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Ethereum is struggling to push above critical supply levels after a brief surge above $3,300, as the market attempts to stabilize following weeks of sustained selling pressure. While the rebound has sparked renewed optimism, price action remains fragile, with bulls still needing clear confirmation before a broader recovery can take hold. Still, the fact that ETH is holding near key levels has led some analysts to start calling for higher prices, arguing that the market may be entering a new phase after the recent downtrend.

Supporting this view, a CryptoQuant analyst highlighted Ethereum Exchange Netflow spot data showing persistent ETH outflows from spot exchanges during price pullbacks, while inflows during upward moves remain relatively limited. This pattern suggests a more disciplined supply environment, where holders are reluctant to sell into weakness and are not aggressively distributing during rallies.

In other words, sell-side pressure appears to be easing, even as Ethereum remains capped below major resistance. If demand returns, this type of netflow structure can support sharper upside moves, as fewer coins are available on exchanges to meet new buying interest. For now, Ethereum is caught between fading fear and unfinished recovery, with the next breakout attempt likely to define the short-term trend.

Ethereum’s recent Exchange Netflow behavior suggests that the latest pullbacks have been met with holding and accumulation rather than broad-based distribution. Instead of rushing to send ETH onto exchanges during weakness, many participants appear willing to sit through volatility, reducing the immediate sell pressure that typically accelerates downtrends. This supports the idea that supply is gradually stepping back, even as price remains capped below key resistance zones and market sentiment stays cautious.

However, Exchange Netflow alone is not enough to define direction. A favorable supply structure can still fail if demand remains weak, or if macro conditions deteriorate and force investors back into risk-off positioning. In that scenario, downside continuation cannot be ruled out, even if exchange balances remain constrained.

That said, in the absence of major systemic stress, the current netflow profile offers a constructive backdrop for upside. The lack of supply expansion during drawdowns and the restrained profit-taking during rebounds imply that sellers are not in control. If demand rotates back into Ethereum, price could respond more efficiently because there is less readily available liquidity sitting on exchanges.

In this sense, the on-chain data is not signaling an immediate breakout. Instead, it highlights a market structure that appears increasingly prepared for upward price action once broader conditions align and buyers regain conviction.

Ethereum Bulls Fight Structural Resistance

Ethereum is attempting to stabilize above the $3,300 zone after a sharp rebound from the December lows, but the chart shows bulls are still battling heavy overhead supply. Price recently pushed into the $3,300–$3,400 band, a level that has repeatedly acted as a pivot point during this downtrend. While momentum has improved, ETH is still trading below key moving averages, reinforcing the idea that this move may be more of a recovery leg than a confirmed reversal.

The blue moving average overhead continues to slope downward and sits above current price, highlighting that the broader structure remains pressured. At the same time, the green moving average is flattening near the $3,300 area, adding to the resistance cluster and making this zone difficult to reclaim cleanly.

From a market structure perspective, ETH has shifted from a clear downtrend into a tighter consolidation, with buyers stepping in on dips and building higher lows since early January. However, volume remains relatively muted compared to the October and November selloffs, suggesting that conviction is still developing.

Featured image from ChatGPT, chart from TradingView.com 

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Ethereum’s price is experiencing a notable uptick in certain key areas following the slight bounce above the $3,000 mark on Monday. Even though ETH has lost the pivotal price level due to a broader market pullback, a certain group of investors is now starting to show heightened demand for the leading altcoin.

Big Ethereum Wallets Re-Entering The Market

The Ethereum market appears to be shifting once again into a period of demand and accumulation. ETH’s holder behavior is undergoing a decisive shift as observed among major investors or whales, who have returned to accumulation mode.

After several weeks of relative caution, Mlik Road, a crypto and macro researcher, outlined that large ETH holders have been steadily increasing their holdings in the past few days. This steady accumulation is being carried out by wallet addresses holding more than 1,000 ETH, signaling renewed confidence in the altcoin’s long-term prospects.

Data from the Ethereum Retail and Large Investor Holdings metric shows that whale holders have acquired over 120,000 ETH valued at approximately $350 million since December 26. With the price of ETH facing volatility, this action indicates that smart money investors might be preparing themselves ahead of a major upward move, even if the price movement is still measured.

As a result of the massive accumulation, wallet addresses containing 1,000+ ETH currently control roughly 70% of the entire supply in circulation. A look at the chart shows that this share held by the cohort has been on a steady increase since late 2024, reflecting the unwavering resilience of the investors despite multiple sideways movements.

Should this behavior continue, Milk Road highlighted that the market may not fully be pricing in where the smart money anticipates ETH to head next. 

Institutions Are Doubling Down on ETH

ETH accumulation has also experienced a significant uptick at the institutional level as many large corporations double down on the leading altcoin. Lookonchain, a on-chain platform, reported that Trend Research, an investment firm specialized in secondary markets, is still stacking up USDT to purchase more ETH. 

After a period of steady acquisition, Trend Research has now amassed over 601,074 ETH worth a whopping $1.83 billion. This action demonstrates the company’s robust conviction in Ethereum and its expanding ecosystem. 

Based on the on-chain ETH withdrawal prices from Binance, the world’s largest cryptocurrency exchange, the average purchase price of the company’s stash is $3,265 per coin. The firm has also borrowed a total of $958 million in stablecoins from the Aave blockchain to buy ETH.

Bitmine Immersion, a leading public company led by Tom Lee, has also resumed its ETH accumulation. Lookonchain highlighted that the company purchased another 44,463 ETH valued at $130 million last week. As a result, the firm now boasts of over 4,110,525 ETH worth a staggering $12 billion.

Featured image from iStock, chart from Tradingview.com

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Major coins were in the red on Thursday evening as risk aversion made a comeback on the market. The global cryptocurrency market cap dropped 2.6% to $844.85 billion at 7:33 p.m. EST.

See Also: 2022 Robinhood Review — Stocks and Crypto For Beginners 

Why It Matters: Risk assets, including Bitcoin and Ethereum, were seen under pressure. The Dow Jones Industrial Average fell over 760 points on Thursday. The S&P 500 and Nasdaq were down 2.5% and 3.2% respectively intraday. 

Investors will be on the lookout for cues from Federal Reserve speakers John Williams, Michelle Bowman, and Mary Daly in the coming days to gauge the hawkishness of the central bank.

On Wednesday, the U.S. Federal Reserve announced a 50-basis point hike in rates. Chair Jerome Powell said, “We may have to raise rates higher to get where we want to go.”

On Thursday, The European Central Bank and The Bank of England followed by raising interest rates by 50 bps each.

“Bitcoin is softening as risk aversion hits Wall Street after major central banks signal that more work needs to be done to combat inflation. Bitcoin’s weakness is somewhat limited and won’t draw much attention unless price action dips below the $16,800 level,” said Edward Moya, a senior market analyst with OANDA.

Michaël van de Poppe told his followers on Twitter that they should see if Bitcoin can hold the $17,100 to $17,300 level. “Otherwise buyers are not stepping in and potentially more trouble is going to come,” said the cryptocurrency trader.

Ethereum appears to be in a “bearish fakeout” above the $1,300 mark, according to trader Justin Bennett. At the time of writing the second-largest coin was below that level at $1,270.84.

Meanwhile, several altcoins are still seeing bit “upticks” in address activity, according to Santiment. The market intelligence platform said that dormant wallets are awakening to move their funds right now. 

Santiment pointed to increased network activity in Yearn.Finance (YFI) and Uniswap (UNI) as such examples.

Read Next: Bitcoin, Dogecoin Or Litecoin: Who Will Reign Supreme In Battle For Speed, Cost-Effective Payments?

The market has been bearish for the past few months, and it doesn’t seem like it will recover anytime soon. This has caused a lot of investors to lose money, but there is still hope. Stakenomics (STAK) could help investors in the current market and save them from further losses. STAK is a new cryptocurrency that could revolutionize how investments are made. Stay tuned for more information on STAK and how it could benefit you.

Benefiting from the Bear Market: Stakenomics (STAK)

Stakenomics (STAK) is a Binance Smart Chain-based token that focuses on staking and providing users with a simple and convenient way to earn rewards. Presale of STAK involves stacking bonuses. Buying with BNB will get you 8% extra, or buying at stage one can also get you an extra 8%. The Stakenomics team believes that Binance Smart Chain is the most scalable blockchain system available today, making it an ideal platform for their project. Stakenomics is designed to be an easy-to-use and user-friendly platform that allows anyone to stake their STAK coins and earn rewards. The Stakenomics (STAK) team is committed to providing a fair, transparent, and secure environment for users to grow their digital assets.

Stakenomics (STAK) is a deflationary cryptocurrency that was created to be used as a store of value. The burning mechanism is designed to reduce the supply of STAK over time. This deflationary nature of the coin ensures that each STAK holder’s value of the total supply increases as others sell or lose their coins. This combination of factors makes STAK an attractive option for investors looking for a long-term investment option in bear markets.

Dogecoin (DOGE) Still Has the Potential to Turn the Tables

Dogecoin (DOGE) is a decentralized, peer-to-peer digital currency that lets you easily send money online. Its primary purpose is to provide a more secure and convenient way of sending money than traditional payment methods. Dogecoin (DOGE) is based on the famous “Doge” meme and was created by Jackson Palmer and Billy Markus. Dogecoin has a large and passionate community that is constantly helping to promote and develop the currency.

We recommend buying Dogecoin (DOGE) as it is a great way to get started in the world of cryptocurrency. Its low price makes it an affordable entry point, and its popularity makes it easy to find someone to trade with. Dogecoin also has a bright future, with plans to implement new features such as Lightning Network and Atomic Swaps. As a result, we believe that Dogecoin is a good option for both long-term investments and short-term holders.

You Should not Miss out on Aave (AAVE)!

Aave (AAVE) is a decentralized lending platform built on Ethereum that allows users to earn interest on their cryptocurrency deposits. Its features include flash loans, which allow users to borrow against their deposited funds without having to first sell them, and Crypto Collateral Loans, which allow users to use cryptocurrencies as collateral. Despite the recent bear market, we believe that Aave (AAVE) is an excellent long-term investment.

Its unique features make it well-positioned to benefit from the growing demand for DeFi applications. Moreover, its lending protocol is now live on the mainnet, making it one of the few DeFi protocols that are operational. For these reasons, we recommend buying Aave (AAVE) at its current price.

It’s important to keep an open mind regarding new investment opportunities, and Stakenomics (STAK) is no exception. While the platform is still in its early stages, the growth potential is there. Dogecoin (DOGE) and Aave (AAVE) are two other examples of cryptocurrencies that may be worth watching in the coming months and years.

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

It should be noted that Nicoll, also works as a full time employee for another company, the name of which is currently unknown. According to Nicoll, his departure is not absolute and there’s “further complication” as his employer is moving into the blockchain space, which could stoke the risk of conflict of interest if he were to remain as director of the Dogecoin Foundation.  “I’m handing over everything I can to the Dogecoin Foundation. I will be remaining as an advisor to the Foundation, to enable transition,” he wrote in a blog post.

The chief developer  also wrote about the number of threats that Dogecoin Foundation continues to face. In 2021,  a number of parties were registering trademarks for Dogecoin, presumably to claim “they” were Dogecoin. “External parties we had never heard of managed to get articles published which referred to them as Dogecoin developers. In the summer of 2021, there was a potential lawsuit against the developers from someone who claimed we were responsible for their funds,” Nicoll said, adding that he is not in the right mindset to steer Dogecoin into the next phase.

Just few week ago Billy Markus, the co-founder of Dogecoin had asked supporters to “stay cool” amid the cryptocurrency failing to gain any significant traction since January 2022. In a tweet, Markus warned the members of the meme-coin community against getting “crazy, toxic, attacky, spammy,” and said that could devalue the brand.

Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer as a faster but “fun” alternative to Bitcoin. It was started as a satire on the numerous fraud crypto coins that had sprung up at the time, and takes its name and logo from a Shiba Inu meme that was viral several years ago.

“Doge” also has an ardent supporter in Tesla CEO Elon Musk, who frequently tweets have added to the digital token’s mania. Musk had once changed his Twitter bio to “Former CEO of Dogecoin.” Other celebrities, including rapper Snoop Dogg and rock musician Gene Simmons, have also promoted it on social media.