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Latest news from mainstream altcoins: Cardano and Ethereum bullish signals strengthen

2026-07-09 18:31:19
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Crypto market looks for direction, analysts focus on mainstream altcoins

As the crypto market looks for the next direction, analysts \'eyes are gradually turning to mainstream altcoins. Instead of focusing on short-term price fluctuations in Bitcoin, they began to focus on these alternative currencies. One analyst pointed out that starting in July, Cardano (ADA) and Ethereum (ETH) stood out in the latest technical analysis, institutional adoption and on-chain cumulative data, showing that long-term fundamentals are improving.

Ethereum gains strong institutional and on-chain support

Ethereum has also shown increasing momentum from both institutions and investors. According to the latest news, JPMorgan Chase has tokenized approximately US$800 million in Ethereum\'s assets in two of its investment funds, further consolidating Ethereum\'s leading position in tokenized real-world assets.

At the same time, the latest online data from Sanitation shows that both ends of the market are accumulating simultaneously. In the past month, the proportion of Ethereum supply held by addresses holding less than 0.01 ETH increased by 1.82%; while large addresses holding 1 to 100,000 ETH increased by 1.73%. Sanitation noted that most of the sell-off came from mid-size holders, exchange liquidity providers and short-term traders, while retail investors and whales continued to add to their positions. The analyst firm said this accumulation method has laid a more solid foundation for Ethereum. In fact, Ethereum has regained its value of $1800 in the second half of 2026.

Ali Martinez analyzed that Ethereum\'s US$1580 level is still its key support level, and this position has triggered many major rebounds in the past three years-including a 149% increase in October 2023 and a 203% increase in April 2025. Ethereum has recently rebounded from this level, testing the $1800 resistance level again. However, he also warned that repeated testing would weaken the effectiveness of support, so Ethereum must hold on to $1580 to maintain a bullish outlook.

Cardano founder says Ethereum is following Cardano\'s path

Charles Hoskinson claims that Ethereum is quietly turning to the same design concepts Cardano has built around for years. According to Hoskinson, Ethereum\'s roadmap is gradually moving closer to the UTXO (Unspent Transaction Output) model. This trading system was originally introduced by Bitcoin and was later improved by Cardano through its extended UTXO (EUTXO) architecture. Hoskinson pointed out that developers once thought UTXO would be difficult to build applications on it, but Ethereum now plans to adopt a similar approach. He believes Cardano has spent years perfecting the technology, not just talking.

He also called Cardano an undervalued blockchain, saying the network continues to innovate rather than imitate competitors. In addition, he encouraged investors to pay more in-depth attention to ADA. At the same time, Cardano processed more than 119.4 million transactions between August 2020 and June 2026, with a success rate of 99.9999%, with only 119 failed transactions. These data highlight the network\'s strong reliability.

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