Ethereum is down a little today, dropping about 1% to $1,894. Trading volume also fell 16%, people are waiting for the Fed’s big announcement later.
But even with that pause, big money is still flowing into ETH. BlackRock clients sold off about $60 million worth of Bitcoin ETF shares, but put more than $20 million into Ethereum instead. That tells you where some of the smart money is leaning, toward smart contracts and staking.
Also, Lido is moving about 8 million staked ETH into a new validator setup designed for Ethereum’s latest upgrade.
The Fed decision is just hours away. Everyone’s watching to see if they sound friendly, because if they do, that could be the spark the Ethereum price needs to make its next real move.
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Ethereum News: Analyst Says ETH Is the Most Undervalued Crypto
Crypto analyst Michaël van de Poppe thinks Ethereum is the most underpriced thing in crypto right now, even with ETH under $2,000. His take: five years from now, people might look back at today’s prices and wish they’d bought more. He says the CLARITY Act could help clear up the regulatory mess, and that changes everything.
He backs it up with a chart of ETH versus Bitcoin. For almost four years, the ETH price kept losing ground to BTC, a steady downward slide. But that just broke.
ETH finally pushed above the falling trendline that had held it down since 2022. Then it pulled back, tested that same level, and bounced. Traders see that as a good sign, the old ceiling might now be the new floor.
If that holds, Ethereum could keep beating Bitcoin in the months ahead. Especially if money starts flowing into infrastructure projects as the rules of the game get clearer.
Ethereum Adoption Hits a Major Milestone
Ethereum’s network activity continues to strengthen beyond price action. Santiment data shows the network has now crossed 200 million non-empty wallets, the highest level in its history. During the same period, XRP Ledger and USDC on Ethereum both moved above 8 million non-empty wallets, and Chainlink passed 900,000 holding addresses.
Network growth is also receiving support from one of Ethereum’s biggest staking providers. Lido is migrating more than 265,000 validators into its Curated Module v2, moving over 8 million ETH, worth roughly $16 billion, into Ethereum’s new validator architecture.
Ethereum, XRP & Chainlink Holder Counts Hit New Milestones
— BSCN (@BSCNews) July 29, 2026
Over the past two weeks, Ethereum $ETH has surpassed 200 million non empty wallets for the first time, Santiment says.
The $XRP Ledger and $USDC on Ethereum have both crossed 8 million non empty wallets. Chainlink $LINK… pic.twitter.com/aHmaB3bmep
This upgrade changes a lot. Validators can now stake up to 2,048 ETH, a jump from the old 32 ETH cap. Lido estimates that could slash the number of validators from around 880,000 to about 628,000. The network’s consensus layer will have less work to do. But for everyday users, gas fees stay the same.
The network runs more smoothly now. Plus, node operators get better incentives through ETH-backed bonds and penalty systems that keep everyone in check.
Related Ethereum News: Ethereum Price Just Confirmed What Bulls Were Waiting For!
Why the FOMC Meeting Could Be Ethereum’s Biggest Catalyst
The Fed moves markets. When rates are low or the central bank sounds friendly, money flows into riskier stuff, crypto included.
If Kevin Warsh talks soft on inflation or says rate cuts could happen later this year, Ethereum might do better than Bitcoin. Big investors have already been getting back into staking and smart contract plays. Better liquidity would only help that.
But if the Fed sounds tough, the dollar usually gets stronger, bond yields rise, and crypto tends to take a hit. In that case, the Ethereum price could struggle to break through key levels until the picture gets clearer.
Ethereum Price Prediction: Key Levels to Watch After the FOMC
We had a look at the ETH/USD chart, and even with today’s drop, Ethereum is still in a decent short-term uptrend. Price is holding near $1,888. The RSI is at 46, neutral, after cooling off from being overbought. The Ultimate Oscillator is around 59, so buyers haven’t fully given up yet.
The ETH price has a solid floor between $1,860 and $1,880. That price zone has pulled in buyers more than once over the past two weeks. If it holds and the Fed comes across as friendly, we could see ETH climb back toward $1,960. After that, $2,000 is the next big round number everyone’s watching.
But if the Fed sounds tough and ETH slips below $1,860, then $1,800 to $1,820 could be next.
Even so, the bigger picture for Ethereum looks better than it has in a minute. It’s gaining ground on Bitcoin, more people are holding ETH in wallets, and large investors keep adding to their stacks. So if the broader economy turns more supportive, Ethereum might have more room to run than Bitcoin over time.
Ethereum is walking into today’s Fed meeting with a lot going for it. Big money is flowing in. Wallet addresses just hit a record 200 million. Lido is wrapping up one of the biggest validator moves the network has ever seen. And some analysts think ETH has finally broken its long losing streak against Bitcoin.
The Fed’s call could decide whether the ETH price takes another run at $2,000 or stays stuck in a range for a while. But either way, the foundation underneath Ethereum keeps getting stronger.
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