $2,220 resistance levels. The bulls pumped the price above $2,250. Besides, there was a break above a contracting triangle with resistance at $2,150 on the hourly chart of ETH/USD. A high was formed at $2,273 before the price started a downside correction. There was a move toward the 23.6% Fib retracement level of the upward move from the $2,059 swing low to the $2,273 high. Ethereum price is now trading above $2,180 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,165, the price could attempt another increase. Immediate resistance is seen near the $2,250 level. The first key resistance is near the $2,275 level. The next major resistance is near the $2,320 level. A clear move above the $2,320 resistance might send the price toward the $2,350 resistance. An upside break above the $2,350 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,450 resistance zone or even $2,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,250 resistance, it could start a fresh decline. Initial support on the downside is near the $2,220 level. The first major support sits near the $2,165 zone or the 50% Fib retracement level of the upward move from the $2,059 swing low to the $2,273 high. A clear move below the $2,165 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,110 region. The main support could be $2,065. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,165 Major Resistance Level – $2,250
Global crypto investment products bounced from the late-March sentiment downturn, with XRP funds and European investors stealing the spotlight from Bitcoin and US markets. Related Reading: Bitcoin Next Big Move In Mid-April? Analyst Explains Why ‘Decision Time’ Could Be Near XRP Inflows Fuel Crypto Funds Recovery According to the latest CoinShares report, global crypto funds recorded $224 million in inflows last week, a modest recovery from the late-March sentiment downturn, when investors pulled $414 million from the products amid worries about escalating tensions in the Iran conflict and the prospect of higher inflation. James Butterfill, CoinShares Head of Research, explained that despite the improvement in sentiment, momentum reversed at the end of the week due to stronger macro data and hawkish expectations, leading to minor outflows. “Stronger-than-expected retail sales data later in the week, alongside increasingly hawkish investor expectations and mixed geopolitical signals, led to minor outflows in the latter half of the week,” he wrote. In an unusual shift, Switzerland led activity last week, bringing $151.5 million into crypto funds, followed by Germany’s $27.7 million inflows. The US ranked third, recording only $27.5 million in inflows last week, while Canada saw $11.2 million. Moreover, funds based on XRP, the fifth-largest cryptocurrency by market capitalization, saw the largest inflows of any asset. Per CoinShares data, XRP products recorded $119.6 million in inflows, its largest positive net flows since mid-December. This figure brought its Year-to-Date (YTD) inflows to $159 million, around 7% of the category’s Assets under Management (AuM). It’s worth noting that US-listed XRP exchange-traded funds (ETFs) registered their first red month since their November launch, with $31.1 million in outflows. Despite the March setback, US XRP ETFs recorded positive net flows of $42.52 million in the first quarter of 2026, only behind Solana funds. Bitcoin Shows Mixed Signals, Ethereum Lags Global Bitcoin funds followed XRP and saw total inflows worth $107.3 million during the week, “improving on what has been a bad start to the month, [as] net outflows remain at US$145m for the month so far,” CoinShares added. Notably, short Bitcoin investment products recorded $16 million in inflows during this period, their largest performance since mid-November, which signals polarized opinions on the asset. Despite the muted US activity last week, US Bitcoin ETFs started this week with their largest single-day performance in over a month. According to SoSoValue data, the category saw $471.3 million in positive net flows on Monday, its highest inflows since February 25. As reported by NewsBTC, US Bitcoin funds ended the first quarter of 2026 by breaking out of a four-month negative streak, pulling in $1.32 billion in March, its first monthly gain of 2026. Following XRP and Bitcoin, Solana funds also saw inflows, totalling $34.9m last week. As CoinShares noted, the category’s steady inflows this year represent 10% of AuM. Related Reading: Crypto Trust Crisis — The “Kim Jong‑Un Test” Is Exposing Secret North Korean Moles In addition, the US-based Solana products ended March on a positive note, leading altcoin funds with inflows worth $45.44 million and $213.1 million in the monthly and quarterly timeframes, respectively. Nonetheless, Ethereum tells a different story, as funds continue to lag behind other major crypto assets. According to the report, Ethereum products saw $52.8 million in outflows last week, extending its negative streak as investors digest recent negative developments. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum exchange reserves have fallen to a record low, even as the token trades near $2,15 and still struggles to break out. CryptoQuant data shows reserves are down about 77% from their 2021 peak, while CoinGlass data points to a surge in futures activity, with volume topping close to $50 billion in 24 hours. Related Reading: XRP Wallet Count Tops 8 Million As Trading Volume Nears $4 Billion Exchange Balances Keep Sliding The long slide in exchange balances has been building for years. According to CryptoQuant analyst Rich_dady, the decline has accelerated since late 2025, and the gap between price and reserve levels suggests that coins are still leaving exchanges at a fast pace. That kind of movement usually means holders are sending ETH to cold storage, staking it, or parking it away from trading venues. Even with that tighter supply, the market has not shown the kind of buying pressure that would normally push price higher. The report says ETH rose about 4% over the past 24 hours, but the move has not been enough to change the broader picture. Buyers, it says, have not stepped in with much force. Futures Trading Is Running Ahead Of Spot The bigger action has been in derivatives. CoinGlass data cited in the piece shows open interest climbing at the same time futures volume jumped past $49 billion in a single day. The report also points to $1.2 billion in futures inflows over 24 hours, a sign that traders are taking on more leverage while spot flows stay mostly flat. That split matters. When derivatives heat up faster than spot buying, the market often gets choppier instead of trending cleanly in one direction. The report says that setup points to weaker demand than the supply picture might suggest on its own. $2,100 Support Still Holds For Now ETH remains above $2,100 support, but the report says that level has not yet turned into a clean launch pad for a stronger move. The current setup leaves the market waiting on spot demand, which the piece says is still the missing piece. Related Reading: XRP Headed For A Price Shock, Japan’s Financial Heavyweight Says Without more consistent buying from new entrants, lower exchange reserves alone may not be enough to force a breakout. For now, the picture is uneven. Supply on exchanges keeps shrinking, yet price action stays boxed in. Traders are active, leverage is rising, and the spot side remains quiet. That leaves Ethereum in a narrow and uneasy stretch, where the next clear move may depend less on supply and more on whether buyers finally return. Featured image from Meta, chart from TradingView
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
Brokerage Charles Schwab said there is no "correct" allocation to crypto, and the decision depends on each investor.
ETH price is looking sluggish on the surface while the underlying data quietly tells a very different story. On Binance, Ethereum withdrawal transactions just hit their highest level since 2025, clocking in at roughly 115,685 transactions in a single day. Sounds bullish, right? Well… yes and no. Because while the number of transactions exploded, the …
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 price extended gains above $2,150 before it faced sellers. ETH is now correcting gains and might find bids near the $2,080 zone. Ethereum started a decent upward move above the $2,120 zone. The price is trading above $2,100 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $2,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,080 resistance. Ethereum Price Aims Higher Ethereum price remained stable above $2,050 and started a decent upward move, like Bitcoin. ETH price climbed above the $2,080 and $2,120 resistance levels. The bulls pumped the price above $2,150. A high was formed at $2,174 before the price started a downside correction. There was a move below the 38.2% Fib retracement level of the upward move from the $2,021 swing low to the $2,174 high. Besides, there was a break below a rising channel with support at $2,140 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,080 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,080, the price could attempt another increase. Immediate resistance is seen near the $2,120 level. The first key resistance is near the $2,140 level. The next major resistance is near the $2,175 level. A clear move above the $2,175 resistance might send the price toward the $2,220 resistance. An upside break above the $2,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,350 resistance zone or even $2,380 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,140 resistance, it could start a fresh decline. Initial support on the downside is near the $2,080 level or the 61.8% Fib retracement level of the upward move from the $2,021 swing low to the $2,174 high. The first major support sits near the $2,065 zone. A clear move below the $2,065 support might push the price toward the $2,020 support. Any more losses might send the price toward the $1,980 region. The main support could be $1,965. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,065 Major Resistance Level – $2,140
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