Binance Data Signals Potential Ethereum Bottom as Markets Diverge
As of early 2026, cryptocurrency markets are exhibiting a clear divergence in momentum. BlockDAG-based projects are capturing significant attention and capital flow, while major layer-1 assets like Ethereum (ETH) and Avalanche (AVAX) present a mixed technical picture. A key development is emerging from exchange data, particularly on Binance, where on-chain metrics for Ethereum are hinting at a crucial inflection point. Following weeks of sustained selling pressure, Ethereum is showing nascent signs of stabilization. Analysis of Net Taker Volume on the Binance spot market has registered notable improvement, a metric often interpreted by traders as a potential precursor to a trend reversal. This shift in exchange flow dynamics suggests that selling exhaustion may be setting in, with the $3,100 price zone acting as a tentative support level where a bottom could be forming. Concurrently, wallet analytics indicate that large holders, often referred to as 'whales,' have begun accumulating ETH, adding credence to the bottoming thesis. However, the bullish case remains constrained by significant overhead resistance. The $3,470 price level stands as a formidable technical barrier that ETH has struggled to overcome. Until a sustained break above this zone occurs, the near-term outlook is likely to remain neutral, trapped between emerging accumulation at lower levels and persistent selling pressure at higher prices. In contrast, Avalanche faces more pronounced headwinds. Despite recent ecosystem expansion announcements aimed at boosting developer activity and user adoption, its price action tells a different story. Technical charts for AVAX maintain a cautious to bearish posture, struggling to gain upward traction. This creates a notable disconnect between positive fundamental developments and weak market performance, suggesting that macro sentiment or asset-specific concerns are outweighing the positive news flow. This market split underscores a selective environment where investor capital is being strategically allocated, with momentum favoring newer architectural paradigms like BlockDAG, while established smart contract platforms battle for stability.
BlockDAG Gains Momentum as ETH Stabilizes and AVAX Struggles
Crypto markets show divergent trends with ethereum displaying signs of stabilization after weeks of selling pressure. Net Taker Volume on Binance has improved, suggesting a potential bottom formation near $3,100. Large holders indicate accumulation may be underway, though resistance at $3,470 keeps the outlook neutral.
Avalanche faces headwinds despite expansion news, with technical charts remaining cautious. The disconnect between fundamentals and price action raises questions about when—or if—the project can regain momentum.
BlockDAG dominates presale discussions as it enters its final phase. Traders are speculating about supply-demand dynamics ahead of its public debut, with launch price talk hovering between $0.30-$0.40. The project's chart-agnostic narrative stands in contrast to the technical battles facing established altcoins.
Whales Accumulate Chainlink (LINK) Amid Market Slump, Signaling Potential Rebound
Chainlink (LINK), despite its prominence as a top altcoin, has failed to breach the $14 barrier in 2025 even after securing high-profile partnerships with Swift and Mastercard. The token's stagnation contrasts sharply with its sector dominance, but recent whale activity suggests a possible inflection point.
Analyst Darkfost notes a surge in LINK withdrawals from Binance, with daily averages jumping from 1,500 to 4,500 tokens as prices hover between $12-$13 following a 50% correction. This accumulation pattern mirrors historical bottoms, where whales capitalize on depressed valuations to position for future rallies.
