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Ether is turning green. In order books as well as on social networks, a sense of ascent is in the air. People are watching for a trigger. If there is one promise that the Ethereum crypto has been inspiring for months, it is that of a rebound driven by its ETFs. But this crypto is not limited to that. Behind the scenes, big holders are active, the numbers are growing denser, and a subtle dynamic is taking shape. The market is waiting for a wick. The wick that will ignite everything.
In brief
- Ethereum remains stuck below $2,600 despite seven weeks of massive positive ETF inflows.
- More than 30 million ETH are stored in wallets that have never been spent.
- Retail is slow to respond, with fewer than 400,000 active addresses each day.
- Tokenization and the use of stablecoins give Ethereum a renewed role as a central financial architecture.
The calm before the storm: Ethereum moves under cover
The price of Ethereum is stagnating, some say. And yet… For seven weeks, ether-related ETFs have been receiving massive inflows: 106,000 ETH have been injected, equivalent to $260 million. A paradoxical situation: ETH remains stuck below $2,600, flirting with $2,592 in recent hours. Technical indicators? Flat. Neutral RSI. Moving averages stuck.
But the market loves these heavy silences. Like a compressed spring, Ethereum could leap if certain thresholds are crossed. Analysts are watching the $2,745 level. A clear breakthrough could lead to a rise toward $3,067, even $3,300 if the stars align.
In summary, the market is waiting for the green light. The gas is ready. The spark is missing.
Whales, ETFs, and retail: an invisible war shakes the Ethereum crypto
Beneath the surface, a silent tug-of-war is underway. On one side, the whales and institutional investors: they are accumulating. According to on-chain data, 30 million ETH are currently stored in accumulation wallets—never spent. A strategy: to absorb the available supply. For several months, over 200,000 ETH have been withdrawn from crypto exchanges each week.
On the other side, retail is stalling. Engagement is dull. The number of active addresses remains stuck between 300k and 400k per day. And as long as this mass does not exceed 400,000, the bullish momentum is slowed.
The balance is fragile. CryptoQuant’s Banker sums it up like this:
whales use exchange withdrawals to counter retail sell orders, creating a supply squeeze.
Meanwhile, ETFs are filling up. BlackRock reactivated its Ethereum fund in June, and in just one day, $40 million flowed into ETH ETFs. The match is underway. And the score is tight.
Tokenization, stablecoins, ETFs: the 3 secret engines of the Ethereum recovery
The Ethereum crypto doesn’t just attract flows. It structures the infrastructure of tomorrow. Since the announcement of the tokenized BlackRock fund (BUIDL), real asset tokenization is becoming a reality. Robinhood is even launching tokenized stock trading in Europe. And the USDC and USDT stablecoins? They still rest on the Ethereum foundation.
Companies are pivoting: BitMine abandons bitcoin to put ETH in treasury, SharpLink as well. The message is clear: Ethereum is seen as the backbone of financial Web3.
Key figures to remember:
- $2 billion inflows to Ethereum ETFs since December;
- 1.5 million transactions/day on the ETH network: a high since 2023;
- Over 30 million ETH stored by long-term hodlers;
- 24% annual price drop despite bullish signals;
- +5.7% increase this week, back in the spotlight.
The wick may not be far away. The ground is prepared.
On the horizon, the Ripple crypto (XRP) is also stirring. Stuck below $2.35, it awaits its moment. Analysts are already suggesting a hypothesis: an ETF could change everything. The crypto ecosystem is restless, each piece interlocks, and some could fall faster than expected.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
