The crypto market is consolidating. Bitcoin and Ethereum have traded within the same range for more than 50 days. And in the third week of March, the derivatives market made its first significant statement about what comes next. Related Reading: Unknown Wallet Buys $107 Million In Ethereum – Purchase Pattern Points To Bitmine A CryptoQuant analysis tracking perpetual futures activity has identified a meaningful acceleration in open interest: on March 16, combined Bitcoin and Ethereum OI climbed to approximately $30 billion — the highest reading since late January, and a level that was not reached gradually but in a single week of concentrated positioning. Bitcoin OI reached $23 billion. Ethereum approached $16 billion. Both moved in the same direction, at the same time, during the same price rally. That synchronicity matters. When open interest builds across two major assets simultaneously during a relief rally, it does not reflect organic spot demand — it reflects traders opening leveraged positions in anticipation of a directional move. The capital is not buying Bitcoin and Ethereum. It is betting on them. Fifty days of consolidation have a way of building pressure. The $30 billion in open interest now sitting in perpetual futures is the market’s way of declaring that the range will not last forever — and that when it breaks, the move will be amplified. When Crypto Leverage Moves, It Goes to Binance First. The CryptoQuant report is precise about where the $30 billion in open interest is actually sitting. Binance absorbed the largest share of the inflow by a significant margin: BTC open interest on the exchange rose by $829 million, while ETH open interest climbed by approximately $1.6 billion — a combined $2.4 billion in new leveraged exposure flowing into a single venue during a single week. Bybit and Gate.io recorded meaningful gains as well, but the heatmap data leaves no ambiguity about the hierarchy. That concentration is not coincidental. It is structural. During periods of strong price momentum, capital does not distribute evenly across the derivatives landscape — it gravitates toward the deepest, most liquid venues where large positions can be opened and closed without slippage. Binance is that venue. It has been for every significant derivatives expansion in recent memory, and the March rally was no exception. What the concentration reveals is as important as the size. When $2.4 billion in new open interest flows into a single exchange in one week, the resulting positions are tightly clustered. Clustered positions create clustered liquidation levels. And clustered liquidation levels mean that when the market moves against those positions, it does not move gradually. The leverage is on Binance. The range is still intact. Those two facts belong in the same sentence. Related Reading: $2.3 Billion Ethereum Has Left OKX And Binance This Quarter: The Sell-Side Supply Is Thinning The Entire Market Has Given Back a Year of Gains The total crypto market cap stands at $2.31 trillion, down 0.21% on the week — a marginal move on a candle that opened at $2.32 trillion, reached $2.44 trillion, and has since retreated. That weekly high rejection at $2.44 trillion is the operative fact. The market attempted to reclaim lost ground and was turned back. The macro context is what makes the current level sobering. Total market cap peaked near $4.1 trillion in late 2025 — the highest level in crypto’s history — and has retraced approximately 44% from that peak, erasing the entirety of the 2025 bull run and returning to levels last traded in early 2024. This is not a correction within a bull market. It is a full cycle rollover. Related Reading: The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching The weekly moving average configuration confirms the structural damage. Price has broken decisively below the 50-week MA, which has now turned lower from the $3.5 trillion region. The 100-week MA, the green line ascending through approximately $2.9 trillion, provided no meaningful support — price sliced through it and has not reclaimed it since. The 200-week MA continues its long-term ascent near $2.1 trillion and represents the last major structural support visible on this timeframe. The current level of $2.31 trillion is trading in the gap between the 200-week MA below and the 100-week MA above. That gap is the battleground. Reclaiming $2.9 trillion is the minimum requirement for any credible structural recovery argument. Until then, the chart describes a market in retreat, not consolidation. Featured image from ChatGPT, chart from TradingView.com
Bitcoin dropped below $67,000 and ether under $2,000 as ETF outflows resumed and the dollar strengthened amid macro and geopolitical tension.
An early backer of Ethereum, identified as 0xd64A, sold 11,552 ETH for about $23.42 million at roughly $2,027 per coin in the last hour. This investor originally bought 38,800 ETH during the 2014 ICO for just $12,000, when the price was around $0.31 per token. Today, that original position is worth around $79.5 million, showing …
The crypto market is flashing a clear warning, and this time, it’s not just technicals driving the move. Bitcoin price has slipped to $68,670, Ethereum price has dropped near $2,050, and over $336 million in liquidations have already been triggered as geopolitical tensions escalate. The catalyst? A sharp deterioration in the US–Iran conflict, which is …
A large batch of Bitcoin and Ethereum options is set to expire this Friday, with total value crossing $15.58B billion as per Deribit insights. This marks one of the largest single-day expiries of the year and will take place at 8:00 UTC. The put/call ratios stand at 0.63 for Bitcoin and 0.57 for Ethereum, showing …
The address traces back to Ethereum's initial token sale, where the investor purchased ether at about $0.31 per token, said Lookonchain.
Ethereum price failed to clear the $2,200 zone and declined. ETH is now consolidating above $2,020 and might struggle to start a recovery wave. Ethereum started a fresh decline from the $2,200 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,135 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,120 resistance. Ethereum Price Dips Further Ethereum price failed to stay above $2,150 and started a fresh decline, like Bitcoin. ETH price dipped below $2,120 and $2,080 to enter a bearish zone. The bears even pushed the price toward $2,020. A low was formed at $2,032, and the price is now consolidating losses near the 23.6% Fib retracement level of the downward move from the $2,199 swing high to the $2,032 low. There is also a key bearish trend line forming with resistance at $2,135 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,120 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,020, the price could attempt another increase. Immediate resistance is seen near the $2,100 level. The first key resistance is near the $2,120 level or the 50% Fib retracement level of the downward move from the $2,199 swing high to the $2,032 low. The next major resistance is near the $2,135 level and the trend line. A clear move above the $2,135 resistance might send the price toward the $2,200 resistance. An upside break above the $2,200 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,245 resistance zone or even $2,320 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,135 resistance, it could start a fresh decline. Initial support on the downside is near the $2,050 level. The first major support sits near the $2,020 zone. A clear move below the $2,020 support might push the price toward the $1,980 support. Any more losses might send the price toward the $1,950 region. The main support could be $1,880. 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 – $2,020 Major Resistance Level – $2,135
Binance’s Ethereum reserves are sitting at their lowest point since 2020 — and that’s just one piece of a much bigger picture. Across the board, Ethereum held on exchanges has fallen to its lowest level since 2016, a shift driven by back-to-back withdrawals and a staking surge that is pulling coins deeper out of circulation. Related Reading: Bitrue Says XRP Should Already Be At $10, Traders Are Betting It Gets There A Wave Of Withdrawals Across Major Platforms On March 22, crypto analyst Amr Taha flagged a $1.67 billion ETH withdrawal from OKX. Binance also recorded two separate outflows topping $300 million earlier in the quarter. Those moves didn’t happen in isolation. Data from analyst Arab Chain show that roughly 31.6 million ETH left major exchanges in February alone — the biggest monthly outflow since November. Binance accounted for about 14.45 million ETH of that total, close to half. OKX followed with around 3.80 million ETH, and Kraken recorded roughly 1 million ETH during the same stretch. When coins leave exchanges at that pace, it matters. Sustained withdrawals shrink the pool of coins available for spot trading. Assets moved to private wallets or staking platforms tend to be less liquid in the near term, and thinner exchange balances can sharpen price swings when market activity picks up. Ethereum: Staking Reaches A Record High The withdrawal story runs alongside a staking story, and together they paint a picture of tightening supply. About 38 million ETH is now locked in staking, equal to roughly 33% of total supply — the highest level on record. Staking infrastructure provider Everstake weighed in on what that means for the market. The company said that a steady drop in liquid supply, combined with ongoing demand, sets up conditions for a structurally firmer price floor. That’s not a short-term trade signal. It’s a longer-term structural shift — one where a growing share of ETH is committed to the network rather than sitting ready to be sold. Analysts are watching what happens next on the price chart. Technical analyst Trader Tardigrade has identified a potential cup-and-handle pattern forming on Ethereum’s daily chart. $ETH / daily Did #Ethereum just quietly break out of the handle? Low-key breakout or fakeout? ???? pic.twitter.com/FtZdl5hfdY — Trader Tardigrade (@TATrader_Alan) March 25, 2026 A confirmed breakout would require ETH to clear the 50-day exponential moving average and key Fibonacci levels. Failing to do so could keep the token grinding sideways in its current range. Related Reading: Bernstein Sets $150,000 Bitcoin Target As ETF Inflows Surpass $1.6B In March Price Holds Near $2,181 As Momentum Builds As of March 25, ETH was trading near $2,181 with rising derivatives activity and improving momentum readings. Whether that’s enough to trigger a move higher depends on demand catching up to the shrinking supply picture. Analysts say Ethereum remains in an accumulation phase and has not yet entered an established uptrend. Featured image from Pexels, chart from TradingView
Ethereum is consolidating after weeks of selling pressure. The price chart reflects uncertainty. An on-chain transaction recorded this week reflects something else entirely. Data from Arkham Intelligence has identified a single purchase that stands out against the current market backdrop: an unmarked wallet acquired $106.98 million worth of ETH in one transaction. No announcement. No public attribution. One address, one move, nine figures. In isolation, a large wallet transaction proves nothing. In context, it demands attention. When an unmarked address commits $107 million to ETH during a period of sustained price weakness and negative market sentiment, it is not the behavior of a participant who believes the current trend continues indefinitely. Wallets of that size do not accumulate into weakness by accident. They do it by design. Related Reading: The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching What Arkham’s data cannot confirm is the identity behind the address. What it can confirm is the scale, the timing, and the direction — a buyer of institutional size, moving against the prevailing sentiment, at a price level the broader market has spent weeks treating as a ceiling rather than a floor. That divergence between what the price is doing and what the large capital is doing is precisely the kind of signal that precedes a structural shift. It does not guarantee one. But it changes the conversation. The Pattern Has a Name. The Question Is Whether the Name Has a Face Arkham’s analysis goes one step further than identifying the transaction. It identifies a behavioral signature: the purchase pattern of the unmarked address matches the prior acquisition patterns of Bitmine — the Bitcoin and digital asset treasury company led by Tom Lee, one of the most publicly recognized and institutionally influential voices in crypto markets. That match is not a confirmation. It is a flag — and in on-chain forensics, a pattern match of this specificity against a known institutional actor is the closest thing to attribution that the data can responsibly support. Bitmine’s relevance to the market extends well beyond its balance sheet. Tom Lee has spent years as one of the few mainstream financial voices with institutional-level conviction on digital assets and defends them publicly. When capital connected to his firm moves, the market notices. Not merely because of the dollar size, but because of what it signals about conviction at the institutional level. A $107 million ETH accumulation, if attributed to Bitmine, would represent a direct vote of confidence in Ethereum at current prices from a buyer with both the resources and the public credibility to move sentiment. The question Arkham puts on the table — did Tom Lee just buy $100 million in ETH — cannot yet be answered with certainty. But it is the right question, and the on-chain evidence is the reason it is being asked. Related Reading: Ethereum Staking Ratio Hits Record 31.4% As Exchange Supply Crashes To 2016 Lows Ethereum Weekly Chart Places This Moment in Its Proper Context Ethereum is trading at $2,075 on the weekly timeframe, up 1.03% on the candle that opened at $2,053 and tapped $2,199 before retreating. That weekly high rejection at $2,199 — precisely where the market attempted and failed to hold — is the detail the daily chart cannot show. The weekly candle is not recovering. It is struggling. The macro picture clarifies what struggling means at this scale. ETH peaked near $5,000 in early 2022, bottomed below $1,000 in mid-2022, recovered through the entire 2023–2024 cycle, and reached $4,800 again in late 2024. The current price at $2,075 represents a 57% drawdown from that most recent cycle high. A decline that has now erased the entirety of the 2024 bull run and returned ETH to levels last seen in late 2023. Related Reading: Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives The moving average configuration on the weekly chart is the most damning technical signal visible. Price has broken decisively below the 50-week MA and is now testing the 100-week MA — the green line, currently descending through the $2,200–$2,300 region — from below, having failed to reclaim it this week. The 200-week MA, the long-term red line, continues its slow ascent from the $2,600 region and represents a level ETH has not traded above since early 2026. All three weekly MAs are converging downward. Price is beneath all of them. Until the 50-week MA is reclaimed on a weekly close, this chart has no technical case for recovery. Featured image from ChatGPT, chart from TradingView.com
Ethereum is holding above $2,000. The price chart looks uncertain. The exchange data tells a different story entirely. A CryptoQuant report has identified a withdrawal pattern that cuts against the bearish surface narrative: on March 22, a single OKX outflow of $1.67 billion in ETH left the exchange in one movement — the largest single withdrawal event recorded in the period under review. Binance followed with its own signals, registering two separate outflows each exceeding $300 million, on February 5 and February 7. Three large withdrawals. Two major exchanges. One direction. Related Reading: The Bitcoin Coinbase Discount Is Back: History Says That Is Worth Watching When ETH moves off exchanges at this scale, it does not disappear — it migrates into cold storage, staking contracts, and long-term custody. It stops being available for immediate sale. The pool of coins that can be sold at a moment’s notice shrinks, and the market’s sensitivity to any new wave of buying demand increases proportionally. What the withdrawal data describes is a supply side that is quietly tightening while the price holds a key psychological level. Ethereum above $2,000 with contracting exchange supply is not the same market as Ethereum above $2,000 with abundant sell-side liquidity. The number is the same. The structure beneath it is not. One Exchange Would Be a Data Point. Two Is a Pattern. The report is precise about why the scope of the withdrawal signal matters. A single large outflow from a single exchange can reflect any number of explanations — an institutional custody transfer, a wallet reorganization, a single large holder moving funds for reasons entirely unrelated to market outlook. What it cannot easily explain is the same behavior appearing across multiple major exchanges within the same quarter. OKX posted the largest single withdrawal in the period. Binance registered two separate outflows above $300 million within 48 hours of each other in early February. When that kind of coordinated supply reduction appears across venues simultaneously, the isolated wallet movement explanation loses credibility. What remains is the more consequential interpretation: a broad contraction in the ETH available for immediate spot selling across the market’s deepest liquidity pools. The report is careful about what this means and what it does not. Lower exchange-held supply is not a rally trigger. It is a structural condition — one that reduces the overhead of available sell-side pressure and makes the market more reactive to any uptick in demand. The floor does not rise automatically. It becomes easier to defend. If the pattern holds, Ethereum is not just above $2,000. It is above $2,000 with a progressively thinner book of coins willing to be sold at this price. Related Reading: Ethereum Staking Ratio Hits Record 31.4% As Exchange Supply Crashes To 2016 Lows The Ethereum Trend Has Not Changed Ethereum is trading at $2,079, down 4.13% on the day. The session opened at $2,169, reached a high of $2,172, and has spent the remainder of the day selling off — a candle that opened near its high and is closing near its low. That is not consolidation. That is distribution. The daily chart context is unambiguous. ETH peaked near $4,100 in September 2025 and has been in a structured downtrend for six consecutive months. The February capitulation — a near-vertical drop from $3,000 to $1,770, accompanied by the heaviest sell volume on the entire chart — was the most violent single move of the decline. Price recovered from that wick, but the recovery has been labored, range-bound, and unconvincing. Related Reading: Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives All three moving averages confirm the bearish structure. The 50-day MA has crossed below the 100-day MA — a death cross on the intermediate timeframe — and both are accelerating lower. The 200-day MA, descending from the $3,200 region, remains the dominant overhead resistance. Price has not traded above it since November. Every rally attempt has stalled well beneath it. Today’s 4.13% decline while trading below all three downward-sloping MAs is not noise. It is the trend reasserting itself. The $2,000 level is the immediate line. Below it, the February lows at $1,770 come back into view. Featured image from ChatGPT, chart from TradingView.com
The Ethereum Foundation brought together some of the world’s most influential financial players in New York City for an exclusive, invitation-only institutional forum on how traditional finance is engaging with ETH. This gathering signals a growing focus on bridging the gap between decentralized technologies and traditional finance, as major players increasingly explore blockchain integration. Institutional Participation Signals Growing Confidence In Ethereum The Ethereum Foundation hosted a high-level invite-only institutional forum in New York City, drawing participation from hundreds of banks, asset managers, and infrastructure providers representing a combined $250 trillion in assets under management (AUM). An investor known as Milk Road on X revealed that major players, including BlackRock, Western Union, Robinhood, Moody’s, Baillie Gifford, and Securitize, took part in panels as builders, actively working on solutions within the ETH ecosystem. Related Reading: Ethereum Foundation Launches Bold New Push To Accelerate DeFi Growth Before now, institutional adoption used to be a bumper sticker, a story investors told themselves to feel better about the asset they already held. This move is different because the firms managing a combined $250 trillion in assets sat in rooms and talked about what they’re actually building on ETH. In addition, the ETH Foundation used the event to unveil its post-quantum security strategy and launch a dedicated resource hub. Addressing such forward-looking challenges in a room filled with major financial institutions sends a signal. Milk Road noted that the ETH Foundation is positioning its infrastructure to evolve over decades, not just short-term market cycles. For those who have questioned whether major institutions would move beyond experimentation, the developments in New York offered a compelling counterpoint. Bitmine Launches Staking Model, ETH Network Activity Surges Tom Lee, alongside Bitmine Immersion Technologies (BMNR), has officially launched MAVAN, the made-in-America Validator Network. According to Tom Lee Tracker, MAVAN is set to become the largest Ethereum staking platform globally, with approximately 3,142,643 ETH already staked, valued at around $6.8 billion based on an estimated price of $2,148 per ETH. Related Reading: Ethereum Sees Increased Whale Activity Following Optimistic Remarks From Tom Lee The scale of growth is accelerating, with over 101,776 ETH, worth around $219 million, staked in the past week alone. At full deployment, the network is projected to generate nearly $300 million in annualized staking rewards. Beyond ETH, MAVAN is also expected to expand into additional proof-of-stake chains and broader blockchain infrastructure. Activity on the Ethereum network is surging, with daily transactions rising at an explosive pace. Crypto investor known as CW on X has stated that despite the price weakness, the network activity still remains at an all-time high level. Such a growth is not a signal of a bear market, as the price has dropped, but some investors are working very hard under the surface. Featured image from iStock, chart from Tradingview.com
The new Binance guidelines for market makers requires them to disclose information such as their identity and contract terms. Binance Tightens The Grip On Market Makers On Wednesday, the largest centralized crypto exchange in the world released a new set of guidelines aimed to token issuers and liquidity providers, tightening their grip on the mandatory disclosure of market maker identity and legal entity and contract terms. Additionally, Binance is posing an explicit ban on profit‑sharing and guaranteed‑return arrangements. In their blog post, Binance clarifies that a market maker is a professional trader or firm that provides liquidity by always placing buy and sell orders on a CEX or DEX. They earn money from the small difference between their buy price and sell price (the spread). In return, the liquidity they provide help other traders get in or out of positions quickly without moving the price too much. Related Reading: Hyperliquid Takes Over Wall Street: Can PURR Options Trigger a Fresh Rally? Top 3 Red Flags That Market Makers Should Look For Binance highlights ix “red flag” behaviors, including aggressive sell‑offs against vesting schedules, one‑sided order books and coordinated cross‑platform dumping 1. Selling against the vesting schedule Market makers are expected to stick to the token’s agreed vesting and unlock plan. If they start offloading large amounts too early, too often, or in a way that clearly clashes with that schedule, it’s a sign incentives are off or internal risk controls are weak. 2. One‑sided “liquidity” Effective market making is supposed to provide balanced liquidity on both sides of the book. When you see sustained sell orders with little or no matching buy interest from the same party, it can add downward pressure on price and disrupt orderly trading conditions. 3. Coordinated dumping across venues When big token transfers hit several exchanges at once and are quickly followed by heavy selling that goes beyond routine liquidity rebalancing, it’s often a clue that tokens are being systematically offloaded, not just responsibly warehoused for market making. More Illicit Activity Binance warns that market makers should also watch out for volume that doesn’t match price, volatility spikes from thin liquidity and large‑scale token offloading. The new expectations for token projects are clear: strict adherence to token release plans, no large offloads via market makers, full disclosure of MM identities and mandates to the exchange, clear written trading parameters, and continuous monitoring post‑listing. Banned activity includes revenue‑sharing/profit‑sharing models, guaranteed‑return deals between projects and market makers and vague token‑lending agreements that don’t clearly limit how borrowed tokens can be used. The goal of the new rules is to ensure their market-making arrangements are aligned with “long-term market integrity”, as responsible market makers ultimately boost liquidity and “reduce slippage”. Binance warns it will take swift action against violations of the guidelines, including blacklisting market makers that manipulate markets or violate token release schedules. Related Reading: Crypto Analysts Warn: Traders Misreading The Clarity Act Could Miss The Real Opportunity Market Implications Of The Binance Guidelines Binance is effectively admitting that “liquidity support” has doubled as unofficial selling channels and volume‑washing tools, and is trying to pre‑empt both another crash narrative and tougher external regulation. The potential winners of the new rules are retail traders who get cleaner order books and fewer surprise dumps on newly listed tokens, plus more transparent token‑launch structures. The likely losers, however, are smaller token issuers and aggressive market makers who relied on off‑the‑record guarantees or profit splits to juice volume and unlock liquidity. The practical takeaways for traders are the obvious: watch order‑book depth and slippage instead of headline volume, be cautious around early‑stage altcoin listings while market makers and issuers adjust, and expect some pairs to see thinner liquidity as aggressive players step back. If Binance really enforces blacklisting and reporting channels, the cost of “liquidity games” rises, which could reduce short‑term pumps but improve long‑term price discovery on the exchange. BTC’s price drops slightly after reaching $71k yesterday, trading for around $69k today. Source: BTCUSD on Tradingview Cover image from Perplexity, BTCUSD chart from Tradingview
Taiwanese crypto trader Machi Big Brother has taken another major hit in the volatile Ethereum market. After a $500,000 USDC deposit on Hyperliquid, a market dip wiped out his Bitcoin and ETH longs, leaving his account at just $138,000. Undeterred, he immediately opened a new 25x leveraged long on 1,600 ETH worth $3.3 million, currently …
Crypto analyst Crypto Patel has revealed an Ethereum accumulation roadmap indicating the altcoin could rally as high as $20,000. This comes as ETH continues to struggle around the $2,000 level amid the U.S.-Iran war, which has dragged on for almost a month now. Analyst Reveals Ethereum Accumulation Roadmap With $20,000 Price Target In an X post, Crypto Patel revealed Ethereum’s accumulation roadmap, in which he described the $1,800 to $1,400 range as the best accumulation zone. He highlighted $4,700 as the major resistance and breakout level. Meanwhile, the targets for ETH are $10,000, $15,000, and $20,000. Related Reading: Will Ethereum Price Crash Below $2,000 Again Amid Whale Sell-Offs His accompanying chart showed that Ethereum could reach these price targets by 2030, a period that could mark the peak of the next bull market. Crypto Patel noted that these were big targets that only happen after a strong structure and time. As such, the analyst called for patience among market participants. In the meantime, Ethereum continues to struggle alongside the broader crypto market, with the U.S.-Iran war putting pressure on risk assets. Crypto analyst Maartunn noted that ETH is facing its first key resistance at the realized price of $2,306. He noted that price was rejected at this level just days ago, confirming it as a critical short-term barrier. This suggests that Ethereum may again be at risk of dropping below the psychological $2,000 level, especially with tensions between the U.S. and Iran still high. Iran has rejected the U.S. proposal for a ceasefire and has outlined five conditions that the U.S. must meet before it can end the war. The Current Setup For ETH In another X post, Crypto Patel noted that Ethereum suffered a clear fakeout between $2,230 and $2,400, indicating a liquidity grab and rejection of short-term supply. The analyst further remarked that multiple Break of Structure (BOS) confirmations show that the bears are still in control since the $4,957 top. Related Reading: Ethereum Whales Are Making Money Again, But Will They Hold Or Sell? The crypto analyst also broke down the current technical structure, noting that multiple BOS to the downside indicate the bearish trend is still intact. However, there is a fair value gap between $2,474 and $2,634, indicating a key imbalance that remains to be filled. There is also the possibility that ETH could still drop to the $1,840 support zone, which Crypto Patel said is a potential demand reaction area. A daily close below this support zone could invalidate the case for a bullish reversal and open further downside toward the $1,300 accumulation zone. Crypto Patel said that patience is key and that there is no confirmation for longs until Ethereum reclaims $2,500 with strength. Until then, ETH remains range-bound within a bearish bias, with the potential for another liquidity sweep. At the time of writing, the Ethereum price is trading at around $2,140, down in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Tom Lee’s Bitmine has stepped up its Ethereum accumulation, buying another 50,000 ETH ($108.3 M) from FalconX as part of a broader buying trend. Over the past two days, three newly created wallets likely tied to Bitmine have picked up a total of 117,111 ETH worth about $253.3 M, according to on-chain analytics. This aggressive …
The market’s second-largest cryptocurrency, Ethereum (ETH), surged nearly 3% on Wednesday, extending a short-term recovery that has brought the altcoin to the key $2,160 level. Market analyst Ali Martinez flagged the move as part of a potentially significant shift in Ethereum’s technical outlook, writing on social media platform X (previously Twitter) that price action is showing “signs of a major trend shift from bearish to bullish.” On‑Chain Signals Strengthen Breakout Case Martinez pointed to the altcoin’s weekly chart, where Ethereum appears to be tracing an ascending triangle formation. He noted that ETH’s bounce to $1,800 on February 26 lined up with the triangle’s hypotenuse—an alignment that, in past instances, has preceded bullish continuations. Similar patterns seen in previous market cycles offer investors reason for optimism. As the price tightens toward the triangle’s apex, historical patterns suggest that a breakout to the upside is more likely. Related Reading: BlackRock Crypto Outlook: CEO Predicts $500M A Year In Revenue Within Next Five Years The analyst also highlighted on-chain context to bolster the bullish case. Martinez observed that the market value to realized value (MVRV) ratio fell below 0.8 at the same time ETH tested the triangle’s support. According to his read, that specific MVRV threshold has previously coincided with important buy signals, which makes the recent reset more meaningful than a random bounce. Adding to the technical narrative, the SuperTrend indicator flipped to bullish for the first time since May of last year, indicating that momentum may be shifting back in favor of buyers. Martinez had previously observed in a social media analysis that this suggests that Ethereum’s consolidation or accumulation period may be coming to an end, with the $1,800 support playing a crucial role in a scenario where selling pressure emerges and challenges this crucial level. Ethereum Price Targets Identified The analyst set out several price bands between market value and realized value that could serve as resistance points if Ethereum continues its recovery in the short, medium, and long term. Martinez stated that the first significant objective to be reclaimed was $2,356, which was not exceeded in the broader market surge witnessed last week. Mid-term targets at $2,647 and $3,639 came next. Related Reading: Bitcoin, XRP Rallies Won’t Hold Until Oil Falls Toward $80, Expert Warns Looking ahead, the analyst indicated $4,632–the last resistance before reaching all-time highs of $4,956–and $5,624 as longer-term “expansion” zones that would indicate further positive momentum. Despite the bullish signals, Martinez was careful to temper expectations: he emphasized that a full-blown bull market is not yet guaranteed. Still, he argued that the convergence of technical support, the MVRV buy signal, and the SuperTrend flip represent the strongest combination of bullish indicators for Ethereum seen in a while. Featured image from OpenArt, chart from TradingView.com
Ethereum price started a recovery wave above the $2,120 zone. ETH is now consolidating above $2,140 and is struggling to clear the $2,200 resistance. Ethereum started a recovery wave above the $2,150 zone. The price is trading above $2,120 and the 100-hourly Simple Moving Average. There is a new bearish trend line with forming resistance at $2,175 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,205 resistance. Ethereum Price Faces Resistance Ethereum price managed to stay above $2,050 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,080 and $2,120 resistance levels. The price cleared the 38.2% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. However, the bears seem to be active below the $2,200 resistance. There is also a new bearish trend line with forming resistance at $2,175 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,140 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,100, the price could attempt another increase. Immediate resistance is seen near the $2,175 level and the trend line. The first key resistance is near the $2,205 level or the 50% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. The next major resistance is near the $2,250 level. A clear move above the $2,250 resistance might send the price toward the $2,300 resistance. An upside break above the $2,300 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,345 resistance zone or even $2,365 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,175 resistance, it could start a fresh decline. Initial support on the downside is near the $2,120 level. The first major support sits near the $2,100 zone. A clear move below the $2,100 support might push the price toward the $2,065 support. Any more losses might send the price toward the $2,020 region. The main support could be $2,000. 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 below the 50 zone. Major Support Level – $2,065 Major Resistance Level – $2,175
The Ethereum price has jumped back above $2,100 despite broader market volatility, driven by aggressive whale accumulation and tightening supply. However, recent updates reveal that whales are now selling their ETH, likely taking profit after prices recovered slightly. The key question now is whether this increased selling pressure could trigger a decline in Ethereum, potentially pushing its price back below $2,000 once again. ETH Faces Heavy Selling From Whales After recording massive accumulations just last week, crypto whales are now back to selling ETH. A new report released on X by on-chain researcher ‘The DataNerd’ revealed that a 2-year-dormant Ethereum whale recently deposited a staggering 15,000 ETH, valued at approximately $30.97 million, to the crypto exchange Coinbase. Based on the size and timing of the transfer, flagged by Arkham Intelligence, the dormant whale may be looking to sell or trade their ETH. Interestingly, the DataNerd disclosed that the whale was an early participant in Ethereum’s initial coin offering (ICO), meaning they bought ETH when the cryptocurrency first launched at an extremely low price. Related Reading: Ethereum Whales Are Making Money Again, But Will They Hold Or Sell? The post also mentioned that the whale used a dollar-cost averaging (DCA) strategy to buy 17,400 ETH at an average price of about $11.6 per coin on Poloniex. Despite moving some ETH to Coinbase, the whale still holds 14,800 ETH in their wallet, worth roughly $30.5 million, showing they haven’t sold most of their holdings yet. Another recent large-scale ETH sell-off was identified by blockchain analytics platform Lookonchain on X. According to the report, an “EthereumOG” with the wallet address 0xa2F6 sold 15,002 ETH on March 23, worth approximately $30.97 million. The data showed that the whale had previously received 172,700 ETH for $12.83 per coin a decade ago, valued at $2.2 million at the time. However, based on Ethereum’s price during the transaction, the whale’s holdings have gained by more than 16,082%, reaching a whopping $356 million. How This Selling Pressure Affects The Ethereum Price The recent spikes in whale selling activity could have broader implications for Ethereum’s price. When large ICO whales move their holdings to a crypto exchange, it often signals that they may be preparing to sell. Such large-scale ETH deposits can create significant selling pressure on the market, as other traders closely watching the whale movements may react by selling or adjusting their positions. Related Reading: The 8-Year Ethereum Convergence That Says An Altcoin Season Stronger Than 2021 Is Coming This can trigger a chain reaction, putting short-term downward pressure on Ethereum’s price. The effect is even stronger when the whales involved are bigger and older, significantly increasing price volatility. With ETH trading around $2,100, persistent whale sell-offs could push its price lower, possibly sending it below $2,000. Its price has already fallen by more than 5%over the past seven days, according to CMC data, highlighting its underlying bearish momentum. Featured image from Getty Images, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Payy's round was led by FirstMark Capital, an early backer of Airbnb, Shopify and Pinterest, and included Robot Ventures and DBA Crypto.
Ethereum is trading below $2,200. The market is volatile. And yet, quietly, the structural case for ETH has never looked more constrained on the supply side. A new CryptoQuant report reveals that 38.31 million ETH — roughly 31.4% of the total supply — is now locked in staking, an all-time high. That is not a footnote. It is the most significant supply development in Ethereum’s recent history, and the price has not caught up to it yet. Related Reading: Bitcoin Structure Has Changed: UTXO Data Challenges Traditional Cycle Narratives The data is unambiguous: the ETH 2.0 Staking Rate indicator just recorded its highest reading ever, meaning nearly one in three Ether in existence is off the market, unavailable for immediate sale, and contributing nothing to exchange liquidity. Simultaneously, the circulating supply of Ethereum on Binance has fallen to its lowest level since 2020 — a parallel compression that tightens the market from two directions at once. The analysis reveals a market hollowing out from the inside. Sellers have less to sell. Buyers face a thinner book. And volatility, for now, is masking a structural shift that the price has yet to fully price in. A Market Being Drained From Both Ends The report makes the consequence plain: nearly one third of all Ethereum in existence is no longer available for immediate sale. That is not a temporary dislocation. It is the cumulative result of a sustained behavioral shift — investors moving capital out of active trading and into long-term staking, with no indication of reversal. The exchange data sharpens the picture further. Ethereum’s circulating supply on exchanges has fallen to its lowest level since 2016. Not since last cycle. Not since the last correction. Since 2016, a figure that reframes the entire conversation about where this market stands structurally. What that number means in practice is straightforward: the book is thin. When available supply contracts to historic lows, the market loses its buffer. Modest buying pressure — the kind that would barely register in a liquid market — becomes capable of triggering outsized price moves. The mechanism for a supply shock is not theoretical. It is already assembled. Selling pressure is declining because sellers are becoming holders. Holders are becoming stakers. And stakers, by definition, are not selling. The market is not just tightening. It is being restructured in real time. Related Reading: Ethereum Price Divergence Signals Weak US Buying Pressure: Coinbase Premium Stays Negative The Chart Tells a Harder Story Ethereum is currently trading at $2,180, up 6.16% on the week but still navigating one of the more structurally precarious positions it has occupied since the 2022 bear market. The weekly candle opened at $2,053, tapped a high of $2,198, and has not yet reclaimed it — a detail that matters. The longer context is sobering. After peaking near $4,800 in early 2025, ETH has retraced more than 50% over roughly twelve months. The current price sits below all three major moving averages visible on the chart — the short-term blue, the mid-term green, and the long-term red — an alignment that technically defines a market still in distribution, not accumulation. Related Reading: Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6.75B What the chart also shows is where support has historically lived. The $2,000 level has acted as a structural floor across multiple cycles, and last week’s wick to $1,700 — which was bought aggressively, as the volume spike confirms — suggests that floor is being defended. For now. The critical question is not whether $2,180 holds. It is whether ETH can reclaim $2,500 and put distance between itself and those moving averages. Until it does, every rally is a test, not a trend. Featured image from ChatGPT, chart from TradingView.com
BlackRock's Chief Executive Larry Fink told shareholders this year that digital assets, alongside private markets, insurance, and active ETFs, could each become $500 million revenue generators for the firm within five years. According to him: “Private markets to insurance, private markets to wealth, digital assets, and active ETFs, we think these can all be $500 […]
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The company continued accumulating ether and remains the largest ETH treasury holder, followed by SharpLink and The Ether Machine.
Ethereum price started a recovery wave above the $2,065 zone. ETH is now consolidating above $2,120 and might aim for more gains if it clears the $2,200 resistance. Ethereum started a recovery wave above the $2,125 zone. The price is trading above $2,140 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,145 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,200 resistance. Ethereum Price Eyes Steady Gains Ethereum price managed to stay above $2,020 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,065 and $2,120 resistance levels. The price cleared the 38.2% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. Besides, there was a break above a key bearish trend line with resistance at $2,145 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,120 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,100, the price could attempt another increase. Immediate resistance is seen near the $2,180 level. The first key resistance is near the $2,200 level or the 50% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. The next major resistance is near the $2,250 level. A clear move above the $2,250 resistance might send the price toward the $2,300 resistance. An upside break above the $2,300 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,345 resistance zone or even $2,365 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,180 resistance, it could start a fresh decline. Initial support on the downside is near the $2,140 level. The first major support sits near the $2,110 zone. A clear move below the $2,110 support might push the price toward the $2,065 support. Any more losses might send the price toward the $2,010 region. The main support could be $2,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,065 Major Resistance Level – $2,180
Data shows the Ethereum Coinbase Premium Index has stayed inside the negative territory even as the price has climbed back above $2,100. Ethereum Coinbase Premium Index Is Red Right Now As pointed out by Arab Chain in a CryptoQuant Quicktake post, the Coinbase Premium Index has been in the red zone for Ethereum recently. This indicator keeps track of the percentage difference between the ETH price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin HODLers Quietly Add 332,000 BTC Amid Market Chaos Below is a chart that shows the trend in the Ethereum Coinbase Premium Index over the past month. As is visible in the graph, the Ethereum Coinbase Premium Index has dropped into the negative region in the last few days, indicating BTC has been trading at a lower rate on Coinbase as compared to Binance. In other words, users of the former have been applying a higher selling pressure than that of the latter. Initially, the decline in the indicator came as the asset observed a retrace from last week’s highs. The timing would suggest that Coinbase traders led the price drawdown. But interestingly, while the Coinbase Premium Index has remained at a value of -0.0149 during the past day, ETH’s price has actually seen a rebound back above the $2,100 level. The trend could be a sign that Binance investors have helped provide the fuel for the surge. If the Coinbase Premium Index stays red in the coming days, however, it’s possible that the move could run out of momentum. This is because, in recent times, American institutional entities, which use Coinbase as their preferred platform, have tended to be the drivers in the cryptocurrency sector. Whenever demand from these investors is lacking, Ethereum and other major tokens like Bitcoin tend to suffer. So far, the rebound hasn’t been able to ignite interest among the US-based whales, so it only remains to be seen whether things will change as the rally unfolds. The Coinbase Premium Index only tells a short-term story of the market. From a more long-term view, Ethereum’s rebound from $1,800 over the past month occurred after a retest of a significant level in the Market Value to Realized Value (MVRV) Ratio, as analyst Ali Martinez has highlighted in an X post. Related Reading: Dogecoin Could 200% Rally If This Floor Holds, Analyst Says The MVRV Ratio basically tells us about the profit-loss situation of the ETH investors as a whole. As shown in the below chart, the Ethereum MVRV Ratio plunged below 1.0 during this year’s drawdown, implying that the overall network entered into a state of loss. The metric ended up going down to the 0.8 level, which has often acted as a low point for the cryptocurrency in the past. “Historically, this is a ‘Generational Buy’ zone,” noted the analyst. Since this retest, ETH has observed its rebound. ETH Price At the time of writing, Ethereum is trading around $2,160, down 7% over the past week. Featured image from Dall-E, chart from TradingView.com
Ethereum block builder Eureka Labs is introducing "programmable blocks," which add logic during block construction.
Ethereum whales are now back in profit as the ETH price continues to climb, defying the broader market downtrend. Data from the on-chain analytics platform CryptoQuant indicate that these whales are investors with wallets holding over 100,000 ETH. The sudden move into profitability raises the question of whether these large-scale investors will hold their positions or sell immediately, as key historical chart patterns signal a potential price surge for ETH in the coming months. Ethereum whales are reportedly back in the green after sitting on a pile of paper losses following ETH’s persistent price decline this year. According to CryptoQuant, this is the first time that whales holding over 100,000 ETH have become profitable since early February 2026. Ethereum Whales Move Back Into Profit Zone While a shift into the profit zone is typically viewed as a bullish signal, it also highlights the potential for large-scale investors to sell and take profit. Market analysts CryptoTice and CW have also spotlighted this recent movement on X, offering insights into its broader significance. Related Reading: Ethereum Price Won’t Crash To $1,500 Until This Happens First, Analyst Reveals In his analysis, CW pointed out that areas where large whales previously incurred losses are often seen as market bottoms. He explained that when these whales return to profitability, the moment they do so can mark the start of a major uptrend. Given ETH whales’ latest move into profitability, CW suggests the current market could be at the beginning of a bullish reversal. Sharing a different yet equally bullish perspective, Crypto Tice highlighted a recurring historical pattern in which whales returning to profitability triggered significant price rallies for ETH. He emphasized that wallets holding above 100,000 ETH don’t flip back into profit by accident. According to him, every single time this has happened, ETH has recorded a 25% increase within three months, a 50% rally in six months, and a staggering 300% gain within the year. CryptoTice noted that these large-scale whale addresses have survived every market cycle, experiencing both bull runs and bear market crashes. He stated that they were the ones that accumulated at the bottom while everyone else sold due to panic as broader volatility and negative sentiment spread. Based on his analysis, if Ethereum perfectly follows the same historical pattern, it could see its price skyrocket from its current price of above $2,150 to roughly $2,687 in three months, approximately $3,335 in six months, and about $8,600 within the year. Analyst Identifies New Sell Wall For ETH Whales In a more recent analysis, CW shared a potential sell wall for Ethereum whales looking to take profits. In his ETH chart, he marked $2,350 as the next sell wall, representing a roughly 9.3% increase from current levels. Related Reading: Ethereum Price Is Headed For $8,500 If This Happens At the same time, the analyst noted that Ethereum whales are still on a strong buying spree. He stated that these large-scale investors have continued to accumulate ETH even during sideways movement, matching the scale of the net buying seen among Bitcoin whales. Featured image from Freepik, chart from Tradingview.com
Ethereum is attempting to reclaim the $2,200 level as market participants react to recent moves by US President Donald Trump in the Middle East, developments that have introduced renewed volatility across global risk assets. The reaction reflects a broader sensitivity to geopolitical uncertainty, with crypto markets showing mixed signals as traders reassess risk exposure. Related Reading: Bitmine Locks 68% of Ethereum Holdings As Staking Position Surpasses $6.75B Despite the attempted recovery, the underlying data suggest that demand remains uneven. According to CryptoQuant analyst Arab Chain, the Coinbase Premium Index for Ethereum has registered a reading of approximately -0.0149, a clearly negative value. This indicates that ETH is trading at a higher price on Binance compared to Coinbase, pointing to relatively weaker demand from US-based investors. This divergence is significant. Coinbase is often used as a proxy for institutional and US market activity, while Binance reflects broader global participation. A negative premium suggests that buying pressure is currently stronger outside the US, while domestic demand remains subdued. In this context, Ethereum’s attempt to reclaim $2,200 faces structural headwinds. While global liquidity appears active, the lack of strong US participation raises questions about the sustainability of the current move, particularly in a market still influenced by macro and geopolitical uncertainty. Coinbase Premium Signals Weak US Support for Ethereum Arab Chain further explains that the shift of the Coinbase Premium Index into negative territory typically reflects either rising selling pressure or a decline in buying appetite among US investors. In contrast, liquidity on Binance appears more active, suggesting that global participants are currently driving price action while US demand lags behind. Although Ethereum has attempted a rebound following recent declines, the persistence of the index at around -0.0149 indicates that this move lacks strong support from Coinbase. In practical terms, the recovery is not being confirmed by US-based flows, which are often associated with institutional activity and deeper liquidity. The index’s position below zero serves as a cautionary signal, particularly while the divergence between Binance and Coinbase persists. Sustained negative readings reveal an imbalanced market structure where selective participation drives rallies instead of broad-based demand. However, this signal is dynamic. If the index begins to recover toward zero or turns positive, it would suggest a return of US buying pressure, restoring balance between platforms. Such a shift would likely reinforce upward momentum and provide stronger confirmation for a sustained Ethereum recovery. Related Reading: Ethereum Whales Return to Profitability as Historical Bottom Signal Reappears Ethereum Faces Resistance as Recovery Attempts Stall Below Key Averages Ethereum is currently trading around the $2,150–$2,200 range, attempting to stabilize after a sharp breakdown that occurred in early February. The chart shows a clear shift in structure, with ETH losing its previous higher-low formation and entering a sustained downtrend characterized by lower highs and persistent selling pressure. The recent bounce from sub-$1,900 levels reflects short-term demand, but price action remains constrained below key moving averages. ETH is still trading under the 50-day and 100-day moving averages, both of which are sloping downward, signaling that momentum remains bearish in the medium term. More importantly, the 200-day moving average sits significantly higher, reinforcing the broader trend weakness and acting as a distant resistance level. Related Reading: Binance Leads XRP Whale Exodus As 530M Tokens Exit In Single-Day Surge Volume dynamics also support this view. The largest spike in activity occurred during the February selloff, suggesting capitulation rather than accumulation. Since then, recovery attempts have been accompanied by relatively lower volume, indicating a lack of strong conviction from buyers. Structurally, Ethereum appears to be consolidating within a narrow range after the decline. Unless ETH can reclaim the $2,300–$2,400 region and break above key moving averages, the current price action is more consistent with a bearish continuation or range-bound consolidation rather than the start of a sustained recovery. Featured image from ChatGPT, chart from TradingView.com
Fidelity’s latest quarterly crypto livestream framed the second quarter of 2026 as a transition period for crypto assets, with the firm’s speakers pointing to a mix of macro, regulatory, and on-chain developments that could shape the next phase of the market. The discussion centered on bitcoin’s current consolidation, the growing role of stablecoins, and whether smart contract platforms could find new momentum through tokenization and AI-driven developer productivity. Crypto Outlook For Q2 2026 Jurrien Timmer, Fidelity’s director of global macro, described the recent selloff as a “mild winter” rather than the kind of deep crypto washout seen in prior cycles. Bitcoin, which he said peaked around $126,000 before falling to roughly $60,000, has already endured a drawdown of more than 50%, but he argued that such declines should become less severe as the asset matures. “I’m not looking for an 80% drawdown, which would be a pretty harsh winter,” Timmer said. “I think a 50% to 60% drawdown, which is what we’ve had, is probably as much as it needs to go. Again, not market timing here, but I think we’re in the zone. So yes, a mild winter, but maybe spring is around the corner.” That view ties into a broader Fidelity debate around whether bitcoin’s four-year cycle is still intact. Max Wadington of Fidelity Digital Assets said Q1 likely confirmed the timing component of the cycle, given that the prior all-time high in November 2021 lined up closely with the market peak in late 2025. But both speakers argued that the mechanism behind the cycle is changing as halvings matter less and demand-side factors take on greater importance. Related Reading: Sen. Lummis Predicts Crypto Market Structure Markup In April, Senate Passage By Year-End For Timmer, the immediate setup is less about a fresh breakout than a base-building phase. He said bitcoin appears to be testing a range around $60,000 to $70,000 while the market searches for a new narrative after both the “hard money” and speculative trades lost momentum. “We’ve done the hard money narrative. Gold is running that show right now. We had the speculative narrative,” Timmer said. “And so I think it’s sitting here waiting for a new storyline, if you will. It’ll still be related to those two. But something needs to happen.” One possible catalyst is macro policy. Timmer said he is watching prospective leadership changes at the Federal Reserve closely, arguing that a closer alignment between the Fed and Treasury in managing the debt load could eventually revive the hard-money case for bitcoin if markets begin to question central bank independence. In his telling, gold has already responded to that theme, while bitcoin has lagged. The macro picture is not one-dimensional, however. Timmer said bitcoin is currently caught between two identities: an “aspirational store of value” tied to monetary debasement and a speculative asset that often trades in line with tech risk. Related Reading: Crypto Adoption No Longer Optional, Survey Finds As 72% Of Finance Leaders Signal Commitment He pointed to a disconnect between rising global money supply, which he pegged at around $120 trillion and up roughly 12% year over year, and bitcoin’s weaker recent performance. At the same time, he noted that software stocks have been under pressure, and bitcoin has moved more in that direction than alongside hard-money assets. Wadington’s Q2 focus sits further down the stack. He highlighted tokenization, DeFi, and stablecoins as major themes already gaining traction, especially after Fidelity Digital Assets launched its own dollar-backed stablecoin, FIDD. He stressed that stablecoins should not be viewed as long-term investments so much as on-chain cash instruments designed for round-the-clock, low-cost global transfers. More interestingly, he said the next leg for Ethereum and Solana may come not only from AI agents transacting on-chain, but from AI making crypto developers more productive in the near term. “What I’m looking for are any signs or signals that show the thousands of crypto developers getting marginally or incrementally more productive,” Wadington said. “And I think that’ll have a direct impact on the underlying value of these assets. I personally don’t think it’s something that’s been talked about much that we could see come up in the metrics pretty shortly here.” At press time, the total crypto market cap stood at $2.41 trillion. Featured image created with DALL.E, chart from TradingView.com
While most of the market is watching Bitcoin’s move, Ethereum is building something far more subtle, and potentially more explosive. Ethereum price is currently hovering near $2,150, but beneath this sideways action, a clear shift is unfolding. Smart money is accumulating. Technical structure is tightening, and historically, this exact combination has preceded strong directional moves. …