Ethereum price is testing a key demand zone as more than 220,000 ETH leaves exchanges, tightening liquid supply during a sharp market pullback.

Ethereum was trading at $1,975 at press time, down 4% in the past 24 hours. The broader trend remains under pressure. ETH has fallen 12% over the last seven days, 37% in the past month, and is now down 61% from its August 2025 high of $4,946.

Spot trading volume came in at $22 billion, down 11.30% over the past day. On the derivatives side, Coinglass data shows futures volume declining 14% to $47 billion, while open interest dropped 5% to $23 billion.

That combination suggests traders are closing positions rather than aggressively adding new leverage.

220K ETH leaves exchanges as long-term wallets grow

While price has struggled, on-chain behavior tells a different story.

According to a Feb. 10 analysis by CryptoQuant contributor Arab Chain, more than 220,000 Ethereum (ETH) has been withdrawn from exchanges in recent days, the largest net outflow since October. On Feb. 5, Binance alone recorded approximately 158,000 ETH in daily net outflows, the highest since last August.

Large exchange withdrawals typically reduce immediate sell-side pressure. When ETH moves into private wallets or long-term storage, it becomes less accessible for quick liquidation.

This doesn’t guarantee upside, but it changes the supply dynamic. If demand stabilizes, a tighter float can amplify price reactions.

Additional data from analyst _OnChain shows that “accumulating addresses” — defined as wallets that have never recorded an outflow, hold at least 100 ETH, and are not linked to exchanges or miners — now control 27 million ETH, or roughly 23% of the circulating supply.

Historically, Ethereum has traded below the realized price of these accumulating addresses only twice in nine years: during the 2025 all-time low and again since January 2026. That context suggests long-term holders are less likely to sell near current levels.

Ethereum price prediction: Can $1,850 hold?

With lower highs and lower lows, Ethereum is still clearly in a downward trend. Selling pressure increased after the recent drop below the $3,200–$3,300 range, and the price moved closer to the $1,850 support zone.

During the sell-off, the 20-period Bollinger Bands widened considerably, suggesting increased volatility.

The price briefly touched the lower band around $1,690, as is often the case with large declines. The middle band, which is now at $2,490, is acting as resistance, while the upper band is situated near $3,290.

The relative strength index fell below 30, entering oversold territory, and currently hovers around 30–32. Momentum is weak, though the pace of the decline has slowed, and there’s no clear bullish divergence yet.

If the $1,850 support holds, Ethereum could stabilize and attempt a rebound toward $2,000–$2,100. A more sustained recovery would require a move above $2,490 to reclaim the middle band and signal a potential trend shift. For that to happen, RSI would need to climb above 40–45, and volume would need to expand on green candles.

If $1,850 fails, downside risk increases quickly. A break below that level could expose $1,750, followed by the lower Bollinger Band around $1,690. Continued declines in open interest and weak spot volume would reinforce a bearish continuation scenario.

A White House meeting on stablecoin yield and rewards ended without a deal, but participants described the discussions as more productive than previous talks, according to details shared by journalist Eleanor Terrett.

The gathering brought together senior banking executives, crypto industry leaders, and policy staff to debate whether and how stablecoin issuers should be allowed to offer yield or rewards.

While no compromise was reached, negotiations moved into more detailed territory.

White House stablecoin talks show progress but no final deal

Banking representatives arrived with a written set of “prohibition principles” outlining firm red lines around stablecoin rewards. These principles detailed what banks are willing to accept and where they refuse to budge.

One notable shift emerged. Banks included language allowing for “any proposed exemption” related to transaction-based rewards.

Sources described this as a meaningful concession, as banks had previously declined to discuss exemptions altogether.

Much of the debate centered on “permissible activities.” This refers to what types of account behavior would allow crypto firms to offer rewards. Crypto companies pushed for broad definitions. Banks argued for narrower limits to reduce risk and regulatory exposure.

Ripple’s Chief Legal Officer Stuart Alderoty said that “compromise is in the air,” signaling cautious optimism despite unresolved issues.

March 1 deadline looms as talks continue

The meeting was smaller than the first White House session on stablecoins. It was led by Patrick Witt, Executive Director of the President’s Crypto Council. Staff from the Senate Banking Committee were also present.

Crypto attendees included representatives from Coinbase, a16z, Ripple, Paxos, and the Blockchain Association. Major banks in attendance included Goldman Sachs, JPMorgan, Bank of America, Wells Fargo, Citi, PNC, and U.S. Bank, alongside leading banking trade groups.

The White House has urged both sides to reach an agreement by March 1. Further discussions are expected in the coming days. However, it remains unclear whether another full-scale meeting will be held before the deadline.

[PRESS RELEASE – Vaduz, Liechtenstein, February 9th, 2026]

xMoney ($XMN) is expanding its partnership with Domino’s, bringing its payment infrastructure to Domino’s Greece following a successful rollout in Cyprus.

The collaboration focuses on acquiring services, enabling Domino’s Greece to accept card payments and digital wallets, including Apple Pay and Google Pay, across both web and mobile ordering platforms.

At the core of the integration is xMoney’s embeddable checkout solution, designed to deliver a seamless payment experience without redirection. Customers complete their orders faster, while all sensitive payment data is securely handled by xMoney’s compliant infrastructure.

The expansion was announced in person at a community event hosted at SuiHub Athens – a community space established to support builders and Sui ecosystem partners – bringing together the xMoney and Sui teams, Domino’s representatives, and building on xMoney’s previously announced work with Sui to expand real-world payment access across Europe.

“Domino’s operates in a high-volume, real-time environment where speed and reliability are critical,” said Manos Tsouloufris, CTO of Daufood. “xMoney’s checkout solution supports multiple payment methods in a single, seamless flow, helping us serve customers faster at scale.”

While the current implementation focuses on fiat payments, the two teams are also exploring future possibilities around digital asset payments, where network speed, user experience, and confirmation times make sense for real-world commerce.

The launch in Greece represents the next step in a broader European expansion, reinforcing xMoney’s role as a trusted payments partner for brands that operate at scale and its presence within the Sui ecosystem reflects a growing focus on practical, consumer-facing payment experiences built for everyday use.

“When people order food, they don’t think about payments, and that’s exactly the point,” said Gregorious Siourounis, Co-Founder and CEO of xMoney. “Our role is to make checkout fast, reliable, and invisible, so brands like Domino’s can focus on their customers. Bringing this experience to Greece is a natural next step.”

As xMoney expands across markets and merchant use cases, XMN supports the broader ecosystem by aligning long-term participation and infrastructure growth across the network. Designed to sit alongside xMoney’s licensed payment rails, XMN helps structure how value, incentives, and future on-chain capabilities evolve, without impacting the simplicity of everyday checkout experiences.

Faster checkout. Less friction.

Payments that deliver.

About Domino’s

Founded in 1960, Domino’s Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout pizza. It operates a network of company-owned and independent franchise stores in the United States and more than 90 international markets.

About xMoney

xMoney is revolutionizing the payments landscape with strategic European licenses, delivering a seamless, secure, and forward-thinking ecosystem powered by innovative product design, cutting-edge technology, and unwavering compliance. XMN, xMoney’s newly launched token, is natively integrated into the licensed and regulated payment infrastructure – empowering merchants and consumers with lightning-fast, trustworthy transactions underpinned by full regulatory transparency. Now trading on Kraken, KuCoin, MEXC, Bitvavo, Bluefin and other exchanges, XMN is primed for broader adoption with a robust pipeline of integrations ahead.

Contact details:

Website: www.xmoney.com

The days of outsized gains in crypto may be coming to an end as more risk-averse institutional players are entering the space, replacing retail investors who chase rapid gains, according to Galaxy CEO Mike Novogratz.

Novogratz reportedly said at the CNBC Digital Finance Forum on Tuesday in New York that it reflects the maturing industry. 

“Retail people don’t get into crypto because they want to make 11% annualized,” he said. “They get in because they want to make 30 to one, eight to one, 10 to one,” he said. 

Novogratz referenced FTX’s collapse in 2022, which resulted in a bear market that saw Bitcoin (BTC) prices fall 78% from $69,000 to $15,700 in November that year, stating that there was a “breakdown in trust” then. 

Novogratz also acknowledged that the Oct. 10 leverage flush, which he called a significant event that “wiped out a lot of retail and market makers,” and increased selling pressure — though there wasn’t any major catalyst.

“This time, there’s no smoking gun,” he said. “You look around like, what happened?”

“Crypto is all about narratives, it’s about stories,” he said. “Those stories take a while to build, and you’re pulling people in … so when you wipe out a lot of those people, Humpty Dumpty doesn’t get put back together right away.”

Tokenized real-world assets will drive markets

Novogratz said he expects the industry to shift from high-return speculation to more practical applications, such as tokenized real-world assets that offer steadier returns.

However, some traders will always speculate, said Novogratz, but it’s going to be “transposed or replaced by us using these same rails, these crypto rails, to bring banking [and] financial services to the whole world. And so, it’s going to be real-world assets with much lower returns.”

Related: Chainlink co-founder’s 2 reasons this bear market feels different

Chainlink co-founder Sergey Nazarov made a similar argument on Tuesday, stating that tokenized RWAs will “surpass cryptocurrency in the total value in our industry, and what our industry is about will fundamentally change.”

Long-term Bitcoin believers will be fine

David Marcus, the co-founder and CEO of Lightspark and a former PayPal executive, told Bloomberg on Tuesday that there has also been a shift in who is holding Bitcoin. 

“It’s just a change of who’s holding Bitcoin, and you’re moving from people that had long-term belief and were holding Bitcoin directly to just access to Bitcoin being wired off to our financial system and markets.”

He added that the change in holders and the Oct. 10 leverage flush have changed the dynamic, but those who have long believed that Bitcoin is a “hedge to everything else that’s happening in the markets” will be fine.

Magazine: Bitcoin difficulty plunges, Buterin sells off Ethereum: Hodler’s Digest