Ethereum remains near the $1,800 level as large investors accumulate significant amounts of ETH, while a new Layer-2 network from Robinhood increases utility demand.
Whale activity moves over $20 million in ETH
ETH is currently trading at $1,807, posting a slight increase of 0.26% over the past day. The cryptocurrency has maintained support above $1,800 for three consecutive sessions.
Onchain Lens data shows two notable wallets, likely belonging to a single entity, acquired 6,358 ETH valued at about $11.59 million. In addition, another major wallet withdrew 4,948 ETH worth $9.01 million from a centralized exchange. This purchase brought the wallet’s total Ethereum holdings to 49,407 ETH, estimated at $84.3 million.
In total, these key players secured 11,306 ETH for $20.59 million during a focused period of accumulation.
Market analyst Ali Charts discussed technical levels on social media. He highlighted $1,850 as an important resistance point and noted his willingness to open a long position in ETH if this threshold is surpassed.
Market participants are watching for a breakout above $1,850 in ETH, with some strategists indicating that such a move could shift overall sentiment.
Exchange withdrawals post record streak in 2025
CryptoQuant reports indicate Ethereum’s Exchange Netflow has been negative for eight consecutive days, marking the longest such sequence observed this year.
When more ETH is withdrawn from exchanges than deposited, it commonly signals that investors are transferring funds to private wallets and are less likely to sell in the near term. This shift reduces the immediate supply available for trading.
The Exchange Supply Ratio has dropped to 0.13, its lowest level in three weeks. Historically, such configurations often precede upward price trends for Ethereum.
The Relative Strength Index, an indicator used to gauge momentum, has stayed above the 50 mark for eight days, reinforcing the idea of ongoing accumulation pressure.
| Metric | Latest Value | Trend/Significance |
|---|---|---|
| ETH Price | $1,807 | Maintained above $1,800 for 3 days |
| Net Exchange Withdrawals | 8-day streak | Longest in 2025 |
| Exchange Supply Ratio | 0.13 | 3-week low |
| RSI | Above 50 | 8 days, signals buying pressure |
Robinhood Chain boosts ETH utility
Robinhood, a US-based financial services platform known for its stock and crypto trading app, recently launched its own Layer-2 network called Robinhood Chain. The solution uses ETH as the main token for paying transaction fees.
So far, users have bridged about $141 million in ETH to the chain, and more than 500,000 wallet addresses have been activated.
On the previous day, Robinhood Chain surpassed both the Ethereum mainnet and Base L2 network in decentralized exchange trading volume, recording $877.56 million. The Robinhood platform currently operates in 120 countries and supports tokenized equity trading.
Leon Waidmann, Research Director at Lisk, noted that Ethereum’s total value locked (TVL) stands at $260 billion, exceeding the current ETH market capitalization of $210 billion. Waidmann described this gap as an indication that ETH could be undervalued.
According to Rwa.xyz data, Ethereum continues to lead the Real World Assets segment with a 47% market share. Technical analysts highlight that ETH’s near-term trend depends on closing above the short-term moving average, now positioned at $1,778.
Mini dictionary: Robinhood Chain, a Layer-2 scaling solution based on Ethereum, increases network throughput and lowers transaction costs by processing batches of transactions off the main blockchain before settling them on-chain.
