Ethereum is pushing above $2,300 as the market recovers from weeks of compressed price action, with buyers gradually reasserting control after an extended period of consolidation near the $2,000 level. The move higher comes as underlying on-chain data begins to paint a more constructive picture — one that suggests the recent weakness may have been quietly working in Ethereum’s favor rather than against it.
According to a CryptoQuant report, a significant divergence has been developing beneath the surface. While price remained range-bound near $2,000, realized capitalization held by accumulating addresses continued to expand — a signal that long-term demand was absorbing available supply during the weakness rather than retreating from it. Coins were consistently moving into wallets with low historical spending behavior, the kind of addresses that tend to hold through volatility rather than react to it.
This pattern became especially visible following the April 2025 drawdown and the consolidation that followed. Rather than triggering distribution, the price volatility appeared to accelerate accumulation among conviction-driven participants. Stronger hands were increasing exposure precisely when the market looked least inviting.
That dynamic matters now because Ethereum is trading above $2,300. If the capital structure that formed during the consolidation is as durable as the on-chain data suggests, the current move may have a foundation that previous bounces lacked.
Supply Is Quietly Moving Into Stronger Hands
The inflow data reinforces what the accumulation signals have been suggesting. During the mid-2025 rally, Ethereum’s exchange inflows were dominated by high-frequency in-out addresses — the kind of activity typically associated with active trading and distribution near local price tops. That pattern reflected a market where participants were using strength as an exit rather than an entry. The current structure looks meaningfully different.
Speculative inflow activity has declined, while addresses receiving funds directly from centralized exchanges are becoming increasingly dominant in the flow data. In practical terms, assets are leaving liquid venues and moving into hands that are less likely to return them quickly to the market. Each outflow of this type quietly removes supply from the immediately available sell side.
What is notably absent is any sign of overheating. There are no extreme inflow spikes — the kind that historically precede sharp corrections by signaling that too much capital has piled in too quickly. Instead, the report describes a re-accumulation phase where supply is being transferred gradually to stronger holders without the fanfare that typically accompanies speculative excess.
If exchange outflows continue at the current pace, the supply available for immediate sale on major venues will keep tightening. That kind of structural compression, combined with improving demand signals, is the setup that has historically preceded expansion phases rather than reversals. Ethereum’s fundamentals, by this measure, are strengthening even where the price chart has yet to fully reflect it.
Ethereum is attempting to reclaim higher ground after a volatile multi-cycle structure that has repeatedly failed to sustain momentum above the $3,000–$4,000 range. The weekly chart shows a clear pattern: impulsive rallies followed by sharp retracements, with the most recent rejection near $4,800 in late 2025 leading to a breakdown toward the $1,700–$1,800 region.
That February 2026 capitulation marked a structural reset, with elevated volume confirming forced selling or large-scale de-risking. Since then, ETH has staged a recovery, now trading around $2,300–$2,400 — a level that sits directly at a key pivot zone. This area previously acted as support during mid-2024 and early 2025, and is now being retested as resistance.
From a trend perspective, ETH remains below the 200-week moving average (red), which is flattening, while the 100-week (green) and 50-week (blue) are converging just above the current price. This compression suggests a decision point is approaching, where the market must either reclaim these levels or face renewed downside pressure.
Volume has declined notably since the capitulation spike, indicating that the recovery is not driven by aggressive inflows but rather by reduced selling.
Holding above $2,400 would signal structural improvement. Rejection here would likely reinforce the broader range-bound regime.
Featured image from ChatGPT, chart from TradingView.com
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Forbes Calls XRP and Cardano (ADA) Crypto Zombies: Community Disagrees U.Today
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Coinbase CEO Brian Armstrong urges the crypto community to work on making crypto payments instant and free globally. Bitcoin maximalists including Block co-founder Jack Dorsey, MicroStrategy executive chairman Michael Saylor, and others replied asking Coinbase to integrate Bitcoin Lightning Network on the exchange. However, Solana co-founder Anatoly Yakovenko argues Solana is faster and cheaper than Lightning Network for payments.
Bitcoin Lightning Support on Coinbase
After recent efforts for clear crypto regulations, Brian Armstrong on July 27 said the next step for crypto is making crypto payments instant and free globally. The community needs to speed up getting Layer 2 integration, better on-ramps, and simplify crypto onboarding to aim for making payments under 1 cent and settling under 1 second. He hints are using USTC stablecoins for transactions.
“Today, crypto has the *potential* to improve global payments infrastructure, but it hasn’t yet delivered on that promise as we’re largely still stuck on layer 1. Payments are like water, they flow to the path of least resistance.”
Jack Dorsey and Michael Saylor recommend integrating Bitcoin Lightning Network on Coinbase for faster payments and better infrastructure.
Solana co-founder Anatoly Yakovenko argues that USDC on Solana is cheaper than Bitcoin Lightning Network, with an average confirmation time of just 1.3 seconds. The Solana community also supported Yakovenko’s facts about Solana Pay.
As the House Republicans and some Democrats approve a crypto bill for stablecoins payments and market structure, payments using USDC are likely to boost. Tether and VanEck’s Gabor Gurbacs says “People in France prefer Tether.”
Also Read: Terra Luna Classic To Burn 800 Million Tokens, LUNC And USTC To $1?
Solana Price Pumps 7%
SOL price jumps 7% in the past 24 hours, with the price currently trading above $25. The 24-hour low and high are $23.47 and $25.52, respectively. Furthermore, trading volume has increased by 100% in the past 24 hours, indicating a rise in interest among traders.
An analysis by CoinGape Market predicts Solana price to surpass the $30 psychological level due to formation of a bullish pennant pattern.
Meanwhile, Bitcoin price currently trades near $29500, up 1% in the past 24 hours after the US Fed hiked rates by 25 bps.
Also Read: Binance’s Dismissal Of US CFTC Lawsuit Is Delayed By Court
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Yesterday, Monday, October 24, the Rutgers Center for Corporate Law and Governance, the Wall Street Blockchain Alliance, and Lowenstein Sandler LLP hosted a symposium on “Regulating Financial Innovation: The Future of Crypto and Blockchain.” One of the most widely noted comments concerned the classification of Ethereum (ETH) in the United States.
The keynote speaker at the event was none other than Rostin Behnam. The Chairman of the Commodity Futures Trading Commission (CFTC) discussed the agency’s current and future role in regulating the fintech and cryptoasset industries.
The most burning issue discussed was the jurisdictional tussle between his agency and the Securities and Exchange Commission (SEC). Behnam tried to dispel the narrative of a turf war between the two agencies.
It’s a pretty cynical view to say that two agencies can’t manage to find a solution and work together.
At the same time, he expressed that the CFTC views Ethereum (ETH) as a commodity – not a security. “Ether, I’ve suggested that it’s a commodity,” he said and added:
Chairman [Gary] Gensler thinks otherwise — or at least hasn’t certainly declared one or the other.
The classification of altcoins has been a pressing issue for the crypto industry for many years due to a lack of regulatory clarity, which has been a massive impediment to adoption progress in the US.
In 2018, William Hinman, then the SEC’s director of corporate finance, gave a widely acclaimed speech in which he certified Bitcoin and Ethereum as being classified as non-securities.
However, Gensler, who has been chairman of the SEC since April 2021, suggested in September that Ethereum’s shift to proof of stake with its fixed-income returns could warrant a securities classification. Following Gensler’s comments, the ETH price tanked by 11%.
Will The CFTC Be More Favorable For Altcoins and Ethereum-Based Tokens?
Behnam also clarified that the common industry belief that the CFTC is the more favorable regulator is a misconception: “Our enforcement record speaks for itself”, and pointed to his agency’s track record.
As Bitcoinist reported, about a month ago, the CFTC brought its first action against an autonomous decentralized organization (DAO) protocol, bZeroX, and its founders. The CFTC fined the platform $250,000 and ordered it to be ceased and desist from the industry.
At the same time, Behnam complained that the agency has been handcuffed due to a lack of tools compared to traditional markets. Thus, every crypto-related case at the CFTC has been resolved solely because of a whistleblower or a tip.
The underlying fear and concern is we’re not doing enough. If we had more resources, we could bring more fraud and manipulation to light.
Behnam believes part of the blame for the lack of regulatory clarity lies with Congress. Because of the upcoming midterm elections, crypto legislation has stalled.
The CFTC chairman also stressed that the Digital Commodities Consumer Protection Act, introduced by Senators Stabenow and Boozman that is widely believed to be the crypto bill with the best chance of passing – would not give the CFTC full authority to categorize cryptocurrencies.
Instead, he argued that the CFTC and SEC should continue to work together – an approach the crypto industry has suffered from in recent years.
At the time of writing, Ethereum (ETH) was still in its narrow range between $1200 and $1373 where the price is lingering for almost one month now. The RSI is in neutral territory at 52.
Binance CEO “CZ” has given his opinion on Bitcoin’s bottom at a time when crypto analysts and Bitcoin advocates are trying to anticipate a bottom. When “bitcoin is dead” stories appear, he believes the king crypto will bottom out. As a result, he argued, everyone who bought Bitcoin when such a sentiment existed in the past gained the most money.
CZ Notes BTC Could Bottom When Negative Sentiment Surge
In a tweet on June 20, Binance CEO “CZ” remarked that anyone who bought the pioneer crypto when the public consensus was that “bitcoin is dead” got a greater return on investment. Furthermore, the bottom is reached when people lose hope of a BTC recovery. Bitcoin is a great buy-the-dip opportunity at these prices.
He said:
“Historically speaking, if you bought Bitcoin every time there is a “bitcoin is dead” headlines, you would have done well. Logic: when they lose hope, that’s when the bottom is in.”
"Bitcoin Is Dead" headlines indicates Bitcoin bottom
The Binance CEO, however, cautioned that he was not endorsing this or any other technique in the future. Many people believed the Bitcoin bubble will collapse when the price of the cryptocurrency rose above $65,000. Speculative bubbles have already occurred in 2011, 2013, 2017, and 2021-22.
BTC/USD trades at $20k. Source: TradingView
The benchmark coin is currently trading at $20,440 up roughly 15% from its low of $17,708 on June 18.
Several crypto investors and firms, like Digital Currency Group, have acknowledged that they are buying BTC now while it is still cheap.
Related Reading | Bitcoin Derivatives Exchange Reserve Surges Up As BTC Continues To Plunge
“$20K Is The New $30K” For Bitcoin
On the other hand, Peter Schiff has urged Bitcoin investors not to get too happy if the price of the cryptocurrency rises above $20,000 again. He feels that $20,000 is the “the new $30,000” and that tiny increases are to be expected before a huge drop. He went on to say that big dips don’t happen in a straight line, and the slow descent is “extremely orderly.”
Schiff also noted that he has yet to see any evidence of capitulation, which would indicate a bottom in the current crypto bear market.
Don’t get excited about #Bitcoin being back above $20K. 20 is the new 30. This is just another bull trap. Nothing drops in a straight line. In fact, this slow motion crash has been extremely orderly. No sign yet of any capitulation that typically forms a bear market bottom.
— Peter Schiff (@PeterSchiff) June 19, 2022
Schiff predicted that the king crypto will go as low as $6,000 on many occasions earlier this year. He tweeted over the weekend that his prior prognosis of the cryptocurrency market falling below $800 billion has been confirmed, but it took a few more days, and altcoins fared better than he predicted.
Related reading | Why Bitcoin Could Take Another Bite At $17K
Featured image from Pixabay, chart from TradingView.com
On Thursday (May 5), crypto influencer Ran Neuner, who is the host of the YouTube show “Crypto Banter”, shocked the crypto community by claiming that “we don’t even have a working DEX on Cardano.”
In a video (titled: “73% Of These Altcoins Will Go To Zero!”) released on his popular YouTube channel, Neuner looked at the top 20 cryptoassets and expressed his assessment of each in order to predict which ones would remain in the top 20 during the next five years.
This is what he Neuner had to say about Cardano ($ADA):
“I think Cardano is amazing technology. I like Charles a lot. I think he’s one of the smartest people I’ve ever met…
“I think Cardano has two problems.Their time to launch is taking too long, and as a result, they’re not getting any of the amazing adoption all the other blockchains are getting. Also, I think too much around Cardano is centered around IOHK and Charles. I think too much of the VC funding is centered around IOHK and Charles, and I prefer blockchains where there are multiple investors with multiple funds that are looking to deploy a lot of money into an ecosystem.
“I do hold a Cardano bag — I’ve got to be honest — but it’s not one my biggest bags. And I would like to see much more VC interest. I’d like to the protocol launch properly because we don’t even have a working DEX on Cardano and then we can have another discussion.
“Until then, I think Cardano is yet to stay because I think Charles himself can fund it for the next five years, but I don’t think it’s going to be a top 20 coin. That’s what I think. I’m being really honest. I know you guys are gonna cut this up and meme it up with my bad voice, but I’m being pretty honest.“
And this was the response of Ethereum and Cardano co-founder Charles Hoskinson:
It is surprising to see Neuner make the claim that Cardano has no working DEXes. Here are a few that DeFi analytics dashboard DeFi Llama knows about:
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
The Shiba Inu and CoinMarketCap teams found themselves in a bit of a scuffle early this morning after the crypto aggregator site listed three new contract addresses for the token on its platform.
CoinMarketCap Listed 3 new Addresses for Shiba Inu
Shiba Inu’s team first called attention to the new addresses on its Twitter page. It stated that SHIB is strictly an ERC-20 token and called on its holders to stay alert while resolving the issue.
Reminder: Shiba Inu $SHIB is an ERC-20 Token Only! Please stay alert out there #ShibArmy.
Thank you for your support, the Shiba Inu Breeds are currently working diligently to get this matter handled. pic.twitter.com/tzEiukm8ZC
— Shib (@Shibtoken) January 13, 2022
The team further called on its followers, ShibArmy, to stay calm and professional and updated that it had submitted inquiries to CoinMarketCap about the erroneous contracts.
In its response, CoinMarketCap clarified that the non-ETH contract addresses on the Shiba Inu page on its platform were wormhole addresses designed to enable cross-chain transactions of wrapped versions of the asset. It further stated that addresses were not malicious and merely followed industry standards.
For the avoidance of doubt, the addresses are not malicious. There is precedent for us to publish the contract addresses for wrapped assets because it would ultimately streamline the user experience and facilitate cross-chain transactions.
— CoinMarketCap (@CoinMarketCap) January 14, 2022
CoinMarketCap claims it has precedence to publish the addresses for wrapped assets as they ultimately streamline the user experience.
The three contract addresses at the centralized center of the disagreement are Binance Smart Chain, Solana, and Terra addresses. To avoid any misleading information, the platform has now added a cautionary note on the Shiba Inu page telling users that the non-ETH contract addresses are wormhole addresses.
Crypto Community Reacts
While CoinMarketCap claims to be justified in posting these wormhole addresses, many in the Twitter crypto community have criticized it. One user tweeted that doing such without telling the Shiba Inu team is wrong. Of course, many are still skeptical despite the clarifications.
No that’s not right. It don’t matter if it’s a good thing or bad thing. If you’re going to add such things to the token, atleast let the concerned team/devs know what’s up. You cannot just put something there and be the only one to know what it is
— Mike Jr. (@MikeSubedi) January 14, 2022
On its part, the Shiba Inu team is yet to recognize the clarifications. Its official statement accused CoinMarketCap of lack of professionalism and warned users not to interact with the contracts as they are unsafe to use.
The Shiba Inu coin, which positions itself as a replacement for Dogecoin, has had a relatively quiet year so far. After a massive rise in value last year, which saw it enter the top 10 crypto list, it has been on a downward trend for most of this year.
It is not yet known what effects this disagreement with CoinMarketCap will have on its price. But many holders worry that it might be negative due to FUD that such action could generate. Currently, it’s trading at $0.00003139, after losing over 2% of its value in the last 24 hours.