ETH price analysis Archives - Coin Engineer

Ethereum Rises 7%, What Do On-Chain Data Indicate?

Yeliz Akmaca — Tue, 10 Mar 2026 12:00:02 +0000

Ethereum has risen approximately 7% since March 8. The 8-hour chart shows an RSI divergence, with prices forming lower lows while the RSI forms higher lows. A similar divergence between February 15 and March 1 triggered a 15% rise. Now, as the recovery approaches $2,200, on-chain data is warning investors.

RSI Divergence and Historical Examples

The classic RSI divergence between February 15 and March 1 allowed Ethereum to rise 15% and reach a peak near $2,200. The current movement follows a similar technical pattern. However, on-chain accumulation and exchange outflows that supported the previous rise are not as strong this time.

Exchange Flows: Rising Inflows and Selling Pressure

On March 9, the exchange net position change turned positive, with inflows reaching 146,709 ETH. Rising inflows typically indicate that investors are moving coins onto exchanges, increasing the likelihood of selling pressure. Facing selling pressure immediately after this divergence is not a positive sign for bullish hopes.

Whale behavior has also shifted. Large investors reduced their holdings from 113.70M ETH on March 7 to approximately 113.61M ETH on March 10, a decrease of around 90,000 ETH. This combination shows that the current recovery lacks the accumulation support that fueled the previous 15% ETH price rise.

On-Chain Cost Data and Resistance Levels

URPD data shows that over 4% of Ethereum’s supply is concentrated between $2,030 and $2,180. These areas act as resistance where investors may sell near their cost basis.

$2,130: The first critical level that must be breached for a strong move.
$2,200: Psychological resistance that capped the March rise; 8-hour close here is important.
$2,270: Next major supply cluster; must be overcome for sustained bullish momentum.

A drop below $2,000 could weaken the recovery thesis, and a further decline toward $1,910 would reinforce the overall downtrend. Ethereum must first surpass $2,130 to maintain bullish hopes. The next key hurdle is the psychological $2,200 level, which limited the previous March rise. A confirmed 8-hour close above $2,200 would indicate absorption of nearby supply clusters and open the path toward $2,270.

Short-Term Perspective

The current recovery appears technically valid. However, on-chain data, whale activity, and dense supply clusters suggest that the rally may face stronger resistance than the previous attempt. Can Ethereum overcome these barriers, or will selling pressure return?

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Ether Exchange Reserves Hit Lowest Since 2015

Yeliz Akmaca — Sun, 07 Dec 2025 08:00:39 +0000

Ethereum is drawing attention as the amount held on centralized exchanges reaches unprecedented lows. According to Glassnode, only 8.8% of ETH remains on exchanges, the lowest level since 2015. This decline is closely linked to increased long-term staking and digital asset treasury purchases, which could tighten supply and influence market dynamics.

Ethereum Balances Plummet on Exchanges

Since early July, exchange-held ETH has dropped by around 43%. Analysts note that activities like staking, layer-2 usage, and treasury acquisitions are moving Ethereum off exchanges. Milk Road, a macro-investment research platform, highlighted that this represents Ether’s “tightest supply environment in history.” For comparison, Bitcoin reserves on exchanges still stand at 14.7%.

Momentum Indicators Signal Strength

On-Balance Volume (OBV) shows hidden buying strength despite short-term price resistance. Analyst Sykodelic emphasized that while price faced rejection, OBV often predicts upward movements reliably. Market sentiment may appear cautious, but a tightening supply could drive price action in the near future.

ETH Maintains $3,000 Support

Ether prices have largely remained above $3,000 over the past five days, struggling to break the $3,200 resistance. The ETH/BTC pair recently broke its downtrend, signaling potential relative strength against Bitcoin. Investors are closely watching these levels for signs of further upside.

Key Highlights:

Exchange-held ETH drops to the lowest level since 2015.
Staking and treasury purchases pull Ether off exchanges.
OBV indicator signals hidden buying strength.
ETH consolidates around $3,000 support.
ETH/BTC breaks downward trend line, showing strength.

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Ethereum Whale Wallets Hit Record After Fusaka Upgrade Boost

Yeliz Akmaca — Thu, 04 Dec 2025 09:30:25 +0000

Ethereum regained strong upward momentum after the Fusaka upgrade went live. The price reached a three-week high at 3,230 dollars and renewed investor interest. Medium-sized whale wallets holding between 1,000 and 10,000 ETH started accumulating aggressively in recent days. These wallets shaped the price direction throughout 2025. The recent rise signaled a return of market confidence. This trend also aligned with growing search demand for Ethereum price action.

Santiment described these addresses as “the main price indicator of 2025.” The network also gained 190,000 new wallets in a single day. This growth reflected a rapid expansion in on-chain activity. It also showed that Ethereum still maintains one of the strongest demand flows across the ecosystem. The data boosted expectations for short-term volatility. It further highlighted how investor behavior shifted after the upgrade.

Fusaka Upgrade Opens a New Phase for the Ethereum Ecosystem

The Fusaka upgrade improved performance and reduced rollup costs. It created a smoother connection between Layer-1 and Layer-2 infrastructure. Developer Terence Tsao confirmed the upgrade progressed without issues. He also said L2 chains continued to send blobs without interruption. His comments strengthened market expectations. They also highlighted developer confidence in the network.

“Fusaka went well and L2s kept sending blobs without disruption. Thanks to all teams, L1 and L2 now operate like a single machine.”

Fusaka is viewed as a milestone in Ethereum’s rollup-centric roadmap. The update expanded blob capacity and made transactions cheaper. It also strengthened user experience across decentralized applications. Bankless founder Ryan Sean Adams summarized the current momentum with strong remarks. He said developer motivation reached levels unseen since the Merge. This sentiment supported long-term optimism.

Meanwhile, daily gas usage exceeded 200 billion units on 3 December. It reached an all-time high on the same day Fusaka activated. This record revealed rising network activity. It also reflected strong demand for on-chain services.

Institutional Demand Builds as ETH/BTC Ratio Nears a Key Level

Market analysts pointed to new signals supporting Ethereum’s price direction. Ted Pillows noted that the ETH/BTC ratio approached a critical threshold. He added that reclaiming the 50-week exponential moving average could strengthen momentum. This move may also support altcoin markets. Analysts said institutional positioning became more visible. They emphasized that large moves often precede trend acceleration.

Institutional activity increased during the week. Tom Lee continued regular purchases and BitMine executed its third major ETH buy. Arkham Intelligence recorded two new wallets withdrawing 92 million dollars from Kraken and 58 million dollars from BitGo. BitMine now holds roughly 3.73 million ETH. This position reinforced market confidence. It further signaled long-term accumulation behavior among large entities.

Short-term charts showed 3,300 dollars as strong resistance. Meanwhile, support at 2,970 dollars remained intact. Analysts said price moves above this zone maintained a constructive outlook. Pullbacks were viewed as normal corrections. They added that trend strength relied on sustained network growth and institutional inflows.

Key Indicators to Watch in the Coming Sessions

The following metrics will guide Ethereum’s short-term outlook:

Sustained price action above 3,300 dollars
The protection of the 2,970-dollar support zone
Network expansion and institutional inflows
ETH/BTC ratio movements shaping broader market sentiment
On-chain activity responding to the Fusaka upgrade

Ethereum’s rising network usage, strong investor demand and Fusaka-driven technical improvements shaped a positive market picture. These factors supported bullish expectations as the year approached its final weeks. Investors also focused on behavior signals from mid-sized whales. Their actions may continue to influence the broader market trend.,

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BitMine Increases ETH Holdings as Ethereum Hits Four-Month Low

Yeliz Akmaca — Wed, 19 Nov 2025 11:00:01 +0000

Ethereum’s price recently fell to $2,997, marking a four-month low in the crypto market. This dip created new buying opportunities for major investors. BitMine Immersion Technologies continued its buy-the-dip strategy, further strengthening its Ethereum reserves.

According to blockchain analytics platform Lookonchain, BitMine Immersion Technologies transferred 21,054 ETH to a new wallet via Kraken. The transaction occurred on November 18 at 19:22:59 UTC and was valued at approximately $66.57 million.

BitMine has not yet confirmed this new transfer, though the company’s previous announcement of a 54,000 ETH purchase last week indicates that it continues to strategically increase its Ethereum holdings.

BitMine’s Ethereum Strategy and Market Analysis

BitMine now holds a total of 3.6 million ETH, representing close to 3% of Ethereum’s circulating supply. The company also maintains positions in Bitcoin and holds ORBS (Eightco) shares in its portfolio.

Its cash reserves have risen from $398 million last week to $607 million. This increase demonstrates BitMine’s liquidity strength despite tightening market conditions.

Crypto analyst and BitMine Chairman Tom Lee links the current market weakness to liquidity stress. Lee noted that a major market maker pulled back following the October 10 crash, creating short-term market strain.

Despite ongoing volatility, Lee emphasized that the crypto market has not yet reached its cycle peak. In his November note to investors, he highlighted that asset tokenization on Ethereum could increase blockchain demand over the long term.

Ethereum Opportunities and Long-Term Trends

The recent ETH price drop is opening strategic buying opportunities for major investors. Institutional purchases and increased liquidity support the market’s medium-term recovery potential. Asset tokenization is also digitizing traditional assets such as stocks, bonds, and real estate on Ethereum. This trend encourages investors to engage with the Ethereum ecosystem and strengthens long-term market demand.

BitMine’s strategic purchases and strong cash reserves provide a current example of institutional behavior capitalizing on ETH price dips. These moves demonstrate how major investors leverage market downturns to expand their holdings.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Ethereum Falls Below $3,000: Is the Bull Trend Breaking?

Yeliz Akmaca — Tue, 18 Nov 2025 09:00:51 +0000

Ethereum slipped under the 3,000-dollar level for the first time in four months, raising doubts about the strength of the broader bull cycle. The recent 40 percent pullback from August’s peak pushed traders to question whether the market still has enough momentum to sustain an uptrend. ETH continued to move in line with the altcoin market, showing the absence of a strong asset-specific catalyst in either direction.

ETH Pressure Driven by Macro Conditions

Concerns about global growth intensified in recent weeks. The risk of a US government shutdown, new import tariffs and weak consumer-sector earnings pressured sentiment. The artificial intelligence sector also faced rising energy and cost constraints, reducing appetite for tech-linked exposure.

Demand for leveraged ETH positions stayed weak for a month, keeping the futures premium below the neutral band. Companies accumulating ETH through equity or debt offerings saw their shares fall below net asset value, and this trend reduced investor interest in new financing while slowly diluting existing shareholders.

Drop in On-Chain Activity Added to Market Stress

Weaker activity on the network placed additional pressure on bullish expectations. Total Value Locked fell thirteen percent in thirty days to reach 74 billion dollars. Decentralized exchange volumes also declined noticeably during the same period. Ethereum remains the leading ecosystem, yet competition around trading activity became tougher as Solana and BNB Chain continued to attract flow.

Ethereum’s layer-2 landscape, however, expanded rapidly. Base, Arbitrum and Polygon eased congestion on the main chain and improved scalability. Lower base fees caused by rollups created debate, but the overall ecosystem got stronger. ETH kept its dominant position in real-world asset tokenization and decentralized stablecoin systems. Base processing more than 100 million transactions in a single week illustrates that momentum clearly.

What a Recovery Scenario Requires

A healthier outlook for Ethereum depends on easing global uncertainties. As the United States deals with a growing debt burden, central banks will likely need to inject liquidity to support economic conditions. If that shift begins, capital inflows into crypto may strengthen again and ETH could attempt a move back toward the 3,900-dollar zone.

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Ethereum Whales Add 14% More ETH Since April Price Crash

Yeliz Akmaca — Thu, 04 Sep 2025 08:30:49 +0000

According to Santiment, Ethereum whales have been steadily adding to their holdings since ETH hit its yearly low of $1,472 in April. Wallets holding between 1,000 and 100,000 ETH increased their balances by 14% in just five months. These wallets now control between $4.41 million and $440.81 million worth of ETH.

ETH is currently trading at $4,376, marking a 197% increase from its April bottom. Traders often monitor whale activity as a market signal. Large-scale selling usually signals weakness, while accumulation points to bullish expectations.

Not all whales timed the market correctly. Some sold close to the bottom and later re-entered at higher levels. For instance, on May 22 a wallet bought 1,425 ETH for $3.8 million after selling 2,522 ETH for $3.9 million in April.

ETF Inflows and Treasury Purchases

Ethereum’s rally has been largely supported by ETF inflows and corporate treasury allocations. In June, Sharplink Gaming and BitMine Immersion Technologies made their first ETH purchases, during a period when ETH traded between $2,228 and $2,813.

BitMine now holds $8.22 billion worth of ETH, making it the largest ETH treasury. Sharplink Gaming follows with $3.69 billion. Altogether, ETH treasuries own $15.83 billion in ETH, representing about 2.97% of the total supply.

August proved strong for Ethereum ETFs, which recorded $3.87 billion in inflows. In contrast, Bitcoin ETFs saw $751 million in outflows. Meanwhile, some institutions shifted back to BTC. Arkham reported that ETFs sold $135 million in ETH while buying $332 million in BTC.

Ethereum broke past its 2021 all-time high of $4,878, climbing to $4,934 on August 24. Fundstrat analyst Sean Farrell projects ETH could reach between $12,000 and $15,000 by year-end. On the other hand, some experts believe market focus will eventually return to Bitcoin

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Ethereum Rebounds From Key Support: What’s Next?

Yigit Taha OZTURK — Tue, 08 Jul 2025 12:00:33 +0000

In recent days, the crypto market has entered a quiet phase. This drop in volatility is often seen as the calm before the storm. Especially in major cryptocurrencies, the sideways price action may be signaling an impending breakout that could reshape the short-term market trend.

Strong Reaction From Ethereum

On the 4-hour chart, Ethereum (ETH) bounced from the 2,493 – 2,459 USD support zone with a notable upward move. This level has acted as a significant support for some time, and the bounce from here is technically important. Still, Ethereum has not clearly determined its next direction. Price action remains trapped between support and resistance.

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Breakout Direction Will Be Crucial

A similar pattern is seen in Bitcoin as well. The overall market is in a consolidation phase, which often precedes major moves. From a technical standpoint, strong momentum could build in either direction. Traders should closely monitor volume increases and breakout levels in the coming hours.

ETH/USDT pair 4-hour chart.

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Ethereum Foundation Shocks with $2 Million ETH Transfer!

Yeliz Akmaca — Fri, 30 May 2025 14:44:07 +0000

The Ethereum Foundation made a notable move in the crypto world. According to Etherscan data, it transferred 1,000 ETH (approximately $2.06 million) to an internal related wallet (0xc061…0B6d).

Ethereum Foundation Transfers $2M in ETH

Etherscan allows transparent tracking of transactions on the Ethereum blockchain. Experts confirm that the address is linked to the Ethereum Foundation. However, the foundation has not yet provided an official statement about the purpose of the transfer. The Ethereum Foundation typically uses its funds for development projects, grant programs, and operational expenses to improve the Ethereum network.

The community paid special attention to the timing of the transfer, amid market fluctuations and the post-Merge period of Ethereum. The transfer of 1,000 ETH was completed at a market value of about $2.06 million based on ETH’s price at that time.

Crypto investors and analysts expressed various opinions about the transfer. Some argued it was a routine fund management move by the Ethereum Foundation, while others speculated it could signal a major sale or a strategic action. Social media users debated whether the Foundation was aiming to provide liquidity or redistribute funds.

Ethereum Price Analysis: Technical Outlook and Expectations

ETH has recently formed a strong support zone between $2,500 and $2,600. The price recently tested the $2,700 resistance level but has not yet broken it decisively.

Technical indicators suggest Ether is in an overall uptrend. The 50-day and 100-day EMAs converge around the $2,400 level, marking a critical support area. The 50-day EMA being above the price and close to the 100-day EMA supports short-term bullish momentum. According to Glassnode data, over $280 million worth of ETH has flowed into exchanges. Glassnode also noted that Ethereum ETFs have minimal impact on Ether’s spot price: “Ethereum ETFs initially accounted for only 1.5% of spot market volume, indicating a relatively muted launch.”

The Relative Strength Index (RSI) is hovering around 66-67, showing the market is between neutral and overbought. However, the overall market structure maintains a bullish trend.

ETH rebounded from support at $2,463 and is aiming for the $2,600 resistance. Selling pressure may increase around $2,800. If ETH closes above $2,700, it could trigger an upward trend towards $2,900 and beyond. Conversely, a drop below $2,500 could lead to a retest of the $2,300 support level.

NOT INVESTMENT ADVICE

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Ethereum Surges Back As Market Dominance Bounces From Critical Low

Yigit Taha OZTURK — Wed, 23 Apr 2025 07:30:25 +0000

Ethereum (ETH) has surged nearly 15% in the past 24 hours, breaking past $1,800, outperforming Bitcoin (BTC) which saw only a 6% gain. Meanwhile, the broader crypto market recovered by 5%, pushing the total market cap back above $3 trillion.

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Following its crash to $1,400 on April 9, ETH has now rebounded by nearly 30%, leading analysts to suggest that the worst may be behind for the world’s second-largest crypto asset.

Dominance Recovery And Technical Setup

Crypto analyst “Rekt Capital” highlighted that ETH market dominance had fallen to 7%, matching 2019 lows. However, by April 23, that share rebounded above 7.5%, signaling a bounce from a critical support level.

Ethereum Dominance

Markus Thielen of 10x Research stated that the market was heavily shorted, fueling a potential “short squeeze.” Technically, Ethereum was in an oversold zone on both daily and weekly timeframes, creating the perfect condition for a rebound.

An upcoming mainnet upgrade is also acting as a bullish catalyst, restoring confidence in Ethereum and signaling renewed strength in the crypto market.

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Bitcoin and Ethereum Trade in Critical Zones: Which Way?

Yigit Taha OZTURK — Wed, 19 Mar 2025 13:00:35 +0000

Volatility continues in the cryptocurrency market. Both Bitcoin and Ethereum are moving around key support and resistance zones, drawing the attention of investors. Technical indicators and price formations suggest that critical breakouts may be imminent.

Bitcoin (BTC) Technical Analysis

On the daily chart, Bitcoin continues to fluctuate within the bearish FVG zone identified in previous analyses. The lack of a clear rejection signal from this region indicates that traders considering long positions should exercise caution.

If the price breaks above this area, the target level is 86,600 dollars.
Conversely, if selling pressure increases, the first support level to watch will be 80,038 dollars, coinciding with the bullish FVG zone, which could serve as a potential recovery point.

BTC/USD daily chart.

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Ethereum (ETH) Technical Analysis

Ethereum is attempting to hold the support zone we highlighted in previous analyses. Consistent daily closes above this level could open the path toward 2,108 dollars.

If 2,108 dollars is reclaimed, we may witness a swift move toward the 2,200 – 2,300 dollar range.
However, if support fails and downward pressure persists, the price could decline back to 1,745 dollars, representing the next major support zone.

ETH/USDT 4-hour chart.

Both Bitcoin and Ethereum are trading at significant price levels. Movements within FVG zones and key support-resistance areas will determine the short-term market direction. Monitoring closing prices and trading volumes is essential for informed decision-making.

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