Over the past two weeks, the Ethereum price has trended downward, sparking 
fears of another prolonged correction. However, data from a recent on-chain 
analysis indicate that the long-term bullish case for Ethereum remains quite 
strong. Related Reading: Solana Vs Ethereum: What’s Holding Growth Back? 3 
Reasons SOL Is Still Lagging Staked Ethereum Metric Indicates Long-Term 
Investor Confidence In a recent QuickTake post on CryptoQuant, crypto analyst 
PelinayPA highlights a confluence of on-chain signals reflecting a strong 
confidence among Ethereum long-term traders. First, the market analyst notes 
that the Staked Amount metric, which began to rise in 2023, has reached an 
all-time high early in 2026. This means the amount of staked ETH has risen 
significantly, and that a large (and growing) portion of Ethereum’s 
circulating supply is being removed from active market circulation. In turn, 
this reduces the amount of ETH available for sale. At the same time, the MVRV 
metric signals that the Ethereum market remains healthy, despite recent 
corrections. PelinayPA explains that while many ETH holders are in profit, the 
MVRV metric has yet to enter the overheated zones historically reached at 
cycle tops. Related Reading: Bitcoin Traders Step Back In After Longest 
Deleveraging Since 2022 Binance Depositor Activity Reinforces The Narrative 
Interestingly, Binance depositor activity has not been rising the same way as 
the amount of staked ETH. For context, when depositor activity climbs, it is 
often interpreted as a sign of imminent short-term sell pressure. This is 
because investors mostly send ETH to Binance in preparation for selling or 
taking profits. So, while depositor activity has been on the rise, PelinayPA 
notes that this is inconsequential in the long-term, as staked ETH is climbing 
steadily and even more aggressively, compared to the amounts recorded in 
Binance deposits. Simply put, this means that while short-term players are 
planning to sell Ethereum, long-term holders are simply taking Ethereum out of 
circulation and staking it. PelinayPA explains that this kind of divergence 
often sets the tone for a supply squeeze to play out in the medium to long 
term. Finally, the crypto analyst reveals that Ethereum’s Realized Cap has 
also continued to climb. According to the analyst, this reflects that capital 
is still entering the Ethereum market. Interestingly, PelinayPA points out 
that this kind of structure is typical of late bull cycles rather than bearish 
markets. Hence, the Ethereum market is currently in a strong bullish trend and 
may see occasional corrections. According to PelinayPA, when these pullbacks 
show up, they would likely be buying opportunities, but only if the Binance 
depositor activity metric has not seen any sudden spikes. As of press time, 
Ethereum trades for $2,113, reflecting a 2.26% growth over the past day, 
according to CoinMarketCap data. Featured image from Pexels, chart from 
Tradingview

Over the past two weeks, the Ethereum price has trended downward, sparking fears of another prolonged correction. However, data from a recent on-chain analysis indicate that the long-term bullish case for Ethereum remains quite strong. Related Reading: Solana Vs Ethereum: What’s Holding Growth Back? 3 Reasons SOL Is Still Lagging Staked Ethereum Metric Indicates Long-Term &#8230;

Ethereum Pullbacks Spark Accumulation Activity – Here’s Why

The political uncertainty surrounding the Iran ceasefire deal could sustain 
volatility in oil and crypto markets, impacting global economic stability.
The post Republican hawks criticize Trump over emerging Iran ceasefire deal, 
and crypto markets are watching closely appeared first on Crypto Briefing.

The political uncertainty surrounding the Iran ceasefire deal could sustain volatility in oil and crypto markets, impacting global economic stability. The post Republican hawks criticize Trump over emerging Iran ceasefire deal, and crypto markets are watching closely appeared first on Crypto Briefing.

Republican hawks criticize Trump over emerging Iran ceasefire deal, and crypto markets are watching closely

Aave&#8217;s strategic focus on revenue diversification and stablecoin expansion 
could redefine DeFi&#8217;s financial ecosystem, enhancing stability.
The post Aave plans to grow revenue streams and expand GHO over next year 
appeared first on Crypto Briefing.

Aave&#8217;s strategic focus on revenue diversification and stablecoin expansion could redefine DeFi&#8217;s financial ecosystem, enhancing stability. The post Aave plans to grow revenue streams and expand GHO over next year appeared first on Crypto Briefing.

Aave plans to grow revenue streams and expand GHO over next year

Binance Australia will require sender and beneficiary details for all crypto 
deposits and withdrawals from July 1 under local rules in 2026.

Binance Australia will require sender and beneficiary details for all crypto deposits and withdrawals from July 1 under local rules in 2026.

Binance Australia adds new crypto transfer rule from July 1

Hyperliquid has used over $1.16b in fees to buy HYPE, raising fresh questions 
over ETF demand, trading volume risk and token support today.

Hyperliquid has used over $1.16b in fees to buy HYPE, raising fresh questions over ETF demand, trading volume risk and token support today.

Hyperliquid buybacks, not ETFs, may be driving HYPE’s record run

The potential US-Iran deal could redefine global crypto sanctions enforcement, 
impacting blockchain networks and investor strategies.
The post Iran and US signal imminent deal to end war as $344M in crypto assets 
remain frozen appeared first on Crypto Briefing.

The potential US-Iran deal could redefine global crypto sanctions enforcement, impacting blockchain networks and investor strategies. The post Iran and US signal imminent deal to end war as $344M in crypto assets remain frozen appeared first on Crypto Briefing.

Ethereum Pullbacks Spark Accumulation Activity – Here’s Why

Comments