Daily News 19

Tag: Ethereum

  • Ethereum Eyes $3,000 as Supply Tightens: Can ETH Break Out?

    Ethereum Consolidates After Rally to Eight-Month High

    Ethereum (ETH) has entered a consolidation phase following a powerful upward move that lifted the altcoin to an eight-month peak of $2,660. After reaching that level, the asset has pulled back and was changing hands near $2,474 at the time of writing.

    Buyers Defend Key Support

    At the current price zone, market participants are closely watching whether buying pressure can absorb selling activity and establish a higher low. The pullback from the recent high represents a typical cooling-off period after a sharp advance, giving traders an opportunity to reassess momentum indicators and on-chain metrics.

    Technical Context

    The rally to $2,660 marked the strongest price action for ETH since late 2023. A sustained break above that resistance could open the path toward the $2,800–$3,000 region, while failure to hold above $2,400 may invite a deeper correction toward the 50-day moving average.

    Volume profiles during the consolidation will offer clues about whether accumulation or distribution is underway. On-chain data, including active addresses and exchange netflows, should be monitored for confirmation of the next directional move.

  • Ethereum Logs Near-Record Q3 as ETH Nears All-Time High

    Ethereum Logs Near-Record Q3 as ETH Nears All-Time High

    Ethereum Stages Strong Q3 Recovery, Tests Key Resistance Above $2,500

    Ethereum (ETH) has mounted a significant comeback from its June lows, positioning the asset for one of its strongest third-quarter performances on record. The cryptocurrency currently trades near $2,492, marking a recovery of over 55% from the quarterly low of approximately $1,600.

    Technical Structure Shifts Bullish

    More importantly, Ethereum has reclaimed a position comfortably above all major moving averages after spending the majority of 2026 trading below them. The moving-average structure has improved substantially: short-term averages are rising beneath price action, with the $2,350–$2,400 zone serving as immediate dynamic support. Longer-term averages now cluster between $2,180 and $2,250, and ETH has even recovered its major long-term moving average.

    August Breakout Drives Momentum

    The strongest portion of the advance arrived in August. After consolidating around the $1,850–$1,950 range for several weeks, ETH surged through the $2,000 psychological level and swiftly reached the $2,400–$2,500 region. A significant increase in trading volume accompanied the breakout, reinforcing the move’s technical validity.

    Rather than surrendering gains immediately, Ethereum has since consolidated between $2,400 and $2,550. This consolidation is constructive, as the market remains well above the prior breakout zone while absorbing the strong August advance.

    Momentum Shows Signs of Cooling

    Despite the bullish structure, indicators suggest short-term momentum is moderating. The Relative Strength Index (RSI) soared into overbought territory during the August breakout but has since declined toward the mid-50s. This retracement eliminates much of the overheated condition from the initial rally, though it also signals buyers have lost some near-term urgency.

    Next Key Test: $2,550–$2,650 Resistance

    The next significant test lies at the $2,550–$2,650 resistance band. Ethereum has repeatedly failed to establish a foothold above $2,500. A decisive breakout above this zone could open a path toward $2,700 and potentially $3,000.

    Q3 Bullish Structure Remains Intact

    As of now, Ethereum’s third-quarter turnaround remains substantial. The broader bullish structure formed during the quarter stays intact as long as ETH holds within the $2,350–$2,400 support range.

  • Chinese Crypto Founder Issues Bitcoin Warning: “Significant Price Movement May Be On the Way”

    Chinese Crypto Founder Issues Bitcoin Warning: “Significant Price Movement May Be On the Way”

    B.TOP Founder Jiang Zhuoer Warns of Bitcoin Correction After Leveraged Liquidations

    Jiang Zhuoer, founder of the B.TOP mining pool, has assessed Bitcoin’s short-term price trajectory and warned that a significant correction could follow the liquidation of highly leveraged positions in the market.

    Key Liquidation Zones Identified

    According to Zhuoer’s analysis, the most probable scenario involves Bitcoin first clearing an intense liquidation zone above $76,000. During the same period, Ethereum is expected to test a liquidation zone around $2,665, which would eliminate a substantial portion of short positions at higher levels.

    Two Divergent Scenarios Post-Liquidity Clear

    After Bitcoin clears liquidity above $76,000, Zhuoer outlined two distinct scenarios that could unfold:

    Scenario 1: Recovery Above $75,000

    If Bitcoin recovers without falling below the $75,000 support level, Zhuoer states the rally could extend toward $80,000. The analyst believes the price could even test the strong resistance zone between $83,000 and $84,000. However, Zhuoer cautions that a larger correction could follow such an advance.

    Scenario 2: Break Below $75,000 Support

    Should Bitcoin lose the $75,000 support level, a deeper correction is expected that would mirror the upward movement originating from $64,000. In this case, Zhuoer predicts Bitcoin could decline to the $70,000-$72,000 region before entering the next phase of the bull market.

    Upcoming Catalysts and Strategic Positioning

    Zhuoer highlighted that an expected vote on a bill next week, combined with developments from the Federal Reserve, will serve as important catalysts that could determine market direction. Due to this uncertainty, Zhuoer explained he is pursuing a more balanced strategy against market direction, maintaining a full short position in Bitcoin and a full spot position in Ethereum.

    This is not investment advice.

  • Ethereum Volatility Surges After Wintermute’s $160M Deposit; ETH Rebound Hinges on Key Condition

    Ethereum Volatility Surges After Wintermute’s $160M Deposit; ETH Rebound Hinges on Key Condition

    Ethereum Price Volatility Intensifies as Wintermute Moves $160M ETH to Exchanges

    Ethereum ($ETH) experienced sharp volatility after briefly reclaiming the $2,500 level and climbing toward $2,600 before pulling back toward $2,400. At press time, the asset traded near $2,524, reflecting a 2.26% daily gain and a 2% weekly increase. The pullback coincided with significant large-holder activity, though exchange supply metrics present a more nuanced picture of market dynamics.

    Wintermute Deposits 61,847 ETH to Binance and Coinbase

    Lookonchain reported that Wintermute deposited 61,847 $ETH worth approximately $160.3 million into Binance and Coinbase. The transfer initially raised selling concerns among market observers. However, an exchange deposit does not confirm a sale. Market makers regularly move inventory between venues for liquidity provision and operational purposes.

    Source: Arkham

    If intended for liquidity provision, the transfer may not represent directional selling. Nevertheless, market sales from that inventory could increase short-term supply and create downside volatility. The transfer matters, but its purpose determines whether it translates into genuine selling pressure.

    Ethereum Exchange Supply Ratio Hits 2016 Lows

    Despite Wintermute’s deposit, Ethereum’s broader Exchange Supply continued falling. AMBCrypto previously reported that Ethereum reserves on Binance had reached a three-month low. While Binance represents a single venue, the Exchange Supply Ratio (ESR) showed that the decline extended across exchanges.

    Source: CryptoQuant

    ESR declined for ten consecutive days and reached 0.125 at press time. The metric had not visited this level since 2016. Its decline indicates that exchanges hold a smaller share of Ethereum’s circulating supply. This suggests the market absorbed individual deposits without creating a broad buildup of immediately sellable $ETH.

    Historically, lower Exchange Supply can reduce selling pressure. The harder question remains why $ETH remained weak as its liquid supply contracted.

    Whale Distribution Outpaces Accumulation

    Source: SwissIntelligence

    SwissIntelligence data showed that 196 whales were distributing $ETH, compared with 125 accumulating. This imbalance suggests that large-holder selling continues to weigh on $ETH as whales secure modest gains.

    Technical Indicators Signal Seller Advantage

    Source: TradingView

    The True Strength Index has declined since forming a bearish crossover several days earlier. At the same time, the Balance of Power remained negative. Together, both indicators show that sellers retain a short-term advantage despite declining exchange balances.

    Key Price Levels and Scenarios

    $ETH is caught between fewer immediately sellable coins and more whales willing to sell. If whale distribution continues, $ETH could revisit $2,300 if Wintermute’s transfer becomes market sales. By contrast, shrinking Exchange Supply could help $ETH reclaim $2,600 and target $2,800 if demand returns. The next move may reveal whether buyers can absorb whale sales without losing the emerging supply squeeze.

    Final Summary

    • Wintermute deposited 61,847 $ETH worth $160.3 million into Binance and Coinbase.
    • Ethereum’s Exchange Supply Ratio reached 2016 levels, yet whale distribution continued weakening price momentum.
  • Bitcoin, ETH, XRP Rally Threatened as September 16 Fed Rate Hike Odds Surge to 86%

    Bitcoin, ETH, XRP Rally Threatened as September 16 Fed Rate Hike Odds Surge to 86%

    Bitcoin, Ethereum, and XRP are bracing for a fresh macroeconomic headwind as market-implied odds of a Federal Reserve rate hike at the September 16 Federal Open Market Committee (FOMC) meeting have climbed sharply.

    Bitcoin Faces Key Test Ahead of September FOMC Decision

    According to the CME FedWatch Tool, the probability of a 25-basis-point increase has surged in recent sessions, reflecting sticky inflation data and resilient labor-market readings that have pushed traders to reprice the terminal-rate outlook. The shift puts risk assets—including the largest cryptocurrencies by market capitalization—on alert for heightened volatility in the days leading up to the policy announcement.

    Rate-Hike Expectations Reaccelerate

    Fed futures now show a materially higher chance of a hike compared with a week ago, when the consensus leaned strongly toward a pause. The repricing follows a run of economic releases—including consumer-price-index and producer-price-index reports—that came in above forecast, reviving concerns that the central bank’s disinflation progress has stalled.

    Crypto Market Implications

    Bitcoin, often viewed as a liquidity-sensitive asset, has historically sold off when rate-hike expectations rise, as higher discount rates pressure valuations across the risk spectrum. Ethereum and XRP tend to exhibit even higher beta to macro shifts, amplifying downside moves during hawkish repricing episodes. Traders are monitoring key technical levels on BTC/USD, ETH/USD, and XRP/USD pairs for signs of trend exhaustion or breakout confirmation once the FOMC statement and accompanying Summary of Economic Projections are released.

    What to Watch on September 16

    • Policy rate decision: Whether the Fed raises the federal funds target range by 25 basis points or holds steady.
    • Dot-plot projections: Updated median forecasts for the policy path through 2024 and beyond.
    • Chair Powell’s press conference: Tone on inflation persistence, labor-market tightness, and the reaction function for future meetings.

    Market participants will parse every word for clues on whether the hiking cycle has truly ended or if one more increase remains on the table before a prolonged pause. The outcome will likely set the near-term trajectory for digital-asset prices as well as traditional risk markets.

  • Ripple Stablecoin Executive Identifies $13 Trillion Corporate Treasury Opportunity for RLUSD

    Ripple Stablecoin Executive Identifies $13 Trillion Corporate Treasury Opportunity for RLUSD

    Ripple’s RLUSD stablecoin, launched nearly two years ago, still trails industry leaders Tether’s USDT and Circle’s USDC, yet its growth trajectory is accelerating. According to Token Terminal data, RLUSD’s circulating supply has reached $2.4 billion, marking an increase of more than 50% over the past month. Of that total, approximately $1 billion resides on the XRP Ledger, while $1.4 billion sits on Ethereum.

    Utility and Daily Activity Trump Market Cap

    Ripple emphasizes real-world usage over headline market capitalization. “What’s more exciting to us is the utility and the daily activity,” McDonald said. He noted that RLUSD’s daily activity has more than tripled since the beginning of the year, climbing to roughly $750 million a day last month from about $200 million.

    Payments and Capital Markets Drive Adoption

    Two primary verticals are fueling RLUSD adoption: payments and capital markets.

    • Payments: Ripple has made RLUSD the primary stablecoin in its payments business.
    • Capital markets: The token serves as the cash leg for transactions, settlement, and collateral.

    Ripple has partnered with firms including Franklin Templeton and DBS around tokenized money-market funds and lending. Additionally, RLUSD can be posted as collateral through Ripple Prime, the institutional brokerage business formed from the Hidden Road acquisition.

    Integrated Strategy: Stablecoins Meet Custody, Trading, and Prime Brokerage

    This approach reflects Ripple’s broader push to combine stablecoins with custody, trading, payments, and prime brokerage rather than operate RLUSD as a standalone product.

  • Analyst: “Whales Are Behind This Altcoin’s Rally”

    Analyst: “Whales Are Behind This Altcoin’s Rally”

    Ethereum Surges 10% in Two Hours as Analyst Highlights Whale Activity

    Ethereum (ETH) experienced a sharp intraday rally today, gaining approximately 10 percent within a two-hour window. The asset’s price climbed rapidly from $2,433 to $2,667, marking a significant short-term recovery for the leading smart contract platform.

    Whale Accumulation Cited as Key Driver

    Crypto analyst Ali Martinez stated that whale activity played a significant role in the recent surge in Ethereum. According to Martinez, the rise coincided with substantial accumulation by large holders, suggesting that high-net-worth entities are positioning aggressively at current price levels. On-chain data referenced by the analyst indicates that these major addresses have been absorbing supply, providing the fuel for the swift upward move.

    Market Context and Technical Outlook

    The sudden spike broke through immediate resistance zones, triggering a cascade of short liquidations that likely amplified the move. Traders are now watching the $2,680–$2,700 region as the next critical hurdle. A sustained close above this area could open the path toward the $3,000 psychological level, while failure to hold gains may see a retest of the $2,450 support base.

    Volume metrics spiked alongside the price action, confirming genuine buying interest rather than a low-liquidity anomaly. The derivatives market also showed a spike in open interest, signaling fresh capital entering the market rather than purely short-covering dynamics.

  • Ethereum Price Momentum Builds as $1M+ Whale Transactions Surge

    Ethereum Price Momentum Builds as $1M+ Whale Transactions Surge

    Ethereum Surges Toward $2,700 as CPI Data Sparks Whale Activity and Short Liquidations

    Ethereum (ETH) is building momentum after a sharp post-CPI rally pushed the asset toward $2,667, bringing the critical $2,700–$2,800 resistance zone back into focus. The move was accompanied by a nearly 14% increase in transactions exceeding $1 million, signaling heightened whale participation as market volatility returns. With institutional flows adding another dimension to the setup, traders are closely monitoring whether ETH can sustain its breakout structure or if profit-taking will cut the recovery short.

    Whale Activity Accelerates Following CPI-Driven Repricing

    Ethereum’s latest advance coincided with a notable spike in large-holder activity. On-chain data shows transactions above $1 million rose nearly 14% as ETH surged in the wake of the U.S. Consumer Price Index release, while approximately $250 million in ETH short positions were liquidated during the surge.

    The August CPI report showed headline inflation at 3.4% year-over-year, with core CPI at 2.4%, providing risk assets room to rally without a major inflation surprise. ETH climbed from roughly $2,433 to $2,667 in the move. The key signal now is whether elevated whale activity persists after the CPI-driven volatility fades. Continued large-wallet participation would lend credibility to the breakout; a quick reversal would suggest the move was driven more by short covering than fresh demand.

    ETH Price Analysis: Bulls Target $2,700–$2,800 Supply Zone

    Technical charts show Ethereum recovering from a prolonged consolidation before accelerating higher. The breakout carried ETH through the upper portion of its recent range and briefly to $2,667. The next major supply area sits around $2,700–$2,800. A decisive move through that region would strengthen the breakout structure and bring the $3,000 psychological level back into play.

    The $2,500 area now serves as the key near-term reference on any pullback. Holding above it would preserve the recent recovery structure, while a deeper decline back into the previous range would weaken the breakout thesis. Momentum has improved substantially, but ETH has also moved quickly. A period of consolidation after the CPI-driven surge would be constructive if buyers continue defending the breakout rather than allowing the entire move to unwind.

    Outlook: Breakout Quality Hinges on Sustained Demand

    Ethereum’s latest move has been driven by a clear market catalyst rather than a random price spike. CPI data triggered the initial repricing, short liquidations accelerated the advance, and rising large-value transactions confirmed that whale activity increased alongside the move. Institutional flows remain another variable to watch as ETH approaches heavier resistance.

    The next phase will determine the quality of the breakout. Holding the higher range would keep the recovery intact; sustained selling would signal that Friday’s surge was largely a positioning event rather than the start of a lasting trend.

  • Poloniex Highlights Ethereum Surpassing $2,600

    Poloniex Highlights Ethereum Surpassing $2,600

    Ethereum Surges Past $2,600, Signaling Potential Shift in Market Sentiment

    Ethereum has broken above the $2,600 threshold, igniting fresh optimism among cryptocurrency traders. The milestone was highlighted by Poloniex Exchange in a recent social media update, drawing attention to a notable price movement that could reshape short-term trading strategies.

    Market Context: Mixed Signals, Standout Performance

    The broader crypto market continues to send mixed signals, with varying momentum across major assets. However, Ethereum’s recent price action distinguishes itself, suggesting a possible resurgence in investor interest. Analysts point to evolving trading volume dynamics and order book activity as indicators that market participants may be positioning for further upside.

    As a foundational layer for smart contracts and decentralized applications (dApps), Ethereum maintains a central role in the digital asset ecosystem. Poloniex, a major digital asset trading platform, regularly monitors and reports on significant price developments to inform traders of emerging opportunities.

    Key Levels to Watch Following the Breakout

    With Ethereum now trading above $2,600, the focus shifts to psychological resistance levels that could dictate the next directional move. Sustained increased trading volume would support the case for continued momentum, but market participants should exercise caution.

    External catalysts — including regulatory announcements and macroeconomic trends — remain critical variables that could swiftly alter sentiment. Traders are advised to monitor these factors closely while assessing Ethereum’s trajectory in the sessions ahead.

  • Bitcoin Recovers From CPI Dip as US Inflation Holds at 3.4%

    Bitcoin Recovers From CPI Dip as US Inflation Holds at 3.4%

    US Inflation Data Triggers Brief Bitcoin Dip Before Recovery Above $77,000

    Bitcoin experienced a sharp but short-lived decline toward $76,000 following the release of the latest US Consumer Price Index (CPI) report, which showed underlying price pressures running slightly hotter than economists anticipated. The cryptocurrency quickly reversed course, reclaiming the $77,000 level, while Ethereum and several major altcoins maintained gains throughout the trading session.

    Core CPI Exceeds Forecasts, Keeping Federal Reserve Policy in Focus

    The US Bureau of Labor Statistics reported that the Consumer Price Index rose 0.4% in August, accelerating from July’s 0.1% increase and matching consensus estimates. On a year-over-year basis, headline inflation held steady at 3.4%, remaining well above the Federal Reserve’s 2% target.

    The core inflation measure, which strips out volatile food and energy components, increased 0.3% month-over-month — above the 0.2% increase most economists had projected. However, the annual core inflation rate edged down from 2.5% to 2.4%.

    Gasoline prices accounted for over one-third of the monthly headline increase, surging 3.9% and lifting the broader energy index 2.1%. Shelter costs rose 0.3%, while food prices edged up 0.1%.

    Bitcoin Volatility Reflects Trader Uncertainty on Rate Outlook

    Bitcoin initially slid to approximately $76,050 immediately after the data release before recovering to trade above $77,100. The token’s intraday range spanned $76,400 to $79,550, highlighting the divided sentiment among market participants interpreting the inflation implications for US interest rates.

    The stronger-than-expected core reading could reinforce a more hawkish stance from the Federal Reserve at its September 15-16 policy meeting. Elevated interest rates typically reduce the appeal of riskier assets as investors find alternative yield opportunities in safer instruments.

    Ethereum Outperforms as Broader Crypto Market Shows Resilience

    Ethereum led the major cryptocurrencies during the session, trading near $2,543 — a gain of nearly 3.2% after reaching intraday highs of $2,648. Solana advanced approximately 1.5% to around $101, while BNB climbed 1.4% to roughly $723. Dogecoin added a modest 0.5%, and XRP was little changed near $1.35.

    Notably, gains across the altcoin complex began before the CPI release, meaning they cannot be attributed to the inflation data. However, the market’s refusal to follow Bitcoin’s initial slide lower suggests the sell pressure was isolated rather than systemic.

    Key Takeaways

    • US headline inflation held at 3.4% year-over-year; monthly core CPI (0.3%) exceeded the 0.2% forecast.
    • Bitcoin briefly dipped toward $76,000 before recovering above $77,000, with an unusually wide $3,000+ intraday range.
    • Ethereum and major altcoins held gains, indicating the initial Bitcoin weakness did not trigger a broader market sell-off.