Ethereum News Today: Cardano ADA Holders Defy Market Volatility, Accumulate Long-Term

Cryptocurrency analytics firm Alphractal has reported that holders of Cardano’s native token, ADA, are showing strong reluctance to sell, even as broader market volatility persists [1]. The firm’s onchain analysis indicates that long-term investors have been consistently accumulating ADA since 2021, with no significant sell-offs observed so far. This pattern reflects deep investor confidence and a strategic patience for potential large-scale price movements. Short-term holders, while more neutral, have also shown recent signs of accumulation, diverging from the aggressive selling behavior seen during the 2021 price cycle [1].

Alphractal’s assessment highlights several key factors shaping the current landscape. Long-term investors remain committed to their positions, while short-term selling pressure remains subdued. Risk and market temperature indicators, which combine metrics such as MVRV Z-Score, RVT ratio, and NUPL, continue to suggest a market in a relatively cold phase, indicating potential for accumulation rather than a speculative frenzy [1]. Additionally, a rise in the Adjusted Sharpe Ratio is being closely watched as a potential precursor to significant price action [1].

This behavior contrasts with recent trends in other altcoin markets, where selling pressure and volatility have been more pronounced. For instance, Solana has seen whale activity suggesting large-scale offloading despite increased decentralized exchange volumes [3]. However, the broader altcoin market is not entirely bearish. FBS analysts have observed signs that the altcoin market is entering a new growth phase, with some arguing that "altseason" may already be underway [4].

Ethereum remains a central focus in the crypto market, having recently broken above key resistance levels and nearing $5,000 [5]. Institutional buying activity has surged, with some analysts forecasting a potential $10,000 price target for ETH based on trading volume trends [6]. However, these forecasts are speculative and not based on confirmed fundamentals. A more bearish view has also emerged, with market analyst Orbion advising investors to sell all Ethereum holdings by October, citing technical indicators that suggest a potential downturn [2].

Despite the varied outlooks, the overall sentiment appears to be shifting toward altcoins, especially if Bitcoin and Ethereum continue their upward momentum. Analysts remain cautiously optimistic about the possibility of an "altseason," but warn that the market remains fragmented, with divergent onchain behaviors across different tokens [7].

Investors are encouraged to closely monitor onchain data and institutional activity, as these may offer clearer signals about the market’s trajectory. The contrasting dynamics—where some altcoins are being held tightly while others face selling pressure—underscore the complexity of the current environment and the need for a nuanced approach to portfolio management [1].

Source: [1] Analysis Company Reveals: Those Holding This Altcoin Are Not Selling (https://en.bitcoinsistemi.com/analysis-company-reveals-those-holding-this-altcoin-are-not-selling/)

[2] Market Expert Says Sell All Ethereum By October, Here's Why (https://www.mitrade.com/insights/news/live-news/article-3-1033517-20250813)

[3] Analyst Predicts $270 Solana Price as DEX Volumes Soar (https://coingape.com/markets/analyst-predicts-270-solana-price-as-dex-volumes-soar-despite-whale-selling/)

[4] FBS Reports Altcoin Market Entering Next Growth Phase (https://www.etf.com/sections/news/fbs-reports-altcoin-market-entering-next-growth-phase)

[5] Ethereum Price Breaks Toward $5000, Analyst Reveals (https://www.mitrade.com/au/insights/news/live-news/article-3-1029601-20250811)

[6] Record-Breaking Institutional Trading Signals $10K ETH (https://cryptorank.io/news/feed/13655-ethereum-price-prediction-record-breaking-institutional-trading-signals-10k-eth-ahead)

[7] Ethereum Surge Shifts Focus to Altcoins (https://finance.yahoo.com/news/ethereum-surge-shifts-focus-altcoins-134758695.html)