Ethereum’s current price settled at $2,683.63 as of Feb. 18, showing a 3.74% decline since yesterday. ETH followed a downward pattern last week, dropping by about 5.2%. The total market value of ETH now reaches $322 billion, and people trade $18 billion daily.
Although Solana, Avalanche, TON, and Optimism experienced uninterrupted stablecoin money loss over the past week, Ethereum received a major $1.1 billion stablecoin cash injection for its platform.
Buyers shift their funds from blockchain networks to Ethereum when they move their stablecoins. The strong flow of funds into Ethereum may produce better returns for Ether than the tokens issued by other networks.
Ethereum Outperforms Bitcoin Amid Growing ETF Inflows
Ethereum gained 3% last week, reinforcing its market shift as Solana (SOL), Avalanche (AVAX), and TON depreciated during the same period. Data suggests Ethereum gains strength from new stablecoin investments, boosting its market position. Ethereum grew by 3% during this period, while Bitcoin lost by 2%. Investments in U.S. spot Ethereum ETFs are now on the rise.
According to Glassnode analysis, ETH-based Exchange-Traded Funds received 145,000 tokens from investors during the first half of February 2023. The winter of 2023 caused Bitcoin ETFs to lose 2,214 BTC from investments.
Fidelity as a financial organization expanded its Bitcoin and Ethereum ETF portfolios on Feb. 18 by receiving 961 Bitcoin and 4,249 Ethereum, according to Lookonchain data demonstrating institutional adoption of cryptocurrencies.
The data shows that companies from traditional finance are heading towards digital asset adoption through Fidelity’s recent holdings, which may boost market stability and trust for crypto ETFs.
Glassnode analyzes Solana’s (SOL) performance against Ethereum (ETH) and Bitcoin (BTC) from January to February 2025. The statistics show Solana exceeded Ethereum’s price performance in the first 49 days of 2023, with 23 winning days. During those 23 dates, Solana recorded higher prices or smaller losses than Ethereum.
According to the post, Solana achieved more gains daily but showed greater sensitivity to market downturns. During the latest 30 days ending on Feb. 17, Solana lost 32% of its value. Solana fell harder than Ethereum at 17%, while Bitcoin remained down 8%.
Analyst Prediction About Ethereum
Crypto analyst Merlijn showcased an ascending triangle pattern in ETH that demonstrates the currency may experience big price variations because the design has consistently broken through stable boundaries since 2016.
When it leaves a downturn period, the market follows its normal pattern by accumulating Ethereum before exploring new price possibilities. The Securities and Exchange Commission recently authorized spot Ethereum ETFs, which may enhance ETH market movement and investor investment.
Market watcher Ali Martinez analyzed how Ethereum (ETH) dropped below $2,600, which shows its key support point for the altcoin season. When altcoin values increase sharply, the market calls it Altseason because people move their Bitcoin funds into different cryptocurrencies. Technical analysis data associated with the post displays an Ethereum chart traders must study for accurate price movement forecasts.
Crypto Rover believes Ethereum can rise to $9,000 based on its market study, which appears in the chart to show an upward trend following market stabilization. This chart outlines how Ethereum has formed a descending triangle pattern, which usually predicts a major price increase, as indicated by the green pointer. The expert forecast appears now because Ethereum reported an 8.18% decrease in value within the past day, showing regular ups and downs in digital currency markets.
Ethereum Price Analysis
ETH displayed a price of $2,675.16 as of press time. To sustain their momentum, bulls must overcome three significant obstacles at $2,604.48, $2,651.45, and $2,733.47. ETH shows strong reaction points at $2,475.49 and below because its support levels stand at $2,393.47 and $2,346.51.
The longer-term market outlook for Ethereum stays negative because the price remains under the $3,127.89 200-day Moving Average. Based on the Relative Strength Index reading, both bulls and bears maintain equal market control. During this price interval, cryptocurrency traders engage in steady trading across heavy buying and selling periods.
According to Coinglass records, the last 24 hours brought $61.8 million worth of Ethereum futures contract cancellations. Long positions lost $23.4 million, while short positions lost $38.4 million during the entire liquidation period.
What Are Ethereum Whales Doing?
According to crypto analyst Auntai, two large Ethereum wallet owners transferred 5,800 ETH to exchanges worth $15.73 million in USD. A cryptocurrency whale address at 0xc8D…e2CD sent 3,100 ETH. These funds came from an ETH purchase of 3,100 tokens on April 2023 at $1,890 each. Because the current market prices apply, this business activity will generate $2.546 million in profit.
The second address account, 0x41A…F7277, received 2,700 ETH from an exchange withdrawal made at the price level of $3,499 per ETH. Because of current market pricing, the money withdrawal would create a $1.655 million loss.
Crypto Rand shows the chart, which displays Ethereum holder totals by value throughout history. It shows these maximal investors continuing to buy more, implying they consider future price gains imminent. Recent data reveals that big crypto exchanges and whales may change Ethereum’s price through fraudulent market practices.
According to market analysis, Ethereum faces important changes from the proof-of-work system to proof-of-stake, which may considerably change its market value. Users can see from the chart that whales purchase more Ethereum, which affects the market value shown in the graph. Ethereum holders show signs of buying more coins, probably because of an upcoming Shapella update that will boost performance and save money.
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