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Ethereum’s price continues to face downside pressure, but demand and adoption have not died down in certain areas of the market, especially the ETH treasury. Digital asset treasury has become a key part of the market since it was introduced, and the ETH treasury has grown exponentially, breaking records.

Ethereum Treasury Accumulation Reaches Historic Milestone

Amid ongoing volatile market conditions, the Ethereum treasury is turning heads, attracting a significant wave of demand and interest from corporate firms. After recent moves by multiple financial behemoths to own an ETH treasury reserve, the initiative is now positioned at a crucial moment that could trigger a new phase.

A new report from Leon Waidmann, an optimist and the head of research at Lisk, shows that Ethereum is experiencing an increasing wave of institutional belief as corporate treasury companies’ holdings of ETH reach all-time highs. Businesses are steadily including the leading altcoin on their balance sheets, indicating a broader shift in how they classify ETH.

Specifically, these large financial firms no longer view Ethereum as a speculative asset but as a strategic digital reserve asset within the evolving crypto economy. Looking back to a year ago, the Ethereum treasury was not a thing. However, within the period, the initiative has witnessed immense growth, with millions of ETH now held by corporate companies in the crypto and financial sectors.

Data shared by Waidmann shows that over 7.4 million ETH is now being held in treasury reserves among institutions. When compared to the overall supply of Ethereum in circulation, this figure represents approximately 6.6% of the stack.

Even though Ethereum Treasury companies have received a lot of criticism, the expert claims that some of it is only partially understandable. Given the substantial growth from 0 to 74 million ETH within 12 months, Waidmann believes the ETH treasury is still massively underappreciated.

A major company at the forefront of the adoption is Bitmine Immersion Technologies, as the public firm continues to add ETH to its crypto vault. On Tuesday, the firm, run by Tom Lee, bought an additional ETH worth over $120 million. 

Following the purchase, Bitimine’s ETH holdings are valued at a staggering $9.21 billion, which is currently equivalent to 3.75% of the total ETH supply. Furthermore, a huge portion of its ETH holdings, particularly $6.18 billion, is locked away in staking. This marks over 2.5% of the entire ETH supply.

ETH’s Price Next Month Hinges On The Stochastic RSI

In an analysis using the 1-day time frame, Merlin The Trader, an investor and market expert, revealed that Ethereum’s Stochastic Relative Strength Index (RSI) has flipped from the overbought region. Interestingly, this key setup has appeared multiple times in the past, and could dictate its next possible move.

The last time the setup occurred, the expert stated that ETH’s price dropped from the $3,400 level to the $1,800 mark. Currently, the same setup and Bollinger Band structure are developing. If ETH holds above $2,000, the pullback will be void. Meanwhile, losing the level will trigger a downside move to the $1,600 mark.

Featured image from Pexels, chart from Tradingview.com

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Gold and silver have recently dominated headlines, outperforming both Bitcoin and altcoins in the broader crypto market. While both precious metals recorded new all-time highs in 2026, many altcoins failed to reach similar milestones. Bitcoin, by contrast, did achieve an ATH in 2025; however, following that peak, its price retraced sharply to new lows. With this in mind, analysts argue that the strength of gold and silver does not pose a threat to digital assets. Instead, they interpret the divergence as a major bullish signal for Bitcoin and altcoins. 

Gold And Silver ATH Signals Bitcoin And Altcoins Upside

Crypto market expert Mark Chadwick delivered a detailed analysis of precious metals and cryptocurrencies on X this week, pointing to what he calls “the biggest price divergence” ever recorded between gold and Bitcoin. His chart and analysis suggest that a strong performance in gold could be a major indicator for a potential rally in cryptocurrencies. 

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Chadwick noted that gold has surged aggressively, reaching an ATH of over $5,600 in January 2026. This price rally has pushed the metal into extreme overbought levels on higher timeframes. In contrast, Bitcoin is facing prolonged weakness and negative sentiment in 2026, despite reaching an all-time high above $126,000 in October 2025. 

The analyst suggested that this performance imbalance has reached levels that typically signal a major market shift. Gold and silver have been boosted by factors such as central bank accumulation, inflation hedging, and geopolitical pressures. At the same time, Bitcoin has been weighed down by tighter liquidity, reduced investor interest, and risk-off conditions. As a result,  traditional safe-haven assets have entered overbought territory, leaving BTC and altcoins largely overlooked. 

Chadwick argues that markets move in cycles driven by sentiment and positioning. When one asset becomes excessively overbought, returns diminish, and capital seeks higher upside elsewhere. In past macro cycles, periods of strong performance in gold and silver have often been followed by capital rotating into higher-risk assets once fear subsides. 

Based on his analysis, Bitcoin’s current positioning reflects exhaustion rather than structural weakness. Chadwick believes that when manipulation ends and capital starts flowing out of gold and silver into BTC, it could set the stage for a sharp rebound in the leading cryptocurrency. Since altcoins typically follow Bitcoin’s performance, the analyst expects that once Bitcoin regains momentum, some of that profit could also rotate into select altcoins, fueling a price rally. 

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How High Bitcoin And Altcoins Could Rally 

Chadwick has stated that Bitcoin’s price could easily surge 10x as capital flows back into it and market sentiment and liquidity improve. However, the chart outlines a short-term rally, projecting a 91.60% rise to $170,000 from the $82,000 region. The analyst also predicted that altcoins could rise 50-100x, reflecting a staggering potential for gains in the crypto market. 

He concluded his analysis by emphasizing that smart money knows massive returns often come from diversification. From this perspective, the current ATHs of gold and silver do not undermine cryptocurrencies but signal an upcoming shift in capital. 

Featured image created with Dall.E, chart from Tradingview.com