TLDR
- Two whales purchased 11,306 ETH worth $20.59 million, pushing one holder’s total to $84.3 million in ETH
- ETH has held the $1,800 level for three consecutive days, trading at $1,807
- Exchange outflows have been negative for eight straight days — the longest streak this year
- Robinhood’s new Layer-2 chain uses ETH as its gas token, with $141 million already bridged
- Ethereum holds a 47% market share of Real World Assets, with TVL at $260 billion — above ETH’s own market cap
Ethereum is holding steady around the $1,800 mark, and whale activity is picking up at the same time a major new Layer-2 network is boosting demand for ETH.
At press time, ETH was trading at $1,807, up 0.26% on the day. The price has stayed above $1,800 for three days in a row.
Two large wallets, likely linked to the same entity, purchased 6,358 ETH worth $11.59 million, according to Onchain Lens. A separate whale withdrew 4,948 ETH worth $9.01 million from an exchange, bringing that wallet’s total holdings to 49,407 ETH — valued at $84.3 million.
Combined, these two entities bought 11,306 ETH worth $20.59 million in a short window.
Crypto analyst Ali Charts weighed in on the price action, saying on X: “I’m going LONG on Ethereum $ETH if it breaks $1,850.” The call from Ali Charts points to $1,850 as the key short-term level traders are watching before making further upside moves.
I'm going LONG on Ethereum $ETH if itbreaks $1,850. https://t.co/eDUNoRnGzw pic.twitter.com/FWoVgAmjOJ
— Ali Charts (@alicharts) July 13, 2026
Exchange Outflows Hit Longest Streak of the Year
CryptoQuant data shows Ethereum’s Exchange Netflow has been negative for eight consecutive days. That is the longest negative streak year-to-date.
When more ETH is leaving exchanges than entering, it typically means holders are moving coins into private wallets rather than selling. This reduces the supply available to sell on the open market.
The Exchange Supply Ratio dropped to a three-week low of 0.13. Historically, this kind of setup has come before price increases for ETH.
The Relative Strength Index has stayed above 50 for eight straight days, lining up with the outflow data to suggest demand is driving the current price action.
Robinhood Chain Adds Fresh Demand for ETH
The launch of Robinhood Chain, a new Layer-2 network, has added a fresh source of ETH demand. The chain uses ETH as its native gas token.
Around $141 million in ETH has already been bridged to the network. Over 500,000 wallets are now active on the chain.
In the past 24 hours, Robinhood Chain surpassed both the Ethereum mainnet and rival L2 Base in DEX volume, hitting $877.56 million. Robinhood’s platform serves customers in 120 countries and offers tokenized stocks.
Leon Waidmann, head of Research at Lisk, pointed out that Ethereum’s Total Value Locked of $260 billion now exceeds ETH’s market cap of $210 billion. Waidmann said this signals that “ETH is underpriced.”
Ethereum also holds 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.
