Key Highlights
- Major investors acquired 11,306 ETH valued at $20.59 million, with one wallet’s holdings reaching $84.3 million
- Ethereum has maintained support above $1,800 for three straight days, currently trading at $1,807
- Exchange withdrawals have exceeded deposits for eight consecutive days — marking the longest run in 2025
- The newly launched Robinhood Layer-2 network utilizes ETH for transaction fees, attracting $141 million in bridged assets
- Ethereum commands a 47% share of the Real World Assets sector, with total value locked reaching $260 billion — surpassing ETH’s market capitalization
Ethereum maintains its position near the $1,800 threshold as significant whale accumulation coincides with increased utility demand from a prominent new Layer-2 ecosystem.
Currently, ETH is changing hands at $1,807, representing a modest 0.26% gain over the past 24 hours. The cryptocurrency has successfully defended the $1,800 support level for three consecutive trading sessions.
According to data from Onchain Lens, two substantial wallets, potentially controlled by a single entity, accumulated 6,358 ETH worth approximately $11.59 million. Additionally, another large holder extracted 4,948 ETH valued at $9.01 million from a centralized exchange, elevating that particular wallet’s total position to 49,407 ETH — currently worth $84.3 million.
Together, these major players secured 11,306 ETH worth $20.59 million during a concentrated buying period.
Prominent crypto analyst Ali Charts shared his perspective on the current market dynamics via X, stating: “I’m going LONG on Ethereum $ETH if it breaks $1,850.” This observation from Ali Charts highlights $1,850 as the critical near-term resistance level that market participants are monitoring for potential breakout confirmation.
Exchange Withdrawals Reach 2025’s Longest Consecutive Streak
Analysis from CryptoQuant reveals that Ethereum’s Exchange Netflow indicator has remained in negative territory for eight straight days, establishing the longest sustained withdrawal pattern recorded this year.
When withdrawal volumes surpass deposits on exchanges, it generally indicates that investors are transferring their assets to self-custody solutions rather than preparing to sell. This behavior effectively constrains the immediately available supply for market transactions.
The Exchange Supply Ratio has declined to 0.13, marking a three-week low. Historical patterns suggest this type of configuration has frequently preceded upward price movements for Ethereum.
The Relative Strength Index has remained positioned above the 50 threshold for eight consecutive days, aligning with the withdrawal trends to indicate sustained buying pressure in the current market environment.
Robinhood’s New Layer-2 Network Generates Additional ETH Utility
The introduction of Robinhood Chain, a recently deployed Layer-2 scaling solution, has created an additional use case for Ethereum. The network designates ETH as its primary token for transaction fees.
Approximately $141 million worth of ETH has been transferred to the network through bridging mechanisms. The chain has already attracted more than 500,000 active wallet addresses.
During the last 24-hour period, Robinhood Chain exceeded both the Ethereum mainnet and competing L2 solution Base in decentralized exchange trading volume, recording $877.56 million. The Robinhood platform maintains operations across 120 countries and provides access to tokenized equity products.
Leon Waidmann, Research Director at Lisk, emphasized that Ethereum’s Total Value Locked figure of $260 billion currently surpasses ETH’s market capitalization of $210 billion. Waidmann characterized this disparity as evidence that “ETH is underpriced.”
Ethereum also maintains a dominant 47% market share within the Real World Assets category, based on data compiled by Rwa.xyz.
Market analysts indicate that for ETH to preserve its current technical formation, the price must maintain closes above the short-term moving average positioned at $1,778.
The post Ethereum (ETH) Surges Toward $2,000 as Major Whales Accumulate and Robinhood Chain Gains Momentum appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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