Ethereum may have found a firm price floor, with blockchain data suggesting that $1,886 is a key accumulation zone.
Analysts at Glassnode highlight that a growing number of investors have acquired ETH at this level, which could signal strong support and a potential turning point for the asset.
One of the indicators Glassnode examines is the cost basis distribution (CBD), a heatmap that reveals where investors break even. Recently, the amount of ETH held at $1,886 has increased significantly, rising from 1.6 million to 1.9 million. This pattern suggests that buyers are stepping in at this price, reinforcing its role as a foundation for future movements.
Another metric pointing to a potential reversal is Glassnode’s “Capitulation Metric,” which combines CBD data with realized losses. Historically, when this metric spikes, ETH has often rallied shortly after, hinting at a possible rebound.
In addition to Ethereum’s on-chain trends, the broader crypto market has seen an influx of liquidity, particularly in stablecoins. Since the start of 2025, the total supply of stablecoins has grown by over $20 billion, marking a 10.9% increase and pushing the overall supply past $205 billion.
This is a notable shift from late 2024 when stablecoin issuance briefly declined. The renewed expansion in stablecoin supply suggests more capital could be flowing into digital assets, potentially supporting further price appreciation.
According to on-chain analytics firm Nansen, several blockchain networks are witnessing a sharp rise in user activity, led by Sonic, which recorded an impressive 89% growth in active addresses over the past 7 days.
Crypto analysis platform CoinGecko has revealed the most talked-about altcoins in recent hours, highlighting a surge in investor interest across a range of sectors—from meme coins to DeFi and gaming tokens.
As the cryptocurrency market heats up, one recurring question dominates traders’ minds: are we in an Altcoin Season?
Ethereum is once again trading above the key $3,000 level after a 2.4% price jump brought it to $3,044 on July 14.