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Solana has pulled well ahead of other networks on a key measure: revenue. That gap is large enough to change how traders and builders talk about where money flows in crypto. Related Reading: Altcoins Feel The Pinch As Crypto Market Sentiment Sours Solana Tops Blockchain Revenue Charts According to data shared by crypto media outlets, Solana has generated $1.25 billion in revenue year-to-date. That is about two and a half times the revenue of Ethereum, which sits at $523 million so far this year. Only two other chains have cleared the $100 million mark: BNB Smart Chain at $148 million and Bitcoin at $135 million. Base, Coinbase’s layer-2, records $54 million and leads the L2 group, while Arbitrum, Polygon and Optimism report revenues between $10.80 million and nearly $3 million. $SOL is in a league of its own. Solana has generated $1.25B in revenue YTD… Nearly 2.5x more than Ethereum. That’s real demand for blockspace and right now, no chain comes close. pic.twitter.com/yRWYU6wUrt — Milk Road (@MilkRoadDaily) September 8, 2025 Monthly Numbers Show App-Driven Growth In the past 30 days, Solana pulled in more than $210 million in revenue. Much of that cash was earned by apps on the network rather than by Solana’s base layer. Based on reports, memecoin launchpad Pump.fun and trading bot Axiom Pro generated close to $53 million and $51 million respectively in the last month. Decentralized exchanges such as Jupiter and Meteora, along with the Phantom wallet, also rank among the top revenue generators. Solana’s own on-chain fee haul was $4.56 million over the same period, placing the chain itself eighth among revenue sources. Apps Capture Most Of The Fees Reports have disclosed that developers and investors see this as a feature of Solana: apps can make big money fast. Axiom Exchange became the fastest app to reach $200 million in revenue, doing so in 202 days when it hit the mark on August 4. Pump.fun reached $200 million in 303 days. Helius Labs CEO Mert Mumtaz has said that the ecosystem’s architecture attracts builders who can run revenue-heavy services, and the numbers appear to back that view. #Solana surges 5.8% to $215 ???? DEX volume hits $2.6B in 24H, fueled by #DeFi. Trump-backed $WLFI leads with $1.23B, showing political hype is driving liquidity and cementing Solana as the go-to for high-volume plays. Check out Top 10 Tokens on Solana by 24H Volume ???? Which… https://t.co/k8s7VMNopa pic.twitter.com/xR5P2CYqAy — Solana Daily (@solana_daily) September 8, 2025 Related Reading: Bitcoin Could Hit $150K By Christmas, Analysts Tell Michael Saylor Price Moves Follow Revenue Headlines SOL has been reacting. According to price trackers, SOL climbed about 6% to $215 in a single session and is up 17% over the past 30 days. Year-to-date, however, SOL lags some larger tokens such as Bitcoin, Ether, XRP and BNB. Market gains and big app revenues together are driving bullish sentiment among traders and some fund managers. Featured image from Shutterstock, chart from TradingView

#ethereum #bitcoin #btc price #eth #bitcoin price #btc #bitcoin news #altcoin season #coinmarketcap #btcusd #btcusdt #btc news #ash crypto #falling wedge pattern #blockchain center #bullish megaphone pattern

Crypto analyst Ash Crypto has revealed when the Bitcoin price is likely to reach $150,000, while Ethereum rallies to $8,000 and the altcoin season begins in full force. This comes as the crypto market looks to rebound, with BTC attempting a successful break above $112,000.  On Bitcoin Price and Ethereum Rally And Altcoin Season Timeline In an X post, Ash Crypto declared that the Bitcoin price will rally to $150,000, Ethereum will rally to $8,000, and the altcoin season will happen in the fourth quarter of this year. During that period, he expects altcoins to pump between 10x and 50x. In line with this, he urged market participants to relax and be patient. Related Reading: Fair Value Gap Suggests Bitcoin Price Is Going Higher, But Watch Out For This Crash In another X post, the analyst stated that the Bitcoin price will likely bottom this month. Ash Crypto remarked that he is expecting BTC to form a low between $94,000 and $100,000, making everyone believe that $124,000 was the top. When that happens, he predicts that the flagship crypto will then record a massive breakout in October and reach between $150,000 and $180,000 by December.  Crypto analyst Stockmoney also indicated that market participants can expect significant moves from the Bitcoin price and Ethereum in Q4 of this year, while an altcoin season could be on the horizon. In an X post, the analyst stated that BTC is following the same pattern throughout the bull market.  Based on this, he remarked that impulsive moves happen in the fourth quarter, and this is where most pumps historically occur. Stockmoney noted that these rallies are usually preceded by a longer consolidation period in the form of a falling wedge or bullish megaphone. His accompanying chart showed that the Bitcoin price could reach as high as $180,000 by year-end.  Altcoin Season May Already Be Starting Market commentator Milk Road suggested that altcoin season may already be starting, even as the Bitcoin price and Ethereum find their footing. In an X post, Milk Road noted that ETH has outperformed BTC over the last two quarters. ETH is up around 110% in the second and third quarters, while BTC is up 34% during this period. Related Reading: Interest In Altcoin Season Crashes 88% In August As Ethereum Price Tanks This represents an over 300% return for Ethereum over the Bitcoin price. In line with this, Milk Road declared that historically, this kind of flipping often marks the start of altcoin season. Blockchain Center data shows that the market is currently closer to altcoin season than Bitcoin season. More altcoins have continued to outperform BTC over the last 90 days. However, 75% of the top 50 coins by market cap still need to outperform BTC for it to be considered officially altcoin season.  At the time of writing, the Bitcoin price is trading at around $112,000, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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Amid the back and forth that has rocked the crypto market, the Ethereum price has now found itself between a rock and a hard place. Right now, bulls and bears are still locked in a tug-of-war in a quest to take control of the digital asset. Here, there are now multiple levels to watch that could determine the next steps for the Ethereum price. Ethereum Price Close To Critical Demand Zone After falling back below $4,300 over the weekend, the Ethereum price is now trading very close to a critical demand zone. Crypto analyst ProfitMagnet highlights this in a TradingView analysis, showing the possibilities for the Ethereum price as it looks to test this zone. Related Reading: Fair Value Gap Suggests Bitcoin Price Is Going Higher, But Watch Out For This Crash So far, the Ethereum price has been consolidating between $4,200 and $4,300 after having faced resistance from $4,600-$4,800 in the last month. This has now led to what is the defining factor for the next phase of the move, and whether an uptrend or a downtrend will dominate. Assessing the current momentum, the crypto analyst notes that the recent uptrend was being supported by the bullish trendline starting from the August lows. However, there is still the matter of the bearish trendline that continues to limit the upward momentum, thereby putting a damper on the rally. At this point, it is now simply a matter of what level the Ethereum price retests, and what it successfully breaks through. From here, holding the demand above $4,300 is important if the bulls want to continue the rally. If they are successful, then the analyst does see the Ethereum price making its way back to $4,600-$4,800. Related Reading: Santiment Highlights Top Tokens: Bitcoin, Ethereum, And Dogecoin Dominate Social Buzz However, on the flip side of this is the bears taking over and forcing a retest of the demand level. This would happen if bulls were unable to sustain the current demand, leading to a breakdown in the price. From here, the next major level would be the support at $4,000, pushing the Ethereum price toward the next major psychological level. What this trend shows is that while the market is leaning bullish, the bulls still have a relatively weak hold, meaning it could go sideways at any point. “The structure suggests a potential bullish reversal, but confirmation is required with a break of the bearish trendline and demand reaction,” the crypto analyst said. Featured image from Dall.E, chart from TradingView.com

#ethereum #sam altman #eth #worldcoin #wld #cryptocurrency market news #crypto analyst #crypto trader #wld price #wldusdt #world #bitmine immersion technologies

Worldcoin (WLD) has seen a 40% daily jump following Eightco’s announcement of the first WLD treasury strategy in the world. Amid the rally, some analysts suggest that the cryptocurrency could see a 200% run to the December highs. Related Reading: ‘Corporate’ Altcoin Season? Expert Shares How Crypto ETFs, Treasuries Could Change The Market Eightco Unveils First Worldcoin Treasury Strategy On Monday, public e-commerce infrastructure firm Eightco Holdings Inc. announced it has secured a $250 million private placement to implement the first-of-its-kind Worldcoin treasury strategy. According to the press release, Eightco’s capital raise involved the sale of 171.2 million shares of common stock at $1.46 per share, with an additional 13.7 million shares issued to BitMine, the largest Ethereum (ETH) treasury company, at the same price. On September 8, BitMine announced a $20 million strategic investment into Eightco Holdings Inc. (NASDAQ: OCTO) as part of OCTO’s $270 million private investment in public equity. BitMine’s investment marks the start of its “Moonshot” strategy, aiming to allocate 1% of the company’s balance sheet into projects to strengthen the Ethereum ecosystem and create value for BitMine equity shareholders. Thomas “Tom” Lee, Chairman of BitMine, noted that the company “wants to support and back innovative projects that create value for the Ethereum network. As an ERC-20 native token, World is aligned with Ethereum. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and their billions of human users.” Eightco stated that proceeds from the private placement will allow the company to adopt Worldcoin as its primary treasury reserve asset. It added that the treasury may also hold ETH as a secondary reserve asset, but the primary emphasis will be on WLD. “Worldcoin will serve as the Company’s primary treasury reserve asset. In connection with the closing of the offering, the Company intends to change the Nasdaq trading symbol of its common stock to ‘ORBS’, which is expected to take effect on September 11, 2025,” the press release reads. WLD Breakout Eyes 200% Rally Following the announcement, Worldcoin broke above the $1.50 barrier, hitting a three-month high of $1.58 and nearing a crucial resistance level. The cryptocurrency has been accumulating between the $0.60-$1.60 price range for the past seven months, failing to break out of this range during the May and August rallies. However, WLD has been recently gaining momentum, with its price surging around 30% over the weekend and reclaiming the $1.00 mark. Market watcher Alpha Crypto Signals noted that Worldcoin broke out of a nearly two-month falling wedge on the daily chart, signaling a potential trend shift for the token. They highlighted that WLD reclaimed the 9 EMA after the breakout, and the push beyond key resistance levels gave bulls the upper hand, adding that “WLD buyers took control exactly as anticipated.” Meanwhile, analyst LlucianoBTC pointed out a four-month falling wedge on WLD’s chart, affirming that Worldcoin is targeting a “spectacular” rally once the breakout is confirmed. According to the chart, the cryptocurrency has broken out of the formation’s resistance at $1.20 after two failed attempts, which could send the price to last year’s highs if momentum holds. Related Reading: Ethereum Price To Clear $5,000 If This Level Is Broken Similarly, Captain Faibik asserted that Worldcoin was on the verge of a multi-year trendline breakout on the daily chart, targeting a 200% rally to the December 2024 high, around the $4.00 area. Since then, the cryptocurrency has broken out of the major resistance and is attempting to reclaim the $1.50 level as support. As of this writing, Worldcoin is trading at $1.51, a 73% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum price started a fresh recovery wave above the $4,350 zone but failed. ETH is still struggling and might slide below the $4,270 zone. Ethereum is still struggling to recover above the $4,400 zone. The price is trading below $4,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $4,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong decline if it settles below the $4,220 level in the near term. Ethereum Price Could Slide Further Ethereum price started a recovery wave after it formed a base above the $4,220 zone, like Bitcoin. ETH price was able to climb above the $4,300 and $4,320 resistance levels before the bears appeared. The price struggled to clear the $4,400 level. A high was formed at $4,383 and the price started to decline again. There was a move below the $4,320 support level. The price dipped below the 50% Fib retracement level of the recent increase from the $4,234 swing low to the $4,383 high. Besides, there was a break below a bullish trend line with support at $4,290 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,320 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,320 level. The next key resistance is near the $4,360 level. The first major resistance is near the $4,400 level. A clear move above the $4,400 resistance might send the price toward the $4,440 resistance. An upside break above the $4,440 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the near term. More Downside In ETH? If Ethereum fails to clear the $4,360 resistance, it could start a fresh decline. Initial support on the downside is near the $4,270 level. The first major support sits near the $4,220 zone. A clear move below the $4,220 support might push the price toward the $4,200 support. Any more losses might send the price toward the $4,160 support level in the near term. The next key support sits at $4,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,220 Major Resistance Level – $4,360

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Rate-cut optimism and gold’s rally have not spilled into crypto, where positioning stays defensive and near-term direction hinges on the inflation report.

#ethereum #crypto #binance #eth #crypto exchange #digital asset #cryptocurrency #funding rate #on-chain analysis #ethusdt

As Ethereum (ETH) trades slightly above $4,300, some crypto analysts opine that the cryptocurrency’s current trend shows enough structural health. However, they also caution that a lack of funding rates across exchanges means low demand for ETH, which may limit its breakout momentum. Ethereum’s Latest Rally Shows Structural Strength According to a CryptoQuant Quicktake post by contributor ShayanMarkets, Ethereum’s funding rates across exchanges are relatively muted when compared to the digital asset’s last three major highs. Related Reading: Ethereum Eyes $5,500 Amid Illiquid Supply Crunch And ETF Momentum For instance, during the first major high in early 2024, ETH funding rates across crypto exchanges had surged to 0.8, suggesting excessive long positioning and speculative demand. Shortly, the price topped out as overheated leverage took its toll on the digital asset. During the second peak in late 2024 – as illustrated in the following chart – ETH reached similar price levels but this time with far lower funding rates. Although this hinted at a less speculative market, the lack of strong, sustained momentum eventually weighed down on ETH’s price. In contrast to the above two instances, ETH’s 2025 rally saw it create a new all-time high (ATH) of $4,900 – despite relatively muted funding rates. This brings into focus one key divergence – ETH is hitting new highs even in the absence of aggressive long positioning that fueled earlier rallies. ShayanMarkets states there are two key implications of this new-found divergence. The analyst remarked: On one hand, the market appears more spot-driven and structurally healthier, as price is not being pushed by excessive leverage. On the other hand, the absence of aggressive demand also limits breakout momentum, leaving ETH in a slower-moving environment where new order flow will be essential for continuation. Concluding, the CryptoQuant contributor noted that ETH’s higher highs against declining funding rates show that the current market is more resilient against sudden liquidation cascades. However, it also requires a lot more conviction from buyers to sustain the next leg higher. Is ETH Headed For A Correction? Although ETH is currently trading just about 12% below its ATH, some analysts forecast that the second-largest cryptocurrency by market cap may be headed for a correction. Crypto analyst Ted Pillows predicted that ETH may drop all the way down to $3,900 before its next rally. Related Reading: Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says That said, there are several other data metrics that point toward a potential bullish rally for ETH. For instance, the ETH exchange supply ratio on major exchanges like Binance recently hit a low of 0.037, which may aid in the so-called “supply crunch” for the digital asset. In similar news, Ethereum exchange balance recently turned negative for the first time, suggesting that more tokens are being withdrawn from exchanges than deposited. At press time, ETH trades at $4,334, up 0.6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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The Ethereum price is once again drawing attention as a strong bullish setup begins to take shape on the charts. Analyst Merlijn the Trader says buyers are stepping in after repeated rebounds, showing that the market could be shifting in favor of the bulls. He points out that momentum is now building, but one key resistance level still stands in the way. According to the analyst, this is the kind of setup that often sparks explosive moves to higher targets. Ethereum Price Forms Triple Bottom Pattern According to Merlijn the Trader, Ethereum is now showing a clear triple bottom pattern on the charts. He explains that the price has bounced three times off the same support floor, creating a strong base. Each bounce, he says, is evidence that buyers are stepping in with confidence whenever the price moves down, while sellers are losing strength.  Related Reading: Chainlink Integration Brings Shiba Inu Into New Crosschain Market — What You Should Know To the analyst, this behavior suggests that the downward pressure is weakening and that exhaustion among sellers is becoming apparent, following numerous failed attempts to break through the support level. Merlijn describes this setup as an explicit bullish confirmation.  The way the Ethereum price has held the same floor over and over makes it clear to him that the bulls are ready to push harder. In his view, the triple bottom is a message that the foundation for a strong rally could already be in play. With this structure firmly in place, Merlijn stresses that momentum is only waiting for the signal of a breakout to begin.  $4,540 Resistance Is The Breakout Key Merlijn the Trader points to $4,540 as the key line that Ethereum needs to clear. He explains that this level is the final barrier stopping the price from running higher. If the price pushes through $4,540 with strength, the analyst believes the path to $5,000 will open quickly. In his words, “clear that line, and $ETH goes vertical.” Related Reading: You Won’t Believe How Much Of The Shiba Inu Supply The Top 10 Addresses Control The analyst warns that resistance levels like this are where the market decides its next move. For now, Ethereum is holding steady below it, but pressure is building. Traders are watching closely to see if the price breaks out, because once it does, momentum could make a quick move. Merlijn stresses that this is “how explosive moves are born,”  and he expects the Ethereum price to rally sharply once the market breaks this resistance level. Ethereum traders are now focusing on this key price level. The triple bottom has already given a strong signal of support, and buyers have shown that they are ready. With sellers exhausted and momentum lined up, the only question left is whether Ethereum can break $4,540. If it does, the analyst believes $5,000 will be within reach sooner rather than later. Featured image from DALL.E, chart from TradingView.com

#ethereum #ethereum price #eth #ethusdt #ethereum news #ethereum analysis #ethereum consolidation #ethereum volume

Ethereum is currently trading at a critical price level after several days of tight consolidation. Just two weeks ago, ETH reached a new all-time high, marking a local top that could signal a pause in its strong rally. Since then, price action has narrowed into a range, reflecting both profit-taking and caution from traders. Still, the underlying fundamentals remain supportive of Ethereum’s long-term outlook. Related Reading: Old Bitcoin Supply Unlocks: 7,626 BTC Aged 3–5 Years Moves Onchain Whale accumulation continues to play a vital role, as large investors steadily add ETH to their holdings, signaling confidence in further upside. In addition, supply on exchanges has been trending lower, reducing immediate selling pressure and creating a favorable setup for a renewed push higher. These dynamics suggest that ETH remains well-positioned for another move into price discovery once consolidation resolves. Top analyst Maartunn shared data highlighting that Ethereum still leads in trading volume compared to Bitcoin and other altcoins, despite recent volatility. This reflects ETH’s growing dominance in market activity and investor interest, reinforcing its role as a leading asset in the current cycle. While short-term risks of correction remain, the strong fundamentals and trading activity could pave the way for Ethereum’s next leg higher once momentum returns. Ethereum Momentum Cools: Market Enters Cautious Phase According to Maartunn, Ethereum continues to dominate the crypto market in terms of trading volume, but activity has noticeably cooled off in recent sessions. Volume as a percentage of overall market activity has declined from recent highs, signaling a slowdown in momentum. This shift suggests that the euphoric state many ETH investors experienced during the rally to new all-time highs is fading, giving way to a more cautious environment. After weeks of aggressive buying and accumulation, many participants are now either securing profits or cutting smaller losses at current levels. This profit-taking phase is typical after a strong upward move, especially when Ethereum has been testing key levels without breaking higher. As a result, the market has shifted into a consolidative state, marked by reduced enthusiasm and a more measured approach from traders and institutions alike. Despite this cooling trend, optimism for Ethereum remains intact. Many analysts believe September could be a slow month for ETH, with sideways price action dominating, yet the possibility of a surprise rally cannot be dismissed. Strong fundamentals, such as declining exchange reserves and steady whale accumulation, still support Ethereum’s long-term bullish case. If demand picks up again, the recent cooldown may prove to be nothing more than a healthy reset before Ethereum makes another attempt at price discovery. This cautious but hopeful outlook highlights the delicate balance in Ethereum’s current market structure—where the fading excitement of euphoric highs is countered by resilient fundamentals and the potential for renewed strength once momentum returns. Related Reading: Bitcoin Cycle Structure Questioned As VDD Mirrors Historic Tops Consolidation Tightens Around Key Level Ethereum (ETH) is trading around $4,314, continuing its consolidation phase after failing to reclaim the $4,500 resistance in recent sessions. The chart shows ETH forming a tight range above $4,250, with volatility narrowing as both bulls and bears wait for a decisive breakout. The 50-day moving average sits above current price action, acting as resistance and reinforcing the difficulty ETH faces in mounting a recovery. Meanwhile, the 100-day moving average has flattened near $4,375, aligning closely with the consolidation zone and signaling indecision in the short term. On the downside, the 200-day moving average around $3,850 provides strong support, suggesting that even if ETH breaks lower, the broader uptrend remains intact. Related Reading: Binance Sees Massive Ethereum Whale Outflows: Demand Remains Strong This aligns with Maartunn’s observation that while Ethereum continues to dominate trading volume across the crypto market, activity has cooled compared to previous highs. The reduced participation reflects a cautious environment where many investors are locking in profits or waiting for clearer signals. A decisive move above $4,500 could reignite bullish momentum, while losing the $4,200 level risks opening a path toward deeper correction targets near $3,900. For now, ETH remains range-bound, awaiting a catalyst. Featured image from Dall-E, chart from TradingView

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Ethereum price started a fresh recovery wave above the $4,450 zone but failed. ETH is still struggling and might slide below the $4,220 zone. Ethereum is still struggling to recover above the $4,400 zone. The price is trading below $4,400 and the 100-hourly Simple Moving Average. There is a short-term declining channel forming with resistance at $4,310 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,350 level in the near term. Ethereum Price Remains At Risk Ethereum price started a recovery wave after it formed a base above the $4,200 zone, like Bitcoin. ETH price was able to climb above the $4,350 and $4,400 resistance levels before the bears appeared. The recent low was formed at $4,233 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the recent decline from the $4,491 swing high to the $4,233 low. However, the bulls face an uphill task near $4,320. Besides, there is a short-term declining channel forming with resistance at $4,310 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,320 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,300 level. The next key resistance is near the $4,320 level. The first major resistance is near the $4,360 level or the 50% Fib retracement level of the recent decline from the $4,491 swing high to the $4,233 low. A clear move above the $4,360 resistance might send the price toward the $4,420 resistance. An upside break above the $4,420 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the near term. More Downside In ETH? If Ethereum fails to clear the $4,360 resistance, it could start a fresh decline. Initial support on the downside is near the $4,260 level. The first major support sits near the $4,220 zone. A clear move below the $4,220 support might push the price toward the $4,200 support. Any more losses might send the price toward the $4,160 support level in the near term. The next key support sits at $4,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,220 Major Resistance Level – $4,360

#ethereum #blockchain #crypto #ethereum price #eth #altcoins #crypto market #cryptocurrency #crypto news #ethusd

Ethereum (ETH) has just made history with a development that could reshape its market trajectory. For the first time, the Ethereum exchange balance has turned negative, meaning more tokens are being withdrawn from trading platforms than deposited. This structural shift in supply dynamics has analysts labeling it a key bullish signal for the market’s next rally.  Ethereum Exchange Balance = Negative Crypto market expert Cas Abbe shared a new report showing that Ethereum’s exchange flux has slipped into the negative territory for the first time on record. He suggests that the latest development could be bullish for ETH, as it signals reduced selling pressure and growing investor confidence.  Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? Historically, the exchange balance metric has served as one of the clearest indicators of investor behavior. When balances rise, it typically signals mounting selling pressure, as traders move coins for liquidation purposes. Conversely, when they fall, it indicates that coins are being withdrawn into private wallets, which are less likely to be sold.  The analyst’s chart illustrates a sharp and accelerating drop in Ethereum’s exchange balances over the past few years, culminating in this historic low. Billions worth of ETH have been removed from centralized platforms, coinciding with the asset’s advance toward a target above $5,500. This indicates a clear reduction in liquid supply during already heightened demand.  According to Abbe, the importance of this decline cannot be overstated. He noted that market tops in crypto generally occur after inflows spike back into these centralized platforms, not when balances are draining to new lows. In other words, Ethereum may not be positioned for a sell-off but for accumulation.  As selling pressure subsides, long-term holders exert greater control over supply, creating conditions for potentially strong upward price momentum. If history is any guide, Abbe suggests that the shrinking exchange balance could set the stage for Ethereum’s next leg up.   Analyst Sets $7,000 As ETH’s Next Target While Ethereum’s exchange supply hits uncharted lows, technical analysts like Crypto Goos are increasingly bullish on its price. The market expert announced in a post on X that ETH has officially broken out of a long-term wedge pattern, which has constrained price action since 2021.  The accompanying chart illustrates ETH finally piercing through resistance after years of sideways trading. Crypto Goos points to the breakout level around $3,600, and with Ethereum now trading significantly above it, the move appears confirmed.  Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Although Ethereum has experienced a number of price swings in the past few weeks, Crypto Goos remains confident that it can reach a new all-time high soon. The analyst’s projection from the wedge breakout targets the $7,000 region, representing a potential upside of about 62% from current price levels above $4,300. Should momentum persist, the cryptocurrency could extend even beyond the $7,000 milestone.   Featured image from Unsplash, chart from TradingView

#ethereum #crypto #binance #eth #digital asset #cryptocurrency #on-chain data #ethusdt #ethereum news #ethereum exchange supply #exchange data

After hitting its latest all-time high of $4,956 on August 23 on Binance, Ethereum (ETH) has been trading in a tight range – oscillating between $4,200 to $4,500 – giving little clues about its next potential direction. However, recent exchange data suggest that a supply crunch may be nearing for ETH. Ethereum Price Stable Amid Exchange Supply Decline According to a CryptoQuant Quicktake post by contributor Arab Chain, during the period between August 16 to September 3, Ethereum’s Binance Exchange Supply Ratio (ESR) saw a sharp decline. Related Reading: Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says Although ETH’s price has remained in the mid $4,000 range, its ESR tumbled from 0.041 to  0.037 – marking the biggest decline within the observed period – in a matter of just two weeks. It’s worth highlighting that ETH’s price has remained stable all this time, trading close to $4,400 at the end of the period. According to the CryptoQuant analyst, such price behavior can explain two things. First, it signals that investors are withdrawing from exchanges – including Binance – at an accelerated pace. Further, it also shows growing confidence among ETH holders as they opt for self-custody in cold wallets instead of keeping their holdings on exchanges. Arab Chain remarked that a combination of stable price, declining exchange supply, and healthy exchange-traded fund (ETF) inflows confirms that sellable supply is dwindling while the demand for the digital asset remains strong. They added: Declines in ESR have historically preceded strong upward moves, as lower exchange liquidity limits sellers’ ability to push prices down. The current ESR levels have fallen back to pre-June figures, suggesting that the market has effectively “flushed out” previous profit-taking activity and is now reaccumulating supply into long-term wallets. ETH Entering A New Bull Cycle? The analyst concluded by saying that if ETH’s ESR continues to fall without a corresponding decline in price, then it would mean that the market is entering a new, institutional investor-led bull cycle. Three metrics in particular support this prediction. Related Reading: Ethereum Sees Contract Boom In 2025, Setting Stage For $5,000 Rally The ETH market has seen a recent drop in leverage, meaning there are fewer traders with speculative positioning. Further, most perpetual futures markets show neutral funding rates for ETH contracts. Finally, the on-chain activity by ETH whales has also subsided, meaning long-term holders are not selling. Also worth noting is that the Ethereum blockchain’s fundamentals continue to improve. Latest data shows that as much as 36 million ETH has been staked on the ETH network, further raising the possibility of an ensuing supply shock. Recently, Ethereum daily transactions also hit a 12-month high. Amid these bullish developments, seasoned industry experts are not shying away from giving ambitious ETH price predictions. At press time, ETH trades at $4,295, down 1.7% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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Ethereum’s recent movements have brought mixed emotions to the market, with a recent price crash to $4,200. While the market navigates these price swings, large holders of ETH, commonly referred to as ‘whales,’ have taken the opportunity to increase their positions significantly. Fresh data from on-chain analytic firms suggest that accumulation among these heavyweight investors is intensifying, even as Ethereum experiences market volatility. Ethereum Whale Accumulation Accelerates According to reports from Santiment, Ethereum’s recent climb toward the $4,500 mark is being largely fueled by accumulation from whales and sharks in the millionaire and small billionaire bracket. These wallets, holding between 1,000 and 100,000 ETH, have been steadily boosting their exposure. Over the last five months, their collective holdings have surged by a whopping 14%, a substantial shift in distribution that highlights renewed confidence in ETH’s long-term outlook.  Related Reading: Ethereum Price Stuck In ‘Loading Phase’, What This Means For The Campaign For $5,000 Supporting this trend, Glassnode data reveals a divergence in whale activity throughout August. “Mega whales” reportedly holding more than 10,000 ETH were instrumental in driving Ethereum’s rally earlier in the month, with net inflows reaching an impressive 2.2 million ETH in 30 days. However, this group has since slowed down its activity, pausing further accumulation for now.  In contrast, the large whales holding between 1,000 and 10,000 ETH have re-entered accumulation territory. After a period of distribution, this group added 411,000 ETH within the same timeframe, suggesting they see the current price levels as an attractive entry point.  This shift in accumulation dynamics underscores the complex layers of market sentiment within the Ethereum investor bases. While mega whales have opted for caution after aggressively buying, the less prominent whales are taking up the slack, underscoring growing confidence despite broader volatility.  ETH Slowly Recovers From $4,200 Price Crash The increase in whale holdings comes against the backdrop of Ethereum’s brief crash to $4,200. Despite the sudden drop, ETH has since managed to rebound above $4,380, displaying a level of resilience that continues to attract investors. CoinMarketCap data shows that the Ethereum price saw a slight increase of 1.41% in the last week and over 21% over the last month.  Related Reading: Analyst Says 4-Year Cycle Ended In Dec 2024, But Ethereum Remains Insanely Bullish However, analysts remain cautious about the cryptocurrency’s near-term trajectory. Pseudonymous crypto market analyst Mrvik.eth has pointed out in a recent X social media post that Ethereum appears to be entering a minor distribution phase after losing the 1D 25EMA support level.  While whales have helped in the altcoin’s recovery, he cautions that ETH could still face more turbulence before stabilizing further. According to the analyst, the broader altcoin market has also shown signs of weakness, amplifying concerns of an extended correction phase. With several altcoins already underperforming, he suggests that a minimum decline of 20% across the sector looks increasingly likely. Featured image from Getty Images, chart from Tradingview.com

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Ethereum has entered a consolidation phase after losing the $4,500 level, now trading within a tight range above $4,250. The recent pullback has increased uncertainty across the market, with investors weighing whether ETH will break lower or gather enough momentum to attempt another rally. Despite this volatility, Ethereum continues to demonstrate strong underlying fundamentals, supported by consistent whale and institutional accumulation. Related Reading: Bitmine Adds Another $65.3M In Ethereum – Details According to top analyst Darkfost, whale activity on Ethereum remains elevated, with significant outflows recorded from Binance in recent sessions. These withdrawals highlight an important trend: whales are not selling but rather moving their ETH into decentralized finance ecosystems. In fact, several notable transactions were detected this morning, with large holders transferring ETH from Binance to Aave, deploying it for yield opportunities. This ongoing accumulation and redeployment reflect a growing conviction among whales that Ethereum remains one of the most attractive assets in the market. By leveraging ETH in DeFi rather than offloading it, large players are signaling long-term confidence in Ethereum’s value. As the bullish trend quietly unfolds behind the scenes, the market’s consolidation may ultimately serve as a foundation for Ethereum’s next major move. Whale Outflows Underscore Ethereum Strength Ethereum whales have once again demonstrated their conviction with a series of large outflows from Binance. Within just a few minutes, three massive transactions were recorded: the first totaling roughly 23,000 ETH, the second a much larger 64,000 ETH, and the final outflow an extraordinary 83,000 ETH. Altogether, these movements represent nearly $750 million worth of Ethereum withdrawn from the exchange in a single burst of activity. These outflows have had a measurable impact on Binance’s reserves. With this wave of withdrawals, the amount of ETH held on the exchange has fallen to 4.2 million ETH, highlighting a continued decline in centralized exchange balances. Historically, declining reserves have been viewed as a sign of strong demand, as coins are moved off exchanges and into long-term storage or deployed into decentralized finance platforms like Aave for yield. The conviction displayed by whales in this instance sends a powerful signal to the market. Rather than reacting to short-term volatility, these large holders are positioning themselves for the long term, underscoring Ethereum’s resilience even during consolidation phases. This activity also explains why ETH has been outperforming Bitcoin recently—whale demand continues to funnel into Ethereum while Bitcoin faces more muted accumulation trends. The strength of these outflows reflects the growing institutional and whale appetite for Ethereum. With reserves shrinking and demand proving consistent, the market may be setting the stage for Ethereum’s next breakout once broader conditions align. Related Reading: Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak Testing Key Supports Amid Sideways Action Ethereum (ETH) is currently trading around $4,381, consolidating after a volatile period that has kept price action capped below the $4,500 resistance zone. The chart shows ETH respecting the $4,300 area, with the 200-period SMA (red line) acting as a key structural support. As long as this level holds, Ethereum avoids a deeper correction. Shorter moving averages provide insight into momentum. The 50 SMA (blue line) is converging with the 100 SMA (green line), reflecting sideways market conditions and a lack of clear direction. ETH has repeatedly tested the $4,450–$4,500 resistance zone over the past two weeks but has failed to close decisively above it, highlighting seller pressure. Related Reading: BNB Chain Surpasses 650M Unique Addresses – Binance Adoption Continues For bulls, reclaiming $4,500 would be a critical step to reestablish momentum toward $4,700 and $5,000. On the downside, losing $4,300 could expose ETH to a retest of $4,200, with further weakness potentially dragging the price closer to $4,000. Featured image from Dall-E, chart from TradingView

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Ethereum price started a fresh recovery wave above the $4,300 zone. ETH is still struggling to gain momentum and might slide below $4,250. Ethereum is still struggling to recover above the $4,450 zone. The price is trading below $4,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,450 level in the near term. Ethereum Price Recovery Faces Hurdles Ethereum price started a recovery wave after it formed a base above the $4,220 zone, like Bitcoin. ETH price was able to climb above the $4,300 and $4,350 resistance levels before the bears appeared. The recent low was formed at $4,269 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the recent decline from the $4,488 swing high to the $4,269 low. However, the bulls face an uphill task near $4,400. Besides, there is a connecting bearish trend line forming with resistance at $4,370 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,350 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,350 level. The next key resistance is near the $4,370 level or the trend line and the 50% Fib retracement level of the recent decline from the $4,488 swing high to the $4,269 low. The first major resistance is near the $4,450 level. A clear move above the $4,450 resistance might send the price toward the $4,500 resistance. An upside break above the $4,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,620 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,450 resistance, it could start a fresh decline. Initial support on the downside is near the $4,280 level. The first major support sits near the $4,250 zone. A clear move below the $4,250 support might push the price toward the $4,215 support. Any more losses might send the price toward the $4,160 support level in the near term. The next key support sits at $4,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,215 Major Resistance Level – $4,450

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Ethereum continues to display resilience in the face of recent volatility, holding firmly above the $4,200 level. Despite this strength, ETH has yet to break decisively above $4,500—a critical barrier that would confirm the next leg of its uptrend. Instead, selling pressure is mounting as the broader market feels the weight of profit-taking and uncertainty, leaving traders on edge about the short-term outlook. Related Reading: BNB Chain Surpasses 650M Unique Addresses – Binance Adoption Continues Still, Ethereum’s fundamentals remain robust. Institutions and large players are stepping in aggressively, fueling confidence that demand is far from fading. According to analyst Ted Pillows, Bitmine, a major institutional player, has once again purchased Ethereum just hours ago, adding to its already sizeable holdings. This repeated accumulation underscores a growing trend of capital rotation into ETH, even as other altcoins face heavier corrections. The narrative of institutional demand provides a counterweight to bearish sentiment, suggesting that Ethereum may be better positioned than Bitcoin or other large-cap tokens to weather the current market environment. With fundamentals and whale activity aligning in its favor, Ethereum’s ability to hold structural demand levels could be a decisive factor in determining whether the next breakout above $4,500 materializes in the coming weeks. Bitmine Strengthens Its Ethereum Position According to analyst Ted Pillows, Bitmine has once again made headlines by purchasing another $65.3 million worth of Ethereum, raising its total holdings to an impressive 1.785 million ETH. At current valuations, this stash is worth approximately $7.71 billion, cementing Bitmine’s status as the single largest Ethereum holder in the market. This dominant position places the institution far ahead of its competitors, with holdings more than double those of SharpLink, the second-largest ETH holder. The scale of Bitmine’s activity underscores the accelerating pace of institutional adoption surrounding Ethereum. While Bitcoin has historically held the spotlight as the flagship digital asset for institutions, the recent trend of capital rotation clearly demonstrates a shift in market preferences. Large players are increasingly allocating capital into ETH, viewing it not only as a store of value but also as a critical piece of the future digital economy given its smart contract ecosystem, DeFi applications, and Layer-2 scaling developments. This aggressive accumulation also reinforces the narrative that Ethereum is emerging as the preferred asset for long-term strategic positioning. By consistently adding to its ETH reserves, Bitmine is signaling confidence in Ethereum’s ability to outperform in the current cycle. Moreover, the contrast with Bitcoin—where reserves and demand have recently shown stagnation—highlights Ethereum’s growing dominance in institutional portfolios. Related Reading: Bitcoin And Ethereum Exchange Inflows Overshadow Stablecoin Demand – Details Technical Details: ETH Consolidates In A Range Ethereum is trading around $4,406, holding above the crucial 200-period SMA but showing clear signs of indecision. The chart highlights how ETH has struggled to establish momentum above the $4,500 resistance, where repeated rejections confirm strong selling pressure. Despite multiple attempts, bulls have failed to trigger a sustained breakout, leaving ETH stuck in a sideways consolidation. The 50 and 100-period SMAs are flattening out, reinforcing the idea that momentum is cooling. Still, the 200 SMA near $4,280 provides structural support, and buyers have consistently defended this area in recent sessions. This suggests that while ETH is under pressure, its underlying bullish structure remains intact as long as it stays above this key level. Related Reading: Bitcoin Mirrors Historical Pullback Ranges – Healthy Correction Or Trouble Ahead? From a risk-reward perspective, Ethereum’s immediate range is clear: support lies between $4,280–$4,300, while resistance remains firmly set at $4,500. A decisive break above $4,500 could open the way for a retest of $4,700–$4,800, but failure to hold support increases the likelihood of a drop toward $4,200. Featured image from Dall-E, chart from TradingView

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Over the last few weeks, both Bitcoin and Ethereum have seen an interesting wave of price action with high volatility. Naturally, this volatility has spurred a wave of trading as crypto traders see this as a time of opportunity due to the fluctuations. The result of this has been a rapid rise in the open interest of both Bitcoin and Ethereum during this time. While this, on its own, is significant, looking at the previous performances, it could suggest where the Bitcoin and Ethereum prices are headed next. Bitcoin And Ethereum Open Interest Remain Very High Toward the end of the month of August, the Ethereum price began rising rapidly, fueled by large buys from Ethereum treasury companies such as Bitmine and SharpLink. This push would eventually see the Ethereum price reach a brand new all-time high, beating out its $4,800 peak from 2021 after climbing above $4,950. Related Reading: Shiba Inu Descending Channel Breakout Shows Where Price Is Headed Next In the same vein, the open interest had risen rapidly, and this metric, too, rose to new all-time highs. By August 23, amid the frenzy, the Ethereum open interest climbed above $70 billion for the first time in history, marking a major milestone. Since then, the Ethereum open interest has retraced. But it is still sitting above $55 billion at the time of this writing, suggesting that interest in the altcoin is still high. While the Bitcoin open interest did not hit new peaks in the month of August like Ethereum, it also remained at very high levels. Data from Coinglass shows that the Bitcoin open interest is still averaging at a high $80 billion, still close to the $86 billion all-time high that was recorded back in July. What The Open Interest At ATHs Could Mean Looking at previous performances when the Bitcoin and Ethereum open interest have been at all-time high levels, there is usually a period of consolidation that follows, especially as price retraces. This was seen after the first all-time highs of the year back in February, which was followed by a few months of consolidation. Related Reading: Ethereum price Crash To $4,081: Why The Bears Are In Charge Then again, the peaks in June were followed by short consolidations, which ended in July. And then, another consolidation before the open interest started to rebound in August. This shows that the period of consolidation is not always long, but at the end of it is always another rise in open interest that coincides with a rise in price. From here, if the Bitcoin and Ethereum open interest were to hit new peaks, it would probably mean that their prices are ready to hit new highs as well. Following the trend of the last few months, the open interest could start to pick up again toward the end of September, propelled forward by price recoveries. Featured image from Dall.E, chart from TradingView.com

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Ethereum price started a fresh recovery wave above the $4,350 zone. ETH is now facing hurdles near $4,500 and might struggle to continue higher. Ethereum is still struggling to recover above the $4,500 zone. The price is trading above $4,400 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $4,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,500 level in the near term. Ethereum Price Recovers Further Ethereum price started a recovery wave after it formed a base above the $4,200 zone, like Bitcoin. ETH price was able to climb above the $4,265 and $4,320 resistance levels. The bulls were able to clear the 50% Fib retracement level of the key drop from the $4,660 swing high to the $4,209 low. Besides, there was a break above a key bearish trend line with resistance at $4,385 on the hourly chart of ETH/USD. Ethereum price is now trading above $4,420 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,500 level or the 61.8% Fib retracement level of the key drop from the $4,660 swing high to the $4,209 low. The next key resistance is near the $4,520 level. The first major resistance is near the $4,555 level. A clear move above the $4,555 resistance might send the price toward the $4,620 resistance. An upside break above the $4,620 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,660 resistance zone or even $4,720 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,500 resistance, it could start a fresh decline. Initial support on the downside is near the $4,400 level. The first major support sits near the $4,360 zone. A clear move below the $4,360 support might push the price toward the $4,315 support. Any more losses might send the price toward the $4,260 support level in the near term. The next key support sits at $4,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,360 Major Resistance Level – $4,500

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Following a rejection at $4,946 on August 24, Ethereum (ETH) is now trading in the low $4,000 level. However, some analysts are still hopeful that ETH is likely to surge beyond $5,000 in the coming weeks, thanks to its rising illiquid supply and positive exchange-traded fund (ETF) momentum. Ethereum To Hit $5,500 In September? According to a CryptoQuant Quicktake post by contributor Arab Chain, Ethereum’s latest upswing in August which pushed the digital asset from a range of $3,700 – $4,000 to its latest all-time high (ATH) of $4,946, was largely buoyed by broader market rally and positive ETF inflows. Related Reading: Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says The analyst noted that ETH reserves on Binance crypto exchange witnessed a sharp uptick in August. The quick surge in inflow of tokens to the exchange shows that holders are choosing to sell or take profits at higher prices. Arab Chain shared the following chart which shows both liquid (green) and illiquid (beige) ETH supply. According to the chart, the vast majority of ETH supply remains illiquid, creating a structural supply shortage. On the other hand, the chart shows a slight increase in the liquid supply, suggesting that a portion of ETH has returned to circulation and could add to short-term selling pressure. The analyst remarked: The overall illiquidity of the supply reinforces the long-term bullish outlook. Short-term cautionary signals – rising Binance reserves combined with a small increase in liquid supply – suggest a potential correction after the recent strong upswing. If the growth in ETH reserves on Binance shows signs of slowing down or withdrawals resume, the digital asset’s supply shortage will remain pronounced. Consequently, a clear and decisive break above the $4,800 resistance level could propel ETH toward $5,200 – $5,500 in the near term. The CryptoQuant analyst concluded by saying that September is likely to witness sideways to a slightly bullish move for ETH between $4,300 to $5,000. However, a failure to break through the $4,800 level – coupled with rising exchange reserves – could raise the possibility of a correction to $4,200. What’s In Store For ETH? While a breakout above $4,800 is possible, some analysts are tempering their expectations by saying that ETH may test the psychologically important $4,000 level before resuming its uptrend. Related Reading: Whales Load Up On Ethereum, But Analysts Fear $4K Dip Ahead Meanwhile, on-chain data shows whales accumulating ETH at record pace. According to a recent report, ETH whales added a whopping 260,000 ETH to their wallets on September 1. Offering a more ambitious prediction, Ethereum co-founder and ConsenSys CEO Joseph Lubin recently said that “ETH will likely 100x from here.” At press time, ETH trades at $4,429, up 2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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BitMine chairman Tom Lee has pinned Ethereum’s long-run upside to an explicit ratio framework and a “replacement-cost” lens on global payment rails. In his September 2 “Chairman’s Message,” the Fundstrat co-founder centers the analysis on the ETH/BTC cross and a year-end Bitcoin anchor of $250,000, using a slide-based grid to translate ratio levels into ETH spot targets—and then extends the calculus to a $62,500 scenario if Wall Street’s settlement stack migrates to Ethereum. Why Ethereum Could Soar To $62,500 “The 8-year average Ethereum to Bitcoin ratio is 0.04790 and it’s currently 0.0432, meaning we’re below the long-term average. The all-time high in this ratio was 0.0873,” Lee says. “Of course, it started off higher, but I’m talking about the 2021 all-time high. So, we think that not only should Ethereum recover to the long-term average, it should probably get to the all-time high ratio and arguably exceed it as we start talking about Ethereum acting as the chain for both Wall Street to build its payment rails and the financial system as well as AI.” Related Reading: Ethereum Price Stuck In ‘Loading Phase’, What This Means For The Campaign For $5,000 He then walks through the core exhibit. “So, let’s think about what that means for price. I have a grid here. On the left side is Bitcoin price levels and then going across are various levels of the Ethereum to Bitcoin ratio. Our year-end target—this is from the Fundstrat side—for Bitcoin is $250,000. And if you look at the average, okay, then you can see the range of prices for Ethereum using this ratio and different levels of Bitcoin. And here’s the 2021 high. And as you can see, at a $250,000 Bitcoin, you get to somewhere between $12,000 and $22,000 value per Ethereum token.” The slide shows: if BTC runs to $250K and ETH just trades at the average ratio, it implies ~$12,000; if ETH recovers its 2021 ratio high of ~0.087, that jumps closer to ~$22,000. “But that’s just a ratio recovery,” Lee continues. “If you look at the replacement cost of payment rails and the banking system, that gets you to an implied value of Ethereum of around $60,000. And that puts the ratio at roughly 0.250 Ethereum to Bitcoin ratio. And as you can see, that’s how you get to $62,500 per Ethereum token. So plenty of upside.” Lee frames this ratio-first math within a broader structural thesis that Ethereum is entering a “1971 moment” for finance, as real-world assets are synthesized into on-chain instruments and stablecoins expand as digital base money. The near-term numerical anchor is the 0.0432 ETH/BTC print sitting below the 0.04790 eight-year mean; the medium-term objective is a reversion toward, and potentially beyond, the 2021 high he cites. The grid translates those waypoints into discrete ETH prices at a fixed Bitcoin reference, which is why Lee emphasizes both variables in tandem rather than an ETH-only trajectory. Related Reading: Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says Beyond the grid, Lee argues that Ethereum captures the greatest share of tokenized financial activity and that its proof-of-stake economics align with how regulated institutions pay for security and uptime today. In his telling, banks and market operators already fund siloed infrastructure stacks; staking ETH to secure common rails could substitute that spend while returning a native yield, an incentive he says pushes the ETH/BTC ratio higher as risk capital and cash flows migrate. This is also where the “replacement-cost” view feeds into the $62,500 outcome: if Ethereum becomes the settlement substrate for payment networks, tokenized credit and equity, and AI-linked data rights, the market should price ETH on the value of the rails it replaces rather than only on historical multiples or cycle heuristics. The message also situates BitMine’s corporate blueprint inside that macro arc. Lee describes BitMine as an Ethereum treasury business built to compound ETH per share through five levers—equity issued above NAV, equity-linked volatility monetization, operating cash flows, staking rewards, and M&A for treasuries near NAV—arguing that proof-of-stake turns an ETH balance sheet into an income-producing infrastructure asset. Lee’s math makes the dependencies explicit: a Bitcoin anchor around $250,000 and an ETH/BTC advance first to the long-term average (~0.048), then toward the 2021 peak (~0.0873), and, in the replacement-cost scenario, to ~0.25. The first two steps imply ~$12,000–$22,000 ETH on his grid; the third defines the $62,500 “skyrocket” case tied to financial-plumbing migration and AI-era settlement on Ethereum. As he puts it: “That’s how you get to $62,500 per Ethereum token.” At press time, ETH traded at $4,377. Featured image created with DALL.E, chart from TradingView.com

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QCP flags governance risk and a softer dollar as tailwinds for hedges like BTC and gold, but Flowdesk’s options desk and Polymarket traders point to ETH as the market’s upside play into September.

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In a continued support for crypto, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly confirmed that registered exchanges can now facilitate spot crypto trading under existing law. Related Reading: Bitcoin In Trouble? Exchange Reserve Spikes To Highest In Months The joint statement, released Tuesday, clarifies that platforms such as the New York Stock Exchange (NYSE), Nasdaq, CBOE, and CME face no legal barriers to listing select digital asset products. SEC Chair Paul Atkins hailed the move as a turning point, emphasizing that “market participants should have the freedom to choose where they trade spot crypto assets.” CFTC Acting Chair Caroline Pham echoed his sentiment, noting that the era of mixed signals on crypto regulation “is over”. BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Crypto Regulations Boost Investor Confidence and Market Transparency Until now, uncertainty around regulatory guidance forced many U.S. exchanges to avoid spot crypto listings, even as global rivals advanced. The new framework provides long-awaited clarity, allowing spot Bitcoin and Ethereum trading to sit alongside traditional equities and futures. Exchanges registered with either the SEC or CFTC will be required to uphold strict compliance standards. This includes stronger custodial protection, data-sharing agreements, and closer market surveillance to curb manipulation and fraud. Regulators also stressed the importance of transparent pricing and clearing mechanisms to safeguard investor trust. For everyday traders, spot crypto means instant ownership of digital assets at market price, making the process more straightforward than derivatives trading. Analysts believe this clarity could attract institutional players, deepen liquidity, and accelerate mainstream adoption. A Milestone for U.S. Crypto Leadership The joint decision builds on the SEC’s Project Crypto and the CFTC’s Crypto Sprint, both launched to align digital asset oversight with the recommendations of the President’s Working Group on Digital Assets. By acting together, the agencies are signaling Washington’s determination to make the U.S. a global hub for regulated crypto markets. Industry leaders see this as a watershed moment. According to Alexander Blume, CEO of Two Prime Digital Assets, “This effectively gives U.S. exchanges the green light to support spot trading in top digital assets, connecting crypto with markets where trillions already flow.” Related Reading: Strategy Expands Bitcoin Treasury: $450 Million Purchase Sends Total Holdings To New Highs With the SEC and CFTC aligned, U.S. exchanges now have a clearer path to expand offerings, bringing crypto closer to Wall Street and signaling the start of a new era for DeFi. Cover image from ChatGPT, BTCUSD chart from Tradingview

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Ethereum’s on-chain activity has reached a new milestone and recorded 1.8 million daily transactions. This unprecedented level of network usage showcases the vitality of the world’s leading smart contract platform and also underscores the effectiveness of its multi-layered scaling strategy. What This Milestone Represents In The Context Of A One-Year High A pivotal shift is underway in the crypto market, and the on-chain data for Ethereum tells the story. As market analyst Onur highlighted on the social media X platform, Ethereum hit a monumental milestone last month with 1.8 million daily transactions. This milestone marks a one-year high, signaling a dramatic increase in genuine network utility. Related Reading: Ethereum Supply Shock? Binance ETH Reserves Dip As Demand Gains Traction At the same time, a remarkable 30% of the entire ETH supply is now locked in staking, which shows the conviction of long-term holders has never been stronger, and demonstrates a powerful commitment to hold and earn rather than sell. Instead of rotating out of positions, capital is doubling down on the yield and security framework that Ethereum uniquely provides. This trend is further supported by the Securities and Exchange Commission’s (SEC) guidance on liquid staking. However, this is being widely interpreted as a critical step toward an ETH Exchange-Traded Fund (ETF) with staking built in, and a structural shift that could change how institutions allocate into ETH. As these fundamental drivers gain traction, Bitcoin’s market dominance has noticeably declined from 60% to 57% in August, a subtle but important move that highlights capital rotation into ETH and other assets.  Institutional Ethereum Accumulation Signals Long-Term Confidence While Ethereum is showing strong on-chain activity, rising staking participation, and a supportive regulatory backdrop, it is a clear sign of deepening institutional conviction that a flood of Wall Street capital is now flowing into Ethereum Spot ETFs. Crypto educator and market analyst CryptoBusy mentioned that the latest 13F filings reveal a significant and accelerating shift in how major financial players are viewing ETH. Related Reading: VanEck CEO Calls Ethereum ‘The Wall Street Token’ As Institutional Adoption Rises Leading the charge is Goldman Sachs, which has established a commanding position with $721 million in exposure, adding a massive 160,072 ETH to its holdings. This is part of a broad-based institutional embrace. Giants in the quantitative and multi-strategy hedge fund space, including Jane Street, Millennium, Capula, Schonfeld, and D.E. Shaw, are all actively stacking their Ethereum positions. Furthermore, a wide range of asset managers, such as BlueCrest, Logan Stone, and Elequin HBK, have boosted their holdings, providing further evidence of a systemic shift. These Wall Street firms are locking ETH into balance sheets as a long-term strategic asset, cementing its status as the default crypto backbone. Featured image from Adobe Stock, chart from Tradingview.com

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Ethereum price has seen a lot of decline after hitting an all-time high above $4,900. This move saw the bears push the price back, resisting the campaign to hit $5,000. So far, the bears have remained in control, and it seems that this will be the case for a while, with technicals pointing toward a possible 10% crash that would send the price toward $4,000 again. Why Ethereum Price Is At Risk In an update to a previous analysis, Klejdi Cuni has forecasted a further decline for the Ethereum price, with bearish indicators being more prominent. The previous prediction, shared over the weekend, pointed out that the Ethereum price had been breaking down from a bearish triangle pattern. This had suggested a further move toward the $4,300 territory. Related Reading: Is XRP A Meme Coin? Analyst Reveals How Whales Are Playing The Game True to the forecast, the Ethereum price did indeed fall back, breaking below $4,300 briefly before bouncing again. This comes after the price broke down below the support at $4,490, putting the bears in charge of the Ethereum price once again. With the first part of the forecast fulfilled, then ETH could play out the full prediction from here. The crypto analyst had previously revealed that he expected the Ethereum price to suffer further drops; first to $4,335, then to $4,215, before finally landing at $4,081. This prediction was reiterated in the updated analysis, showing where the price could be headed next. Next on the list for the cryptocurrency is to test the resistance zone around $4,500. This has previously been a level at which the price was beaten back down, suggesting that a similar trend could play out. If the price does get rejected here, then it could signal a continuation of the bearish trend. Related Reading: Shiba Inu Active Addresses Crash Over 50% In 3 Months, What About SHIB Price? The analysis also ties in the performance of the Bitcoin price, which has continued to drive the entire market. So far, the Ethereum price has performed better during the recent market crash. However, if the Bitcoin price were to continue its decline, then the Ethereum price is likely to follow in the same direction. Add in the fact that the situation around the US dollar remains unclear, and the analyst sees a lot of risk during this time. There is also the possibility of the Ethereum price turning toward the positive once again. This has to do with the resistance at $4,650, serving as a make-or-break level. If the price is rejected from here, then it could mean more declines. However, if ETH bulls are able to reclaim it with strength, then it could serve as a bounce-off point for the next rally. Featured image from Dall.E, chart from TradingView.com

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Ethereum price started a fresh decline below the $4,500 zone. ETH is now attempting a recovery and might face hurdles near the $4,400 zone. Ethereum is still struggling to recover above the $4,500 zone. The price is trading below $4,450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,420 level in the near term. Ethereum Price Eyes Upside Break Ethereum price started a recovery wave after it tested the $4,220 zone, like Bitcoin. ETH price was able to climb above the $4,250 and $4,300 resistance levels. The recent low was formed at $4,258 and the price is now consolidating losses. It is trading near the 50% Fib retracement level of the recent decline from the $4,416 swing high to the $4,258 low. A base seems to be forming above the $4,250 level, but the bears might remain active near the $4,400 resistance zone. Ethereum price is now trading below $4,400 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,380 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,355 level or the 61.8% Fib retracement level of the recent decline from the $4,416 swing high to the $4,258 low. The next key resistance is near the $4,380 level and the trend line. The first major resistance is near the $4,415 level. A clear move above the $4,415 resistance might send the price toward the $4,480 resistance. An upside break above the $4,480 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,580 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,415 resistance, it could continue to move down. Initial support on the downside is near the $4,250 level. The first major support sits near the $4,220 zone. A clear move below the $4,220 support might push the price toward the $4,165 support. Any more losses might send the price toward the $4,120 support level in the near term. The next key support sits at $4,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 zone. Major Support Level – $4,250 Major Resistance Level – $4,415

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Fresh data from Binance shows that Ethereum (ETH) average order size has been trending upward since late July 2025, signaling a structural shift in market dynamics. Analysts say the cryptocurrency’s recent rally is largely driven by Binance whales. Ethereum Rally Driven By Large-Scale Binance Orders According to a CryptoQuant Quicktake post by contributor Crazzyblockk, Ethereum whales are now dominating order flows on the Binance exchange. The analyst highlighted the average ETH order size on the platform as evidence. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Crazzyblockk shared the following chart showing different phases of average ETH order size on Binance. Retail-driven phases, highlighted in red, dominated much of 2023–24, when small orders drove up ETH’s price but left it vulnerable to corrections. These retail-driven periods were followed by neutral phases, shown in gray, which reflected indecision among ETH investors. This phase was characterized by fragmented participation and sideways trading behavior. Fast-forward to mid-2025, whale orders – highlighted in green – are firmly in control. Average order sizes have now surged past $3,000 per trade, signaling accumulation by institutional and large-scale investors. The CryptoQuant analyst noted that this whale dominance reflects renewed institutional confidence in ETH, aligning with its rapid price appreciation in recent months. Larger average orders suggest fewer fragmented trades and stronger directional conviction. Binance was chosen for the analysis not only as the world’s largest exchange but also because it is the “epicenter of ETH capital flow.” Crazzyblockk concluded: ETH’s latest rally isn’t just retail speculation – it’s being powered by whales on Binance. With large-scale players setting the tone, Ethereum’s market structure looks increasingly robust, and Binance remains the hub where these decisive flows shape price performance. Is ETH Getting Ready For A Rally? While Bitcoin (BTC) has tumbled 4.1% over the past 30 days, ETH is up 23.4% in the same period, indicating that large-scale investors may be in the middle of capital rotation from BTC to ETH over the past month. Related Reading: Ethereum Will ‘Likely 100x From Here,’ Says Joe Lubin Analysts predict ETH may have further room to grow for the remainder of 2025. Ethereum contracts are seeing a sharp resurgence in 2025, setting the stage for a potential rally to a new all-time high (ATH) of $5,000 towards the end of the year. Ethereum fundamentals are also strengthening, with as much as 36 million ETH staked on the blockchain, raising the possibility of a supply crunch. That said, despite whale accumulation, some analysts caution that ETH could dip to $4,000. At press time, ETH trades at $4,316, down 2.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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The Ethereum price continues to test investors’ patience as it consolidates just beneath critical resistance levels. A crypto analyst has labeled this stretch a “loading at prior high phase,” suggesting that the market is stuck in this area. Currently, bulls are eyeing a decisive breakout above $5,000, but the analyst remains torn about whether ETH is merely pausing before another surge or setting up for a deeper retest.  Ethereum Price Loading Phase Likely Short-Lived  A market expert identified as ‘Crypto Nova’ has characterized Ethereum’s current price behaviour as a loading phase taking place near previous highs. Looking at the monthly chart, ETH has reportedly climbed back toward the $4,800 range, brushing against levels that previously triggered reversals. Historically, when Ethereum approaches a former high, momentum tends to slow as supply briefly catches up to demand. Related Reading: Analyst Says 4-Year Cycle Ended In Dec 2024, But Ethereum Remains Insanely Bullish However, Crypto Nova notes that this slowdown rarely marks the final top. Instead, it often signals a temporary equilibrium before buyers reassert control. The analyst emphasized that demand for ETH continues to heavily outweigh supply, meaning that short-lived pullbacks will likely be absorbed quickly.  Examining the price chart, Crypto Nova identifies two “magnetic” price zones above $6,000 and $8,000, which serve as medium-term targets for Ethereum. These zones also represent strong liquidity pools that the market tends to gravitate toward once upward momentum resumes.  If Ethereum manages to convincingly clear the $5,000 barrier, the probability of a sustained move into these higher zones increases. With its price action maintaining a broader uptrend structure and repeatedly rejecting breakdown attempts, ETH further reinforces its bullish case. In other words, the current consolidation emphasized by Crypto Nova is seen as a healthy pause, rather than a signal of weakness or price exhaustion.   Bullish Setup Suggests Retest Before $5,000 Push Adding to Ethereum’s bullish narrative, Hardy, a crypto trader and analyst, offers a more tactical outlook using shorter timeframes. On the hourly chart, the analyst highlights that ETH has shown choppy movement around $4,400 and $4,600 after failing to sustain momentum above its 2021 all-time high of $4,865. This has raised the possibility of near-term dips before Ethereum attempts another price breakout.  Related Reading: Real Vision CEO Raoul Pal Calls ‘Full Port’ Into XRP, Ethereum Hardy identifies two untapped daily zones of interest, $4,225 and  $4,075, as key levels where buyers are likely to step back in. These price targets represent support areas that could provide solid entries for long positions if the price does not pull back.  Despite the possible short-term volatility, Hardy remains optimistic about Ethereum’s future trajectory. He suggests that the price is primed for a new all-time high, provided the market respects the above support levels. Ethereum’s overall structure continues to lean bullish, reinforcing the broader campaign toward a $5,000 target and beyond. Featured image from iStock, chart from Tradingview.com

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Ethereum is facing a pivotal moment as it struggles to hold above the $4,400 level after several days of heavy volatility and persistent selling pressure. The market’s recent downturn has put bulls on the defensive, with the threat of a deeper correction looming if support levels give way. Despite the uncertainty, Ethereum continues to attract significant interest from large investors, reinforcing the narrative of long-term confidence in the asset. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Capital rotation between Ethereum and Bitcoin remains one of the defining themes of this market cycle. While Bitcoin has shown signs of weakness following its recent highs, Ethereum has benefited as institutions and whales shift capital toward the second-largest cryptocurrency. This trend suggests that Ethereum’s role as a core market driver is becoming even more pronounced. According to the latest data from Santiment, Ethereum whales have added massive amounts of ETH to their portfolios in just the past 24 hours. Such aggressive accumulation highlights growing conviction among large players, even as retail investors show signs of fear. Whales Add $1.1B In Ethereum As Capital Rotates From Bitcoin Analyst Ali Martinez reports that whales purchased 260,000 ETH in the past 24 hours, valued at around $1.1 billion. This staggering figure is not just another sign of demand—it confirms a dynamic shift unfolding across the market, where smart money is rotating out of Bitcoin and into Ethereum. Despite the heavy volatility and recent pullback, Ethereum continues to display remarkable resilience compared to Bitcoin. While Bitcoin has been losing key support levels and showing signs of weakening momentum, Ethereum has managed to hold above critical structural demand zones. This divergence between the two leading assets underscores the increasing confidence institutions and whales are placing in Ethereum’s long-term potential. Whale accumulation on such a scale often precedes significant market moves, as large holders tend to position ahead of broader market participants. The inflow of $1.1 billion into ETH highlights that major players see value at current levels, even as the market consolidates. As capital rotation intensifies, Ethereum is reinforcing its position not only as the leading altcoin but as a market driver in its own right. Analysts suggest that this could set the stage for a decisive breakout in the weeks ahead, with ETH potentially outpacing Bitcoin’s performance if current trends continue. The coming days will reveal whether this whale-driven demand is enough to fuel Ethereum’s next major rally. Related Reading: Binance Network Activity Outpaces Ethereum As Active Addresses Double Since April Ethereum Price Analysis: Key Support Under Pressure Ethereum (ETH) is currently trading at $4,384, showing signs of consolidation after several days of volatility and selling pressure. The chart highlights that ETH is testing critical support levels, with the 200-day moving average (red line) around $4,236 acting as a major demand zone. Holding this level is crucial, as a breakdown could accelerate losses toward the $4,000 psychological mark. The 50-day (blue line) and 100-day (green line) moving averages are hovering slightly above price action, showing ETH struggling to reclaim momentum in the short term. Multiple rejections around the $4,600–$4,700 range over the past weeks reveal strong supply pressure, with sellers actively defending higher levels. Related Reading: Solana Investors Cash Out Nearly $1-B As SOL Tests Key Price Level Despite the current weakness, ETH has managed to hold a higher low structure compared to its July base near $3,500, which suggests the broader uptrend remains intact. However, trading volume has declined, signaling reduced conviction among bulls. For ETH to regain strength, it must reclaim the $4,500 level and flip it into support. Failure to do so leaves ETH vulnerable to further downside. In the short term, the $4,200–$4,250 region remains the line in the sand for bulls to defend. Featured image from Dall-E, chart from TradingView

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Ethereum price started a fresh decline below the $4,550 zone. ETH is now attempting a recovery and might face hurdles near the $4,420 zone. Ethereum is still struggling to recover above the $4,500 zone. The price is trading below $4,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,430 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,450 level in the near term. Ethereum Price Eyes Steady Increase Ethereum price started a recovery wave after it tested the $4,220 zone, like Bitcoin. ETH price was able to climb above the $4,280 and $4,320 resistance levels. The price surpassed the 50% Fib retracement level of the recent decline from the $4,491 swing high to the $4,213 low. A base seems to be forming above the $4,200 level, but the bears might remain active above the $4,400 resistance zone. Ethereum price is now trading below $4,450 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,430 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,385 level or the 61.8% Fib retracement level of the recent decline from the $4,491 swing high to the $4,213 low. The next key resistance is near the $4,400 level and the trend line. The first major resistance is near the $4,430 level. A clear move above the $4,430 resistance might send the price toward the $4,500 resistance. An upside break above the $4,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,580 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,430 resistance, it could continue to move down. Initial support on the downside is near the $4,320 level. The first major support sits near the $4,250 zone. A clear move below the $4,250 support might push the price toward the $4,200 support. Any more losses might send the price toward the $4,160 support level in the near term. The next key support sits at $4,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,250 Major Resistance Level – $4,430

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As the crypto market continues to struggle, Ethereum (ETH) is attempting to hold a crucial zone as support to resume its bullish rally. However, some analysts suggest that the cryptocurrency will see another choppy September before the long-awaited Q4 run. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Ethereum Party To Be Delayed? Amid the recent market correction, Ethereum closed August around the $4,390 area, recording its highest monthly close since November 2021. The end-of-month market pullback sent the King of Altcoins’ price to the $4,250 area before bouncing, a 14% drop from its recent all-time high (ATH) of $4,956. The cryptocurrency began the new month attempting to reclaim the $4,500 level as support for the third consecutive day, but failed to hold this crucial area, dropping below its monthly opening. Market watcher Cipher X highlighted that ETH has historically seen mixed performances throughout September, with more red than green price action and an average negative monthly return of 6.1%. According to CoinGlass data, Ethereum has seen double-digit negative returns five times since 2016, losing 21.65% in 2017. Meanwhile, it has only recorded a positive return in the double-digits once, with a 14.53% performance in 2016. Nonetheless, the market watcher noted that if the altcoin’s performance stumbles this month, “history suggests the real rebound could come right after.” Notably, October and November have historically been green months for ETH, with an average return of 4.7% and 7.8%, respectively. “September might be choppy but the months that follow have usually been much friendlier to ETH,” the analyst affirmed. Similarly, Bitfinex suggested that “September could mark the cyclical low point before structural drivers reassert for a Q4 recovery.” In a Monday report, the crypto exchange explained that they expect the broader market pullback to conclude relatively soon, adding that, despite the recent sell-off, institutional accumulation of ETH remains robust, while only 18.3 million ETH currently sit on exchanges. ETH Q4 Take Off Eyes New Highs Michaël van de Poppe underscored ETH’s performance, affirming that Ethereum is “on its way toward a beautiful spot to accumulate before Q4 is ready to take off.” According to the analyst, the cryptocurrency could see a 10%-20% correction this month to the $3,900-$3,400 range, which served as an accumulation zone before the August breakout. Daan Crypto Trades highlighted that ETH has been hovering between $4,300-$4,500 over the past week, consolidating in the mid-zone of its local range. The analyst warned that the lack of momentum at the start of the month could see the cryptocurrency retest the range lows, where the 200-Day Moving Average (MA) and Exponential Moving Average (EMA) are situated in the 4-hour chart. However, he noted that breaking out and consolidating above the local range would lead to higher levels and into its price discovery phase. Related Reading: Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First? Meanwhile, market watcher Merlijn The Trader affirmed that Ethereum has entered the expansion phase as the $4,000-$4,100 zone has been retested as support throughout the recent pullbacks. Per the post, the multi-year trendline has been turned from resistance into a launchpad that will propel the cryptocurrency’s price to the $7,000 level once the breakout begins. As of this writing, Ethereum is trading at $4,268, a 4% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com