
Ether Holds $1,900 With the 200-Day Average Still at $2,061
Ether traded between $1,910 and $1,918 on Saturday, above its 20-, 50- and 100-day averages but short of $2,000 and the 200-day line at $2,061.
Altcoins, ETH & general crypto

Ether traded between $1,910 and $1,918 on Saturday, above its 20-, 50- and 100-day averages but short of $2,000 and the 200-day line at $2,061.

A new nonprofit backed by BitMine, SharpLink Gaming and Joseph Lubin takes on institutional outreach for Ethereum, days after the Foundation cut that work back.

BitMine added 27,084 ETH to reach 5.7 million, about 4.7% of supply, and SharpLink bought 39,196, while FG Nexus sold again with realised losses above $86.8 million. Ether was near $1,550.

The Ethereum Foundation confirmed its largest-ever restructuring: 54 roles gone, about 20% of staff, and a 2026 budget cut of roughly 40%. Co-Executive Director Hsiao-Wei Wang resigned, and Privacy and Scaling Explorations is being wound down.

Ether traded about 70% below its August 2025 record of $4,953.73 on Monday, roughly 20 points worse than bitcoin, as more than $1 billion of positions were liquidated.

The latest report on BitMine Ethereum accumulation highlights a significant strategic divergence: despite recording a $3.8B loss, the company doubled down on ETH staking positions.

Despite the broader market correction, major funds are actively increasing their positions in Ethereum and Solana -- a sign that institutional conviction in Layer-1s remains intact heading into Q2.

Executive summary: Bitcoin surged 7.5% overnight, hitting a local high above 72,700. Ethereum and Solana followed with double-digit moves. Here's the breakdown of what happened and why.