Ethereum (ETH) has slipped 6.1% in the past 24 hours, falling below $4,300 after bulls failed to defend the crucial $4,500 resistance zone. The decline comes despite fresh institutional buying, with Tom Lee–led BitMine purchasing approximately $84 million worth of ETH in just 24 hours, lifting its holdings to over 2.15 million coins. Related Reading: Dogecoin (DOGE) Drops Over 5% – Is This the Start of a Bigger Crash? BitMine’s aggressive accumulation, executed in five separate tranches, proves the growing institutional adoption. However, the market remains in “fade-the-rally” mode, as short-term traders continue to sell into strength. Fed Rate Cut Bounce Fizzles Ethereum (ETH) initially spiked above $4,600 after the U.S. Federal Reserve announced a 25 basis-point rate cut and hinted at a softer policy path for 2025. But the rally quickly lost momentum, with selling pressure intensifying as unrealized profits among large holders reached levels last seen in 2021. ETH's price records major losses on the daily chart. Source: ETHUSD on Tradingview On-chain flows indicate that more ETH is moving from staking contracts to centralized exchanges, signaling caution among whales. Likewise, low network fees show subdued on-chain demand, reinforcing bearish short-term sentiment. Technical Outlook: $4,000 Ethereum (ETH) Test in Play From a technical perspective, Ethereum’s price action has turned negative after breaking below its 50-SMA ($4,502) and 200-SMA ($4,396) on the two-hour chart. Analysts note that the breakdown candle resembled a Marubozu pattern, a strong bearish signal that often precedes further downside. The Relative Strength Index (RSI) has plunged to oversold levels near 18, suggesting conditions are stretched but not yet bullish. Immediate downside targets lie at $4,242, $4,159, and potentially $4,065 if selling pressure persists. A routine retest of the $4,395–$4,502 band is expected; failure to reclaim this level could pave the way for a drop toward $4,000 support. For bulls, only a decisive reclaim above $4,502 would shift momentum back toward $4,588 and $4,699. Until then, traders are advised to treat rallies as shorting opportunities rather than signs of recovery. Short-Term Pain, Long-Term Conviction Despite short-term weakness, institutional accumulation still supports Ethereum’s long-term growth. BitMine’s latest acquisition shows that deep-pocketed investors continue to bet on ETH’s rise, even as short-term volatility unsettles retail traders. The wider market remains delicate, with Bitcoin hovering around $114,000 and major altcoins like XRP, Solana, and Dogecoin also declining. Analysts believe that the upcoming week, marked by Fed Chair Powell’s speech and key U.S. economic reports, could influence Ethereum’s next significant move. Related Reading: XRP Price Dips Below $3 – Could This Trigger a Bigger Bearish Wave? For now, ETH bulls face a tough challenge: unless $4,500 is regained decisively, the most likely direction remains toward $4,000. Cover image from ChatGPT, ETHUSD chart from Tradingview
The UK and US have launched a joint regulatory task force for digital assets on Sept. 22, called the Transatlantic Taskforce for Markets of the Future. The task force will report within 180 days to both finance ministries through the UK-US Financial Regulatory Working Group with recommendations on digital asset cooperation. Officials from HM Treasury […]
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On Monday, Rainbow said it plans to introduce a native RNBW token into its non-custodial crypto wallet by the end of the year.
Coinbase launches Mag7 + Crypto Equity Index Futures, offering bundled exposure to top tech stocks and crypto ETFs on its futures exchange.
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Canary's high ETF fee may deter investors, impacting HBAR's market exposure and reflecting broader regulatory and competitive challenges in crypto.
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Gold's surge underscores its critical role as a hedge against economic instability, with implications for global financial strategies and currency markets.
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin’s sharp fall resulted in the biggest long liquidation in a 24-hour period, and the sell-off pulled many altcoins below their immediate support levels.
Updates to DeepMind's Frontier Safety Framework highlight concerns that advanced AI can evade human control and sway user beliefs.
Earlier this month, Helius Medical Technologies soared 250% on a $500 million SOL treasury raise led by Pantera and Summer Capital.
The stablecoin sector is entering a new phase of competition, with major players unveiling fresh initiatives to capture part of the $280 billion market. On Sept. 22, PayPal, Bitfinex-backed Plasma, and Polkadot’s Hydration protocol announced new projects to strengthen the role of dollar-pegged assets in global finance. Neobank, DeFi, and Payments Plasma is positioning itself […]
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ETHZilla's increased convertible debt highlights growing investor confidence in Ethereum's expanding role in the digital asset market.
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Short-term Bitcoin holders capitulation sees 15,700 BTC sold amid market panic, echoing patterns from past downturns and market corrections.
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ASTER, the native token of the decentralized perpetual exchange Aster, officially launched last week and immediately made waves across the crypto market. Backed by Yzi Labs (formerly Binance Labs) and carrying the public endorsement of former Binance CEO Changpeng “CZ” Zhao, the token quickly drew massive attention from traders and investors. Related Reading: Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details Upon launch, ASTER surged to nearly $1.94, sparking excitement around its potential to rival leading decentralized derivatives platforms. However, the enthusiasm was quickly tested as the token dropped 33% to lows of $1.33 within days, reflecting the volatility often seen in new market entries. Despite this sharp correction, ASTER has since stabilized and recovered to trade around $1.57, showing early signs of resilience. With CZ’s visible support and Yzi Labs’ backing, Aster positions itself as a formidable competitor to Hyperliquid in the decentralized perpetuals sector. The project’s narrative of combining deep liquidity, advanced trading infrastructure, and a strong ecosystem presence is already attracting both retail and institutional attention. Aster’s Setup And Competitive Outlook Top analyst Big Cheds recently shared a technical perspective on Aster, pointing to a bullish signal forming on the 1-hour chart. According to his view, ASTER printed a hammer candle with notable volume at the lower Bollinger Band breach, right near the 50-period simple moving average (SMA). This type of setup often suggests strong accumulation at support levels and can serve as a precursor to a rebound. For traders, the combination of a lower BB breach and hammer formation indicates potential exhaustion of selling pressure and the possibility of renewed upside momentum. The timing of this technical development is crucial. The broader crypto market has entered a volatile phase following aggressive selloffs across Bitcoin, Ethereum, and other major altcoins. While many tokens are struggling to recover, analysts argue that Aster is carving out a unique position, benefiting from strong institutional backing and favorable technical patterns. This resilience has led some to view ASTER as one of the more compelling short-to-midterm plays in the altcoin market. Beyond technicals, Aster’s fundamentals add weight to this outlook. Positioned as a direct competitor to Hyperliquid, Aster is aiming to capture market share in the growing decentralized perpetuals sector. Backed by Yzi Labs and publicly supported by CZ, its ecosystem growth potential is considerable. Analysts believe that if momentum continues, Aster could see accelerated adoption, supported by both speculative interest and long-term infrastructure development. Related Reading: Crypto Leverage Whipeout: $600M+ In BTC & ETH Longs Liquidated ASTER Price Analysis: Technical Levels To Hold The 1-hour chart of ASTER/USDT highlights the token’s volatile but constructive price action since launch. After an explosive surge to nearly $1.94, the price corrected sharply, retracing to the $1.33 level before finding support. The recent bounce has seen ASTER recover to around $1.49, signaling that buyers remain active at lower levels despite ongoing volatility. The chart shows that ASTER is consolidating just under the 50-period simple moving average (SMA), currently near $1.51. This moving average has acted as both resistance and guidance for short-term momentum, meaning a decisive break above could trigger renewed upside momentum. Conversely, rejection here could lead to another retest of the $1.40–$1.33 support zone. Related Reading: Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details Candlestick patterns also suggest uncertainty, with repeated long wicks on both ends reflecting tug-of-war behavior between bulls and bears. However, the ability of ASTER to hold above $1.40 during periods of selling pressure indicates resilience. Featured image from Dall-E, chart from TradingView
"Like Bitcoin, gold was once subject to skepticism, suspicion, and demand speculation," Deutsche Bank's analysts said.
Central banks' potential Bitcoin adoption could redefine global reserve strategies, challenging traditional currency dominance and enhancing digital asset legitimacy.
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SHIB outperforms DOGE as the crypto market wilts.
Google Solana price chart integration now enables users to view real-time SOL price data and charts directly within Google search results.
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HBAR plunged 6% in under a day as heavy institutional selling drove volumes to nearly triple the daily average.
AgriFORCE (AGRI) is to be renamed AVAX One with plans to raise $550 million to pursue a Avalanche treasury strategy.
A Republican-backed bill to create a market structure for digital assets is expected to head for a vote in the Senate Banking Committee soon.
Multicoin Capital, alongside Galaxy Digital and Jump Crypto, led a $1.65 billion private placement in Forward in early September.
Top ETH treasury BitMine Immersion Technologies announced $365 million in new funding and revealed it now holds 2.416 million ETH — over 2% of the total supply.
Top financial officials in the U.S. and UK launch a joint task force aimed at developing policy recommendations for digital assets.
The SkyBridge Capital founder said Hivemind and Avalanche Foundation are also supporting the new AVAX DAT.
Solana (SOL) investors are witnessing rising volatility as a surge in whale activity signals deadly selling pressure in the market. Despite a strong rally above $250 earlier in September, market sentiment appears to be shifting, with whale deposits into centralized exchanges hinting at potential headwinds ahead. Most recently, a staggering 312,233 SOL tokens were deposited into Coinbase, fueling concerns that whales may be positioning for significant profit-taking. Solana Whale Deposits Signal Rising Selling Pressure Blockchain tracker Whale Alert reported one of the largest Solana transfers in recent weeks, with 312,233 SOL valued at approximately $75.1 million, moved from an unknown wallet to Coinbase Institutional on September 21. The size and timing of this large-scale transfer immediately raised concerns that whales could be positioned to sell. Related Reading: XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions Before this transfer, Whale Alert had flagged another massive transaction of 227,928 SOL, worth around $54.5 million, being funneled into Coinbase on the same day. Together, these two deposits represent more than $129 million in Solana potentially at stake of being sold off. The implications of such moves are significant, as large holders typically send tokens to exchanges with the intention to sell, ultimately adding considerable downward pressure to the market. Notably, Solana’s price rally in September has been fueled by strong demand; however, these recent transfers raise the risk of oversupply, particularly as the token hovers around $224. If whales follow through with the selling, it could cap SOL’s bullish breakout attempt and force the price back to lower support zones. Interestingly, this is not the first time Solana has faced similar whale-driven headwinds this month. Just over a week ago, blockchain analytics platform Lookonchain reported multiple whale dumpings into various crypto exchanges. A wallet tagged “CMJiHu” deposited 96,996 SOL ($17.45 million) into Coinbase, while “5PjMxa” moved 91,890 SOL ($15.98 million) to Kraken. The same day, another wallet “HiN7sS” transferred 37,658 SOL ($6.73 million) to Binance, securing a profit of $1.63 million. These earlier transfers, combined with the latest inflows, show a pattern of whales steadily reducing their exposure as market sentiment shifts. SOL Momentum Weakens Under Heavy Selling Crypto analysts now view Solana as being at a pivotal crossroad, where strong fundamentals clash with mounting selling pressure and technical risks. Market expert Tom Tucker notes that SOL has climbed more than 150% in 2025, but its rally is showing signs of fatigue. The analyst’s chart reveals a rising wedge formation, often a precursor to a breakdown, combined with weakening momentum indicators. Related Reading: Solana price At Risk Of 10% Crash With Descending Broadening Wedge The Relative Strength Index (RSI) is narrowing into a triangle, suggesting indecision, while the MACD has flattened after months of strength. This setup, when paired with heavy whale deposits into exchanges and rising sell pressure, underscores the growing possibility of a short-term pullback. Yet, the outlook is not entirely bearish. Tucker points to optimism surrounding a potential Solana ETF, the upcoming Alpenglow upgrade, and steady treasury accumulation as fundamental drivers that could extend SOL’s long-term growth. Featured image from iStock, chart from Tradingview.com
BitMine disclosed holdings of 2.4 million ETH and raised $365 million in a premium stock sale, highlighting investor demand for ether exposure through public markets.
Asset manager Strive has reached an agreement to purchase Bitcoin-focused Semler Scientific in a fully equity-based rather than cash-based deal. Under the terms announced Sept. 22, each Semler Scientific share will convert into 21.05 Strive Class A common shares, valuing the target at $90.52 per share. That price represents a premium of more than 200% […]
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Ripple's roadmap could transform institutional DeFi by enhancing scalability, compliance, and efficiency, potentially reshaping global credit markets.
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The move will unlock new commerce use cases, particularly in emerging markets where dollar-based payments have the biggest impact.