Cryptoquant analytical service has published data on the Ethereum market. The Coinbase premium index remained negative throughout 2026. This indicator reflects the demand of American institutional investors. Demand for spot ETFs slowed down this summer. Large holders continue to withdraw ETH from trading platforms. Token reserves on exchanges continue to gradually decrease. The open interest in futures amounted to 11.37 billion dollars. This figure has hardly changed in recent weeks. The token is trading in a range of about $1,900 per unit. Recently, the price slowed down to the level of 1889.80 dollars. The July increase was 18.5 percent of the starting price. This month was the best result since the beginning of the year.

The Token Terminal service has recorded an increase in the activity of smart contracts. In the second quarter of 2026, developers have deployed many new applications. In the last week of July, the network accepted 500,000 contracts. By the end of July, the number of deployed contracts reached 14.9 thousand. The main reason for the activity was extremely low gas prices. Working on the blockchain has become cost-effective again. The main category consisted of decentralized financial protocols. The SeaDrop protocol for NFT also showed high activity. The number of contracts for unnamed projects has accelerated. This is confirmed by the volume of ETH tokens being burned. The activity of DAI, SHIB and CRO tokens has increased on the network. PAX Gold, ONDO and USDT stablecoin are also popular. The market is showing a shift to tokenized real assets.

The Coinglass service has published data on the behavior of large holders. Large investors are cautious in the current market. Some strategic players are actively accumulating the ETH token. One major holder withdrew 112 thousand ETH from the exchange. He sent tokens to the Beacon staking contract. Bitmine has placed 150 120 ETH in staking. This represents more than 87 percent of its treasury assets. The withdrawal queue of validators is almost empty. A total of 6.6 ETH are waiting to be processed in this queue. More than 2.4 million ETH are waiting for the start of staking. Their owners expect to receive regular rewards. Ethereum retains its role as a settlement layer for many assets. The network handles tokenized securities and wrapped BTC.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.