Ethereum has slipped below the $2,800 level and is now struggling to hold the 
$2,700 area, extending a phase of price weakness amid fragile market 
conditions. Recent price action shows limited follow-through on rebounds. With 
sellers continuing to cap upside attempts as broader risk appetite remains 
uneven. While spot momentum has softened, on-chain data suggests a more 
nuanced picture beneath the surface. Related Reading: XRP Risk-Adjusted 
Returns Signal Consolidation Rather Than Trend Formation – Details The 
realized price of the ETH accumulation address continues to trend higher and 
is now approaching the current market price. This dynamic indicates that 
accumulation activity has not stalled despite the drawdown. In practice, a 
rising realized price reflects coins being acquired at progressively higher 
cost bases, signaling continued participation from long-term buyers rather 
than capitulation. Importantly, this realized price zone has historically 
acted as a strong support level for accumulation whales. Notably, this price 
range has never been broken in prior tests. Each prior interaction with the 
realized price of the accumulation coincided with stabilization rather than an 
accelerated downside. Reinforcing its relevance as a structural reference. 
While this does not guarantee immediate upside or prevent short-term 
volatility, it provides context for the current consolidation near $2,700. 
Whale Cost Basis Emerges as Key Support A recent report from CryptoQuant 
explains that Ethereum has declined to around $2,682, a level that aligns 
closely with the realized price of the ETH accumulation address. This metric 
tracks the average cost basis of long-term accumulators. It provides a key 
reference point to assess where committed buyers stand. Historically, the 
realized price of accumulation addresses has acted as a strong structural 
support, particularly during corrective phases. When market price converges 
toward this level, it often reflects a transition from speculative selling to 
absorption by longer-term holders. In the current context, this zone is 
actively providing support, with price stabilizing rather than accelerating 
lower despite broader market pressure. CryptoQuant data also shows that whale 
accumulation remains active. Large holders continue to add ETH near these 
levels, suggesting confidence in this cost basis and reinforcing its role as a 
defended price zone. This behavior contrasts with distribution patterns 
typically seen near market tops, where realized prices flatten or decline as 
long-term holders reduce exposure. As long as the accumulation cohort 
maintains its position and does not begin to distribute, the probability of 
sustained downside below this level remains limited. Strong whale buying 
anchors price action near $2,680, establishing a meaningful support zone even 
as short-term volatility persists. Related Reading: Bitmine Stakes Additional 
250,912 Ethereum Worth $745M – 61% Is Now Staked Ethereum Tests Long-Term 
Demand Ethereum’s price action continues to reflect a market under pressure. 
ETH is now trading around the $2,700–$2,750 zone after failing to hold above 
the $3,000 psychological level. The chart shows a clear sequence of lower 
highs and lower lows since the November peak, confirming that the broader 
trend remains corrective rather than impulsive. ETH is trading below its 
short- and medium-term moving averages. With the 50-day and 100-day averages 
acting as dynamic resistance on recent rebounds. The 200-day moving average, 
still trending higher above $3,500, highlights the loss of long-term momentum 
and reinforces the idea that the market has shifted into a consolidation-to- 
distribution phase rather than a continuation of the prior uptrend. 
Importantly, the $2,700 area aligns closely, driven by panic selling but 
rather by a lack of aggressive follow-through under pressure since December, 
suggesting the presence of structurally committed buyers. Volume has declined 
during recent sell-offs. This indicates that downside moves are not being 
driven by panic selling, but rather by a lack of aggressive follow-through 
from buyers. Related Reading: Ethereum Leverage Remains At Record High: What 
Happens Next? As long as ETH holds above the $2,650–$2,70signal a deeper 
retracement, whereasemain range-bound, with volatility compressing. A decisive 
breakdown below this zone would open the door to a deeper retracement, while 
stabilization here would support the case for base-building rather than trend 
continuation. Featured image from ChatGPT, chart from TradingView.com

Ethereum Trades At A Historical Accumulation Level: Can Bulls Hold $2,600

President Donald Trump has revealed that Kevin Warsh, who served on the Fed’s 
Board of Governors from 2006 to 2011, is his pick to become Chairman of the 
Federal Reserve. His nomination is considered bearish for crypto as he might 
promote monetary discipline and reduce liquidity. Kevin Warsh Emerges As 
Trump’s Nominee To Become Fed’s […]

Trump’s Fed Chairman Pick Revealed: Kevin Warsh to Succeed Jerome Powell

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Nubank&#8217;s US expansion could reshape the digital banking landscape, challenging 
traditional banks with its innovative, customer-centric model.
The post Brazil&#8217;s Nubank gets conditional approval to establish US national 
bank appeared first on Crypto Briefing.

Brazil’s Nubank gets conditional approval to establish US national bank

Trump nominates Warsh after Bessent vetted other candidates like Waller and 
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Cryptocurrency price in CNY