As the crypto market searches for its next direction, analysts are focusing on leading altcoins. Instead of looking at short-term Bitcoin price changes, they are looking at altcoins. According to another expertsince July, Cardano (ADA) and Ethereum (ETH) appeared after new technical reviews, institutionalization, and on-chain accumulation. This shows improvement in long-term needs.
Ethereum Sees Strong Support for Organizations and On-Chain
Ethereum is also showing signs of growing strength from both institutions and investors.
According to the update, JPMorgan has already shown assets worth $800 million on Ethereum across two trading currencies. This strengthens Ethereum’s leadership in the world’s real-time financial markets.
Meanwhile, new supply chain data from Santiment shows that accumulation is occurring at both ends of the market. In the past month, wallets with less than 0.01 The price of ETH Ethereum exchange is -1.82 %. Large wallets holding 100 to 100,000 ETH increased their holdings by 1.73%.
✍️ TL;DR: Ethereum back over $1,800 on key stakeholder & retail distribution
📊 Metrics Used: Supply Distribution
🔗 Live chart of top asset supply distributions: https://t.co/H0QqO6RMGB📈 Ethereum’s rebound back over $1,800 is getting support from both sides of the holder… pic.twitter.com/7PvwSWfwFp
— Santiment Intelligence (@SantimentData) July 7, 2026
Santiment added that most of the sellers are from middlemen, brokers, and short-term traders. Meanwhile, both traders and whalers continue to increase their positions. The analytics firm said that this accumulation provides a strong foundation for Ethereum. Instead, it will trade for over $1,800 heading into the second half of 2026.
According to Ali Martinez, the level of Ethereum of $ 1,580 is still its main support, knowing that it has started major rallies in the last three years. This includes a 149% increase in October 2023 and a 203% rally in April 2025. ETH recently jumped from the same level to test $1,800 resistance.
Ethereum is testing the historical significance of its $1,580 support once again.
Over the past three years, this specific level has functioned as a primary demand zone, halting corrections and triggering major upward expansions:
• October 2023: Catalyzed a +149% macro rally.… pic.twitter.com/uQMq67uT6o
— Ali Charts (@alicharts) July 8, 2026
However, the expert also warned that repeated tests weaken the treatment over time. Therefore, it is important for Ethereum to stay above $1,580 to maintain its positive trend.
Cardano Founder Says Ethereum Is Following Cardano’s Path
Charles Hoskinson said that Ethereum is quietly moving towards the principles that Cardano has been building for years.
According to Hoskinson, the Ethereum system is slowly moving towards the UTXO (Unspent Transaction Output) model. This is the trading system that was introduced by Bitcoin and was later promoted by Cardano through its Extended UTXO (EUTXO) architecture.
Hoskinson argued that developers once removed UTXO as too difficult to program. However, Ethereum is now planning to adopt a similar concept. He said Cardano had already spent years refining the technology rather than just talking about it.
He also called Cardano an unnecessary blockchain, saying that the network continues to create rather than compete with it. Additionally, he encouraged investors to look at the ADA.
So far, Cardano has processed more than 119.4 million transactions between August 2020 and June 2026 with a success rate of 99.9999%. It recorded only 119 failed events, according to Blockworks data. These numbers show the reliability of the internet.
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