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Ethereum

Ethereum Treasury SharpLink Kicks Off $1.5 Billion Stock Buyback

by admin September 9, 2025

In brief

SharpLink Gaming began buying back shares of SBET as part of its $1.5 billion share buyback program.
The firm repurchased 930,000 shares at an average price of $15.98 for around $15 million worth of SBET shares.
SBET shares jumped 4.4%, but have fallen more than 31% on the month.

Ethereum treasury SharpLink Gaming began using its $1.5 billion stock buyback program, starting with the purchase of $15 million worth of SBET shares, the firm announced on Tuesday.

The Minneapolis, Minnesota-based firm authorized the program in August, but this is the first time its repurchased shares, grabbing 930,000 common shares at an average price of $15.98.

“Maximizing stockholder value remains our top priority as we execute on our vision of being the most trusted ETH treasury company in the market,” said SharpLink Co-CEO Joseph Chalom in a statement.

“With a robust balance sheet, zero debt and a powerful ETH treasury generating income, we are in a position of strength. We believe the market currently undervalues our business, and rather than issue equity while trading below NAV, we are focused on disciplined capital allocation – including share repurchases – to increase stockholder value.”

The firm maintains the second largest publicly traded Ethereum treasury with 837,230 ETH valued at around $3.6 billion, yet shares of SBET trade at only a $3.14 billion market cap according to data from Yahoo Finance.

When these conditions are present, Chalom said “ the accretive course of action may be to repurchase our common stock,” when the firm announced the plan in August.

Shares of SBET jumped around 4.6% on Tuesday amid the announcement, changing hands at $16.40. However, shares have greatly underperformed the firm’s treasury asset in the last month.

During that time, shares have declined by 31% while ETH has gained 2.2%.

Last week, SharpLink added more than $176 million in ETH to its treasury, bolstering its holdings to their current state. The firm, which stakes nearly all of its Ethereum to generate revenue, recently told Decrypt it would explore doing so on Ethereum layer-2 network, Linea.

The firm serves on the Linea Consortium, a group of Ethereum-aligned entities which are tasked with distributing the bulk of the LINEA tokens to ecosystem participants.

Decrypt’s reached out to SharpLink for comment.

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September 9, 2025 0 comments

Crypto Trends

Upbit unveils GIWA, a fast Ethereum Layer 2 with 1-second blocks

by admin September 9, 2025

The choice of a layer-2 network for South Korea’s largest exchange is a testament to Ethereum’s central role in the DeFi space.

Summary

South Korea’s largest crypto exchange is launching its own network
Giwa network will be a layer-2 chain, built for fast speeds
Upbit dominates South Korea’s crypto market with 73.4% of volumes

South Korea’s largest crypto exchange, Upbit, has officially stepped into blockchain infrastructure. On September 9, the exchange launched GIWA Chain, an Ethereum layer-2 network built on the Optimism OP Stack. The launch was announced at the Upbit D Conference (UDC) in Seoul after teasers in the days leading up to the event.

Giwa Network will feature one-second block times and EVM compatibility. At the same time, the network will leverage Ethereum to secure transactions. This enables the network to offer faster transactions while ensuring it is secure against attacks. Its name, Giwa, comes from traditional Korean roof tiles and symbolizes scalability.

In addition to Giwa Network, Upbit also unveiled a Giwa wallet, which will feature support for some of the larger EVM-compatible networks. The exchange will also launch a developer sandbox with full documentation in English and Korean to help developers build on the chain.

Upbit dominates Korea’s CEX market

Upbit is a dominant player in the South Korean crypto market. In 2024, the exchange accounted for 73.4% of trading volume on CEXs, processing $2 to 4 billion in daily volume. The exchange also has 8 million users, most of them in Asia.

Upbit was gearing up for a big reveal in the days ahead of the announcement. As reported by several sources, Dunamu, its parent company, filed for a Giwa trademark. Upbit also set up a timer on the Giwa website counting down to the launch. Still, earlier reports by Cointelegraph that the network would be a layer-1 chain turned out to be incorrect.

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September 9, 2025 0 comments

GameFi Guides

3 Reasons Why Ethereum Can Hit $5,000 in September

by admin September 9, 2025

At about $4,363, Ethereum (ETH) is once again trading in a critical area. There are indications that Ethereum might be preparing for another leg higher, possibly toward the $5,000 mark in September, even though price action has cooled off from the July rally’s explosive surge.

These three factors could lead the second-biggest cryptocurrency to make that move:

Solid technical base: At $4,164, ETH has successfully defended the 50-day EMA, making it a dynamic support level. Notwithstanding the general market uncertainty, consolidation above $4,000 indicates that buyers are defending the base. The path toward retesting the $4,600-$4,800 resistance becomes very likely if ETH maintains this level. From there, a clean breakout would put $5,000 right in front of you.
ETH/USDT Chart by TradingView
Market domination outside of Bitcoin: The distance between Ethereum and Bitcoin has been growing over the past few weeks. Despite that, Ethereum was holding onto its gains, while Bitcoin has found it difficult to recover lost ground.
Favorable setup for the macro and on-chain: With increasing network activity and adoption, ETH continues to have a positive long-term structure. Ethereum may rise since its RSI of 52 indicates that it is neither overbought nor oversold. Support levels for ETH are stacked at $4,164; $3,865 and $3,213, providing a number of buffers against downside risk. A push toward $5,000 might be encouraged by this stability if market sentiment improves.

But there are still difficulties. With investment flows dropping in recent weeks, institutional interest in Ethereum appears to be waning. It appears that both institutional and retail players are reluctant to make large commitments, as evidenced by the steady decline in trading volumes. Ethereum’s rally might stall before reaching the milestone if this pattern persists.

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The technical structure supports a run toward $5,000, and Ethereum appears to be very close to a breakout. But ETH’s ascent might be more difficult than bulls anticipate if institutional flows do not pick up again, and the volume declines.

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September 9, 2025 0 comments

Crypto Trends

Upbit Unveils Ethereum Layer 2 ‘GIWA’ To Compete In Infrastructure Race

by admin September 9, 2025

Upbit, South Korea’s largest exchange by volume, confirmed plans on Tuesday to launch its own Ethereum Layer 2 network, GIWA, as part of a broader infrastructure push, a month after trademark filings hinted at the project.

Shortly before the confirmation, Dunamu CEO Oh Kyung-seok teased details of the project in a keynote speech at the Upbit Developer Conference, saying South Korea “can aggressively compete in the global financial infrastructure race, extending beyond Asia,” according to a rough translation of a company tweet.

Citing the approval of the first U.S. Bitcoin ETF last year and the signing of landmark stablecoin legislation into law, Oh added that digital assets are “not a bubble but the result of evolution.”

While blockchain development has advanced in markets like the U.S. and Singapore, “the Korean market remains largely sidelined,” a representative for the company told Decrypt.

“Dunamu hopes that more domestic developers will build innovative blockchain services on GIWA, enter the Web3 ecosystem, and avoid being excluded from the global market,” the representative said.

GIWA will follow a phased decentralization roadmap, with stablecoin plans dependent on pending Korean regulation, Decrypt was told. The network is designed to offer scalability through Optimistic Rollups, privacy features with verified liquidity from Upbit’s market data, and a mobile wallet for assets, NFTs, and dApps.

The confirmation follows trademark filings on August 8 from Dunamu Inc., the operator behind Upbit. A Sepolia testnet for the layer-2 chain is now live.

“Although still in testnet, Giwa represents an important step in expanding opportunities for both Korean and global builders,” Rei Nam, chief technology officer at Lambda256, Dunamu’s blockchain technology arm and subsidiary, told Decrypt, adding that their team has supported “Giwa Chain from its earliest stage,” to help “new services and ideas emerge from it.”

Diversification play

GIWA is built on Optimism’s OP Stack, with its public testnet targeting one-second block times. A dedicated GIWA Wallet application is in development, per details on its official documentation.

Analysts say the network’s design raises familiar questions around centralization.

Like Coinbase’s Base, GIWA is expected to begin with a single sequencer under operator control, a model that can give exchanges significant influence over transaction ordering and potential maximal extractable value (MEV) capture.

In Ethereum-based Layer 2 networks, a sequencer orders transactions, groups them into batches, and submits them back to Ethereum for settlement.

Earlier this month, a regulatory report cautioned that exchange-operated Layer 2 networks could in practice function as trading venues, raising questions over whether similar scrutiny may extend to Asia.

Similar to Upbit, large exchanges such as Coinbase in the U.S. also have “centralized sequencer issues,” Jay Jo, senior analyst at Seoul-based Tiger Research, told Decrypt. “Both Coinbase and Upbit focus more on financial infrastructure innovation and utility than decentralization. They’ll likely operate similarly.”

“Sure, Upbit tried diversifying with Levvels, NFTs, and overseas exchanges in Thailand and Indonesia. Most failed,” he said.

Still, even if those have failed and regulatory risks exist, Upbit “operates under the direct supervision of Korean authorities,” Jo said, noting that the crypto exchange had likely reached some agreements with regulators before moving forward with GIWA.

Given this, Upbit would need “growth drivers since domestic volumes declined after 2021 and competition keeps intensifying,” he said, adding that fee-based models have clear limits, because previous attempts at revenue diversification have failed to deliver.

Building its own chain could leverage its advantages, Jo said, pointing to a “massive user base and liquidity” for Upbit.

“This might be their most realistic diversification play.”

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September 9, 2025 0 comments

NFT Gaming

BitMine’s Ethereum Holdings Hits New Milestone With 2M ETH

by admin September 9, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BitMine revealed it has increased its Ethereum (ETH) holdings to 2 million ETH over the past few days, achieving a key milestone for the company’s investment strategy and solidifying its position as the largest ETH Treasury in the world.

1.7% Of Ethereum’s Supply In BitMine’s Treasury

On Monday, BitMine, a Bitcoin and Ethereum Network Company with a focus on accumulating crypto for long-term investment, announced that it has achieved a significant milestone as its crypto and cash holdings have exceeded the $9.21 billion mark following recent purchases.

According to the announcement, the company now holds 2,069,443 ETH at $4,312, 192 Bitcoin (BTC), and unencumbered cash worth $266 million. This achievement is part of the company’s goal to hold 5% of Ethereum’s total supply, now controlling 1.71%, worth $8.5 billion.

BitMine’s chairman, Thomas “Tom” Lee, stated, “BitMine has surpassed the 2 million ETH milestone this past week. As we mentioned in our August Chairman’s message, the convergence of both Wall Street moving onto the blockchain and AI/ agentic-AI creating a token economy is creating a supercycle for Ethereum. And the power law benefits large holders of ETH, hence, we pursue the ‘alchemy of 5%’ of ETH.”

“At BitMine, we are leading our crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of our stock,” Lee added. It’s worth noting that the company became the third-largest crypto treasury and the largest Ethereum Treasury in the world after hitting the 1.15 million ETH milestone just last month.

Since then, the company has continued to accumulate nearly another million ETH and has become the second-largest crypto treasury, now only behind Michael Saylor’s Strategy, which holds 636,505 Bitcoin, worth $71 billion at current prices.

“We continue to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” continued Lee in the announcement. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.”

Strengthening ETH’s Ecosystem

BitMine also revealed it has made a $20 million strategic investment into Eightco Holdings Inc. (NASDAQ: OCTO) as part of OCTO’s $270 million private investment in public equity (PIPE). On September 8, Eightco announced it plans to adopt Worldcoin (WLD), an ERC20 asset, as its primary treasury holding.

Notably, the strategic investment marks the start of the company’s “Moonshot” strategy, which aims to allocate around 1% of BitMine’s balance sheet into projects to strengthen the Ethereum ecosystem and create value for BitMine equity shareholders.

According to the statement, BitMine is now one of the most widely traded stocks in the US, with an average daily volume of $1.7 billion, according to 5-day average data from Fundstrat.

The company’s stock has also been favored by international retail investors over the past few months, with hundreds of millions of dollars being poured into BitMine, which is seen as a proxy for Ethereum.

As reported by Bitcoinist, South Korean investors purchased $259 million worth of Bitmine stock in July, amid a shift from big US Tech companies’ stock to crypto-related equities. This made the company the most purchased foreign security stock, according to Korea Securities Depository data. The trend continued in August as South Korean individual investors sold approximately $657 million of Tesla stock while investing $426 million into BitMine.

Ethereum trades at $4,329 in the one-week chart. Source: ETHUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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September 9, 2025 0 comments

NFT Gaming

Ethereum Hits 0 in Volatility, Bitcoin Oversold? New Uptrend Born, XRP: You Can Smell Recovery

by admin September 9, 2025

After covered the poor state of the market in our most recent review, things turned around: Bitcoin might be gearing up for another surge, XRP is regaining solid market positions and Ethereum is entering a hiatus after being pushed down for days.

Ethereum sleeping?

The second-largest cryptocurrency in the world, Ethereum, is dealing with an odd and worrisome development: a disastrous decline in volatility. With ETH firmly settling around the $4,295 mark following weeks of quiet activity, price swings have all but stopped. Such a lull is not good for a market that depends on momentum.

ETH/USDT Chart by TradingView

Because of its high trading volume and steady market participation, Ethereum has a history of experiencing abrupt price swings, both upward and downward. ETH’s daily candles are getting smaller, volumes have decreased dramatically in comparison to the July spike and the asset seems to be stuck in a small range, which contradicts the current state of play. Stated differently, Ethereum is heading toward 0 volatility.

There are two possible interpretations for this lack of movement. Some who are optimistic might contend that Ethereum is just consolidating and gaining strength in preparation for its next breakout. While the 100-day EMA at $3,620 acts as a secondary cushion, the 50-day EMA at $4,124 offers strong short-term support. If volatility picks back up, ETH might soon move back into the $4,600-$4,800 range.

However, at the moment, the bearish interpretation is more credible. Usually, a collapse in volatility indicates waning investor interest, a reduction in speculative flows and the possibility of a steep correction should sellers intervene. ETH runs the risk of falling below $4,124 in the absence of fresh demand, which could pave the way for $3,620 and possibly the 200-day EMA at $3,201.

In summary, the market should be wary of Ethereum’s volatility collapse. Underneath the apparent stability of the lack of movement is the danger of fatigue. The second-biggest cryptocurrency in the world may be about to plunge further if ETH cannot draw in new investors soon.

Bitcoin’s upcoming surge?

After weeks of correction and sideways trading, Bitcoin might be subtly getting ready for its next leg upward. BTC is currently trading at about $111,583, where it is comfortably above the 200-day EMA at $104,991, and just above the 100-day EMA at $110,770, forming a tightening wedge pattern. Even though the most recent rally attempt has not yet gained significant traction, technical indicators point to the possibility of a new uptrend developing.

At 47 points, the Relative Strength Index (RSI), which is still below the neutral 50 mark, provides one of the strongest signals. In the past, these levels have frequently indicated that Bitcoin is oversold in relation to its longer-term trend. This suggests that, even though trading volume is not as enthusiastic, there is still plenty of opportunity for buyers to intervene and raise prices.

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From a resistance perspective, the immediate barrier is at the $112,362 level. A break above it would allow the 50-day EMA, which is currently at $114,878, to be reached. The recent downtrend would be invalidated, and a new bullish phase would probably be confirmed by a stronger move above $116,000.

To preserve its bullish potential, Bitcoin needs to defend $110,770 on the downside. A decline below this region would reveal the 200-day EMA, close to $105,000, which would represent a more definitive test of long-term trend support.

Although the market has been cautious, Bitcoin’s chart structure and technical indicators generally indicate that the asset is preparing for a possible uptrend. Bullish circumstances are produced by the combination of oversold RSI readings and consolidation close to strong support. Bitcoin may move from its current stagnation into a new upward cycle; if volume begins to increase in the coming weeks, it may retest $114,000 and higher.

XRP bears stand back

XRP is starting to show signs of recovery following weeks of bearish pressure and sideways trading. The asset is now trying to break through resistance levels that might pave the way for a wider recovery after rebounding from the $2.77 support, and is currently trading at about $2.91.

The first obstacle is the 26-day EMA, which XRP is currently testing. The most obvious indication yet that bulls are taking back control following a quiet August would be a confirmed close above this moving average. When that obstacle is overcome, the 50-day EMA at $3.07 will be the next target. This resistance has already absorbed selling pressure during the consolidation phase, making it structurally weaker than it was in prior months. Accordingly, the road to a long-term recovery appears much more attainable than it did at the beginning of the summer.

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There is cautious optimism bolstered by momentum indicators. Indicating fresh buying interest, the RSI has risen back toward 50, separating from oversold levels. Although it is still far below July’s highs, trading volumes have increased marginally from the previous week, indicating that market participation is starting to rebound.

Upward targets will swiftly expand if XRP can successfully break the 50 EMA, with the $3.30 zone emerging as the next resistance, and the $3.50 region not far behind. The recovery story would be weakened if $2.77 were not held, and XRP might be pulled back toward the 200 EMA at $2.53.

At the moment, the market is giving off subtle but significant cues. Although there are still some early indications, XRP may not be fully recovered. If the 26 EMA gives way and momentum continues, a break above the 50 EMA might signal the start of XRP’s next bullish phase.

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September 9, 2025 0 comments

NFT Gaming

Ethereum (ETH) Price Prediction for September 8

by admin September 8, 2025

Most of the coins have returned to the green zone on the first day of the week, according to CoinStats.

ETH chart by CoinStats

ETH/USD

The price of Ethereum (ETH) has risen by almost 1% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of ETH is approaching the local resistance of $4,362. If its breakout happens, the accumulated energy might be enough for a test of the $4,400 zone shortly.

Image by TradingView

On the longer time frame, the price of the chief altcoin is going up against falling volume.

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If the daily candle closes with no long, the upward move is likely to continue to the $4,400-$4,500 range until the end of the week.

Image by TradingView

From the midterm point of view, the rate of ETH is far from the support and resistance levels. The volume is going down, which means that neither buyers nor sellers have accumulated enough energy for a sharp move.

Ethereum is trading at $4,354 at press time.

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September 8, 2025 0 comments

Crypto Trends

Ethereum Revenue Drops but Analysts Say Network Still Strong

by admin September 8, 2025

A Messari analyst sparked heated debate over the weekend after declaring Ethereum is “dying” as network revenue declined in August.

In an X post on Saturday, Messari research manager AJC stated that “Ethereum’s fundamentals are collapsing,” as Ethereum’s revenue from fees in August was $39.2 million, down over 40% year-over-year and approximately 20% month-over-month.

Source: AJC

But many who read the post disagreed, pointing to Ethereum’s rising metrics, app revenue, stablecoin supply, continued L2 scaling and a distinction between Ethereum being a commodity, rather than a tech stock — meaning it shouldn’t be valued based on revenue.

Ethereum is still a vibrant ecosystem

A large part of Ethereum’s fall in revenue has come as a result of the Dencun upgrade in March 2024, which lowered transaction fees for layer-2 scaling networks using it as a base layer to post transactions.

Speaking to Cointelegraph, Henrik Andersson, chief investment officer of investment firm Apollo Crypto, said it is unlikely Ethereum is dying, because data from Ethereum L2s analytics tool growthepie shows it’s still “a vibrant ecosystem with stablecoin supply, throughput, and active addresses are all at or close to all-time high.”

As of Aug. 30, there were also over 552,000 daily active addresses on Ethereum according to investment research platform YCharts, representing a 21% increase since the same time in 2024.

There were over 552,000 daily active addresses on Ethereum as of Aug. 30. Source: YCharts

“We believe both Ethereum and Bitcoin have a place in a crypto portfolio,” Andersson said.

“Ethereum is becoming the neutral decentralized base layer for finance and just like Bitcoin is not valued on revenue but as a store of value, we don’t believe Ethereum can be valued solely on its revenue.”

In response to critics, however, AJC defended his use of revenue to value the layer-1 blockchain, explaining that because it’s collected in Ether (ETH), one of the largest historical demand drivers of consumption is now “trending toward zero.”

At the same time, AJC argued that active addresses and transactions are “meaningless statistics as it pertains to demand.”

Ethereum has been declared “dead” 40 times this year

Ethereum has been declared by various sources at least 150 times since 2014; most of these deaths have been recorded this year, with about 40, according to Ethereum Obituaries.

Ethereum has been declared dead 150 times before ACJ’s post. Source: Ethereum Obituaries

Ryan McMillin, chief investment officer at Merkle Tree Capital, told Cointelegraph that Ethereum continues to adapt and is generally declared dead in moments of narrative weakness, falling fees, transaction trending lower, or when competitors outpace it.

He said that in theory, because smart contracts are a competitive sector, developers and capital could slowly but permanently migrate elsewhere.

“But in practice, its developer community, entrenched DeFi protocols, and regulatory acceptance give it more staying power than the obituaries suggest; its current narrative is it will be the TradFi chain of choice, although the SOL ETF may disrupt that too,” McMillin said.

“The bigger story is that crypto is maturing into an ecosystem of differentiated assets, and Ethereum will remain one of the central pieces for years to come, and competition with other L1s is very healthy.”

McMillin said he doesn’t think Ethereum is “dying,” but said it has been stuck in a “difficult spot” for nearly two years because it’s trapped between Bitcoin’s narrative as digital gold and Solana’s pitch as the faster, cheaper alternative.

Related: Ether whales have added 14% more coins since April price lows

“Ethereum’s ultra-sound money framing was never going to win against Bitcoin’s harder monetary premium, and when it comes to throughput and cost, Solana simply offers magnitudes of improvement,” he said.

One area that has helped Etherum in 2025 is its spot exchange-traded funds, which unlocked traditional finance flows and positioned Ether as a levered play on stablecoin adoption and network growth, according to McMillin.

“But that advantage may not last long, spot Solana ETFs are expected in the coming weeks, which could quickly level the playing field for mainstream capital inflows.”

Magazine: Korean bill to legalize ICOs, Chinese firm’s Ethereum RWAs mystery: Asia Express

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September 8, 2025 0 comments

Crypto Trends

Kinto Token Crashes 91% as Ethereum L2 Project Shuts Down After Hack

by admin September 8, 2025

Kinto Network’s governance token has lost more than 91% of its value after the team announced it will shut down its Ethereum layer-2 blockchain at the end of September. The decision follows months of setbacks, including a devastating hack and failed fundraising efforts.

The project, built on Arbitrum and settled on Ethereum, tried to combine centralized exchange efficiency with decentralized security. It also offered tokenized stock trading of companies like Apple and Microsoft. But despite its ambitious plans, Kinto could not survive the financial and security challenges.

1/ 🛑 Kinto is shutting down.

After exhausting every path to keep going, we’re conducting orderly wind-down to protect users and community.

– Users can normally withdraw assets
– Phoenix lenders receive ~76%
– Morpho Victims can claim up to $1.1k each

Read full details 🧵

— Kinto (@KintoXYZ) September 7, 2025

Hack and Failed Rescue Plan

In July, an industry-wide exploit drained about 577 Ether (worth $1.6 million) from Kinto’s protocol. The vulnerability came from the ERC-1967 Proxy standard, a widely used OpenZeppelin codebase. Several projects were affected, but Kinto never fully recovered.

The team raised $1 million in debt to restart its “modular exchange,” yet worsening market conditions killed further fundraising. “Every day that we go on, the funds dwindle further. We’ve operated without salaries since July,” the team wrote in a Medium post. They added that shutting down cleanly was the only responsible choice left.

Kinto will return remaining assets to lenders, including $800,000 of Uniswap liquidity. Lenders are expected to recover about 76% of their loan principal. Victims of the hack will also receive a $1,100 goodwill grant per affected address, with co-founder Ramon Recuero personally contributing over $130,000.

Kinto’s Second Collapse

This is Recuero’s second crypto project to fail. His earlier venture, Babylon Finance, shut down in 2022 after a $3.4 million hack.

Following the shutdown news, the Kinto token (K) has fallen 91% to $0.38, with its market cap barely above $1 million. The token had reached a peak of $14.5 million just weeks earlier in mid-August.

Also Read: Ethereum whale cashes out $8.97M profit after Kraken deposit

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September 8, 2025 0 comments

GameFi Guides

Shiba Inu (SHIB) Biggest 2025 Breakout Is Around, Bitcoin (BTC) Recovery Failed, Ethereum (ETH): Worst Since Hitting $4,000?

by admin September 8, 2025

The market might be on the verge of a big volatility surge in the next few weeks. Shiba Inu is forming a breakout pattern, Bitcoin might hit new lows quite soon, and Ethereum is in its worst state since it climbed back above $4,000.

Shiba Inu: Steady and ready

One of the biggest breakouts of SHIB in 2025 may be on the horizon as the asset coils tighter within a symmetrical triangle. Since the middle of August, the pattern has been developing with higher lows and lower highs combining to form a condensed range around $0.00001236. For SHIB traders, the next few days are crucial because these setups usually resolve with significant volatility.

SHIB/USDT Chart by TradingView

A verified breakout above the upper trendline would put immediate resistance at $0.00001297 (100-day EMA) on the bullish side. If there is a significant volume clearing this level, SHIB may move toward the 200-day EMA at $0.00001388.
The $0.00001450-0.00001500 region, last observed in July where prior rejection initiated the current downtrend, could even be tested by a more vigorous rally. The larger structure would shift back in favor of bulls if momentum continued above these levels.
On the other hand, the triangle may break downward if SHIB is unable to maintain its base close to $0.00001200. The first support would be $0.00001150, and bears would then have the chance of retesting the $0.00000950 zone, which hasn’t been seen since the early summer.

Indecision is highlighted by technical indicators. The neutral configuration is highlighted by the RSI, which is at 47 and neither overbought nor oversold. As the breakout direction is determined, volume has been steadily declining during the consolidation, which is a classic prelude to a big move.

All things considered, Shiba Inu is getting closer to the summit of a significant triangle. For confirmation, traders should keep a close eye on $0.00001297 on the upside and $0.00001200 on the downside. SHIB’s largest move of 2025 might be a bullish breakout, which could rekindle retail enthusiasm if momentum pushes it toward the mid-$0.00001400s.

Bitcoin reversal limited

Recent attempts by Bitcoin to recover have failed, suggesting that the post-sell-off bounce may already be at its limit. Bitcoin failed to overcome this crucial resistance once more after rallying to retest the $112,000 area, leaving the larger structure open to additional declines.

Due to its location just below the 50-day moving average (blue line) and the local resistance cluster between $114,000 and $116,000, the rejection at $112,000 is especially significant. Bulls could have regained short-term momentum with a successful breakout here, but the inability to hold higher levels indicates that sellers are still in control. Bitcoin is currently trading at about $111,121, but there is a growing chance that it will fall further.

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The 100-day EMA, which is located close to $110,785, is the next important support. Bitcoin will probably test the 200-day EMA at $104,520 — a level that hasn’t been reached since May, if this doesn’t hold. Following the robust rally earlier this summer, such a move would confirm a deeper correction phase.

Momentum indicators support this pessimistic outlook. A lack of buying strength is indicated by the RSI, which is at 46, just below neutral. Compared to June and July, trading volume has also drastically declined, indicating a noticeable drop in market zeal. Bitcoin appears more likely to grind lower rather than stage another quick surge in the absence of fresh demand inflows.

Ethereum stalemate ends

Following weeks of intense volatility, Ethereum’s price action has flattened out entering a stalemate phase. With its current price hovering around $4,300, ETH is having trouble gaining traction and the overall picture indicates that momentum is ebbing rather than increasing. Short-term moving averages are the problem. At $4,144, ETH is currently sandwiched between the 26-day EMA and the 50-day EMA.

Normally, this squeeze indicates an impending breakout, but in this instance the setup appears more bearish than bullish. ETH may have already peaked for this leg of the cycle, according to worries raised by its inability to regain significant upward momentum after breaking $4,000 earlier in the summer. If sellers seize the initiative, ETH may first test the 100-day EMA level of $3,607, which served as dynamic support during the July rally.

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Failure there would probably push the asset closer to the 200-day EMA, which is at about $3,190, and would indicate a more severe correction phase. Conversely, a recovery could occur, but given the current technicals, the likelihood seems low. With the RSI at 52, it is close to neutral but does not have the strength to enter overbought territory. Additionally, since mid-August trading volumes have been dropping, indicating hesitancy on the part of both bulls and bears.

It is unlikely that ETH will experience a sustained rebound in the absence of a spike in demand. To put it briefly, Ethereum is displaying its weakest position since regaining the $4,000 mark. ETH may continue to move lower over the next few weeks due to a chart setup that leans toward a downside break and the lack of obvious bullish catalysts. Whether Ethereum stabilizes or moves into its next correction wave will be determined by traders in the $4,144-$3,607 range.

To summarize, the market is in a weird position: Some assets clearly show a possibility of a recovery, while others are struggling to reach values that we’ve witnessed a few weeks ago. Realistically, the market can go both ways, but with Bitcoin struggling to recover, the bullish scenario seems unlikely.

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September 8, 2025 0 comments