TLDR
- Two whales bought 11,306 ETH worth $20.59 million, bringing one holder’s total to $84.3 million worth of ETH.
- ETH maintained the $1,800 level for three straight days, trading at $1,807
- Exchange outflows have been negative for eight consecutive days – the longest streak this year
- Robinhood’s new Layer-2 chain uses ETH as its gas token, with $141 million already paid out.
- Ethereum has a 47% market share of real-world assets, with a TVL of $260 billion – higher than ETH’s market capitalization
Ethereum holds steady at $1,800, whale activity picks up at the same time as a new layer 2 mainnet boosts demand for ETH.
At press time, Ethereum was trading at $1,807, up 0.26% on the day. The price stayed above $1,800 for three consecutive days.
Two large wallets, likely linked to the same entity, bought 6,358 Ethereum worth $11.59 million, according to Onchain Lens. A separate whale withdrew 4,948 Ethereum worth $9.01 million from the exchange, bringing that wallet’s total holdings to 49,407 Ethereum – worth $84.3 million.
Together, these two entities purchased 11,306 Ethereum worth $20.59 million in a short period.
Cryptocurrency analyst AliCharts commented on the price action, saying on X: “I will buy Ethereum $ETH if it crosses $1,850.” The call from Ali Charts points to the $1850 level where major short-term traders are watching before making further upward moves.
I’m going long on Ethereum $ Ethereum If it breaks $1850. https://t.co/eDUNoRnGzw pic.twitter.com/FWoVgAmjOJ
– Ali Charts (@alicharts) July 13, 2026
Stock exchange outflows reached the longest streak of the year
CryptoQuant data shows that Ethereum’s Netflow has been negative for eight consecutive days. This is the longest negative streak since the beginning of the year so far.
When more ETH leaves exchanges than enters, it usually means that coin holders are moving the coins to private wallets instead of selling. This reduces the supply available for sale on the open market.
The bid-exchange ratio fell to a three-week low of 0.13. Historically, this type of setup came before ETH prices rose.
The RSI has remained above 50 for eight straight days, lining up with outflow data to indicate that demand is driving the current price action.
Robinhood Chain Adds New Demand for ETH
The launch of Robinhood Chain, a new layer 2 network, has added a new source of demand for ETH. The chain uses ETH as its native gas token.
About $141 million USD worth of ETH has already been transferred to the network. Over 500,000 wallets are now active on-chain.
In the past 24 hours, Robinhood Chain has surpassed both Ethereum mainnet L2 Base competes in DEX volume, reaching $877.56 million. The Robinhood platform serves customers in 120 countries and offers tokenized shares.
Leon Weidmann, head of research at Lisk, noted that Ethereum’s total market cap of $260 billion now exceeds Ethereum’s market cap of $210 billion. This indicates that “Ethereum is underpriced,” Weidman said.
Ethereum also has a 47% market share in real-world assets, according to Rwa.xyz data.
For ETH to keep its current structure intact, analysts say it needs to close above the short-term moving average at $1,778.
