THE LATEST CRYPTO NEWS

As most of the crypto market retests crucial levels, Ethereum (ETH) is attempting to reclaim a major horizontal area. Some market observers have warned that cryptocurrency could fall to new lows if the price doesn’t bounce soon. Related Reading: LayerZero (ZRO) Soars 40% Amid Zero Blockchain Debut, Major Institutional Backing Ethereum Weekly Close On Sight On Thursday, Ethereum dropped 1.4% to retest a key area for the second consecutive day. After hitting a 10-month low of $1,747, the King of Altcoins bounced more than 15% to trade between $2,000 and $2,150 over the past few days. However, the second-largest cryptocurrency by market cap failed to hold the crucial $2,000 horizontal barrier on Wednesday and tested the $1,900 mark for the first time in a week. After attempting to reclaim the key psychological level in the early hours of Thursday, Ethereum was rejected toward the recent lows, briefly falling below it. Analyst Ted Pillows highlighted the importance of ETH’s current zone, as it has previously triggered major moves. To him, if the altcoin fails to reclaim the $2,000 area in the coming days, a full retrace toward the recent lows should be expected soon. Similarly, market observer Crypto Busy noted that the cryptocurrency is currently trading above a major long-term support. According to the post, the recent correction has sent Ethereum toward a three-year rising support line, which “will decide the next big move.” The analyst warned that “If the trendline breaks with strong weekly closes below $1,900, the structure weakens.” Therefore, ETH must hold its current levels in the coming days to avoid a weekly close below this level. Otherwise, its price could drop “into the next liquidity pockets around $1,600 and possibly $1,300, where the next historical support zones exist.” Is ETH’s ‘Real’ Bull Market Two Years Away? Trader AlejandroXBT shared a potential macro-outlook for Ethereum that suggests the cryptocurrency could still see another major shakeout: My thesis is that the major bullish move that began around 2019–2020 has transitioned into a large and prolonged macro correction, and that Ethereum has been consolidating within this broader corrective structure ever since. He outlined four phases for the macro structure: the pump, the correction, the shakeout, and the moon. The initial phase, which occurred between 2019 and 2021, marked “the true impulsive bullish move,” with strong trend expansion and increasing momentum. According to the market observer, the strong rally that followed the 2022 bear market appears to be a “counter-trend move within a broader corrective range” rather than a renewed bull market and the start of a new long-term cycle. As he explained, ETH’s range-bound behavior signals distribution and consolidation instead of continuation. “From this perspective, the apparent bull market that developed within the correction can be interpreted as a dead cat bounce, a technically strong bounce occurring inside a larger corrective structure,” he affirmed. Related Reading: XRP Positioned For Major Structure Shift As Price Tests Critical Level Therefore, the current macro structure would suggest that a final shakeout phase could “still be required to fully reset sentiment and liquidity before Ethereum can transition into a new impulsive bullish cycle.” Based on this, the trader anticipated a final liquidity-driven move to the downside in the coming months, followed by “the moon” phase, potentially next year, when “the structure suggests the conditions for a true long-term bullish continuation, with price discovery and expansion well beyond previous highs.” Featured Image from Unsplash.com, Chart from TradingView.com

Standard Chartered lowered its long-term outlook for Bitcoin (BTC) for the second time in less than three months as the cryptocurrency market appears to have entered a new bearish cycle. With the leading cryptocurrency currently consolidating below the key $70,000 level, the bank now warns that the asset could fall as low as $50,000 before staging a recovery. Standard Chartered Cuts Bitcoin Target to $100,000 In a note published Thursday, Geoff Kendrick, Standard Chartered’s head of digital assets research, said the bank now expects Bitcoin to reach $100,000 by the end of 2026.  The latest figure marks a significant reduction from its previous $150,000 projection for BTC. The revision follows an earlier downgrade in December, when the bank cut its target from an ambitious $300,000. Related Reading: Is Bitcoin Already Pricing A US Recession? Analyst Sees Major Risk‑Reward Setup According to Bloomberg’s report on the matter, the bank’s more cautious stance reflects a combination of weakening macroeconomic conditions and shifting investor behavior, especially over the past month’s downtrend. The leading cryptocurrency has declined more than 40% from its October peak toward current trading prices of around $67,160, while the US spot Bitcoin exchange‑traded funds (ETFs) sector has seen nearly $8 billion in net outflows.  Kendrick noted that slowing US economic momentum and reduced expectations for Federal Reserve (Fed) rate cuts have weighed heavily on digital assets. In particular, declining ETF holdings have removed what had been a critical source of demand during previous rallies. The interest‑rate environment remains a central concern. Markets have pushed back expectations for Federal Reserve easing, with investors now anticipating that the first rate cut may come later in the year than previously thought.  Kendrick also pointed to uncertainty surrounding future Federal Reserve leadership as an additional factor contributing to Bitcoin caution. The bank warned that deteriorating macro conditions and the risk of further investor capitulation could continue to pressure prices in the near term. Ethereum Could Drop To $1,400 Despite the more conservative Bitcoin forecasts, Standard Chartered emphasized that the current downturn appears more orderly than previous crypto market collapses.  Kendrick highlighted that on‑chain activity data continues to show improvement, suggesting that underlying network usage remains healthy.  Related Reading: UNI Rallies 10% As BlackRock Brings Treasury‑Backed BUIDL Token To Uniswap Moreover, the bank’s head of research highlighted that the market has not experienced the type of high‑profile platform failures that defined the 2022 cycle, when the collapses of Terra/Luna and FTX triggered widespread contagion. The bank also revised its outlook for Ethereum (ETH). Its 2026 price target for the second‑largest cryptocurrency was reduced to $4,000 from $7,500. Before reaching that level, analysts expect Ether could fall to around $1,400.  Featured image from OpenArt, chart from TradingView.com 

Ethereum is attempting to stabilize after its recent pullback, but the recovery so far lacks convincing strength. With price rejecting key levels and higher-timeframe risks still looming, ETH finds itself at a critical decision point where the next structural move could define the short-term trend. No 5-Wave Breakout, No Confirmation For Ethereum Yet Ethereum continues to trade in a technically vulnerable zone. According to More Crypto Online,  until the market prints a clear five-wave impulsive structure to the upside, or at a minimum breaks decisively above the weekend high, the probability of further downside under the outlined “orange scenario” remains elevated. Without that confirmation, the broader risk profile has not materially improved. Related Reading: Ethereum Libra Formation In Play: ETH’s Next Big Move Could Be Loading The bounce from last week’s low, while noticeable, still carries a weak and corrective appearance. Momentum has not expanded in a way that would typically signal the start of a sustainable bullish reversal. Instead, the structure so far suggests a potential counter-trend move within a larger bearish or sideways framework. That said, the current area on the chart is technically significant. Following the recent liquidation-driven decline, the price has reached a zone where markets often attempt to stabilize. Sharp flushes can sometimes mark exhaustion points, making it reasonable to stay alert for early reversal signals,  particularly if sentiment has become overly pessimistic. However, as More Crypto Online emphasizes, anticipation is not confirmation. The micro-structure now becomes critical. Only a shift toward impulsive upside behavior or a clear break of key resistance levels would validate a meaningful low. $2,100 Rejection Signals Resistance Flip Charting the daily timeframe for Ethereum, Luca, a market expert and investor, noted that while price has managed to bounce on the lower timeframes, the recovery has already faced rejection at a key former support zone around $2,100, highlighted in purple. This level previously acted as support but was lost during the recent decline, turning it into resistance on the way back up. Related Reading: Ethereum Price Closes Sub-$2,000 Support As Crypto Rout Intensifies The inability to reclaim that range signals that upside momentum remains fragile. Until Ethereum can decisively flip the $2,100 area back into support, Luca believes the structure continues to favor caution rather than calling for a confirmed bottom. As a result, the more probable path in his view is a continuation lower toward the higher-timeframe support zone marked in green. That area aligns with the early-April bottoming formation and could provide a stronger foundation for a more sustainable bullish reversal attempt. Given this outlook, Luca explained that he is maintaining hedges on lower timeframes to manage downside exposure. Until clear strength emerges and key levels are reclaimed, protecting capital remains the priority. Featured image from Getty Images, chart from Tradingview.com

Ethereum is increasingly positioning itself at the intersection of blockchain and artificial intelligence (AI), with growing discussions around its potential to become the default network for AI development. As AI systems demand secure data verification, ETH’s programmable smart contracts and robust ecosystem offer a compelling foundation. Its ability to provide trustless execution, decentralized data markets, and verifiable computation could address some of the biggest challenges facing modern AI. Why Ethereum’s Cryptographic Advantage In AI Development Ethereum co-founder Vitalik Buterin has outlined a clear vision for positioning ETH as the leading platform for artificial intelligence development. According to BSCN’s recent post, Vitalik has argued on X that ETH should lead AI innovation rather than copying others by focusing on zero-knowledge (ZK) privacy payments and reputation systems. Related Reading: Vitalik Reframes Ethereum L2 Strategy as ETF Inflows Return and Mainnet Scaling Accelerates In response to comments from ETH’s AI leadership post, Vitalik urged developers to consider building a fundamentally better solution rather than merely rebranding existing concepts. Vitalik emphasized that developers should do something fundamentally better by combining technology improvement in ZK, a privacy-preserving payments system, and on-chain reputation. If executed correctly, this approach could position ETH as the default platform for next-generation AI development with meaningful technology improvements. Ethereum has taken a major step toward building the foundation for autonomous AI systems, with 13,000 AI agents registered on the network in a single day, followed by the launch of ERC-8004, which went live on mainnet. Crypto analyst Teng Yan noted that the new standard allows AI agents to establish portable on-chain identities and build verifiable trust layers. However, the surge was mostly coordinated bulk onboarding, and most of the newly registered AI agents have claimed identities but are not yet active, which is normal for early infrastructure development. The real signal will emerge as reputation updates that are climbing. Recursion As Both A Scaling Tool And A Security Risk The Ethereum Foundation is releasing detailed requirements for the zero-knowledge virtual machine (zkVM) architecture whitepaper, a document to be delivered in three milestones. The Founder of ABDK Consulting, Dmitry Khovratovich, emphasized that modern zkVMs are not monolithic circuits. Instead, they consist of multiple interconnected components, including segmentation, buses, memory structures, and recursion. Related Reading: SEAL and Ethereum Foundation Partner to Combat Wallet Drainers: Security-First Investors Switch to $BMIC Each component may be secure on its own, but the overall reliability of this system-level security depends on how they interact and function together. As a result, the whitepaper will address both architectural details and the broader security arguments supporting the recursive proof structure. The Ethereum Foundation expects the final version of the documentation to be completed by December 2026 alongside the release of zkVM proofs, which are projected to be approximately 300 kilobytes (KB) in size while maintaining a 128-bit provable security level. Featured image from Getty Images, chart from Tradingview.com

Ethereum whales have continued to accumulate despite the current downtrend in the ETH price, providing a bullish outlook for the second-largest crypto by market cap. Notably, ETH withdrawals from exchanges recently reached their highest level since October last year, totaling over $400 million.  Ethereum Whales Accelerate Withdrawals From Exchanges Crypto analyst Arab Chain noted in a CryptoQuant analysis that rising Ethereum withdrawals from exchanges have reached their highest level since October. The analyst noted that the exchange netflow data over the past few days indicates a clear acceleration in withdrawal activity. This signals a shift in Ethereum whales’ behavior as demand outpaces supply.  Related Reading: Can Ethereum Price Still Hit $7,600 In 2026? Here Are The Odds Arab Chain revealed that across all exchanges, the net Ethereum outflows have exceeded 220,000 ETH, marking the highest level of withdrawals since October last year. This suggests that Ethereum whales are moving their coins to private wallets or long-term storage protocols, a move that the analyst noted is often associated with accumulation phases or risk-reduction behavior.  Notably, daily net outflows on Binance reached nearly 158,000 ETH on February 5, the largest since August last year. Arab Chain stated that this confirms that a substantial portion of the recent outflows has been concentrated on the exchange with the deepest liquidity. From a price perspective, the analyst noted that the Ethereum whale accumulation coincided with ETH trading near the $1,800 to $2,000 range.  Therefore, these Ethereum whales may see these levels as attractive zones for holding or repositioning amid this crypto market downtrend. Arab Chain added that the continued outflow of ETH from exchanges at this scale reduces immediate selling pressure and could provide near-term support for the ETH price, especially if the market gains momentum again.  Ethereum Staking Hits New High According to Token Terminal, Ethereum staking has surpassed 30% of the total supply, marking a new all-time high (ATH) in terms of staking ratio. Market commentator The Milk Road noted that this means that 36.8 million ETH, around $72 billion, is now locked up, with almost 1 million validators securing the network.  Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? The Milk Road further described this development as a sign of conviction in the Ethereum ecosystem, noting that these whales are willing to lock up $74 billion during a market downtrend. Notably, the staking exit queue is around 4.1 million ETH, which the market commentator remarked is nothing compared to what is currently staked.  Interestingly, it also takes about 72 days to stake ETH at the moment, with staking demand at a new high. Meanwhile, the Milk Road also noted that the obvious impact is a significant supply restriction, which is a bullish catalyst for the ETH price.  At the time of writing, the Ethereum price is trading at around $1,965, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Ethereum has slipped below the key $2,000 level again, reflecting renewed selling pressure across the broader crypto market. The move places ETH back in a technically fragile zone, where sentiment tends to deteriorate quickly as traders reassess risk exposure and liquidity conditions tighten. Related Reading: Bitcoin Drop Wipes Billions From Recent Buyers: New Whale Cost Basis Falls Toward $90K A recent CryptoQuant report provides additional context by analyzing so-called “accumulating addresses,” a specific class of wallets designed to isolate long-term conviction holders. These addresses show no history of outflows, have received at least 100 ETH in their latest inflow, recorded multiple inbound transactions, maintain balances above 100 ETH, and have remained active over the past seven years while excluding exchanges, miners, and smart contract wallets. According to the report, these accumulation addresses now hold roughly 27 million ETH, representing about 23% of the circulating supply. This concentration suggests that a significant share of Ethereum remains in strong hands despite recent volatility. Still, persistent selling pressure below $2,000 highlights the market’s sensitivity to macro conditions, leverage dynamics, and shifting capital flows, leaving Ethereum at a critical inflection point in the near term. Whether buyers defend this area or allow further downside will likely shape sentiment, volatility expectations, and short-term positioning across the Ethereum derivatives and spot markets. Ethereum Trades Below Accumulating Address Realized Price Ethereum’s recent price action gains additional context from the same CryptoQuant analysis. It highlights how ETH is currently trading relative to the Realized Price of accumulating addresses. This metric reflects the average acquisition cost of long-term conviction holders — wallets that consistently receive ETH without distributing it back to the market. Historically, trading below this level has been rare and often associated with periods of elevated stress. According to the report, ETH has traded below the Realized Price of these accumulating addresses only twice over the past nine years. The first occurrence happened during the 2025 cycle low. A time when broad market weakness and liquidity contraction pushed prices into deep discount territory. The second instance has been unfolding since January 2026. Suggesting that current market conditions are again testing long-term holder cost bases. From a structural standpoint, this type of deviation can carry two interpretations. It may signal capitulation and undervaluation, where weak hands exit while stronger investors accumulate. Alternatively, prolonged trading below realized cost levels can reflect persistent macro headwinds, subdued demand, or leverage unwinds delaying recovery. Related Reading: Ethereum Holders Shift To Self-Custody As Market Consolidates Near $2K Price Action Showing Weakness Ethereum’s price action continues to show structural weakness on the weekly chart, with ETH recently losing the psychological $2,000 level after failing to hold above its key moving averages. The break below this zone places the price back under the mid-cycle support area that previously acted as both accumulation and breakout territory. ETH remains below the shorter-term weekly moving average. The longer-term trend lines appear to be flattening, reflecting slowing momentum rather than clear trend continuation. Volume patterns also suggest distribution, with recent selloffs accompanied by rising activity, typically associated with risk reduction and position unwinding. Related Reading: Ethereum Supply on Exchanges Mirrors 2016 Levels: What Happens Next? Historically, similar setups have preceded either extended consolidation phases or deeper corrective moves. It usually depends largely on broader liquidity conditions and macro risk appetite. If buyers fail to reclaim the $2,000 region quickly, downside targets could shift toward previous high-volume nodes near the $1,600–$1,700 range. Where historical demand previously emerged. Conversely, a decisive recovery above that level would improve sentiment. And would also suggest the recent move was primarily a leverage-driven flush rather than the start of a broader structural downtrend for Ethereum in this cycle. Until then, price action likely remains sensitive to macro liquidity shifts and derivatives market positioning dynamics overall. Featured image from ChatGPT, chart from TradingView.com 

Ethereum’s outlook for 2026 has become increasingly contested after the most recent downturn in the entire crypto market. Earlier this year, research from Standard Chartered suggested that Ethereum could end 2026 near $7,500, a target that implies significant upside from current levels. However, recent price action, with ETH languishing around $2,000 and lacking clear bullish momentum, puts such projections against a very different realistic outlook. Standard Chartered’s Ethereum Long-Term View In a January research note, Standard Chartered’s digital assets team trimmed its medium-term outlook for Ethereum while keeping a highly optimistic vision for the years ahead. The bank now sees ether closing 2026 near $7,500, down from an earlier forecast of around $12,000, and expects the asset to climb to $15,000 in 2027, $22,000 in 2028, and eventually $40,000 by the end of 2030.  Related Reading: Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says According to the note, the change is due to weak performance from Bitcoin dragging broader dollar-denominated crypto valuations, even as the bank pointed to Ethereum’s strengths in stablecoins, decentralized finance, and tokenized assets as positives to hold on to. In the research note, digital assets analyst Geoff Kendrick noted that 2026 is important not just for price but also for Ethereum’s performance relative to bitcoin. Therefore, the most important thing for gains is a rebound in the ETH/BTC ratio to levels last seen in 2021. The Odds – Current Price Action Against Bullish Case The path from roughly $2,000 to the mid-$7,000s looks very tough compared to what it was at the start of the year. This, in turn, has seen the odds of the Ethereum price reaching $7,500 reduce drastically. Ethereum started 2026 on a good foot, with a rally to $3,370 in the first two weeks of the year. Notably, it failed to sustain this rally and has since fallen by about 40% in the past 30 days. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? As it stands, Ethereum is now trading around $2,000, and the price has repeatedly failed to close convincingly above the $2,100-$2,150 zone in recent sessions. Although the leading altcoin is now back to trading above $2,000 after a break below during last week’s sell-offs, bulls are yet to establish any control of price momentum. On-chain data also shows the transfer activity surrounding Ethereum is pointing to elevated stress conditions. Fortunately for bullish traders, it is still too early in the year to rule out the possibility of Ethereum trading at $7,500 in 2026. Several things would need to change for an outcome close to Standard Chartered’s 2026 estimate to become plausible. One of them is the return of demand and steady inflows into Spot Ethereum ETFs. At the time of writing, Ethereum is trading at $2,025. Right now, the cryptocurrency needs to clear the $2,150 resistance and hold above it in order to continue the steady push up.  Featured image from Pxfuel, chart from Tradingview.com

Ethereum is holding above the $2,000 level as the market enters a consolidation phase following several days of intense selling pressure that forced prices sharply lower. While volatility has eased slightly, sentiment remains fragile as investors assess whether the recent decline represents a temporary correction or the early stage of a broader bearish cycle. Against this backdrop, new on-chain data is drawing attention to an unusual divergence between price behavior and network activity. Related Reading: Bitcoin At $65K: Market Cycle Indicator Points To Possible Bottom Zone A recent CryptoQuant report highlights that the Ethereum network is experiencing a substantial increase in token transfers even as prices struggle to recover. According to the analysis, as Ethereum corrected from roughly $3,000 down to the $2,000 region, on-chain activity accelerated rather than declined. Specifically, the 14-day moving average of total tokens transferred surged from about 1.6 million on January 29 to approximately 2.75 million by February 7. This represents the highest level observed since August 2025. Such a rapid rise in transfer volume during a price downturn often signals heightened stress in the market. It can reflect repositioning, forced liquidations, or large-scale portfolio adjustments. Although not a definitive capitulation signal on its own, the data suggests that underlying market dynamics remain tense, making the coming sessions particularly important for confirming Ethereum’s next directional move. Transfer Activity Signals Stress Rather Than Immediate Recovery The report indicates that the recent spike in ERC-20 token transfers reflects elevated stress conditions rather than organic network growth. During sharp price declines, increased token movement typically suggests panic-driven repositioning. Investors often rotate from volatile assets into stablecoins or move funds toward exchanges, preparing for liquidation or defensive portfolio adjustments. This behavioral shift tends to amplify short-term volatility and reinforces downward momentum. From a historical perspective, abrupt surges in transfer velocity during bearish phases frequently coincide with capitulation dynamics. Rapid increases in on-chain activity can signal that weaker market participants are exiting positions under pressure. Such “flush” phases compress selling into a short window, allowing the market to absorb excess supply more quickly than during gradual declines. Part of the current activity likely originates from decentralized finance mechanisms. Because the metric tracks token transfers broadly, a share of the increase probably reflects forced liquidations, collateral rebalancing, and automated risk management processes across DeFi lending and derivatives protocols. These cascades can intensify price swings even without new fundamental catalysts. Sentiment appears dominated by caution. Historically, when token transfer activity spikes sharply during downtrends, it sometimes precedes stabilization phases. While not a definitive bottom signal, this pattern often suggests that intense selling pressure may be approaching exhaustion. Related Reading: Binance SAFU Fund Adds 3,600 Bitcoin ($233M) As Market Faces Pressure Ethereum Tests Key Support As Momentum Weakens Ethereum’s weekly chart shows sustained downside pressure after failing to hold the $3,000 region, with price now hovering just above the $2,000 level. This zone has become a critical psychological and structural support, especially as recent candles reflect increasing volatility and sharp rejection from higher levels. The market appears to be transitioning from a corrective pullback into a broader consolidation phase, though downside risks remain evident. Technically, ETH is trading below major moving averages, with shorter-term averages trending downward and beginning to cross beneath longer-term ones. This configuration typically signals weakening momentum and suggests that buyers have not yet regained control. The 200-week moving average, currently near the mid-$2,000 range, may act as a pivotal reference level. Sustained trading below it would likely reinforce bearish sentiment. Related Reading: Bitcoin Short-Term Holders Deep In Loss: MVRV Signals Capitulation Phase Recent spikes in selling volume correspond with rapid price declines, indicating distribution rather than accumulation. Historically, such volume expansions during downtrends often precede either capitulation lows or extended sideways consolidation. From a structural standpoint, reclaiming the $2,400–$2,600 range would be necessary to stabilize momentum. Conversely, a decisive break below $2,000 could expose lower historical support zones, potentially accelerating volatility as leveraged positions unwind further. Featured image from ChatGPT, chart from TradingView.com 

The cryptocurrency industry went under intense pressure last week, with Bitcoin and Ethereum leading the crash and multiple cryptocurrencies hitting new multi-month lows. The crash was more pronounced with Bitcoin, though, and the imbalance in selling pressure is quietly shifting the relationship between the two assets.  The interesting imbalance is relayed in Ethereum’s performance relative to Bitcoin. A technical analysis of the ETH/BTC ratio shared on the social media platform X by Jonathan Carter indicates that Ethereum may be approaching a critical breakout point against Bitcoin, following an extended period of compression on the 2-week candlestick timeframe chart. Long-Term Triangle On The Verge Of Break According to technical analysis of the ETH/BTC 2-week chart, Ethereum is nearing an important point against Bitcoin after years of consolidation beneath a descending trendline. This long-running pattern originates from a major peak in relative valuation in July 2017, when 1 ETH was worth 0.154 BTC in Bitcoin terms, and has since formed a series of lower highs to form a falling resistance trendline. The lower boundary of this pattern is a long-tested support zone around 0.02 that has repeatedly drawn buying interest for Ethereum in relation to Bitcoin. Related Reading: Ethereum Price Is Not Going To Keep Falling Forever, Analyst Says At the time of writing, the ETH/BTC ratio is trading around 0.030. However, the most recent 2-week candlestick has flipped green, and this development is important to the bullish outlook of Ethereum’s performance against Bitcoin. The bullish projection is based on a full playout of the green candlestick with a push towards the descending triangle’s resistance trendline. If the pair can convincingly break above the descending triangle’s upper trend boundary with sustained momentum, then this would allow Ethereum to enter a phase of sustained outperformance against Bitcoin. How High Could ETH/BTC Go If A Breakout Happens? Crypto analyst Jonathan Carter outlined a series of potential upside targets should the ETH/BTC pair break free from its downward trend. The first target is around 0.040 BTC, which would represent a clear departure from the compressed range seen across recent months. If momentum continues, higher potential objectives include 0.060, 0.085, 0.105, 0.124, and all the way up to the 2017 peak of 0.154. Related Reading: Here’s Why The Bitcoin And Ethereum Prices Are Still Trading Sideways Translating these ratio-based targets into absolute price levels is less straightforward, as the projections are based on Ethereum’s performance relative to Bitcoin and not standalone price moves. Such a performance can happen in two major ways: either Ethereum receives more inflows than Bitcoin, or Bitcoin could crash more than Ethereum during a market-wide correction. The former scenario would most likely translate into a sustained rotation into Ethereum and the wider altcoin market, setting the stage for an altcoin season. Nonetheless, both scenarios will see the otherwise strong Bitcoin dominance dropping massively. Featured image from Pixabay, chart from Tradingview.com

Ethereum is quietly setting up for a potentially decisive move as the Libra formation remains active on the weekly chart. While confirmation is still pending, the structure has not been invalidated, keeping the upside scenario firmly on the table. With key resistance levels overhead and momentum beginning to stabilize, ETH may be entering a critical phase where the next major directional move starts to take shape. Weekly Libra Formation Keeps The Bullish Case Alive On the X platform, Kamile Uray highlighted that Ethereum is currently forming a Libra pattern on the weekly chart. With the weekly candle yet to close and no invalidation so far, the bullish formation remains active and continues to be a valid scenario. Related Reading: Ethereum Bulls Must Conquer $3,050 Or Momentum Quickly Fades According to the update, confirmation of a reversal would open the door for a move toward the $4,956 high, but the price may face notable resistance along the way, particularly around the $3,445 level. Kamile Uray noted that a daily close above $2,475 would serve as the first technical signal that upside momentum is strengthening and that the recovery could continue. Failure to sustain movement above this area could delay further progress and keep the price vulnerable to pullbacks. Since the Libra formation is developing on the weekly timeframe, the pattern would only be considered invalid if Ethereum breaks below the $1,388 low, underscoring the broader, long-term nature of the setup. Ethereum Stretches Higher At $2,086 After A Sharp 22% Run According to Can Özsüer, Ethereum is currently trading around $2,086, marking a strong rally from the $1,730 area. From that level to the current price, ETH has surged roughly 22% without a meaningful correction, which increases the likelihood of short-term profit-taking. After such a sharp move, light selling pressure typically emerges as the market cools off. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? Can Özsüer notes that any selling from this region is expected to remain controlled rather than aggressive. The ideal pullback zone lies between $1,950 and $2,000, where the price could reset without damaging the broader bullish structure. A dip into this range would be considered healthy and could set the stage for the next leg higher. Once that corrective move plays out, the next upside objective comes in around the $2,200 level. However, if price pushes straight toward the target without offering a pullback, the strategy would need adjustment. In that scenario, chasing a long position becomes less attractive, as a stronger selling wave could follow once the target is reached. If a correction does materialize, Can Özsüer suggests that a long position on the pullback would be the preferred approach. Featured image from Pixabay, chart from Tradingview.com

Recent on-chain data has shown that Vitalik Buterin’s withdrawal of 16,384 Ethereum has sparked renewed debate around the ETH distribution and founder intent. While large wallet movements often trigger speculation, this transfer aligns with a long-standing reality of the ETH development model, and the network is largely self-funded by its founders and ecosystem contributors. Ethereum founder Vitalik Buterin’s recent withdrawal and sale of 16,384 ETH was not a market signal, but a deliberate funding decision. The Ethereum Daily revealed on X that the ETH was withdrawn to personally finance open-source initiatives aimed at building a secure, verifiable, and open full stack of software and hardware. How This Impacts ETH’s Supply And Market Perception These efforts span a wide range of critical technologies, including privacy-preserving systems. Examples are zero-knowledge proofs (ZK), fully homomorphic encryption (FHE), and differential privacy, as well as secure hardware, encrypted messaging apps, local-first software, opening systems, finance, communication, governance tools, and even biotech and public health research. Related Reading: Ethereum Active Addresses Near All-Time High Despite Price Plunge Vitalik framed this move within the broader context of the ETH Foundation’s strategy to reduce costs and refocus basics to ensure long-term stability. At the same time, they’re pushing ETH forward with improved scaling and greater decentralization, and offering users full control over their data and assets. According to Materkel, an Ethereum decentralization maxi, the statement, “the last five years were a mistake” from some former ETH maximalists, was a complete misconception. ETH is actively transitioning into a rollup-centric architecture, which means the last several years of research and development were not wasted.  ETH is profiting from every second of effort invested in research and the work surrounding rollups, particularly in areas like ZKVMs, which would not be nearly where they are today without the ETH rollup-centric roadmap. As outlined in Vitalik Buterin’s early writings, this trajectory was always the intended endgame for Layer 1 scaling. The alternative approaches would have been a subpar solution.  Related Reading: Ethereum Faces High-Stakes Moment at $2,200 as Whale Longs Clash With Bearish Flow Data Currently, ETH has reached the point where it can unify the rollup ecosystem through native rollups and synchronous composability. However, the rollups remain the future of scaling, and ETH is positioned to serve as their primary issuance and settlement layer and security anchor, at the heart of the robust ecosystem. Ethereum As The Operating System Of The Internet Economy The Ether Machine has noted that Ethereum functions as the operating system for a new internet-native economy. Rather than existing solely as a digital asset, ETH operates as a self-sustaining economic system where applications drive demand, network activity generates fees that capture value, and staking provides the security that powers global financial settlement. Featured image from Getty Images, chart from Tradingview.com

Ethereum (ETH) has continued to decline alongside the rest of the crypto market, dropping over 9% in the daily timeframe and reaching new lows. As the cryptocurrency loses a “do-or-die” level, some analysts have expressed concern about ETH’s near-term future. Related Reading: Solana Eyes Deeper Correction As Bearish Pattern Confirmation Targets $40 Ethereum Correction Targets $1,500 On Thursday, Ethereum, the second-largest cryptocurrency by market capitalization, reached an eight-month low of $1,934 after dropping below the psychological $2,000 barrier for the first time since May. The cryptocurrency has traded between $2,100 and $4,400 over the past two years, moving between the upper and lower boundaries of its macro range throughout the cycle and only losing its crucial support during the Q1-Q2 2025 market correction. In the past five months, ETH’s price has declined by over 60% from its August all-time high (ATH) of $4,956, raising concerns about the cryptocurrency’s short- and mid-term performance. In an X post, market observer Daan Crypto Trades stated that the “overall price action has been awful this cycle, but the levels have been very clean” on Ethereum’s chart. “These horizontal areas are all you need to be watching for the Ethereum price, in my opinion,” he wrote. “Break one, target the next. Works both ways, obviously.” Based on this, the trader highlighted the lower half of the altcoin’s macro range, where it has been trading for half of the cycle. If Ethereum is unable to reclaim $2,000-$2,100 soon, then the price would likely retest the $1,800 area. “That’s the breakout level from before the large rally driven primarily by Tom Lee/Bitmine,” he pointed out. Similarly, Altcoin Sherpa suggested that Ethereum is in a similar “do-or-die region” like Bitcoin (BTC). To the analyst, ETH’s chart “looks bleak” after losing the 200-Week Exponential Moving Average (EMA), adding that if it officially loses the $2,000 barrier, the altcoin will likely move to the April 2025 lows, located around the $1,400-$1,500 range. ETH Crash Drags Investors Notably, Ethereum liquidations, funds, and large-scale investors have taken a hit amid the recent price action. According to online reports, the unrealized losses of BitMine, the second-largest crypto treasury in the world, have significantly grown over the last couple of days. As reported by NewsBTC, the crypto treasury company’s unrealized losses had risen to $6.6 billion by Monday, leaving the Ethereum treasury company “on track to become the 5th-largest documented principal trading loss in history if sold.” In BitMine’s latest update, the firm’s chairman, Tom Lee, reiterated BitMine’s confidence in the cryptocurrency and its fundamentals despite the recent price action and broader market correction. “We view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance,” Lee asserted. Nonetheless, Ethereum’s drop below $2,000 has pushed BitMine’s unrealized losses to over $8 billion. Related Reading: BNB Chain Metrics Show Strong Performance As BNB Price Retests ‘Do Or Die’ Level Spot ETH exchange-traded funds (ETFs) also performed negatively over the past day, with the category bleeding nearly $80 million on Wednesday, and total net outflows of $68 million during the first three trading days of the week. Meanwhile, Ethereum liquidations have hit $326.6 million over the past 24 hours, according to CoinGlass data. The data shows that around $245.5 million comes from long ETH positions, with nearly half of the total value wiped out just in the last four hours. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum (ETH) is entering a new phase in which long-held assumptions about scaling are being openly questioned. As spot Ethereum ETFs post their first net inflows after several days of outflows, and on-chain data shows renewed activity on the mainnet, Ethereum co-founder Vitalik Buterin is urging the ecosystem to rethink the role of layer-2 networks. Related Reading: Standard Chartered Cuts 2026 Solana Prediction To $250, Eyes $2,000 By 2030 Vitalik’s message is direct, Ethereum’s base layer is scaling fast enough that L2s are no longer essential as capacity providers, and their future value lies elsewhere. ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Ethereum Mainnet Scaling Changes the L2 Narrative In recent statements, Buterin said Ethereum’s original rollup-centric roadmap no longer reflects current conditions. Gas limit increases and protocol upgrades have expanded Layer 1 throughput while reducing fees, making direct mainnet usage more attractive. Data shows monthly active addresses on Ethereum L1 rising sharply, even as aggregate L2 usage has declined. This shift undermines the idea that L2s act as “Ethereum shards” that inherit full security and censorship resistance from the base layer. Many L2s have struggled to reach advanced levels of decentralization, often retaining centralized controls for operational or regulatory reasons. According to Buterin, a high-throughput chain connected via a multisig bridge does not scale Ethereum itself, because the trust assumptions differ. As Ethereum scales directly, L2s are no longer required to provide basic block space. That change, Buterin argues, should free developers from having to force L2s into a single definition. A Spectrum of L2 Designs and Native Rollups Rather than abandoning L2s, Buterin is reframing them as a spectrum. Some may be tightly secured by Ethereum, others may be partially connected, and some may be effectively independent systems that interoperate with Ethereum when needed. Transparency around trust and security guarantees is central to this approach. On the protocol side, Buterin highlighted progress toward native rollups. A proposed rollup precompile would allow Ethereum to verify zero-knowledge EVM proofs at the protocol level. Because it would be part of Ethereum itself, upgrades and bug fixes would be handled through normal network upgrades, reducing reliance on external governance structures and simplifying interoperability. ETF Inflows and Market Context The strategic pivot comes as institutional signals improve. Ethereum spot ETFs recorded a net inflow of about $14 million, led by BlackRock’s ETHA fund, marking a reversal after recent outflows. While short-term price action remains volatile, the return of ETF inflows suggests continued interest in Ethereum as its base layer strengthens. Related Reading: Bitcoin Drop Below $80,000 May Not Be The Final Capitulation Event, Checkonchain Says For L2 builders, the message is clear. Competing solely on lower fees is no longer enough. Future relevance will depend on specialization, whether through privacy-focused execution, application-specific chains, ultra-low-latency systems, or non-financial use cases such as identity and AI. Cover image from ChatGPT, ETHUSD chart on Tradingview

Ethereum has seen a sharp sell-off that sent the price straight into a major demand zone near $2,150, which is now acting as the market’s last line of defense. Whether buyers step in here or fail to hold the line could determine if this move becomes a temporary liquidity flush or the start of a deeper trend shift. ETH Loses Key Support As Short-Term Momentum Turns Bearish Michael Van De Poppe noted that Ethereum has slipped below a crucial support zone, signaling increased short-term pressure. On the lower timeframes, price action has turned clearly bearish. However, zooming out to the higher timeframes, the broader structure remains intact, with ETH still trading within a larger uptrend. Related Reading: Ethereum Price Recovery Runs Into A Wall, Decline Risk Returns He pointed out that Ethereum likely marked its cycle low back in April 2025, suggesting the current weakness may be corrective rather than the start of a sustained bearish phase. At this stage, ETH appears to be searching for a higher-timeframe support level that could act as a base for a renewed move to the upside. Van de Poppe highlighted the 0.025–0.0265 BTC region as a key support zone on the ETH/BTC pair. Importantly, the recent correction has already retraced more than half of the move toward this level, increasing the likelihood that demand could step in around that range. On the upside, he added that a recovery above the 0.0325 BTC level. While less likely in the near term, it would be a strong signal that bullish momentum has returned and a continuation of the broader uptrend. Despite ongoing volatility, Van de Poppe remains confident that Ethereum will significantly outperform Bitcoin over time. Thus, he will continue to accumulate ETH at these levels. Sharp Sell-Off Drives Ethereum Into Major Demand Near $2,150 In a more recent update, Dami-DeFi pointed out that Ethereum failed to hold the rising support line near the $2,800 level, which he had previously identified as critical. This breakdown was confirmed on the daily timeframe, triggering a sharp sell-off that pushed the price swiftly into the next major demand zone around $2,150. Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? If buyers manage to defend this level, the recent drop could be interpreted as a liquidity sweep followed by a market reset, rather than the start of a deeper downtrend. In that case, price action would likely shift into a choppy consolidation phase, with ETH rebuilding structure between $2,150 and $2,700. According to Dami-DeFi, a meaningful bullish shift only comes into play if Ethereum can reclaim $2,700 and then establish acceptance above $2,850. Until those levels are recovered and held, any upside attempts are likely to remain corrective, with the market still focused on whether demand can firmly step in at current levels. Featured image from Pxfuel, chart from Tradingview.com

Ethereum has come under intense selling pressure, recording a sharp 28% decline since last Friday as the price decisively lost the $3,000 psychological level. What initially appeared to be a controlled pullback quickly escalated into one of the most aggressive downside moves seen in recent months, reflecting a sudden shift in market sentiment and risk appetite across the crypto space. Related Reading: Bitcoin Miner Fees Remain Near Cycle Lows: What Does This Signal? On January 31st, the Ethereum market experienced a major capitulation event. ETH collapsed from above $3,000 to the $2,350 zone in a matter of hours, marking one of the steepest single-day corrections of this cycle. The speed and magnitude of the move suggest forced selling rather than orderly distribution. As price accelerated lower, a dense cluster of stop-loss orders and liquidations was triggered, amplifying downside momentum and overwhelming bid-side liquidity. This rapid breakdown erased weeks of bullish positioning almost instantly. Traders who had positioned for continuation above $3,000 were caught offside. Leading to a broad reset in derivatives exposure and sentiment. The psychological impact of losing such a widely watched level further intensified the sell-off, reinforcing risk-off behavior across both spot and futures markets. As Ethereum stabilizes below former support, investors are now reassessing whether this move represents a temporary washout or the early stages of a deeper corrective phase. The coming sessions will be critical in determining whether demand can re-emerge after this violent reset. Market-Wide Deleveraging Resets Ethereum’s Derivatives Landscape A CryptoQuant analyst explains that recent on-chain data confirms the Ethereum sell-off was driven by a market-wide leverage flush rather than organic spot distribution. According to the Ethereum Long Liquidations (All Exchanges) chart, total liquidated long positions surged to approximately $485 million, marking the second-largest liquidation event since October 10th. These spikes force a reset of the derivatives market by rapidly unwinding over-leveraged positions following an extended period of risk buildup. However, a closer look reveals an important divergence. When cross-referencing global liquidation data with the Binance (All Symbols) chart, Binance recorded only around $40 million in long liquidations during the same move. This means Binance accounted for less than 10% of total global liquidations. Despite being one of the largest derivatives venues by volume. This imbalance indicates that other exchanges concentrated excessive leverage and aggressive risk-taking, triggering far more severe liquidation cascades. This discrepancy implies that traders on Binance were either less overextended or employed stricter risk management. Allowing them to withstand the sharp downside move more effectively. In contrast, other platforms bore the brunt of forced deleveraging. From a broader perspective, this type of long squeeze tends to purge speculative excess. While painful for bullish positioning, it often sets the stage for stabilization as the market searches for a new equilibrium. Monitoring open interest and funding rates outside Binance will be critical, as the core drivers of volatility clearly originated beyond its ecosystem. Related Reading: Ethereum Trades At A Historical Accumulation Level: Can Bulls Hold $2,600 Price Breaks Down as Bearish Momentum Accelerates Ethereum’s price structure has deteriorated sharply, and the chart highlights how decisively the market has shifted into a bearish regime. After failing multiple times to reclaim the $3,000–$3,200 zone, ETH broke down aggressively, slicing through former support levels with little resistance. The recent move below $2,400 marks a clear expansion of downside momentum rather than a controlled pullback. From a trend perspective, ETH is trading well below its short- and medium-term moving averages, with the 50-day and 100-day MAs now acting as dynamic resistance. The downward-turning slope of these averages reinforces the likelihood that sellers will target rallies rather than extend them. The 200-day moving average, sitting much higher, confirms that the broader structure has shifted away from a bullish trend. Related Reading: XRP Risk-Adjusted Returns Signal Consolidation Rather Than Trend Formation – Details Volume behavior adds another layer of concern. The sell-off toward the $2,300 area was accompanied by elevated volume, signaling forced selling and capitulation rather than organic distribution. This trend aligns with recent liquidation data and indicates that the market aggressively flushed out leverage. In the short term, the $2,300–$2,200 zone is a critical area to watch. It represents the first meaningful support after the breakdown. A failure to stabilize here would open the door to deeper retracements. The chart suggests the path of least resistance remains to the downside. Featured image from ChatGPT, chart from TradingView.com 

The Ethereum price has been under intense bearish pressure over the past few weeks, reflecting the overall fragile state of the cryptocurrency market. The altcoin lost nearly 20% of its value in the past week, free-falling under the psychological $3,000 level since Thursday, January 29th.  With the market still showing signs of further downside risk, there is no telling how deep the Ethereum price will fall in the current bearish setup. However, the latest on-chain data has offered insights into the next critical levels for the second-largest cryptocurrency. ETH’s Next Support Stands At $2,475: Glassnode In a recent post on the X platform, crypto analyst Ali Martinez identified the next three on-chain support levels for the Ethereum price. This on-chain evaluation revolves around the UTXO Realized Price Distribution (URPD) metric, which helps to pinpoint strong resistance and support levels based on investor cost bases. Related Reading: Ripple’s David Schwartz Shuts Down Claims Of XRP Hitting $100 For context, an investor’s cost basis refers to the actual price at which they purchased a particular cryptocurrency (Ethereum, in this scenario). Typically, the ability of a price level to function as an on-chain support or resistance zone depends on the number of investors who have their cost basis at the given level.  As inferred earlier, the UTXO Realized Price Distribution tracks the amount of a particular cryptocurrency that was acquired at a specific price level. Now, the price levels below the present spot value with significant trading activity are often considered as major support zones, as shown in the chart below. The reasoning behind this expectation is that investors with their cost bases around these price levels are likely to double down on their positions and purchase more coins. This increased buying activity will, hence, offer a cushion for the Ethereum price to stay afloat and potentially bounce back. Highlighting data from Glassnode, Martinez identified the $2,623, $2,475, and $1,881 levels as the next crucial support zones for the Ethereum price after losing the $2,772 mark. However, it appears that the altcoin’s price has also lost the $2,623 and $2,475 support following its latest decline over the weekend. Ethereum Price Overview As of this writing, the price of ETH stands at around $2,410, reflecting an over 10% decline in the past 24 hours. With this latest decline, the altcoin’s price seems to be hovering around the support cushion at around $2,475. If ETH’s stay below this support level is sustained, investors could see the Ethereum price fall to as low as $1,881. A fall of this magnitude would represent a 25% decline from the current price point and an over 60% correction from the cycle high. Related Reading: Ethereum Boost: Vitalik Buterin Sets Aside $45M In ETH For Privacy And Open Tech Featured image from iStock, chart from TradingView

Ethereum is trading at a critical juncture as buyers continue to defend the $2,600 support zone, attempting to stabilize the price after recent volatility. While this level is keeping short-term downside in check, broader market pressure and weakening structure leave bears watching closely for a potential breakdown that could open the door to a deeper macro pullback. $2,600 Holds As Key Support On Ethereum 6H Chart On X, Can Özsüer highlighted that Ethereum is currently holding above the $2,600 support zone on the 6-hour chart, a level that has so far provided a solid base for price action. As long as ETH continues to defend this area and avoids a clear candle close below it, the broader structure remains constructive for a potential upside attempt. Related Reading: Ethereum Stalls In A Critical Zone As Breakout Structures Wait For Confirmation With support intact, the analyst pointed to a recovery toward $3,050, followed by a possible move into the $3,150 region. These zones are seen as logical reaction levels where price may either consolidate or face temporary resistance if buying momentum gradually strengthens. However, for Ethereum to unlock a more meaningful bullish continuation, Özsüer stated it must reclaim $3,350, referred to as box number two on the chart. A decisive close above this level, backed by strong volume, would open the door for higher price exploration. If ETH fails to break through that resistance, it could cap price and trigger another wave of selling. In that case, a deeper pullback toward the $2,400–$2,100 support range becomes a real possibility. Özsüer also shared that he has already taken a long position based on the $2,600 support on the 1-hour chart and is monitoring price closely, with plans to add to the position depending on how momentum develops. Loss Of $2,710 Targets The $2,620 Swing Low According to crypto analyst Ardi, Ethereum is currently sitting in a make-or-break area, with $2,710 standing out as a crucial short-term support level. A clean loss of this zone would likely accelerate downside pressure, placing the $2,620 swing low firmly in focus as the next area where liquidity could be tested. Related Reading: Ethereum Chart Turns Bullish: New Cycle Energy Points To $5,000 Ardi emphasized that the $2,450 region serves as the primary line of defense for the broader market structure. Holding this level would be essential to prevent a deeper structural breakdown, as a sustained move below it could push Ethereum into a far more vulnerable technical position. Compounding the downside risk, ETH/BTC remains in a strong downtrend, highlighting Ethereum’s ongoing underperformance relative to Bitcoin. This relative weakness suggests that volatility could stay elevated in the coming sessions, making the environment increasingly unstable for ETH holders. Featured image from Pexels, chart from Tradingview.com

Ethereum has slipped below the $3,000 level, extending a period of fragile price action as the broader crypto market remains cautious. While spot prices continue to struggle with overhead resistance, on-chain data points to a notable divergence between market sentiment and long-term positioning. According to data from Arkham, Bitmine has staked an additional 250,912 ETH—worth roughly $745 million—over the past 18 hours, adding to an already substantial locked position. Related Reading: Ethereum Leverage Remains At Record High: What Happens Next? This move brings renewed attention to the behavior of large, well-capitalized players during periods of price weakness. Staking activity of this magnitude suggests that some participants are prioritizing yield generation and long-term exposure over short-term price fluctuations. Rather than distributing holdings into market rallies, these entities are choosing to remove supply from circulation, tightening liquid availability while accepting reduced flexibility. The contrast is notable. Ethereum’s price is trading below a key psychological threshold, yet capital continues to flow into staking contracts at scale. This dynamic highlights the growing structural role of Ethereum’s proof-of-stake model, where investment decisions are increasingly driven by network participation and cash-flow–like returns, not only price appreciation. As Ethereum consolidates below $3,000, the key question is whether sustained staking demand can offset weak spot momentum, or if price will need to stabilize further before confidence returns across the broader market. Large-Scale Staking Tightens Liquid Ethereum Supply According to data from Arkham, Bitmine has now staked a total of 2,582,963 ETH, valued at approximately $7.67 billion. This represents about 61% of its total Ethereum holdings, a level that underscores how aggressively large holders are committing capital to long-term network participation rather than maintaining liquid exposure. This behavior is particularly notable given the current market context. Ethereum remains below the $3,000 level, volatility is elevated, and leverage metrics suggest fragile positioning among short-term traders. Despite this, Bitmine’s decision to stake a majority of its ETH indicates a clear preference for yield generation and balance-sheet efficiency over tactical trading. Staking effectively removes ETH from active circulation, tightening the available supply and capping sell-side pressure from these large wallets. At the same time, Ethereum balances held on exchanges have continued to trend lower, reinforcing the picture of constrained liquid supply. While declining exchange balances do not guarantee upward price movement, they do suggest that fewer coins are readily available to meet sudden sell demand. In this environment, price action becomes more sensitive to marginal flows, particularly during periods of stress or renewed demand. The combination of large-scale staking and shrinking exchange reserves points to a market where long-term holders are locking in exposure. Even as short-term sentiment remains cautious. Whether this structural tightening of supply translates into price support will depend on broader risk conditions and the return of sustained spot demand. Related Reading: OKX Launches Crypto Payment Card Across the European Economic Area ETH Consolidates Below Key Moving Averages Ethereum’s price action reflects a market caught between weakening momentum and an attempt to stabilize after a prolonged correction. On the daily chart, ETH is trading near the $2,900–$3,000 zone, a level that has acted as both psychological support and a pivot area in recent weeks. The rejection from higher levels earlier in the quarter confirmed a clear sequence of lower highs, keeping the broader structure tilted to the downside. From a trend perspective, ETH remains below its key moving averages. The 50-day average has rolled over and sits above the price. Reinforcing short-term bearish pressure, while the 100-day average continues to slope downward. Acting as dynamic resistance near the $3,200–$3,300 area. The 200-day moving average is still rising but flattening. Is positioned higher and signals that long-term trend support has not yet been reclaimed. Until ETH can close decisively above the 50- and 100-day averages, upside attempts are likely to remain corrective rather than impulsive. Related Reading: Bitcoin Derivatives Pressure Hits 30-Day Extreme, Price Refuses To Break Volume dynamics add context to this consolidation. Selling pressure during the latest pullback was notable but not extreme, suggesting distribution rather than panic. Since then, volume has contracted, consistent with a market entering a compression phase. This points to indecision rather than aggressive accumulation. Overall, ETH is consolidating below major resistance while holding a fragile support band near $2,800–$2,900. A sustained loss of this zone would expose downside risk. While any recovery requires a reclaim of key moving averages to shift the structure toward stabilization. Featured image from ChatGPT, chart from TradingView.com 

Crypto liquidations topped $1 billion as leveraged long positions were flushed during the slide and the market cap dropped below $3 trillion.

The Bitcoin and Ethereum prices rallied after reports of the US dollar crashing spread across the market. Recent data show that the US dollar has fallen to its lowest level in four years, raising concerns about the strength of the world’s dominant reserve currency. As the dollar weakens, market players are beginning to shift attention to alternative assets such as precious metals and digital currencies, including BTC, which is increasingly viewed as a potential hedge against rising inflation and currency depreciation.  US Dollar Falls To Lows Not Seen In 4 Years New reports from Bloomberg highlight the relentless slide in the US dollar index (DXY) over recent weeks, with the price tumbling further after President Donald Trump’s comments on the currency’s performance. Sources reveal that Trump said the dollar is “doing great,” despite its ongoing downturn.  Related Reading: Analyst Says Chainlink Price Could Crash 50% If This Level Fails Traders interpreted the President’s seemingly indifferent response to the declining dollar as a signal that the slide could continue, triggering further selling pressure. Data from the web-based stock market research platform Finviz shows that, as of writing, the US dollar index has crashed to 95.92 from a previous level near 100. This marks its weakest level in nearly four years, specifically since 2022.  Additionally, Bloomberg reported that its Dollar Spot Index also recorded its lowest four-day decline since Trump announced new tariffs in April 2025. Traders in the $9.5 trillion per-day currency markets are also increasingly betting that the dollar could decline further, as US policy risks weigh on the world’s primary reserve currency.  Amidst the decline in the US dollar index, cryptocurrencies like Bitcoin and Ethereum are posting gains. BTC’s price rose above $89,000, while Ethereum has climbed more than 3% to reach above $3,000, in the past 24 hours. This simultaneous rally in cryptocurrencies alongside the weakening US dollar suggests that investors may be shifting capital to risk-on assets.  Market analyst ‘Master of Crypto’ recently outlined several reasons behind the continued decline in the weakening US dollar in a post on X. He explained that large budget deficits, the FED’s challenge of balancing inflation control with job market stability, steady bond supply, and FX hedging activities are keeping the US dollar near recent lows. According to him, in this type of market environment, holding idle cash becomes a significant risk for investors.  Related Reading: Here’s How Much XRP Ripple Execs Have Dumped So Far Possible Implications For The Bitcoin And Ethereum Price Historically, periods of US dollar weakness have often coincided with rallies in Bitcoin, and other cryptocurrencies. When the dollar declines, investors sometimes seek alternative assets to preserve value. This can increase demand for Bitcoin and Ethereum, which are viewed by many as alternative stores of value and risk-on assets.  While this correlation is not a clear indication of a potential cryptocurrency rally, analysts like ‘Milk Road Macro’ suggest that the declining dollar could help support a broader crypto market recovery. He said that as the dollar weakens, capital will flow into precious metals like gold and silver. Soon after, this same capital is expected to rotate into BTC, potentially fueling a price rebound.  Featured image created with Dall.E, chart from Tradingview.com

A Glassnode analyst has pointed out how Ethereum is retesting a dense supply cluster that could set the tone for where the cryptocurrency heads next. Ethereum Is Trading At A Dense Level On The CBD In a new post on X, Glassnode analyst Chris Beamish has talked about how Ethereum is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an on-chain indicator that tells us about the total amount of ETH that investors last purchased at the various levels that the cryptocurrency has visited in its history. Related Reading: Bitcoin Social Interest Fades As Retail Chases Gold, Silver Hype Below is the chart shared by Beamish that shows the CBD heatmap for Ethereum. As is visible in the graph, Ethereum’s bottom in November gave rise to a dense supply cluster on the CBD around the $2,750 level. Interestingly, the zone has since acted as a support barrier for the asset multiple times. The explanation behind this trend could lie in investor psychology. Generally, investors are sensitive to a retest of their cost basis since it can lead to a flip in their profit-loss balance. As such, they can be likely to show some kind of move when one takes place. When the retest is occurring from above, the holders might react by accumulating more in order to defend their break-even level. This is the pattern that has potentially been witnessed since the November bottom. From the chart, it’s apparent that Ethereum retested the $2,750 supply zone twice in December and both times, the asset was able to rebound. Recently, a third retest has taken place and so far, the support has held, but it only remains to be seen how long the coin will maintain above it. “Holding here suggests absorption and base building, but a breakdown would move price into thinner support where underwater supply may derisk,” explained the analyst. Usually, regions where a large amount of supply shares a cost basis tend to act as notable sources of support/resistance. The $2,750 cluster might fall in this category, but that doesn’t make it unbreachable. “Next move hinges on this level,” noted Beamish. Related Reading: Stablecoin Market Cap Drops By $7 Billion—What It Means For Bitcoin In some other news, Ethereum has witnessed a decline in transaction fees recently, as highlighted by Glassnode in an X post. Following this drawdown, the transaction fees on the Ethereum blockchain has fallen to its lowest level since May 2017, a potential indication that network activity has gone down. ETH Price At the time of writing, Ethereum is trading around $2,950, down 1.5% over the last week. Featured image from Dall-E, chart from TradingView.com

The Ethereum price has struggled to regain momentum amid a persistent downtrend. After closing the last four months in the red, the world’s second-largest cryptocurrency is showing no signs of relief in January 2026. On-chain data shows that Ethereum’s current trajectory mirrors past cycle downturns, raising the possibility of further price declines and prolonged bearish sentiment.  Ethereum Price Nears Fifth Consecutive Month Of Losses Ethereum has been in a prolonged slump, marking its fourth straight month of losses in 2025. As the market navigates the final week of January, the cryptocurrency is poised to potentially close a fifth consecutive month in the red, a streak that would reinforce the ongoing bearish trend.  Related Reading: Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean? On-chain data from CryptoRank shows that throughout 2025, Ethereum saw more red months than green ones. The cryptocurrency began the year with four consecutive months of decline from January to April, followed by a brief recovery in May, only to fall again in June. After this, ETH posted two months of gains, finishing July and August in the green. However, this recovery was short-lived, and since then, the cryptocurrency has been in a downtrend. During its most recent four-month decline, CryptoRanks reported that Ethereum closed September down by 5.59%. The downtrend accelerated at the end of November, with the cryptocurrency crashing by 22.2%, more than four times the decline of the previous monthly close. December 2025 saw another month in the red, though the drop was much smaller, at just 0.83%.  Now, in January 2026, Ethereum is still in a downtrend. On-chain data indicates the cryptocurrency has already fallen 1.78% this month, and shows no sure signs of a bullish reversal. Moreover, at the time of writing, ETH is trading above $2,900, reflecting a roughly 5.95% decline over the past week.  What A Red January Could Mean For ETH The last time Ethereum closed five consecutive months in the red was in 2018. That year, Ethereum significantly underperformed, recording gains in only 3 of 12 months. The cryptocurrency had posted continuous monthly losses, with November marking its steepest monthly decline at 42.5%.  Related Reading: Ethereum Funding Rates Pushing Towards Negative: What’s Going On? After the four-month closing streak, Ethereum’s downtrend persisted for another two months before experiencing a sharp but brief recovery in December 2018. Despite this temporary rebound, the cryptocurrency closed January 2019 in the red, falling 20%.  If history were to repeat itself in the current cycle, Ethereum could end January in a decline, similar to its 2018 performance. Interestingly, historical data shows that February has often been a bullish month for ETH. However, 2025 has seen declines from January through to April; it’s uncertain if Ethereum will follow past bullish patterns. For now, what is certain is that ETH’s price is down and would need a significant boost in its bullish momentum.    Featured image from iStock, chart from Tradingview.com

The second-largest cryptocurrency by market capitalization, Ethereum, appears to have quietly crossed an important critical threshold that has historically signaled major price expansions. While the Ethereum price action may still appear calm on the surface, underlying market structure and flow dynamics suggest a meaningful shift is underway. This type of transition typically occurs when accumulation replaces distribution, volatility compresses, and smart money positions ahead of broader market recognition. A Silent Shift That Usually Comes Before Violent Expansion Ethereum just crossed a quiet but massive threshold. Trader and investor Shuarix has mentioned on X that Zama has gone live with the first fully encrypted Initial Coin Offering (ICO) ever executed on the ETH mainnet, moving a confidential USDT and running a sealed-bid Dutch auction entirely on encrypted data. Related Reading: Ethereum Gains Institutional Support, Though ETH Price Outlook Remains Contested In just 3 days, more than $118 million was committed, over $100 million was shielded, and the auction was 218% oversubscribed with more than 11,000 verified bidders. At peak activity, the Zama application became the most-used app on ETH, surpassing both USDT and Uniswap during the event, with zero downtime and full ETH-level throughout. Crypto analyst Milk Road revealed that BitMine Immersion Technologies has made a large purchase of 40,302 ETH in a single move, which brings their total stack holdings to a massive 4,243,338 ETH, worth over $12.3 billion at the current price. In perspective, the company now controls 3.52% of the entire ETH circulating supply, and they’re not just letting it sit idle. According to Milk Road, BitMine has over 2 million ETH tokens already staked, generating $180 million in annualized rewards. This means the company is not just playing the buy-and-hold game, but compounding its position at scale, which is all well and good for BitMine. Meanwhile, this sustained buying pressure will help create a price floor for the long-term ETH holders. Furthermore, this move is the type of institutional accumulation that will keep ETH moving inside its ascending channel. Thus, this will help to pull the price back into that channel after the macro shocks temporarily push it out. “Below is the 2025 tariff shock. While the headlines try to muddy your view of things, this chart will tell the real story,” Milk Road noted. Accumulation Continues Despite Price Being Near Entry Levels The realized price of the Ethereum accumulation address is acting as a major support level. A crypto investor known as CW has also pointed out that ETH has only reached this realized price once in history, which is very similar to the current price range.  Related Reading: Ethereum Stalls In A Critical Zone As Breakout Structures Wait For Confirmation However, the whale’s purchase price for ETH is not significantly different from the current price. Despite that, their ETH accumulation is increasing, indicating that whales still view the current price as fair value. This shows that they are preparing for an upward trend. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum saw a sharp breakdown below the $2,800 level before quickly bouncing and attempting to reclaim $2,900, but the recovery still looks fragile. The sudden dip exposed how thin demand has become at key support zones, and while buyers are trying to stabilize the price, momentum remains weak. With volatility rising and sentiment turning defensive, Ethereum is entering a pivotal stretch where the next few weeks could define the broader trend for 2026. Bulls need to reclaim lost ground quickly, but repeated failures to hold higher levels suggest the market is still vulnerable to deeper downside if support breaks again. Related Reading: Bitcoin Indicator Falls Back To Post-Bear Market Levels: Investors Approach A Key Decision Point Adding to the pressure, a key US institutional demand proxy is flashing a warning sign. The 30-day simple moving average (SMA30) of the Ethereum Coinbase Premium Index has dropped to −0.08, reaching its lowest level since early 2023. This index tracks the pricing gap between Ethereum’s USD pair on Coinbase and the USDT pair on Binance, and deep negative readings typically indicate ETH is trading at a discount on Coinbase—often interpreted as weaker demand from US-based institutional buyers. This divergence matters because positive Coinbase premiums historically support sustained upside trends in Ethereum. With that premium now at a multi-year low, ETH’s attempt to recover above $2,900 is happening without strong confirmation from US “smart money,” increasing uncertainty around the next move. Coinbase Premium Hits Multi-Year Low A CryptoQuant report highlights a key warning signal for Ethereum: the Coinbase Premium Index, which measures the price gap between ETH/USD on Coinbase and ETH/USDT on Binance. Because Coinbase is widely viewed as a proxy for US institutional activity, a deeply negative premium typically indicates ETH is trading at a discount where “smart money” is most active, while Binance—often driven by global retail and whale flow—holds relatively stronger pricing. In practical terms, this spread helps reveal where demand is coming from and whether capital flows are supportive of a sustained trend. The current downside in the premium suggests a clear lack of buying pressure from US institutions. Even if global markets on Binance are stabilizing Ethereum’s price in the short term, the absence of American demand creates a bearish divergence. This matters because positive premiums underpin major ETH rallies; they signal the US-based accumulation and deep spot demand that drive price extensions. Without that backing, rallies are more likely to fade, and rebounds can become vulnerable to renewed selling pressure. The report flags this historic premium low as a warning: despite global resilience, the market lacks the US momentum that typically fuels a strong, immediate reversal. For bulls, the priority is not only reclaiming key price levels, but also seeing confirmation through premium recovery. Related Reading: Bitcoin Stuck In Bear Mode For 83 Days: Trend Pulse Confirms Structural Weakness Ethereum Attempts To Stabilize After Sharp Breakdown Ethereum is trading near $2,897 after a sharp breakdown below $2,800 that quickly reversed, allowing price to rebound back toward the $2,900 area. While the bounce suggests buyers are still defending the lower end of the current range, the overall structure remains weak. ETH has been trending lower from its late-2025 highs, and recent recovery attempts continue to fade before triggering a sustained reversal. Technically, Ethereum is still trading below its key trend averages, which keeps pressure on bulls. The 50-period moving average (blue) is positioned above the price and is beginning to roll over, signaling weakening short-term momentum. Related Reading: XRP Distribution Phase Continues, But Funding Rates Suggest Shorts Are Overextended The 100-period moving average (green) is also above current levels and sloping downward. This reinforces that traders are selling into rallies rather than following them with fresh demand. Together, these moving average bands have become a clear resistance zone that ETH must reclaim to shift the trend back in favor of buyers. At the same time, the 200-period moving average (red) remains below the price and continues to rise gradually, acting as a long-term structural support reference. As long as ETH holds above this curve, the move looks more like a corrective phase than a full macro breakdown. For bulls, the immediate objective is reclaiming $3,000, then pushing toward $3,150–$3,250 to challenge the 50/100 MA zone. If ETH fails to stabilize, downside risk remains open toward $2,750–$2,800. Featured image from ChatGPT, chart from TradingView.com 

Ethereum remains under pressure in a key support zone, teetering between a potential rebound and further decline. While bullish patterns like the cup-and-handle and ascending triangle are shaping up, confirmation is required before any decisive move. Last Defense Zone: $2,274–$2,104 And The Libra Reversal Setup Kamile Uray shared that Ethereum is currently trying to hold above the critical support zone between $2,775 and $2,623. This area has become a key battleground for bulls and bears, with buyers attempting to defend it to prevent further downside. If this support continues to hold, ETH could regain short-term stability and make another attempt to move higher. Related Reading: Ethereum Loses Structure After $3,220 Rejection — Is This Distribution Or Just The First Crack? On the upside, a sustained bounce from this zone could allow Ethereum to revisit the pink box resistance around the $3,445 level. A clean breakout above this resistance would activate bullish structures such as a cup-and-handle or an ascending triangle, signaling growing bullish momentum and opening the path toward the $3,894 level. However, this becomes possible if ETH manages to close above the $3,661 peak, confirming the formation of the first major high. The $3,894 level carries technical significance, as it represents the 0.618 Fibonacci retracement of the most recent downward wave. A decisive close above this level would suggest continuation of the recovery. Failure to hold above it, however, could trigger renewed selling pressure and lead to another corrective move lower. On the downside, if Ethereum loses the $2,623 support, a deeper decline toward the pink box zone between $2,274 and $2,104 would become likely. This area is notable for the potential formation of a bullish Libra pattern. Should reversal confirmation emerge from this zone, ETH could attempt another recovery phase, with the broader objective of retesting its previous highs. Waiting For Confirmation: ETH’s Next Move Depends On Price Action Ethereum is currently following the trajectory outlined by Crypto Candy in a recent update on X. As predicted, the asset dipped into the lower support range between $2,600 and $2,700 and is now attempting to stage a recovery from the zone. Should this upward momentum persist, the immediate objective for bulls is a return to the $3,070 level. Related Reading: Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally However, for Ethereum to firmly re-enter bullish territory and shift the broader market structure, it must close decisively above the $3,070 threshold. This level serves as the primary gateway for any sustained recovery beyond the current relief rally. Until that breakout occurs, the prevailing market bias remains firmly bearish, as the failure to reclaim and hold above $3,070 suggests that the path of least resistance is still to the downside, with lower price points remaining the primary expectation for the short term. Featured image from Pexels, chart from Tradingview.com

Recent remarks from BlackRock CEO Larry Fink have pointed toward the need for a single, unified blockchain for tokenized markets, and have intensified the focus on platforms capable of handling institutional-scale liquidity, compliance, and settlement. With its long track record in smart contracts, extensive developer ecosystem, and growing role in regulated financial products, Ethereum is now emerging as the most likely candidate to serve as the settlement layer for tokenized capital markets. Why Asset Managers Prefer Familiar Infrastructure In an X post, the Ethereum Daily shared a video in which BlackRock CEO Larry Fink made it clear that tokenization is necessary. Speaking at the World Economic Forum, Fink said the financial system must move rapidly toward digitization, adding that a single, common blockchain could reduce corruption and improve transparency across the global markets. Related Reading: Ethereum Gains Institutional Support, Though ETH Price Outlook Remains Contested While Fink did not name a specific network, the most plausible candidate could be ETH, based on BlackRock’s own initiatives and public statements that emphasized the role of ETH in asset tokenization. The firm has consistently highlighted ETH as a core platform for its on-chain strategy. Meanwhile, BlackRock launched its BUIDL tokenized money market fund directly on ETH, a product that has already grown to over $2 billion in total value locked. “There’s no second best,” Ethereum Daily noted. In the staking space, Bitmine has turned Ethereum staking into a multi-billion-dollar business. An analyst known as Milk Road has revealed that the company now has 1.83 million ETH staked, worth roughly $6 million at current prices, and plans to scale that figure toward 4.2 million ETH over time. Over the past months, Bitmine Immersion Technologies Inc. (BMNR) has accounted for nearly 50% of all new ETH entering the staking queue. Staking at this scale is important because it removes ETH from the liquid supply and locks it into long-term infrastructure rather than keeping it for short-term trading. When one player is willing to commit billions of dollars worth of ETH to staking, it reflects confidence in ETH’s future economic prospects. A lower liquid supply, combined with sustained network demand, will create structural pressure over time. How Support Built Through Multiple Market Cycles Analyst Milk Road has also highlighted that Ethereum is holding near a critical support zone around $3,000, hovering just above the lower boundary of its long-term rising structure, an area that has acted as a stress test for ETH throughout the cycle. Historically, when ETH drifts into this area, the market will need to decide whether the weakness is temporary or structural. Related Reading: Ethereum Maintains Structural Strength Despite Resistance Near $3,400 The $2,750 level remains the key line because it has repeatedly stopped downside pressure after macro-driven or narrative-driven pullbacks, making it a reliable floor for the broader trend. As long as ETH holds above that level, the broader multi-year uptrend will remain intact. Featured image from iStock, chart from Tradingview.com

Ethereum is currently trading under pressure after failing to push above the $3,000 level again over the past 24 hours, a move that is reflecting trader sentiment across the derivatives markets. ETH is currently trading at $2,925, down 2.7% on the day, after moving within a 24-hour range capped at $3,012.99 and finding lows around $2,909.60, according to price data from CoinGecko.  As price action weakens, a notable change has been developing, with on-chain data showing funding rates drifting toward negative territory and derivative positioning beginning to tilt more defensively. Funding Rates Slide As Shorts Gain Ground Ethereum’s failure to hold above $3,000 is an important psychological break for traders, especially after several failed attempts to hold above that level in January. Price action over the past week shows sellers maintaining control after ETH rejected around $3,360 on January 18, followed by a steady push lower toward the high-$2,900s.  Related Reading: The Ethereum MACD Crossover That Could Lead To A Massive Bull Wave Although the pullback has so far been orderly above $2,900, this decline has come alongside fading momentum across the derivatives market. One of the clearest signals for this can be seen in Ethereum’s OI-weighted funding rate, which has been steadily compressing and is now edging toward negative levels. At the time of writing, Ethereum’s OI-weighted is at 0.0008%, close to breaking into negative territory and far below readings around 0.009%, which it registered earlier in the month. Funding rates turning negative typically indicate that short positions are paying longs, meaning stronger demand for downside exposure. Funding spikes that previously accompanied the price rebound in early January have faded, and the overall trend suggests bearish positioning is slowly gaining the upper hand. Open Interest, Liquidations, And What’s Next Although Ethereum’s price action fell below $3,000, derivatives traders have stayed in the market, keeping total open interest at high levels. Data from CoinGlass shows aggregate Ethereum open interest increasing by 0.68% in the past 24 hours, which shows that many traders are not exiting Ethereum entirely. At the time of writing, the total open interest is sitting at about 13.36 million ETH, equivalent to roughly $39.19 billion. Related Reading: Ethereum’s 4-Hour Chart Says A Big Dump Is Coming, Here’s The Target Looking across major exchanges, Binance has the largest share of ETH open interest, accounting for about $8.95 billion, but it is down by 0.8% in the past 24 hours. CME follows with approximately $5.73 billion in open interest, up by 3.72% in the past 24 hours. Gate comes next at around $4.01 billion, while MEXC comes in close at $3.51 billion worth of ETH open interest. Over the past 24 hours, Ethereum liquidations totaled $64.34 million, with long positions ($52.52 million) accounting for the majority of losses. A hold above $2,900 could allow Ethereum’s funding rates to normalize and open the door for another rebound attempt to $3,000. However, a continued fall in funding rates into negative territory could see bearish control pushing Ethereum below $2,900. Featured image from Pexels, chart from Tradingview.com

As the crypto market faces uncertainty and continues in a consolidation phase, market expert Sam Daodu has issued a report examining the potential for XRP, Ethereum (ETH), and Solana (SOL) to emerge as frontrunners if a new altcoin season arises in 2026.  XRP, ETH, And SOL Price Forecasts Daodu began his analysis by pointing out that Bitcoin’s (BTC) dominance is currently hovering around 59%, alongside an Altcoin Season Index reading of 55. These indicators suggest that 2026 could herald a substantial rotation towards altcoins, mirroring significant shifts experienced during cycles in 2016-2017 and 2020-2021. The expert outlines several bullish scenarios for each. For XRP, he envisions a potential surge past the $6-$8 range if exchange-traded fund (ETF) inflows maintain a monthly average exceeding $400 million and RippleNet continues to expand its influence in global banking.  Related Reading: ‘I’m Very Bullish’: Ripple CEO Forecasts Record Performance For Crypto In 2026 ETH, on the other hand, could see itself climbing toward $12,000-$18,000 if Layer 2 (L2) adoption unlocks broader usage and ETF inflows rebound.  Daodu highlights that active addresses are at cycle highs, indicating organic demand that may translate to higher prices once institutional sentiment shifts positively. For SOL, the outlook is similarly optimistic. Solana might rocket to the range of $500-$800 if its transaction finality of 150 milliseconds and low fees attract a new wave of applications. Additionally, the rise in ETF filings could lead to significant capital inflows. Potential Risks Ahead  In more stable scenarios, Daodu suggests that XRP might consolidate between $2.50-$3.50 if institutional adoption progresses steadily without dramatic catalysts.  He also speculates that Ethereum could trade within the range of $5,000-$9,000, benefiting from consistent demand driven by staking yields and decentralized finance (DeFi) growth. Meanwhile, Solana might trend between $200-$350, assuming that developer growth and retail adoption continue at their current pace without major breakthroughs.  However, Daodu cautions that XRP could fall below $1.50 if demand for ETFs wanes or if regulatory uncertainties arise. Similarly, ETH could fall below $2,500 if scalability issues arise or if regulatory challenges become more pronounced. SOL could drop below $100 if outages persist or if it faces increased competition from other Layer 1 platforms. What AI Models Anticipate AI predictions provide additional insight into the expected performance of these altcoins. For XRP, forecasts vary significantly, with ChatGPT estimating a range of $0.80-$3.00, while Grok presents a more bullish outlook with a target of $1.50-$6.00.  Related Reading: Crypto Boom Ahead? Pantera Capital Pinpoints Major Catalysts For 2026 Success Ethereum’s AI predictions show a range of $3,000-$9,000 from ChatGPT, while Gemini anticipates a high of $7,000-$18,000 through increased tokenization.  Lastly, Solana’s predictions range from $120-$350 from ChatGPT to a more optimistic $300-$800 from Gemini, depending on the growth of consumer applications. XRP was trading at $1.93 at the time of writing, down 2% in the previous 24 hours. ETH traded at roughly $2,952, while SOL traded at $128, both experiencing comparable declines during the same time period.  Featured image from DALL-E, chart from TradingView.com  

Ethereum has slipped below the $3,000 level again as selling pressure returns across the broader crypto market, keeping bulls on the defensive after a brief recovery attempt. The move back under this psychological zone suggests that traders remain cautious, with downside volatility re-emerging as risk appetite fades and liquidity thins near key support levels. Related Reading: Binance Order Flow Suggests Ethereum Is In Correction Mode: Demand Still Missing However, while price action looks heavy in the short term, on-chain data is flashing a different signal beneath the surface. According to Arab Chain, Ethereum reserves held across centralized exchanges have dropped to around 16.2 million ETH, marking their lowest level since 2016. That milestone matters because it highlights a steady, long-duration trend of withdrawals rather than a sudden one-off event. In practical terms, fewer coins sitting on exchanges typically means less immediate supply available for spot selling, especially during periods of market stress. This behavior can reflect a shift away from short-term trading and toward longer-term holding, self-custody, or deployment in DeFi. Ethereum remains vulnerable as price struggles below $3,000. Still, the persistent reserve decline suggests that supply conditions may be tightening in the background, setting the stage for a sharper reaction if demand returns. Binance Reserves Keep Falling The CryptoQuant analysis also points to a similar reserve drawdown on Binance, reinforcing the broader exchange supply contraction narrative. Since the beginning of 2026, Binance’s Ethereum reserves have dropped from roughly 4.168 million ETH to around 4.0 million ETH, signaling steady withdrawals even as the price remains under pressure. This matters because Binance is often the main liquidity hub for ETH spot and derivatives, so shifts in its reserve balance can reflect real changes in market positioning. What stands out is that this decline is happening without a meaningful rebound in inflows. In other words, ETH is not rotating back onto exchanges aggressively, suggesting sellers are not rushing to increase liquid supply at current levels. That dynamic typically aligns with a market where investors prefer holding behavior over active distribution. Either moving ETH to cold storage or deploying it across DeFi. While reserves falling does not guarantee an immediate rally, it can change the supply-demand equation over time. With fewer coins sitting on exchanges, the market becomes more reactive if demand returns suddenly, as there is less readily available ETH to absorb buy pressure. If Ethereum manages to reclaim key resistance levels, this supply tightening could amplify upside follow-through. Related Reading: XRP Leverage Builds Without Overheating: Open Interest Climbs And Volatility Spikes Ethereum Loses $3,000 as Bears Regain Control Ethereum is showing renewed weakness after failing to hold above the key $3,000 level, with price now hovering near $2,970 on the daily chart. After briefly stabilizing earlier this month, ETH attempted a rebound toward the $3,300–$3,400 supply zone. But momentum faded quickly as sellers stepped back in and pushed the market lower. From a technical perspective, Ethereum remains trapped below its major moving averages, reinforcing the bearish structure. The recent rejection near the descending trend of the 200-day average signals that upside attempts are still being capped by overhead resistance. Keeping bulls on the defensive. At the same time, the breakdown below $3,000 shifts market sentiment back into risk-off mode. Especially as crypto traders remain sensitive to broader macro uncertainty. Related Reading: Trade War Headlines Trigger $800M In Liquidations Overnight: Longs Get Wiped Out Across Crypto Markets The current price action also reflects a fragile recovery attempt rather than a confirmed reversal. ETH’s latest drop places focus on the $2,850–$2,900 region as the next support area. An area where buyers previously stepped in during earlier selloffs. If this zone fails to hold, the market could revisit deeper levels from the previous correction phase. For bulls to regain control, Ethereum must reclaim $3,000 quickly and build stronger demand above that threshold.

Ethereum has taken a sharp turn after facing a firm rejection at the $3,220 level, with price breaking structure and slipping into a weaker posture. The speed of the drop and lack of strong buying interest raise an important question for traders: Is this merely an early warning sign within a broader uptrend, or the start of a deeper distribution phase that could pressure ETH further in the near term? Rejection At $3,220 Signals Distribution, Not A Shakeout Crypto analyst PEPE is Friend highlighted that Ethereum’s sharp rejection at the $3,220 level was deliberate rather than random. The drop was clean, with key structure breaking down, selling pressure accelerating, and price quickly flushing toward the $3,106 area, aligning with a classic distribution behavior rather than a simple shakeout. Related Reading: Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally Assessing the current price reaction, there are still no signs of a true reversal. The bounce has been notably weak, trading volume remains thin, and buyers have yet to show a strong commitment. Instead of signaling renewed bullish momentum, the move higher appears to be a technical pullback within a broader weakening structure. The key technical zone remains well-defined. ETH is trading below the former support band between $3,170 and $3,200. As long as the price stays below this range, any upside move is likely to be viewed as a selling opportunity rather than the start of a sustained recovery.  When this price action is viewed alongside Ethereum spot ETF data, the picture becomes clearer. While ETF flows remain positive daily, they lack strong momentum or a standout confirmation day. Capital appears to be absorbed rather than aggressively deployed, suggesting institutional demand is not yet strong enough to drive a decisive breakout. Until that changes, sellers are expected to remain in control below the $3,170–$3,200 resistance zone. Ethereum Slips Below $3,062 As Bears Regain Short-Term Control In an X post, Kamile Uray noted that Ethereum has closed below the $3,062 level, shifting attention toward the next major downside zone at $2,623. This level is now critical, as holding above it could allow ETH to stabilize and attempt another recovery move. Related Reading: Ethereum Maintains Structural Strength Despite Resistance Near $3,400 On the upside, a clean break above the pink-box resistance near $3,445 would activate bullish formations such as a cup-and-handle or an ascending triangle, opening the door for a move toward the $3,894 area. Further strength would be confirmed if ETH manages to close above the $3,661 high, which would mark the first higher high on the daily chart relative to the previous downtrend, improving the bullish outlook. Still, $3,894 remains a key level, as it aligns with the 0.618 Fibonacci retracement of the last decline. On the downside, a clear break below the $2,623 low would expose ETH to deeper losses, with the $2,274–$2,104 zone emerging as the next major support area. This region hosts a potential bullish “Libra” reversal setup, and Ethereum could once again attempt a bounce toward its previous all-time high if reversal confirmation appears there. Featured image from iStock, chart from Tradingview.com