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<p>You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereal-waves-unprecedented-activity-in-ethereum-market" rel="noopener noreferrer nofollow">Ethereal Waves: Unprecedented Activity in Ethereum Market</a><br></p><p>Ethereum’s market remains stable around the $1,800 mark, with significant purchases by large holders igniting newfound interest. This surge happens alongside the recent unveiling of Robinhood’s new Layer-2 network, which is ramping up the demand for Ethereum’s utility.</p><h2 id="what-is-driving-the-whale-activity">What Is Driving the Whale Activity?</h2><p>Driven by a consistent trading price of $1,807, Ethereum has seen a slight uptick of 0.26% in recent trading. Maintaining its support for the past three days, the cryptocurrency has witnessed large-scale accumulations. Data from Onchain Lens indicates that two major wallets, potentially linked to a single buyer, acquired 6,358 ETH at roughly $11.59 million. Additionally, another significant wallet removed 4,948 ETH, valued at $9.01 million, from a centralized exchange, amassing a total of 49,407 ETH worth an estimated $84.3 million. Altogether, these activities resulted in the acquisition of 11,306 ETH, amounting to $20.59 million for these major players.</p><h2 id="will-the-resistance-at-1-850-be-broken">Will the Resistance at $1,850 Be Broken?</h2><p>A breakthrough above the $1,850 threshold is awaited, as some strategists suggest that climbing past this resistance could alter market sentiment positively. This perspective was echoed by market analyst Ali Charts, who expressed his intent to engage in long trading positions if Ethereum surpasses this key level.</p><p>Ethereum’s Negative Exchange Netflow, highlighted by CryptoQuant, has now persisted for eight days, marking a significant duration not previously seen this year. This negative trend typically suggests that investors are moving their assets away from exchanges into private wallets, thus constraining the available supply for immediate sale. The Exchange Supply Ratio also hit a three-week low at 0.13, which often indicates an upward price trend.</p><ul><li>ETH Price maintained above $1,800 over the past three days.</li><li>Net Exchange Withdrawals have lasted an eight-day streak, a record for 2025.</li><li>Exchange Supply Ratio is at its lowest in three weeks at 0.13.</li><li>The RSI has remained above 50 for eight days, indicating heightened buying pressure.</li></ul><h2 id="can-robinhood-chain-influence-ethereum-s-market">Can Robinhood Chain Influence Ethereum’s Market?</h2><p>Launched by Robinhood, the Layer-2 network named Robinhood Chain utilizes Ethereum as its main transaction <a href="https://en.bitcoinhaber.net/shiba-inu-team-completes-massive-token-burn-supported-by-shibarium" rel="noopener noreferrer nofollow">token</a>. This has facilitated a considerable bridging of $141 million worth of ETH and the activation of over 500,000 wallets since its debut. Remarkably, Robinhood Chain has even outperformed Ethereum’s mainnet and the Base L2 network in terms of decentralized exchange trading volume, hitting $877.56 million in just one day. Operating across 120 countries, Robinhood’s platform now supports tokenized equity trading, indicative of Ethereum’s extended utility.</p><p>Leon Waidmann from Lisk pointed out Ethereum’s Total Value Locked of $260 billion compared to its $210 billion market cap, suggesting that Ethereum might be undervalued. Ethereum retains a commanding 47% market share in the Real World Assets category, according to Rwa.xyz data. Analysts emphasize the importance of Ethereum closing above its short-term moving average set at $1,778 for a positive near-term trend.</p><h5><span>Continue Reading: </span><a href="https://en.bitcoinhaber.net/ethereal-waves-unprecedented-activity-in-ethereum-market" rel="noopener noreferrer nofollow">Ethereal Waves: Unprecedented Activity in Ethereum Market</a></h5>

Ethereal Waves: Unprecedented Activity in Ethereum Market

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