Bitmine has increased its bet on Ethereum (ETH) with a $137 million purchase, as the King of Altcoins reclaims the crucial $2,150 level, and some market observers call for the end of the crypto market correction. Related Reading: Ethereum Whales Return to Profitability as Historical Bottom Signal Reappears Bitmine Adds 65,000 ETH Amid End Of Crypto Winter Calls On Monday, the largest Ethereum treasury in the world, Bitmine, announced it continued to ramp up its bet on the King of Altcoins by purchasing roughly $137 million in ETH last week. In its weekly update, the company reported it acquired 65,341 ETH over the past week, maintaining its “increased pace of ETH buys in each of the past three weeks.” This represents a significant increase in the average 45,000-50,000 ETH acquisitions from prior weeks. Notably, Bitmine’s latest purchase has pushed the company’s total crypto and cash holdings to $11 billion at current prices. As of March 22, the second-largest crypto treasury firm holds 4,660,903 ETH, 196 Bitcoin (BTC), a $200 million stake in Beast Industries, a $95 million stake in Eightco Holdings as part of its “Moonshots” initiative, and unencumbered cash worth $1.1 billion. In addition, it holds 3.86% of ETH’s total supply, and nears its goal to control 5% of the leading altcoin’s 120.7 million supply. Meanwhile, the firm’s total staked ETH stands at 3,142,643, worth $6.5 billion at $2,072 per ETH. Bitmine’s chairman, Tom Lee, highlighted that the company maintained its increasing purchasing pace due to its base case that “ETH is in the final stages of the ‘mini-crypto winter.’” As he noted, “crypto and particularly ETH have outperformed the broader market since the Iran war commenced, with ETH rising 18% and outperforming equities by 2,450bp.” To Lee, this has demonstrated that cryptocurrencies are a “good ‘wartime’ store of value.” He also highlighted the US Congress’s recent progress on the CLARITY Act, affirming that it will be a positive fundamental catalyst for Ethereum and “another reason probabilities favor the crypto winter as being largely behind us.” Ethereum Bullish Momentum Returned? On Monday morning, Ethereum rose alongside the rest of the crypto market after President Donald Trump announced he was postponing planned strikes on Iranian energy power plants for five days. Ethereum surged 8% from the $2,000 psychological level, reclaiming the crucial $2,150 area. Analyst Ali Martinez noted that the King of Altcoin is “showing signs of a major structural shift,” as it has shown the strongest combination of technical support and on-chain signals in months. From a technical perspective, Ethereum is currently trading within a multi-year ascending triangle pattern on the weekly chart. This pattern suggests a potential breakout towards the $10,000 level. As he explained, the recent move toward $1,800 served as “a critical reaction point, aligning with the rising trendline of this multi-year structure.” In addition, on-chain data confirms that the recovery “wasn’t just a random bounce,” with the MVRV ratio recently dropping below 0.8, which historically has been a “generational buy zone.” The fact that this on-chain reset happened exactly as price tested the triangle’s support adds massive weight to the bullish thesis. He also highlighted that the key SuperTrend indicator has flipped from Sell to Buy for the first time since May, suggesting that the extended sideways period is ending, and a new uptrend is beginning. Related Reading: Dogecoin Could 200% Rally If This Floor Holds, Analyst Says Martinez concluded that a sustained move above the $2,350 area would be the first signal that Ethereum is exiting its accumulation range and entering a “true bull market expansion” and that any dips into the $1,800-$2,000 range should be “viewed as an opportunity as long as the $1,800 floor remains intact.” Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum price started a recovery wave from the $2,025 zone. ETH is now consolidating above $2,120 and might struggle to clear the $2,200 resistance. Ethereum started a recovery wave above the $2,120 zone. The price is trading above $2,120 and the 100-hourly Simple Moving Average. There is still a key bearish trend line active with resistance at $2,165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,165 resistance. Ethereum Price Faces Resistance Ethereum price managed to stay above $2,000 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. More importantly, there was a break above one of the two bearish trend lines with resistance at $2,120 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,100 and the 100-hourly Simple Moving Average. However, the bears are active near $2,180. Besides, there is still a key bearish trend line active with resistance at $2,165. If the bulls remain in action above $2,065, the price could attempt another increase. Immediate resistance is seen near the $2,165 level. The first key resistance is near the $2,200 level. 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 or the 76.4% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. 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 $2,350 resistance zone or even $2,400 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,165 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 $2,065 zone. A clear move below the $2,065 support might push the price toward the $2,025 support. Any more losses might send the price toward the $2,000 region. The main support could be $1,940. 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 – $2,065 Major Resistance Level – $2,165
Ethereum is flashing early warning signs as momentum begins to shift beneath the surface. The RSI trendline break on the USDT pair suggests weakening strength, while the ETH/BTC pair now sits on the edge of following suit. With a familiar breakdown pattern taking shape, the risk of a double confirmation is rising, one that could open the door to a sharper move lower. RSI Breakdown Signals Early Weakness On Ethereum/USDT According to a recent Ethereum analysis from Umair Crypto, the USDT pair has already seen its RSI trendline break, signaling an initial shift in momentum. The ETH/BTC pair is expected to follow suit shortly, making a new lower low a matter of when, not if. Related Reading: Ethereum Exchange Inflows Signal Shift: Whales Reduce Selling Pressure This pattern mirrors a sequence recently observed with Solana. In that instance, the USDT pair’s RSI trendline fractured first while the BTC pair initially appeared to maintain its strength. Ethereum is now replicating this exact behavior, setting the stage for a similar recursive breakdown. While the ETH/BTC pair is currently holding its levels, the analysis suggests this resilience is temporary. However, once the BTC pair loses its footing, the lack of support across both denominations will likely trigger a sharp move to the downside. This alignment represents the most volatile and high-risk version of a market breakdown for Ethereum. Resilience Under Pressure, But At What Cost? The analyst went on to emphasize that both Bitcoin and Ethereum have shown notable strength throughout the intensity of the broader macro battle. That resilience is undeniable, but it hasn’t come without a cost. Rather than forming a solid base, the market has effectively been running on borrowed time, and the fatigue now visible on the charts suggests that the cost of that strength is beginning to surface. From this point, a move toward a lower low should not come as a surprise. Related Reading: Ethereum Rising Wedge Warning: Breakdown Could Send Price Toward $1,500 A major catalyst is adding to the current tension. Over $2.1 billion in BTC and ETH options is set to expire today, alongside Wall Street’s massive $5.7 trillion Triple Witching event. While such large expiries don’t directly trigger market direction, they tend to magnify existing momentum. In this case, the underlying structure already points to the downside, meaning any move could be accelerated under these conditions. The breakdown sequence is also becoming increasingly clear. The USDT pair was the first to show weakness, losing its key structure and signaling the initial shift in momentum. Now, attention turns to confirmation from the ETH/BTC pair. When this alignment occurs, it typically leads to a more decisive and aggressive move lower as bearish pressure takes full control. Featured image from Pexels, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitmine adds $138M in ETH as Ethereum nears $2.2K and Tom Lee says crypto is emerging as a wartime store of value.
The post Bitmine adds $138M ETH as Tom Lee calls crypto a wartime store of value appeared first on Crypto Briefing.
Ethereum is holding above the $2,000 level as selling pressure begins to build again, placing the market in a fragile position after recent recovery attempts. While price has managed to remain above this key psychological threshold, momentum is weakening, with sellers increasingly active on short-term rallies. Related Reading: Ethereum Exchange Inflows Signal Shift: Whales Reduce Selling Pressure At the same time, structural developments beneath the surface suggest a more complex dynamic. A recent surge in Ethereum staking activity at Bitmine, a Fundstrat-backed institutional platform focused on large-scale ETH accumulation and yield strategies, is drawing attention. Just two days ago, Bitmine staked an additional 94,670 ETH, worth approximately $204 million, bringing its total staked holdings above 3 million ETH. This is significant for several reasons. First, staking effectively removes ETH from the circulating supply, tightening liquidity in the spot market. Second, it reflects a long-term conviction strategy, as staked assets are typically locked and aligned with yield generation rather than short-term trading. In the current environment, where selling pressure is increasing, this type of institutional behavior provides a counterbalance. While price action remains uncertain, large-scale staking by entities like Bitmine suggests that some participants are positioning for longer-term upside, even as short-term volatility persists. Bitmine Locks Majority of ETH Holdings as Staking Strategy Deepens Data from CryptoQuant further highlights the scale and intent behind Bitmine’s Ethereum strategy. The platform now holds approximately 3,135,185 ETH staked, representing around $6.75 billion, with 68.22% of its total holdings locked in staking contracts. This level of commitment is notable, as it signals a deliberate shift toward long-term yield generation rather than short-term liquidity management. From a structural perspective, this concentration of staked ETH has direct implications for market dynamics. By locking a significant portion of its holdings, Bitmine is effectively removing supply from the liquid market, contributing to tighter circulating availability. In periods of stable or rising demand, this type of supply constraint can amplify price movements, particularly if broader participation increases. However, the signal is nuanced. While large-scale staking reflects institutional conviction, it also reduces flexibility. Locked positions cannot be quickly redeployed in response to market changes, which suggests confidence in Ethereum’s medium- to long-term outlook. In the current context, where selling pressure is gradually increasing, this behavior stands in contrast to more reactive market participants. It reinforces the idea that while short-term sentiment remains cautious, strategic capital continues to position for structural upside, potentially shaping the next phase of Ethereum’s market cycle. Related Reading: Binance Leads XRP Whale Exodus As 530M Tokens Exit In Single-Day Surge Ethereum Trades in Compression Range as Macro Downtrend Persists Ethereum is currently trading around the $2,000–$2,100 range, consolidating after a sharp decline from the $3,500 region earlier in the cycle. The chart shows a clear loss of bullish structure, with ETH failing to sustain higher highs and instead forming a sequence of lower highs since late 2025. From a higher timeframe perspective, the trend remains structurally bearish. Price remains below the 50-period and 100-period moving averages as the 200-period moving average slopes downward overhead. This alignment reinforces the idea that broader momentum is still negative, with rallies likely to face resistance in the $2,800–$3,200 range. Related Reading: Solana Structure Fractures: Accumulation In Spot Clashes With Derivatives Selling Pressure The recent price action reflects compression rather than expansion. After the February sell-off, ETH has entered a sideways range, with relatively tight price movement compared to prior volatility. This type of consolidation often indicates a temporary balance between buyers and sellers, but within a broader downtrend, it typically resolves in the direction of the prevailing trend unless strong demand emerges. Volume patterns show elevated activity during the initial decline, followed by reduced participation during consolidation, suggesting a lack of aggressive accumulation. In the near term, holding the $2,000 level is critical, while a breakout above $2,300 would be required to challenge the current bearish structure. Featured image from ChatGPT, chart from TradingView.com
Bitmine's total crypto and cash holdings currently stand at $11 billion, and the company owns around 3.9% of Ethereum's circulating supply.
Bitmine Immersion Technologies has continued its aggressive Ethereum accumulation strategy, now holding about 4.66 million ETH, roughly 3.86% of total supply, after adding another 65,341 tokens recently. Its combined crypto, cash, and other investments total approximately $11 billion, with over 3 million ETH staked, earning around $180 million in annualized rewards through staking operations. Bitmine is pushing toward its …
A sudden crypto market rally has sent shockwaves across digital assets, with prices surging within hours after Donald J. Trump signaled a potential easing of geopolitical tensions. Bitcoin price surged more than 4% to reclaim $71,000, marking a sharp breakout from recent consolidation. Ethereum price followed with a similar move to $2,150, while XRP price …
Ethereum is holding above the $2,000 level as selling pressure begins to build again, placing the market at a critical inflection point after a short-lived recovery. While ETH has managed to stabilize above this psychological threshold, recent price action suggests that momentum remains fragile, with sellers gradually regaining control following the latest push higher. Related Reading: Ethereum Exchange Inflows Signal Shift: Whales Reduce Selling Pressure Despite this renewed pressure, underlying on-chain data is signaling an important structural development. According to a CryptoQuant report, whales holding over 100,000 ETH have now returned to a profitable state. This shift is significant, as large holders typically operate with longer investment horizons and tend to influence broader market trends through their positioning. Historically, the transition of major whale cohorts from loss to profit has often coincided with the early stages of new market cycles. These phases tend to mark the end of capitulation periods, where large investors accumulate at lower levels before gradually moving into profit as the price recovers. While whale profitability reflects improving cost basis conditions, it can also introduce potential distribution risk if large holders choose to realize gains. In this context, Ethereum’s ability to maintain support above $2,000 will likely determine whether the market stabilizes or faces renewed downside pressure. Whale Profitability as a Structural Inflection Signal Historical data shows that the loss zones for large Ethereum whales have consistently aligned with broader market bottoms. These phases typically reflect periods of capitulation, where price compresses below the aggregate cost basis of major holders, forcing weaker participants out while stronger hands accumulate. In previous cycles, such conditions have marked the final stages of downside pressure rather than the beginning of prolonged declines. More importantly, the transition from loss to profitability among these large wallets has repeatedly coincided with the early stages of sustained uptrends. Once whales regain a profitable position, market structure tends to shift. Selling pressure from distressed holders diminishes, while confidence among long-term participants begins to rebuild. This creates a more favorable environment for price expansion, particularly if supported by improving liquidity conditions. The current setup appears to be approaching a similar configuration. With whales holding over 100,000 ETH now back in profit, the market may be entering another transitional phase. However, the signal is not self-sufficient. A confirmed uptrend typically requires follow-through in the form of spot demand, capital inflows, and reduced sell-side pressure. In this context, another potential starting point for an uptrend may be forming, but confirmation remains essential. Related Reading: Binance Leads XRP Whale Exodus As 530M Tokens Exit In Single-Day Surge Ethereum Consolidates As Downtrend Remains Intact Ethereum is currently trading near the $2,000–$2,050 range, consolidating after a sharp decline that began in early February. The chart shows a clear breakdown from the $3,000 region, followed by an accelerated sell-off that briefly pushed the price below $1,900 before a modest recovery attempt. From a structural standpoint, ETH remains in a well-defined downtrend. Price continues to trade below the 50-day, 100-day, and 200-day moving averages, all of which are trending downward. This alignment confirms that broader market momentum is still bearish, with rallies likely to encounter resistance at these dynamic levels. Related Reading: Solana Structure Fractures: Accumulation In Spot Clashes With Derivatives Selling Pressure The recent bounce appears corrective rather than impulsive. Price briefly reclaimed the short-term moving average but failed to sustain momentum, indicating weak follow-through from buyers. Additionally, volume patterns show that the most significant spikes occurred during the sell-off phase, suggesting capitulation-driven activity rather than strong accumulation. In the near term, the $2,000 level acts as a key support zone, while the $2,200–$2,300 range represents immediate resistance. A decisive reclaim of this area would be required to shift the short-term structure. Until then, ETH remains vulnerable to further downside, with the risk of revisiting recent lows if selling pressure intensifies. Featured image from ChatGPT, chart from TradingView.com
Markets remain sensitive to Middle East developments, with macro volatility and rate expectations shaping crypto price action.
An Ethereum OG transferred 15,002 ETH, worth about $31 million, to Coinbase and still holds 14,814 ETH, according to Lookonchain.
Ethereum price is facing renewed selling pressure as market sentiment shifts in favor of the bears amid rising geopolitical tensions and rate hike concerns. The broader crypto market has dropped to around $2.35 trillion, with ETH trading near $2,053, down 1.2% over the past 24 hours. The pullback has been largely driven by a wave …
Ethereum may be nearing a major inflection point, according to market analyst Ali Martinez (@alicharts on X), who argues that a confluence of technical structure and on-chain valuation data is beginning to tilt the setup back in bulls’ favor. In a post on X, Martinez said Ethereum is showing signs of a “major structural shift,” pointing to a multi-year ascending triangle on the weekly chart, a recent test of support near $1,800, and a historically significant drop in the MVRV ratio. Taken together, the message was clear: the recent weakness may have looked less like a breakdown and more like a reset inside a larger bullish structure. Ethereum’s Path To $10,000? Martinez framed the chart setup as the backbone of the thesis. “From a technical standpoint, ETH continues to trade within a well-defined ascending triangle on the weekly chart,” he wrote. “The recent move toward $1,800 served as a critical reaction point, aligning with the rising trendline of this multi-year structure.” In other words, the analyst is not treating the bounce as an isolated event. The relevance comes from where it happened: directly at a level he views as structurally important in the context of a long-duration pattern. Related Reading: Ethereum Investor Druckenmiller Predicts Stablecoin-Led Payment Systems That technical argument was paired with an on-chain signal Martinez described as even more consequential. He said Ethereum’s MVRV ratio recently fell below 0.8, a threshold he characterized as a rare valuation reset. “Historically, this is a ‘Generational Buy’ zone. We saw similar resets before the major bull rallies of the past,” he wrote. “The fact that this on-chain reset happened exactly as price tested the triangle’s support adds massive weight to the bullish thesis.” The logic of the call rests on that overlap. A chart support test on its own can invite skepticism, especially after prolonged weakness. But Martinez’ argument is that Ethereum is not only holding a key structural zone; it is doing so while on-chain data suggests the asset has entered an area associated with deep undervaluation in previous cycles. That does not guarantee a trend reversal, but it does sharpen the significance of the current range. Related Reading: Tom Lee Says Ethereum Looks Ready To Exit Crypto Winter He also pointed to a momentum shift on lower timeframes. According to Martinez, the daily Supertrend indicator has now turned green for the first time since May of last year, suggesting the long stretch of consolidation may be giving way to a new directional move. In his telling, the market is moving out of a “sideways grind” and beginning to rebuild upward momentum. From there, Martinez laid out the price levels that could define whether the thesis holds. He identified $2,356 as the first major level Ethereum needs to reclaim, followed by $2,647 and $3,639 as mid-term breakout targets. Beyond that, he marked $4,632 and $5,624 as longer-term expansion zones. The larger prize, however, sits further out. “A sustained move above $2,356 would be our first confirmation that ETH is moving out of ‘accumulation’ and into a true bull market expansion,” he wrote. “If it can clear the previous all-time high region near $4,900, the door opens for a move toward $10,000, as it will signal a breakout of the ascending triangle.” For now, the thesis remains conditional rather than complete. Martinez described the $2,000 to $1,800 range as a “prime accumulation zone,” while adding that the bull market is not “guaranteed” yet. That caveat matters. His case for a durable bottom depends on Ethereum holding the $1,800 floor and then reclaiming higher resistance levels in sequence. If that happens, the current setup could be remembered as an early-stage reaccumulation phase rather than just another bounce inside a broader range. At press time, ETH traded at $2,054. Featured image created with DALL.E, chart from TradingView.com
The crypto market moved lower in the short term, led by Bitcoin, after it broke below a key support level. This decline follows geopolitical tensions linked to U.S. President Donald Trump and Iran. Reports suggested a warning of possible military action within 48 hours, which created uncertainty across global markets. Within minutes of the news, …
Ethereum price started a sharp decline below the $2,220 zone. ETH is now consolidating above $2,020 and might aim for a recovery wave if it climbs above $2,110. Ethereum started a sharp decline below the $2,200 zone. The price is trading below $2,120 and the 100-hourly Simple Moving Average. There are two bearish trend lines forming with resistance at $2,120 and $2,165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,165 resistance. Ethereum Price Turns Red Ethereum price failed to stay above $2,220 and started a fresh decline, like Bitcoin. ETH price declined below $2,150 and $2,120 to enter a short-term bearish zone. The price even spiked below $2,050. A low was formed at $2,025, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. There are also two bearish trend lines forming with resistance at $2,120 and $2,165 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,100 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,025, the price could attempt another increase. Immediate resistance is seen near the $2,080 level. The first key resistance is near the $2,120 level or the 100-hourly Simple Moving Average. The next major resistance is near the $2,165 level and the second trend line. A clear move above the $2,165 resistance might send the price toward the $2,200 resistance or the 50% Fib retracement level of the downward move from the $2,385 swing high to the $2,025 low. 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 $2,250 resistance zone or even $2,300 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,120 resistance, it could start a fresh decline. Initial support on the downside is near the $2,040 level. The first major support sits near the $2,025 zone. A clear move below the $2,025 support might push the price toward the $2,000 support. Any more losses might send the price toward the $1,965 region. The main support could be $1,880. 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 – $2,025 Major Resistance Level – $2,120
Bitcoin, Ethereum and XRP tumbled sharply on Sunday after Iran responded to President Trump’s 48-hour ultimatum not with concessions but with an escalation, vowing to fully close the Strait of Hormuz and strike energy, technology and water infrastructure across the Middle East. With 33 hours remaining on Trump’s deadline, markets are pricing in the very …
Ethereum is trading around the $2,150 level as volatility persists across the broader cryptocurrency market, reflecting a phase of uncertainty following recent price swings. While the asset has managed to stabilize near current levels, momentum remains fragile, with traders closely monitoring whether demand can sustain a recovery or if further downside pressure will emerge. Related Reading: Ethereum Enters High-Leverage Regime As Binance Exposure Crosses 75% Beyond price action, on-chain data is offering a more precise view of market structure. According to CryptoQuant analyst Arab Chain, the Ethereum Exchange Inflow (Top10) metric on Binance provides valuable insight into whale behavior by tracking transfers from the largest wallets to the exchange. The latest data shows that Ethereum was trading near $2,137, maintaining relative stability compared to prior periods of heightened volatility. However, inflows from the top 10 wallets reached approximately 135,573 ETH, a level that remains significantly below previous peaks that exceeded one million ETH. This decline is notable. It suggests a reduction in large-scale transfer activity, indicating that whales are currently less active in moving assets to exchanges. In this context, the data points to a more cautious stance among large investors, potentially reflecting lower selling pressure but also a lack of aggressive repositioning in the current market environment. Whale Inflows Trend Lower as Selling Pressure Moderates The report further refines this view by examining the structure of whale inflows through moving averages, which provide a clearer temporal context for current activity. The EMA (7) stands at approximately 140,265 ETH, while the EMA (14) is slightly higher at 140,853 ETH. Expanding the horizon, the EMA (30) rises to around 151,694 ETH, followed by the EMA (50) at 158,203 ETH, and the EMA (100) at approximately 159,307 ETH. This upward gradient across longer-term averages is structurally meaningful. It indicates that historical inflows were significantly higher, confirming a persistent decline in whale deposit activity over time. In practical terms, large holders were transferring more ETH to exchanges in prior phases, while current behavior reflects a more restrained approach. Importantly, the latest inflow level—around 135,000 ETH—sits below most of these averages. This positioning suggests that immediate selling pressure is relatively subdued, as fewer large-scale deposits are reaching exchanges compared to previous periods. Such conditions are typically associated with reduced distribution intensity. However, the convergence between the short-term averages, particularly EMA 7 and EMA 14, points to near-term stabilization in flows. At the same time, elevated EMA 50 and EMA 100 levels indicate that the market is still normalizing after earlier waves of heavy selling, rather than entering a fully neutral phase. Related Reading: Solana Structure Fractures: Accumulation In Spot Clashes With Derivatives Selling Pressure Ethereum Struggles Below Key Moving Averages as Recovery Attempts Stall Ethereum is currently trading around the $2,150 level, attempting to stabilize after a sharp decline that accelerated in early February. The chart shows a clear breakdown from the $3,000–$3,300 range, followed by a cascade lower that briefly pushed the price below the $2,000 mark before buyers stepped in. From a structural perspective, ETH remains in a downtrend across multiple timeframes. Price is still trading below the 50-day, 100-day, and 200-day moving averages, all of which are sloping downward. This alignment confirms that broader market momentum remains bearish, with rallies likely facing resistance at these dynamic levels. Related Reading: XRP Liquidations Accelerate After $1.50 Breakout: Short Squeeze Unfolds The recent bounce from sub-$2,000 levels suggests short-term relief, but the recovery lacks strong continuation. The rejection near the short-term moving average indicates that buyers are not yet strong enough to reclaim higher levels decisively. Volume analysis supports this view, with the largest spikes occurring during the sell-off phase, pointing to capitulation rather than accumulation. In the near term, the $2,100–$2,200 range acts as a pivot zone. A sustained move above this area could open the door for a test of $2,400. However, failure to hold current levels would likely expose ETH to another retest of the recent lows, keeping downside risks elevated. Featured image from ChatGPT, chart from TradingView.com
Ethereum investor Stanley Druckenmiller has added his voice to the growing conversation around the future of digital finance, predicting that stablecoins could become the dominant force in global payment systems within the next few years. The veteran investor’s outlook reflects a broader shift among institutions and market participants toward viewing blockchain-based money as a critical financial infrastructure. Why Stablecoins Could Replace Traditional Payment Rails Stanley Druckenmiller, a prominent investor with exposure to Ethereum, is increasingly aligning his investment positioning with his outlook on the future of payments; one dominated by stablecoins and blockchain infrastructure. According to the Etherealize post on X, the veteran investor has publicly stated that stablecoins could power the entire payment system within the next 10 to 15 years. He further pointed to the clear advantages of blockchain-based money, such as greater efficiency, faster settlement, and significantly lower costs. Related Reading: Ethereum Remains The Top Network For Tokenized Assets As Adoption Grows This view is reflected in his exposure of the ETH ecosystem, in which Druckenmiller is listed among key backers of BitMine (BMNR), an Ethereum-focused treasury firm chaired by Tom Lee, which reportedly holds over $10 billion in ETH. Other notable supporters include ARK Invest and Bill Miller. Druckenmiller’s aligns with his recent bullish comments on stablecoins and blockchain payments. He frames blockchain and the use of stablecoins as highly practical tools for investors to invest their crypto and tokens, as they can significantly improve financial productivity. Ethereum As A Neutral Settlement Layer For Institutions The recent Cari announcement has reignited a critical debate around the future of institutional blockchain infrastructure, with much of the discussion focusing on architecture. Analyst Alex argued that the real issue lies in the business model of proprietary systems versus open standards. Related Reading: Ethereum Futures Volume Outruns Spot 6-to-1 As Macro Stress Weighs On Crypto The Government of propriety networks like Canton or Tempo will be controlled by a small group with disproportionate voting weight. They will be permissionless, but participants have to submit a Google form with opaque admission criteria to join. It’s unclear who decides this, but over time, the most influential participants will set the terms of access and pricing. From a bank’s perspective, this structure is familiar because it mirrors the early dynamics of legacy systems like SWIFT and Visa, locking in structural advantages while late joiners absorb the cost. As Alex noted, everyone wants to build the next SWIFT-killer, but nobody wants to join someone else’s SWIFT-Killer; a typical comment from banks. This is where Ethereum stands out as the only neutral settlement layer where that dynamic can’t take hold, because no single entity can capture it. The ETH network is the only place where every participant can permanently trust that no future coalition will rewrite the rules against them. From a game-theoretical standpoint, Alex concluded that ETH represents the only sustainable equilibrium as a global settlement layer for institutional finance that works long-term. Featured image from Adobe Stock, chart from Tradingview.com
Tom Lee used a Hong Kong conference stage to argue that Ethereum may be close to a cyclical turn, pointing to historical market analogs and on-chain cost-basis data that, in his view, suggest the selloff has reached exhaustion. Speaking at the 3rd Futu Expo 2026 in Hong Kong on March 13–14, Lee said Bitmine advisor Tom DeMark had identified a striking resemblance between Ethereum’s recent price action and two major S&P 500 declines: the 1987 crash and the 2011 selloff. Lee described the setup as unusually tight. Is The Ethereum Bottom In? “Tom DeMark, he’s a legendary market timer, and he’s provided an analysis to us that says Ethereum, in the last few months, especially since October, is really mirroring what happened to the S&P 500 in 2011 and what happened to the S&P 500 in 1987,” Lee said. “If you were involved in US markets, both times marked major declines in the S&P. Well, according to him, there’s a 93% correlation to what Ethereum’s doing today to what the S&P did in 1987.” Related Reading: Ethereum Enters High-Leverage Regime As Binance Exposure Crosses 75% That comparison is doing a lot of work in Lee’s argument. If the 1987 analog holds, he said, Ethereum would have already bottomed on March 7. If the 2011 comparison is the better fit, the market is bottoming now. In either case, Lee’s conclusion was the same: “So using his analysis, we think we’re at the bottom or exiting the crypto winter now.” He did not leave the case resting on chart symmetry alone. Lee also pointed to Ethereum’s realized price, the on-chain metric that estimates the average acquisition cost of coins based on their last movement on the blockchain. In his telling, that figure now sits at $2,241 for ETH, giving investors a way to judge how deeply underwater the average holder has become. Lee said the pattern at prior lows is revealing. In 2022, Ethereum fell to a 39% discount to realized price. In 2025, the discount reached 21% before ETH turned higher. “Currently, we’re at 22%,” he said, adding that the market is now sitting in roughly the same zone where last year’s reversal began. “So we’re at the level where in 2025, Ethereum started to turn higher.” Related Reading: Bitwise Found What’s Really Driving Ethereum Price, And It’s Not Fundamentals In other words, Lee’s thesis is that Ethereum does not need a pristine macro backdrop or a fresh narrative cycle to stabilize; it only needs to revisit the kind of holder pain that has historically marked exhaustion. By his measure, that threshold is already here. TOM LEE: THE ETHEREUM BOTTOM IS IN ‼️ Bitmine x TOM DEMARK mapped ETH against past S&P 500 crash recoveries. The structure now closely matches 1987 and 2011, both major cycle bottoms. ???? 93% correlation to 1987 ???? Match to 2011 bottom ???? Realized price: $2,241 ???? ETH ~22%… pic.twitter.com/62TZscjChe — BMNR Bullz (@BMNRBullz) March 19, 2026 He also tried to zoom out from the immediate drawdown and re-anchor ETH in a longer time horizon. “Before you lose any hope, keep in mind that over the last 10 years, Ethereum has outperformed every other asset class over the past decade,” Lee said. “In the last 10 years, Ethereum’s return is 49,000%. That means almost 490 times your money.” Lee contrasted that with Bitcoin’s 11,000% gain over the same span and even with Nvidia, which he called “the single best stock in the US,” saying it had returned 65 times investors’ money. At press time, ETH traded at $2,147. Featured image created with DALL.E, chart from TradingView.com
Ethereum, being the second-largest cryptocurrency by market cap, has often drawn a lot of attention as the next in line to replicate Bitcoin’s success. But despite Bitcoin rallying to new all-time highs, Ethereum has stayed below $5,000, unable to hit this major target. This has not deterred investors, however, with analysts still predicting that the Ethereum price will eventually beat the $5,000 mark and rally toward 5-figures in the end. Why Ethereum Price Could Cross $5,000 Following the initial decline from the $4,900 high that was registered back in 2025, the Ethereum price was stuck in an accumulation range. This continued as the price decline deepened and Ethereum fell more than 50% from its all-time highs. However, with the recent turn in the tide, it seems that the digital asset is now emerging out of this accumulation trend. Crypto analyst Javon Marks points this out in an analysis shared on the X (formerly Twitter) platform, showing how this could play out for the cryptocurrency. Related Reading: Analyst Says Ignore The Noise, Dogecoin Is Still In The Game, And This Is Why Presently, the Ethereum price looks to be marking its support above $2,000, and this has set the stage for a bounce-off rally. According to the crypto analyst, this current trend suggests that Ethereum is actually breaking out of the accumulation trend. This, in turn, sets this digital asset on a course toward breaking $4,900. The story doesn’t end there because Marks highlights that the implications of the Ethereum price breaking above $4,900 are very bearish. In the case of a break above this major resistance, then the crypto analyst sees the ETH price eventually rallying to $8,500. Bull patterns that hold in $ETH hints at a push towards the $4,900 levels again and that may only be part of prices exiting a huge accumulation phase. Prices reach those levels and the next we’re looking at is above $8,500. (Ethereum) https://t.co/Ik7znLXZQb — JAVON⚡️MARKS (@JavonTM1) March 17, 2026 Metrics Are Itching For A Surge Besides the price, there has also been a major increase in the Ethereum open interest. Data from the Coinglass website shows a jump from around $25 billion last week to over $32 billion this week. It also coincides with the price increase, suggesting that investors may be coming back to the table. Related Reading: Top Meme Coins That Could Still Surge Despite Dogecoin, Shiba Inu Dominance Also, the daily trading volume is also on the rise, reaching over $89 billion earlier in the week. Following the correction, the daily volume has fallen, but remains above $50 billion, which also indicates a lot of interest coming back into the market. If this trend continues, then the ETH price could continue to surge, but with major resistance lying at $3,000, it remains to be seen if bears will give up totally. Featured image from Dall.E, chart from TradingView.com
Despite the crypto market’s renewed weakness on Thursday, a new AI-driven market model produced by Sam Daodu for 24/7 Wall St. projects higher year-end prices for Bitcoin (BTC), XRP, and Ethereum (ETH). AI Model Sees Bitcoin Rising 42% In 2026 Daodu’s analysis, which used ChatGPT as the modeling engine, places Bitcoin at the top of the trio, forecasting a roughly 42% gain from current levels and a year-end target near $105,000. Related Reading: Sen. Lummis Predicts Crypto Market Structure Markup In April, Senate Passage By Year-End The AI model identified institutional demand and exchange-traded funds (ETFs) as the primary catalysts for its Bitcoin prediction. The model also identified BTC’s tightened supply as a potential catalyst. The latest Halving reduced daily issuance from 900 BTC to 450 BTC, cutting the annual inflation rate to 0.83%. This week, combined with ETF buying and large holders, institutional purchases outpaced miner issuance, creating a demand-supply imbalance that the model cited as a main reason for ranking Bitcoin first. XRP To Hit $2 By Year-End XRP ranked second in the AI’s predictions, with an expected return of approximately 32% and a year-end price near $2.00. ChatGPT noted the regulatory clarity provided by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which classified the altcoin as a commodity. This classification is expected to reduce a major barrier to institutional participation. The AI model also interpreted XRP’s most recent price breakout above the key $1.5 level as bullish, noting that sustained gains can move holders toward break-even positions and reduce selling pressure. However, the model highlighted a critical limitation: regulatory clarity has not yet translated into meaningful institutional demand for XRP, as ETF flows experienced $28 million in net outflows last week. In short, substantial institutional buying will be required for XRP to reach its predicted price point by the end of the year. ChatGPT Forecasts Modest ETH Rally Ethereum ranked third, with a comparatively modest forecast of about 20% upside to roughly $2,800 by year-end. ChatGPT argued that, despite Ethereum’s developer ecosystem and extensive infrastructure, the token faces the weakest near-term demand picture among the three major assets. A key reason is migration of activity to layer-2 (L2) networks—Base, Arbitrum (ARB), and Optimism (OP) now handle a large share of user transactions because of lower fees. Related Reading: XRP Price Projections Soar To $15-$30 On CLARITY Act Prospects And Bank Adoption That shift has reportedly compressed fee revenue on Ethereum’s base layer; weekly fees recently averaged about $2.3 million compared with peak weekly fees near $30 million. With fees now close to zero, burning has effectively stalled, and ETH’s supply is growing slightly rather than contracting. ChatGPT concluded that, until fee revenue rebounds or institutional flows reverse, Ethereum’s price will have to prove itself on other fundamentals. At the time of writing, Bitcoin was trading at $70,600, marking a 1% loss within the last 24 hours. XRP has seen a similar decline of 0.9%, but it is still holding onto gains of 6% recorded over the past week while trading at around $1.45 per token. Surprisingly, Ethereum has outperformed Bitcoin during this period as well, with gains of 4.2%. However, over the past 24 hours, the market’s leading altcoin has retraced 2.3%, reaching approximately $2,148, according to CoinGecko data. Featured image from OpenArt, chart from TradingView.com
Ethereum has slipped into a valuation range that some on-chain analysts associate with major long-term bottoms, after ETH fell below its realized price for the first time in two years. Via X, renowned crypto analyst Ali Martinez argued on Thursday the setup now resembles prior cycle lows. Ethereum Drops Into MVRV Buy Zone In a post on X, the analyst wrote: “Ethereum has entered a generational ‘Buy Zone.’ The MVRV Ratio, which measures the gap between market price and average investor cost basis, has just dropped into the 0.8 – 1.0 range. Historically, this ‘fair value’ reset has been the precursor to massive structural bull rallies.” That framing rests on a familiar on-chain logic. When MVRV falls toward or below 1.0, spot price is converging with, or moving under, the aggregate on-chain cost basis of holders. In practical terms, the market is no longer pricing Ethereum at the rich premium seen during euphoric phases. Instead, it is testing a zone where prior cycles have exhausted sellers and attracted longer-duration buyers. Related Reading: Ethereum Holds Above $2,300 As Open Interest Expansion Reinforces Uptrend Stability Martinez paired that argument with a chart showing previous rebounds from the same region. The historical moves cited from this “Buy Zone” were substantial: roughly 150%, 5,390%, 130%, 280% and 250%. The implication was explicit. “On-chain data suggests Ethereum is approaching a long-term bottom. For those with a 12-24 month horizon, the accumulation window is officially open!” Glassnode posted a similar signal last week, though in more restrained terms. “ETH has dropped below its realized price for the first time in 2 years – signaling that the average investor is now holding an unrealized loss,” the firm wrote on March 11. It added two key metrics alongside the chart: Realized Price at $2,058.04 and MVRV: 0.93 (7% unrealized loss). Related Reading: Bitwise Found What’s Really Driving Ethereum Price, And It’s Not Fundamentals Those numbers sharpen the broader thesis. A realized price of $2,058.04 against a market price of $1,917.86 means Ethereum was trading below the average on-chain acquisition cost tracked by Glassnode’s model. An MVRV of 0.93 suggests the typical holder, in aggregate, is down about 7% on paper. That does not guarantee a bottom, but it does indicate a phase where speculative excess has already been largely unwound. In overheated markets, MVRV expands as price runs well above the network’s realized cost basis, often reflecting crowded profits and rising distribution risk. In contrast, sub-1.0 readings tend to appear when conviction is weak, sentiment is damaged, and marginal sellers have already absorbed a large part of the decline. That is why analysts often treat the zone as strategically important even if price action remains volatile in the short term. At press time, ETH rebounded above realized price again and traded at $2,139. Featured image created with DALL.E, chart from TradingView.com
Ethereum price started a sharp decline from the $2,385 zone. ETH is now consolidating above $2,100 and might aim for a recovery wave if it climbs above $2,200. Ethereum started a sharp decline below the $2,320 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There was a break below a major bullish trend line with support at $2,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,200 zone. Ethereum Price Takes Hit Ethereum price failed to stay above $2,320 and started a fresh decline, like Bitcoin. ETH price declined below $2,250 and $2,200 to enter a short-term bearish zone. There was a break below a major bullish trend line with support at $2,160 on the hourly chart of ETH/USD. The pair even spiked below $2,120. A low was formed at $2,100, and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $2,385 swing high to the $2,100 low. Ethereum price is now trading below $2,200 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 $2,165 level. The first key resistance is near the $2,200 level and the 100-hourly Simple Moving Average. The next major resistance is near the $2,240 level or the 50% Fib retracement level of the recent decline from the $2,385 swing high to the $2,100 low. A clear move above the $2,240 resistance might send the price toward the $2,275 resistance. An upside break above the $2,275 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,320 resistance zone or even $2,385 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,200 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 $2,060 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 bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,120 Major Resistance Level – $2,200
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ethereum is trading above the $2,150 level after pulling back from recent highs near $2,380 reached earlier this week, reflecting a cooling phase following a short-term surge in bullish momentum. The retrace suggests that while buyers were able to push prices higher, follow-through demand remains limited as the market digests recent gains. Related Reading: XRP Liquidations Accelerate After $1.50 Breakout: Short Squeeze Unfolds Beneath the surface, derivatives data is revealing a more consequential shift in market structure. According to a CryptoQuant analysis, Ethereum leverage on Binance has not only recovered from the October 10 market-wide deleveraging event, but has now expanded to new highs. Notably, Binance stands out as the only major exchange where leverage metrics have fully surpassed previous levels, signaling a concentrated buildup of risk. This development carries important implications. The rapid re-expansion of leverage suggests that traders are once again increasing exposure through derivatives, reinforcing Binance’s role as the primary venue for ETH positioning. More importantly, it indicates that price discovery is increasingly being driven by leveraged activity rather than spot demand. In this context, Ethereum’s current structure reflects a market where momentum is still present, but increasingly dependent on derivatives-driven flows rather than organic accumulation. Leverage Dominates Ethereum’s Market Structure The analysis highlights a critical shift in Ethereum’s derivatives landscape. The Estimated Leverage Ratio (ELR)—which measures open interest relative to exchange reserves—shows that over 75% of ETH exposure on Binance is now leveraged. At the same time, Binance holds approximately 3% of the total ETH supply, around 3.4 million ETH, underscoring the exchange’s central role in price formation. What stands out is the speed of this leverage expansion. Rapid gains and minimal consolidation suggest that derivatives activity, not sustained spot demand, drove much of Ethereum’s recent upside. This creates a structurally different market environment. Leverage-driven markets tend to behave asymmetrically. While they can extend trends aggressively in the short term, they also become increasingly fragile as positioning builds. Crowded trades emerge, where even minor catalysts—whether macro, technical, or liquidity-driven—can trigger liquidation cascades and sharp reversals. In this context, the signal is unambiguous: leverage is leading the move, not confirming it. While this dynamic can support continuation in the near term, it also elevates the probability of sudden volatility spikes. Related Reading: Ethereum Holds Above $2,300 As Open Interest Expansion Reinforces Uptrend Stability Ethereum Struggles to Reclaim Structure After Breakdown Ethereum’s daily chart shows a fragile recovery attempt following a decisive breakdown below key support levels, with price currently hovering around the $2,150–$2,200 region. The sharp decline in early February marked a clear loss of structure, as ETH fell below its 200-day moving average, confirming a shift from bullish to corrective conditions. Since that breakdown, price has been attempting to stabilize, forming a short-term base between $1,900 and $2,200. The recent bounce toward $2,300 indicates some return of demand, but the move lacks strong continuation, suggesting that buyers are still cautious. Related Reading: Ethereum Whales Step In: $33M ETH Withdrawn From Exchanges In Hours Technically, Ethereum remains below all major moving averages, which are now sloping downward and acting as dynamic resistance. The rejection near the short-term averages reinforces the idea that the market is still in a bearish or transitional phase, rather than a confirmed recovery. Volume patterns add further context. The initial selloff was accompanied by a significant spike in volume, indicative of forced liquidations, while the subsequent recovery has occurred on relatively lower participation—pointing to limited conviction behind the bounce. For Ethereum to regain momentum, a sustained reclaim of the $2,300–$2,500 zone is required. Until then, price action remains vulnerable to further downside pressure. Featured image from ChatGPT, chart from TradingView.com
A recent rebound in the Ethereum price has brought renewed focus to an analyst who accurately identified its local bottom. With price now recovering sharply from that region, the same market watcher has outlined the next key levels that could determine Ethereum’s direction in the coming weeks. Ethereum Price Breakdown To Reversal Confirms Analyst’s Call Ethereum’s earlier decline unfolded through a series of failed bullish structures, gradually weakening confidence in the uptrend. The first sign of trouble emerged when a bullish flag pattern broke down near the $3,700 level, cutting short expectations of continuation. This was followed by a more decisive shift as an ascending triangle failed, leading to a breakdown below the $3,000 support zone. Related Reading: Why Bitcoin Price Could Stage A Stronger Rally Than Previous Bull Markets As the Ethereum price moved lower into the $2,000–$1,850 range, the analyst highlighted $1,800 as a critical level to watch. According to him, holding that level would likely trigger a recovery toward $2,650, while losing it could expose a deeper move toward $1,300, identified as a stronger accumulation zone. Price action ultimately respected the bullish scenario. Ethereum stabilized within the $1,800–$1,900 range, where buying pressure emerged and formed a base. From there, the market began to recover, delivering a gain of roughly 28% from the entry zone identified by the analyst. Building on that accuracy, Ethereum reclaimed previously resistant levels. The analyst noted a bearish flag near $2,150 that eventually broke, signaling a short-term momentum shift. A move above $2,300 further strengthened the recovery, showing buyers were regaining control. The market’s trajectory ultimately confirmed the analyst’s call, proving his forecast precise and reliable. Ethereum Builds On Accurate Call With FVG Target And $3,000 Test Ahead Attention has now shifted to a target identified by the analyst as the next likely area of interest: the Fair Value Gap (FVG) between $2,474 and $2,734. The analyst highlights this zone as a potential point where Ethereum may revisit before making a more decisive move. According to him, a push above the upper boundary—particularly past $2,634—would increase the likelihood of a test toward $3,000. Related Reading: Bitcoin And US Election Cycles: An Age-Long Romance That Says $400,000 Is Possible That level is expected to act as a key decision point. While the recovery has been strong, overhead resistance remains, including prior support zones that have turned into resistance and a descending trendline visible on the chart. These factors suggest that any move into $3,000 will be closely contested. At the same time, the analyst maintains that holding above $1,750 is essential to preserving the current uptrend. A break below that level could weaken the structure and reintroduce downside risk. By closely tracking price action, the analyst outlines what to expect next: a clear progression from breakdown to accumulation, now moving toward a potential expansion phase as Ethereum approaches its next major test. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst CrypFlow has revealed that the signal that started the last 2 altcoin seasons has returned. The analyst pointed to bullish indicators of the ‘Others’ chart against Bitcoin, which signal that capital may be flowing to lower-capped tokens. Signal Points To Another Altcoin Season as Capital Flows From Bitcoin In an X post, CrypFlow stated that the signal that started the last two altcoin seasons is forming again. He explained that every major altcoin expansion has started the same way, with the others/Bitcoin chart breaking out of a falling wedge, and that then the Squeeze Momentum turns green. Related Reading: Expert Says There Will Be No Altcoin Season In 2026, Here’s Why The analyst remarked that when these two indicators align, altcoins start to massively outperform Bitcoin, as seen during the 2017 and 2021 altcoin seasons. However, he noted that this cycle was different as the Squeeze Momentum stayed red for years after the 2021 bull cycle peak. CrypFlow noted that this meant a prolonged Bitcoin dominance, with no real altcoin season happening since the last one in 2021. That could change soon, though, as the others/BTC chart has broken out of another multi-year falling wedge and momentum is rising again. The analyst added that if the Squeeze Momentum flips green, the same conditions that triggered previous altcoin seasons could return. CrypFlow also mentioned that when that happens, the biggest moves usually start when nobody expects them. Blockchain Center data shows that it is not yet altcoin season, with the index currently at 49. The altcoin season index needs to hit 75 to be classified as an altcoin season, with 75% of the top 50 coins by market cap outperforming Bitcoin during that period. Bitcoin continues to lead the way at the moment, with altcoins mirroring its price action. Notably, BTC’s dominance is currently at 58%, a level it has maintained since the start of the year. Crypto analyst Javon Marks also echoed CrypFlow’s sentiment, noting that similarities and macro trends in altcoin setups continue to point to altcoin season being in its early stages. Another Sign That Points To An Altcoin Season In an X post, crypto analyst CW revealed that Ethereum is forming an 8-year-long convergence and will break through it during this bull market. The analyst declared that this altcoin season will be at the level of the 2017 cycle, not the 2021 cycle. “Investors do not remember how strong the 2017 altcoin season. The 2026 Alt Season will be stronger than 2021,” he added. Related Reading: The 8-Year Ethereum Convergence That Says An Altcoin Season Stronger Than 2021 Is Coming Amid predictions of an imminent altcoin season, market expert Benjamin Cowen has suggested that the focus should be on Bitcoin. In an X post, he said that over time, everything in the cryptoverse eventually bleeds back to Bitcoin. He added that after people have engineered all sorts of different things, but that after a cycle or two, it all just bleeds “back to the king.” Featured image from Pixabay, chart from Tradingview.com
Amundi launched the $100 million Spiko Amundi Overnight Swap Fund on Ethereum and Stellar with Chainlink support.
Canton developers said supporting programming languages outside of its native Daml could open the network to a wider pool of developers.