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The FIFA Blockchain is Coming: What Happens Next?

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  • FIFA Collect is upgrading to its own EVM-compatible blockchain around May 20th, 2025, promising better performance and new features for users’ digital collectibles.
  • Users with exported collectibles must re-import them before the migration; post-migration, only EVM wallets like MetaMask will be supported.
  • FIFA is also exploring a native coin launch before the 2026 World Cup, signaling a deeper dive into the digital finance space.

FIFA’s digital collectibles arm is leveling up, transitioning into an EVM-compatible blockchain. Until now, FIFA Collect was managed through a third-party provider. This marks its first direct dive into blockchain technology. The proposed upgrade is set to provide a better user experience, performance, and improved scalability.

Targeted for May 20th, 2025, a platform will announce a confirmed go-live date and clear instructions soon. For users, their digital collectibles will simply move to the new blockchain instead of FIFA Collect. While further details are awaited, the new chain will support new experiences, enable wallet compatibility, and provide stronger foundations for future innovation. 

FIFA
The FIFA Blockchain is Coming: What Happens Next? 2

Those who have exported collectibles are required to bring them back onto the FIFA Collect platform before the above deadline. Once the platform has migrated to the new blockchain, users will still be able to withdraw their stablecoin holdings such as USDC out of the platform but won’t be able to use them to buy new collectibles on the platform anymore. This indicates the new platform might use a different currency or payment system for purchases. 

Impact on Access, Listings, and a Glimpse into FIFA’s Digital Currency Plans

During the migration, users might face a temporary downtime of nearly 12 hours, which would be notified prior.  Also, wallets other than MetaMask or any EVM wallet will not be accepted after the migration.

Furthermore, listed collectibles will be automatically listed in the new platform unless delisted by the user before the migration date.

Notably, the football association is also exploring launching a digital currency, potentially called the “$FIFA Coin,” ahead of the 2026 World Cup. Market observers say this is a strategic play to boost fan engagement and tap into the emerging fintech space.

Read more: FIFA Partners up With Algorand for the 2022 World Cup

BlackRock Files for Tokenized Shares of $150B Treasury Trust Fund

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  • BlackRock’s $150B Treasury Trust Fund to Offer DLT-Based Shares
  • DLT shares to be sold through BNY Mellon, minimum $3M investment
  • CEO Larry Fink envisions tokenization revolutionizing Investments

BlackRock submitted a prospectus to introduce digital shares for its $150 billion Treasury Trust Fund through distributed ledger technology (DLT). The DLT shares will only be accessible via BNY Mellon. This move marks a major step in BlackRock’s tokenization initiatives which matches CEO Larry Fink’s approach to reshape investments using blockchain technology.

BlackRock’s DLT Shares

BlackRock’s Treasury Trust Fund, a money market fund, holds assets worth more than $150 billion. The digital shares will track the value of this fund but excludes crypto assets. However, blockchain technology will create a duplicate record of share ownership to enhance transparency. Institutional investors must invest at least $3 million to acquire the digital shares.

The DLT shares will be sold and managed at BNY Mellon which will use blockchain technology to track ownership. This is a major upgrade from the traditional approaches which relies on book-entry records. BlackRock seeks to provide efficient and transparent investment options. However, the company has excluded crypto assets from their tokenization initiatives.

Tokenization of Real World Assets(RWAs)

The decision reflects BlackRock’s long-term approach to leverage innovative technologies in finance. Larry Fink, in his annual letter to investors, stressed on the transformative potential of tokenization. Fink believes the adoption of tokenized assets could enable instant transaction settlement. 

Furthermore, Fink stated that tokenization could increase investor participation. It allows fractional ownership of shares which unlocks investment markets which had been off-limits to traditional investors. Tokenized assets could provide digital voting rights to shareholders and improve yield generation for investors.

However, Fink highlighted the continuous identity verification challenges for tokenized assets. He believes that a solution to these issues could increase the adoption of tokenized fund issues just like traditional ETFs. Other finance firms such as JPMorgan and State Street are exploring the tokenization of assets through blockchain applications.

BlackRock Joins Tokenized Products Race

The SEC is currently reviewing BlackRock’s application with possible amendments to be made before it is approved. The prospectus for DLT shares does not disclose the ticker information and management fees which could be modified in the future. Moreover, Fidelity’s recently made an application to launch a similar tokenized product which shows the increased institutional interest in blockchain products.

Several asset managers continue to explore the tokenization of treasury bills, bonds, and private credit. If the SEC approves the BlackRock DLT Shares, it could lead to increased  adoption of tokenized shares and shape transparency in investment markets.

BNB Chain Hits 517M Users in February 2025 Amid Memecoin Mania

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Key Takeaways:

  • BNB Chain’s Q1 2025 revenue surged 58.1%, fueled by user spikes and the TST memecoin wave.
  • Wallet-to-wallet transfers overtook DeFi in gas fee contribution, with stablecoins maintaining a dominant role in activity.
  • Despite a market cap dip, BNB outperformed Ethereum and Solana, reflecting resilience in volatile conditions.

In the first quarter of 2025, BNB Chain saw a major uplift in its financial metrics, with total fees reaching $70.8 million, up from $44.6 million in the previous quarter. This marks a 58.1% quarter-over-quarter (QoQ) jump, closely mirrored by a 58% increase in BNB-denominated revenue.

image 293
Source: Messari

The peak was fueled by a record-high spike in early February that was largely driven by the memecoin’s grass-roots virality. Daily unique users reached a record of 517 million on February 11 and established a historic peak before returning to normal.

Messari researcher Charles Wang attributes the short-term boom to both speculation momentum and wallet-level participation growth. Importantly, wallet-to-wallet transactions also increased 122.6% QoQ, produced 19,266 BNB, and beat out DeFi in gas fee contributions.

image 293 1
Source: Messari

DeFi’s 7.6% rise in revenue couldn’t stop its market share from dropping to 8.4%, overtaken by this new trend in peer-to-peer on-chain activity. Meanwhile, stablecoin transactions contributed 5,745.1 BNB, holding 5.2% of the revenue share, as user demand for asset transfers remained consistent.

BNB Chain Executes $1.2B Burn as Gas Fee Usage Rises

BNB’s deflationary model maintained its shrinking supply with the assistance of the auto-burn, gas burn, and Pioneer Burn policies. Circulating supply at the end of Q1 was 142.5 million, with an annualized deflation of 4.6%.

The 30th burn of the quarter took away 1.6 million BNB valued at $1.2 billion from circulation. Increasing gas burn use, which represented 10% of the total gas fees, was particularly important in maintaining this mechanism

On the side of consensus, decentralization was fortified by the BNB Chain with its Proof-of-Staked Authority protocol. During the Feynman update, the number of validators rose to 45.

Validator participation increased healthily to 30.4 million staked by the end of the quarter. While the USD value decreased because of the price decline, the BNB Chain ranked third among all PoS chains in staked funds, overtaking Sui.

image 293 2
Source: Messari

Pascal Upgrade and Ecosystem Shakeups

February’s Pascal hard fork increased Ethereum compatibility of the BNB Chain via EIP-7702 and BEP-439 with the implementation of temporary smart contract functionality in EOAs and signature aggregation.

This technological breakthrough set up BNB for increased support of dApps and user adoption. It also laid the groundwork for two future upgrades, Lorentz and Maxwell, that will further drive scalability.

At the same time in the DeFi space, Kernel witnessed a 655.6% increase in TVL following the launch of its restaking protocol. While there were declines in TVL in Venus Finance and PancakeSwap, Kernel’s growth testified to market demand for restaking innovations backed by incentives and increasing funds.

Related Reading | XRP Price Forecast: Analysts Call Cycle Top for Ripple  – It’s Lower Than You Might Think

Chainlink Powers Europe’s Regulated Tokenized Finance Boom with BX Digital & 21X

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Key Takeaways

  • Europe’s regulatory frameworks have matured, enabling real institutional blockchain finance.
  • BX Digital and 21X are pioneering compliant on-chain market infrastructures.
  • Chainlink plays a central role in cross-chain data and settlement infrastructure.

Europe has entered a new phase in its digital finance journey. With years of pilot programs and regulatory groundwork now solidified, regulated institutions are transitioning from experimentation to deployment.

As reflected in a recent report from Markets Media corroborated by Chainlink’s own tweet, Europe has all of the pieces in place to create compliant blockchain-based financial markets.

This evolution is supported by regulatory frameworks such as the EU’s DLT Pilot Regime, the UK’s DSS, Switzerland’s DLT Act, and MiCA. Though different in scope and application, together they create a cohesive regulatory framework facilitating the issuance, trading, and settlement of digital securities.

Legal ambiguity is no longer a constraint to market participants. Institutions can now get on board and launch platforms, acquire licenses, and include public blockchains such as Ethereum and Polygon in their systems.

Chainlink’s role in facilitating this transition, particularly with interoperability protocols and on-chain data security, is critical to preserving trust and connectivity in decentralized financial networks.

Chainlink Partnership Positions BX Digital

BX Digital, helmed by CEO Lidia Kurt, is a model of bringing traditional finance and public blockchain networks together. It was the first to be licensed by FINMA under Switzerland’s DLT Act.

Its design isolates infrastructure from asset layers to allow compliance on Ethereum and maintain institutional-grade standards of KYC and permissioning.

Kurt’s design supports off-chain trading and on-chain settlement in smart contracts with systems such as SIC to integrate with fiat. Importantly, a collaboration of the platform with Chainlink supports on-chain pricing of Swiss equities and reworks the distribution of financial information.

BX Digital also teases expansion to multiple chains utilizing either Chainlink’s CCIP or in-house deployment in the future. For Kurt, however, it goes beyond settlement, and he sees a completely different paradigm in data infrastructure with decentralized models.

21X Delivers Fully Onchain Regulated Markets

Located in Germany, 21X is the continent’s very first licensed MTF under the DLT Pilot Regime. CEO Max Heinzle helms 21X, which is natively on-chain and combines matching, settlement, and custody in a unified smart contract ecosystem.

The platform facilitates tokenized security trading in real-time through regulated stablecoins and without dependency upon traditional systems such as Target 2 or SIC.

The traction of the platform among institutions like ABN AMRO and Apex Group demonstrates its preparedness. Its involvement in the tests of European CBDC solidifies its regulatory compliance further.

21X also pursues a multichain approach with its initial deployment on Polygon, with plans to integrate more widely with DLT via Chainlink.

Related Reading | Shiba Inu (SHIB) Price Action Mirrors 2021 Surge, Analysts Turn Optimistic

Ethereum Drops EOF from Fusaka Upgrade, Targets Q3 2025 Launch

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Key Takeaways:

  • Fusaka upgrade targets Q3–Q4 2025 but without the EVM Object Format (EOF).
  • Developers cited technical uncertainty and timeline risks for dropping EOF.
  • Focus shifts to PeerDAS priority as Ethereum plans for smoother future upgrades.

Ethereum’s road to its next significant network evolution, Fusaka, is being increasingly shaped by critical decisions being made by its community. Coming in the third or fourth quarter of 2025, Fusaka is being billed as an important next step.

But the EVM Object Format, originally slated for inclusion in this upgrade, will also no longer be part of it. The announcement was made during ACDT 34 by key players like Tim Beiko and Tomasz Kajetan Stańczak, after thorough community discussions and technical evaluations.

EOF was initially introduced to make smart contract execution more efficient, enhancing efficiency through bytecode structure standardization in Ethereum. Despite its advantages, risks associated with its deployment that might have slowed down the entire Fusaka deployment were cited by developers.

In an April 28 post on X, Tomasz Kajetan Stańczak clarified that ongoing discussions about EOF are separate from the imminent Pectra upgrade, set for May 7th, which remains unaffected and on schedule. Stańczak emphasized that EOF debates only concern the later Fusaka phase.

Developer Consensus Leans Toward Stability

Beiko summarized in a GitHub post that although there was overall initial consensus across Ethereum’s implementation teams behind EOF, further analysis demonstrated significant uncertainties from a technical perspective.

Some of the participants late in discussions on the call accepted that they hadn’t comprehended the long-term consequences of EOF’s Option D variant.

This was a concern about how major protocol change evaluation was being conducted overall. Beiko identified that proposals that were uncertain in terms of technical impact would, in more normal circumstances, have been rejected straightaway.

Emphasizing threats to the Fusaka timelines, Beiko underscored that shipping PeerDAS, a novel data availability offering, should be the top priority of the ecosystem.

The risks of potential delays through final touches or misconceptions about EOF made removing it the most reasonable choice.

Lessons for Future Ethereum Upgrades

The EOF debate revealed more fundamental issues with Ethereum’s upgrade decision-making process. The fact that EOF was repeatedly approved in light of persistent issues indicated more fundamental failures in AllCoreDev’s feedback loops.

Instead of forging ahead into uncertain change, an agreement was made by developers that it would be advisable to fix these systemic problems before making future upgrades.

Removing EOF doesn’t signify its end of prospects, as its proponents would still be able to present a better version to be upgraded further later, such as Glamsterdam.

The main takeaway from Fusaka preparations is evident: Ethereum’s early-stage governance needs stronger scrutiny and more disciplined prioritization to avoid eleventh-hour course corrections.

By giving a higher priority to stability and diverting resources to PeerDAS, Ethereum core developers are hoping to make sure that the network upgrades smoothly without delays, creating a stronger base for future years.

Related Reading | UAE to Launch Dirham-Backed Stablecoin to Boost Digital Payments

UAE to Launch Dirham-Backed Stablecoin to Boost Digital Payments

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  • Dirham-backed stablecoin to be regulated by UAE Central Bank
  • Stablecoin set to boost UAE’s digital infrastructure and fintech growth
  • ADI blockchain will ensure scalable, secure global distribution for stablecoin

Abu Dhabi’s International Holding Company (IHC), ADQ and First Abu Dhabi Bank (FAB) have announced the launch of UAE Dirham-backed stablecoin. If approved, the stablecoin will be issued by FAB and regulated by the UAE Central Bank (CBUAE). This stablecoin seeks to revolutionize payment systems and boost UAE’s digital finance sector.

The stablecoin will run on the ADI blockchain which was created by the ADI Foundation. The blockchain enables secure and scalable blockchain-based payments. The stablecoin’s regulatory approval enables it to facilitate digital payments, machine-to-machine transactions and AI powered applications for businesses and individual users.

The stablecoin will link traditional finance with blockchain technology. Moreover, it offers a stable and dependable option compared to other volatile cryptocurrencies. Moreover, the stablecoin seeks to facilitate seamless and efficient global digital payments.

Dirham-Backed Stablecoin Sets UAE on Crypto Dominance

The UAE Central Bank has established plans to promote digital currency adoption. In March 2023, the central bank launched the “Digital Dirham” initiative , which demonstrates the country’s commitment to digital economic growth. Moreover, the central bank introduced stablecoin regulations in 2024.

ADQ’s Managing Director and Group CEO, Mohamed Alsuwaidi stated that the stablecoin launch is an important step in the growth of UAE’s digital economy. He stated that the stablecoin provides a secure and efficient solution which supports UAE’s digital infrastructure. The initiative aims to strengthen UAE’s position as a global financial technology hub.

Hana Al Rostamani, Group Chief Executive Officer of FAB, emphasized on the potential of the stablecoin. She stated that the stablecoin could transform blockchain-based payments for businesses and consumers across the UAE. The new stablecoin could create innovative opportunities in sectors such as finance, commerce, and trade.

Impact of Dirham-Backed Stablecoin

The stablecoin will operate on the ADI blockchain. The ADI Foundation has partnered with more than 20 countries to develop a compliant blockchain payments network. The strategic partnerships aim to expand the stablecoin’s presence in the global market.

The new digital currency seeks to deliver secure, transparent and scalable transactions. The stablecoin expands digital currency markets and introduces a more secure, stable and accessible payment solution to consumers and institutions.

The stablecoin is expected to strengthen UAE’s crypto  leadership position in the region.

XRP and Chainlink: Why They’re Partners, Not Rivals in Blockchain Growth

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Key Takeaways:

  • XRP and Chainlink serve distinct purposes and often collaborate rather than compete.
  • Major collaborations with SWIFT and Ondo Finance highlight their complementary roles.
  • Regulatory engagements further solidify their non-competitive, symbiotic relationship.

Expert Ivo Knébl recently highlighted a critical distinction in the blockchain ecosystem: XRP and Chainlink are not competitors but collaborative forces working toward different goals.

XRP by Ripple targets delivering fast and cheap cross-border payments using its XRP Ledger. Chainlink, on the other hand, specializes in decentralized oracle networks, providing secure and dependable feeds of real-world data for smart contracts on various blockchain networks.

Their partnership says a lot. In 2022, Chainlink teamed up with SWIFT to enable legacy banks to integrate blockchains via good old SWIFT standards for smooth tokenized asset transfers.

On Ripple’s part, the launch of the RLUSD stablecoin in 2025 created a new factor. To make its presence felt within DeFi networks, Ripple embraced Chainlink’s trustable price feeds, a development that highlights their synergy as opposed to competitiveness.

Both initiatives are complementing each other’s strengths as a more integrated blockchain infrastructure gets constructed. It proves that competition need not be the default modus operandi for cryptocurrency innovations.

Ondo Finance Strengthens XRP and Chainlink Collaboration

Ondo Finance’s work thus reaffirms the complementary relationship between Chainlink and XRP. Ondo, specialized in the tokenization of real-world assets, brought its OUSG (Ondo Short-Term U.S. Government Treasuries) onto the XRP Ledger.

This expansion provided institutional investors with easier access to tokenized U.S. government bonds on the Ripple’s network, expanding the utility of XRPL.

Concurrently, Ondo draws extensively on Chainlink’s oracle services for procuring verified prices for its tokenized assets. Such a dual initiative identifies how XRP and Chainlink provide connected and expert intermediary services.

Ondo’s strategic alliances show that the success of such tokenized finance initiatives depends on employing the most effective solution of each blockchain entity, such as XRP taking care of payment and settlement layers while Chainlink providing safe data flows.

Ripple and Chainlink Strengthen Regulatory Engagement

Ripple and Chainlink are themselves actively engaged in regulation. Chainlink had top-level meetings with U.S. government officials in 2025 to discuss the future of blockchain within finance.

Concurrently, Ondo Finance, a mutual partner of both of these institutions, met up with the SEC regarding legal structures of tokenized securities, thus indirectly supporting the regulatory legitimacy of Ripple’s integrations.

Actually, Ripple’s actual competitor was presented by Circle, the issuer of USDC. The release of the Circle Payments Network by Circle competes against Ripple’s establishment of cross-border transactions. Chainlink, on the other hand, continues to aim at providing data and not the payment market of Ripple.

Ivo Knébl’s vision becomes a reality as XRP and Chainlink reinforce the blockchain environment by working together and not against each other, creating a world where proficiency over rivalry inspires development.

Related Reading | MicroStrategy’s Treasury Secures $5.1 Billion Gain in Bitcoin This Year

Stripe Launches New Stablecoin to Revolutionize Cross-Border Crypto Payments

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  • Stripe tests new stablecoin product for businesses outside major markets
  • Stripe’s $1.1B Bridge acquisition powers new global payment solution
  • Stripe’s stablecoin initiative accelerates its global crypto payments expansion

Stripe, a major global payments platform, has announced plans to launch a new stablecoin product. Stripe will use Bridge stablecoin payments network, which it acquired  in October 2024, to test the product. Stripe intends to expand the adoption of US dollar-backed stablecoin outside the current United States, Europe and UK markets.

Stripe’s stablecoin product comes after the firm acquired Bridge for $1.1 billion. Stripe CEO Patrick Collison announced the initiative on X and stated the planning for the product has taken about a decade. With the Bridge’s infrastructure, Stripe seeks to deliver cross-border payments and compete with established traditional financial systems like SWIFT.

Bridge streamlines global money transfers using stablecoins to compete with traditional financial institutions. The firm was founded by former Coinbase employees, Zach Abrams and Sean Yu in 2022. The acquisition bolsters Stripe’s initiative to integrate cryptocurrencies in its payment framework.

Stripe Crypto Market Expansion

Stripe continues to expand its crypto operations and has launched stablecoin payments in more than 70 countries. The company aims to provide fast, low cost and accessible cross-border payment solutions to businesses. Stripe has received regulatory approval to expand its business operations across the world.

The adoption of stablecoins has recently seen substantial growth especially in the financial operations of many companies and countries.  Stripe’s stablecoin product enables businesses to access digital assets that are backed by stable fiat currencies such as the US dollar.

Stripe has partnered with Coinbase to enable fiat to crypto conversions which strengthens its position in the cryptocurrency industry. In 2024, Stripe introduced crypto payments which enables customers to make payments using USDC and Pax Dollar on Ethereum, Solana and Polygon blockchains. This initiative is part of Stripe’s efforts to develop seamless cross-border crypto payment solutions.

Stablecoin Market Growth

Stripe’s new product positions it as a major player in the stablecoin market. The company aims to leverage stablecoins to boost innovation in financial services as well as provide fast and low cost transactions across the world.

The stablecoin market has witnessed increased interest from regulators and industry players as well as massive growth with a current value of $237.5 billion in market capitalization. 

As stablecoin regulations become more established, Stripe’s current approach could set a precedent for other payment companies. 

Ronin Network Completes Migration to Chainlink CCIP, Boosting Cross-Chain Security

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  • Ronin completes migration to Chainlink CCIP, enhancing cross-chain security.
  • Over $450M in assets now bridge securely with Chainlink CCIP on the Ronin network.
  • Chainlink CCIP ensures secure token transfers for Ronin boosting decentralized finance.

The Ronin network completed its move to the Chainlink Cross-Chain Interoperability Protocol (CCIP) an advancement for its blockchain cross-chain infrastructure. The transitioning process completes a critical shift from the deprecated Ronin Bridge, which previously handled over $450 million in total value locked (TVL).  Secure token transfers between the blockchain and other blockchains are enhanced through the new CCIP system, providing users with improved security for bridging their assets.

Migration to Chainlink CCIP Ensures Unmatched Security

As part of this transition process, all tokens from the old Ronin Bridge are integrated into the new system that uses Chainlink’s CCIP infrastructure. The protocol depends on Chainlink’s decentralized oracle networks (DONs) to establish a consensus layer for validating every cross-chain transfer. Token transfers within such a decentralized structure benefit from enhanced security, which guards assets against security vulnerabilities common in traditional bridging systems.

Users can now utilize Chainlink’s CCIP to bridge a variety of tokens, including AXS, USDC, SLP, WETH, and WBTC, to and from the Ronin network.CCIP’s token transfer functionalities remain secure while remaining highly efficient with features that allow rate limit configuration and Smart Execution even under heavy network congestion. These upgrades reduce the risks of transaction failures offering users a more reliable and smoother experience.

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Source: Roninchain

Chainlink CCIP Powers Future Expansion of Ronin Ecosystem

Adopting the Chainlink CCIP bolsters the network development and scalability with its strategic move to support the ongoing development and scalability. The new infrastructure will help developers build cross-chain solutions that provide the necessary tools for creating decentralized applications (dApps) and gaming functions. Through this migration, the network creates potential connections to additional blockchains to offer access to decentralized finance (DeFi) and gaming platforms within their ecosystem.

Trung Nguyen, the CEO and Co-Founder of Sky Mavis, explains that the network transition to CCIP represents a critical advancement. He highlighted that it makes the network accessible and secure for gaming and consumer applications. Through CCIP, developers access a fast and secure cross-chain infrastructure that enables them to innovate and improve project scalability.

The discontinued Ronin Bridge no longer serves users, while the legacy bridge interface is available to complete pending withdrawal requests. The platform allows users to complete transactions and claim assets on Ethereum. The CCIP-powered Bridge app now fully operates, and users are encouraged to use it for all upcoming token exchanges.

Is Ethereum Headed to $2,142 or Back Below $1,400? What Charts Reveal Today

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  • Ethereum shows signs of accumulation despite mixed short-term technical signals.
  • Major resistance levels at $1,800 and $1,895 remain key to bullish momentum.
  • DeFi stagnation and bearish fractals suggest caution despite long-term optimism.

Ethereum (ETH) is currently trading at $1,772.87, a 0.95% increase from the last 24 hours, while its 24-hour trade volume fell 6.78% to $15.47 billion. Over a seven-day period, however, ETH has seen an 11.41% increase to trade at $1,771.90 on average. The most current price action, however, indicates a complicated combination of uncertainty and expectation from traders and investors alike.

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Source: CoinMarketcap

Technical indicators remain mixed. Ethereum hovers above its $1,750 support level but with weakening momentum. A bearish divergence on the MACD and a 1.82% daily loss on above-average volumes signal selling pressure. Yet, a high discovery rate of 84% and the 8.96% momentum reading reflect ongoing underlying strength.

The RSI at 57.61 remains neutral, while the ADX at 86.2 verifies the strong trend but is coupled with a negative crossover in the MACD. For bullish continuation, Ethereum needs to retake the $1,800 mark. Alternatively, a breakdown below $1,734 might initiate a further correction. Technical analysts suggest waiting for confirmation to go long, especially at the key $1,800 and $1,734 levels.

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Source: X

Ethereum records largest single-day ETH inflow

In a surprising show of faith, Ethereum just recorded its largest single-day accumulation inflow ever, 449,000 ETH, valued at approximately $786 million, entered accumulation addresses on April 22. This surge came even as prices dipped into the $1,400 range, pointing to long-term holder conviction rarely seen since 2018.

In spite of this milestone of accumulated amount, the prices of most of these addresses have a realized value of $1,981 and hence remain underwater, indicating the possibility of further downside. Nevertheless, the 10% increase in active addresses between April 20 and 20–22, from 306,211 to 336,366, puts bullish sentiment at the network level into perspective. The differences between the increasing network engagement and stagnant DeFi action, however, question the sustainability of the momentum.

Trader warns of bearish pattern forming

Ethereum is at a key resistance area close to $1,895, where 1.64 million ETH was built up in November 2024. This area also coincides with the 50-day EMA, or traditional trend metric. A failure to clear this level may consolidate Ethereum’s current macro bearish trend.

Veteran trader Rektproof signaled a possible bearish fractal, matching previous setups that created significant price declines. If Ethereum cannot hold support, a retest of $1,400 becomes possible. For any possibility of bullish reversal, analysts confirm that a close above $2,142 on the daily timeframe is critical to break the existing lower high and lower lows structure.