Tag:

Holds

Ethereum Ico Whale Stakes $646M As Price Holds Above $4.3K
GameFi Guides

Ethereum ICO Whale Stakes $646M as Price Holds Above $4.3K

by admin



An early Ethereum investor has made a dramatic return to the market by staking one of the largest ETH deposits in recent memory. 

On Thursday evening, 150,000 ETH, valued at around $646 million, moved from three wallets tied to Ethereum’s 2014 initial coin offering (ICO) into a staking address. This move comes as the Ethereum price trades at $4,325.35, up 1.20% in the last 24 hours at the time of writing.

The wallets had been sitting idle since February 2022, only handling transactions that weren’t in ETH. The investor made a move which is not usual by buying 1 million ETH during the ICO for $310,000, which means they snagged each token for a mere $0.31.

An #Ethereum ICO participant who received 1,000,000 $ETH just woke up after 8 years of dormancy.

He moved 150,000 $ETH($645M) to a new wallet for staking.

He invested $310K in the ICO via 3 wallets and received 1,000,000 $ETH — now worth $4.3B.

After staking 150,000 $ETH, he… pic.twitter.com/B5CBTBJ2O5

— Lookonchain (@lookonchain) September 5, 2025

That holding is now worth about $4.3 billion, according to Blockchain analytics platform Lookonchain on X. Even after this massive staking deposit, two wallets still hold another 105,000 ETH worth $451 million.

Dormant Ethereum Supply Comes Alive

This latest staking action follows a trend of long-term Ethereum whales reentering the market. Last month, another early participant transferred $19 million worth of ETH to Kraken, while a separate whale moved 2,300 ETH to the same exchange.

However, unlike those transfers, this week’s activity adds to Ethereum’s staking layer instead of fueling sell pressure. Ethereum staking now exceeds 33 million ETH as older investors seek stable yields through the proof-of-stake model.

Market Trends Reflect Bullish Sentiment

According to data from Coinglass, Ethereum’s funding rates have mostly remained in the positive territory over the past few months. Funding rates being positive means that long-term traders are paying short-term traders, which is a bullish signal.

Ethereum OI-Weighted Funding Rate, source: Coinglass

According to the chart, Ethereum’s price surged from around $1,800 in early April to over $5,000 by mid-August. Since then, it has pulled back a bit, settling in the $3,000 to $3,200 range before bouncing back. 

The rising funding rates have coincided with these price increases, suggesting a strong buying momentum. On the other hand, sharp declines in funding rates often indicate a cooling-off period when the market gets too hot. 

Ethereum whale choosing to stake $646 million instead of selling is a sign of long-term confidence. Hence, this move supports Ethereum’s network security and alleviates concerns about sudden sell-offs.

Also Read: SharpLink to Stake $3.6B in Ethereum on Linea After Launch





Source link

0 comments
0 FacebookTwitterPinterestEmail
Cameron and Tyler Winklevoss at the White House on July 18, 2025. (Jesse Hamilton/CoinDesk)
Crypto Trends

USDT Issuer Tether Holds Talks to Invest in Gold Mining: FT

by admin



Tether, the issuer of world’s largest stablecoin, USDT, has eyed investing in gold mining, the Financial Times reported on Friday.

The firm has held discussions with mining groups about putting money into the gold supply chain, including refining, trading and royalties, according to the report, which cited people familiar with the talks.

Tether CEO Paolo Ardoino referred to the precious metal as “bitcoin in nature,” in a speech at the Bitcoin 2025 conference in May.

One commodity industry executive referred to Tether as the “weirdest company I have ever dealt with,” according to the report.

Tether already holds $8.7 billion in gold bars in a Zurich vault, according to its financial statements, and in June this year paid $89.2 million for a minority stake in Elemental Altus (ELE), a publicly traded precious-metals investment company.

The company also offers Tether Gold (XAUT), a stablecoin in which each token is equivalent to the value of one troy ounce of physical gold.

Gold rose to an all-time high of over $3,550 per ounce this week, having nearly doubled in price in the last two years. Given its reputation as a haven amid geopolitical tensions, gold remains a natural investment of interest for crypto-native investors, many of whom buy bitcoin and other digital assets for similar reasons.

Tether did not immediately respond to CoinDesk’s request for comment.



Source link

0 comments
0 FacebookTwitterPinterestEmail
CoinDesk News Image
Crypto Trends

BTC Holds Steady as Traders Turn to Ethereum for September Upside

by admin



Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Bitcoin is stuck in a holding pattern near $112,000, according to CoinDesk market data, but the bigger story onchain might be the divide emerging between how investors treat BTC and ETH heading into September. BTC is acting more like a macro hedge, while ETH is being positioned as the real vehicle for upside.

That split reflects a mix of policy uncertainty and shifting trader flows. In a recent note, QCP Capital wrote that doubts about the Fed’s independence are keeping term premiums elevated, a setup that weakens the dollar and supports hedges like BTC and gold.

But options desks and prediction markets show momentum gathering in ETH instead, where traders see the most potential for a breakout.

Flowdesk reported muted implied volatility in BTC despite pullbacks, suggesting positioning rather than speculative bets. Skew remains negative, meaning puts are expensive, but that creates relative value in call structures. ETH risk reversals, meanwhile, have recovered from their recent selloff, indicating renewed demand for upside exposure.

SOL options also saw increased activity, with flows skewed to the upside on growing sentiment around its ecosystem and corporate Digital Asset Treasury initiatives. Spot activity rotated into ETH beta names like AAVE and AERO, as well as SOL betas like RAY and DRIFT, showing breadth widening beyond majors.

Prediction markets back this rotation theme. Polymarket sentiment reinforces the rotation. Traders expect BTC to stay capped near $120k, while ETH is given a strong chance of breaking $5,000 — a view consistent with its 20% monthly rally and recovering risk reversals.

Traders are increasingly treating BTC as a steady macro hedge, while ETH is emerging as the market’s high-conviction upside play into September.

Europe-based market maker Flowdesk wrote in a recent Telegram update that activity on the desk remains high, with clients broadly positioned for upside even as macro risks linger and seasonal volatility tends to pick up.

The macro backdrop sets the hedge case, trading flows show how positioning is shifting, and prediction markets validate it with real-money bets. Together, they sketch a market where BTC anchors as a governance and inflation hedge, ETH leads on performance, and SOL builds momentum as breadth improves.

Market Movements

BTC: Bitcoin remains in a consolidation phase around the $110K–112K range, marked by waning short‑term volatility.

ETH: ETH is trading near $4400. Its rally is being fuelled by surging institutional interest, especially via ETF inflows, and anticipation surrounding the upcoming Fusaka network upgrade. Price action is supported by strong structural demand as ETH continues to solidify its role in DeFi and smart contracts.

Gold: Gold is trading around record highs propelled by expectations of an imminent Federal Reserve rate cut (markets now price in about a 92% chance), weakening confidence in Fed independence, and increased demand from ETFs and central banks acting as conviction buyers.

Nikkei 225: Asia-Pacific stocks climbed Thursday, led by a 0.57% gain in Japan’s Nikkei 225, as Wall Street’s tech rally lifted sentiment despite lingering economic worries.

S&P 500: U.S. stocks rose Wednesday as Alphabet gained after avoiding a breakup in an antitrust ruling and investors boosted September Fed rate-cut bets despite fresh labor market concerns.

Elsewhere in Crypto:

  • U.S. CFTC Gives Go-Ahead For Polymarket’s New Exchange, QCX (CoinDesk)
  • Pump.fun’s New Fee Model Hands Out $2M to Creators in First 24 Hours (Decrypt)
  • AI Agents Will Become Biggest Stablecoin User, Says Novogratz (Bloomberg)



Source link

0 comments
0 FacebookTwitterPinterestEmail
xrp cardano_charles_hoskinson_ada_adausd_optimized
NFT Gaming

BlackRock Holds Back on XRP as ETF Rumors Heat Up for Cardano, Polkadot, and Chainlink

by admin


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

BlackRock, the world’s largest asset manager, has opted not to file for a U.S. spot XRP ETF in 2025 despite the SEC reclassifying XRP as a digital commodity and settling its lawsuit with Ripple.

The decision comes as competitors such as Grayscale, Bitwise, and 21Shares aggressively pursue XRP ETF approvals, with market analysts projecting inflows between $4.3 billion and $8.4 billion by year-end.

Instead, BlackRock remains focused on its dominant Bitcoin and Ethereum ETF products, citing limited institutional demand for altcoins. While the firm stresses caution, critics warn that hesitation could cost BlackRock market share as rival funds attract institutional investors seeking diversified crypto exposure.

Cardano ETF Rumors Drive Market Optimism

Meanwhile, Cardano (ADA) is becoming one of the hottest altcoin stories of September. Grayscale filed an updated S-1 with the SEC for its proposed Cardano ETF, boosting approval odds on prediction market Polymarket to 87%, up from 63–75%.

The proposed fund would trade on NYSE Arca, holding ADA directly with Coinbase Custody providing security. Analysts believe an approval could propel ADA’s price well above $1.00, with potential gains of 40–55% if institutional inflows materialize.

Beyond ETF speculation, Cardano continues to build fundamentals with ecosystem upgrades such as smart contract enhancements and the Midnight privacy protocol.

ADA’s price trends sideways on the daily chart. Source: ADAUSD on Tradingview

Polkadot and Chainlink Join the Rally

Polkadot (DOT) and Chainlink (LINK) have also captured investor attention amid ETF buzz and ecosystem progress. DOT, trading around $3.76, has been resilient, with analysts forecasting steady growth toward $4.20 this year and $6.99–$8.45 in 2026 as adoption of its cross-chain technology expands.

Chainlink, on the other hand, surged past $23 in late August after the U.S. Department of Commerce announced it would publish official economic data on-chain using Chainlink’s oracle network.

Bitwise also filed for a Chainlink spot ETF, further fueling bullish sentiment. Analysts see potential for LINK to retest highs near $30 if momentum holds.

With ETF speculation filling the market, BlackRock’s conservative stance on XRP contrasts sharply with the aggressive push by rivals into Cardano, Polkadot, and Chainlink. As SEC decisions approach this fall, the outcome could redefine institutional participation in the broader crypto market.

Cover image from ChatGPT, ADAUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
A gold bar (Scottsdale mint/Unsplash)
Crypto Trends

BNB Slips Below $860 as Resistance Holds and Traders Brace for U.S. Jobs Data

by admin



The price of BNB saw sharp intraday swings over the past 24-hour period as it continued to drop from an all-time high of $900 seen late last month.

Over a 24-hour window, the asset traded between $849.88 and $868.76, a 2% move that began with bullish momentum but ended with signs of fatigue near resistance.

The volatility follows filings with the U.S. Securities and Exchange Commission by REX Shares late last month, along with the rise of BNB-focused treasury firms. The latest, B Strategy, aims to hold up to $1 billion worth of BNB with backing from the investment firm led by Binance co-founders Changpeng Zhao and Yi He.

While BNB failed to hold on to its gains from earlier, underlying network activity surged. Daily active wallet addresses on BNB Chain more than doubled, climbing to near 2.5 million according to DeFiLlama data.

Yet, transaction volumes have been dropping steadily since late June, data from the same source shows. BNB’s price drop also comes ahead of key economic data from the U.S. this week, including surveys of manufacturing and services and August payroll figures.

Jobs data could influence the odds of the Federal Reserve cutting interest rates this month. As it stands, the CME’s FedWatch tool weighs a near 90% chance of a 25 bps cut, while Polymarket traders put the odds at 82%.

Technical Analysis Overview

BNB entered the session with a surge from $860.30 to $868.08, but the rally quickly lost steam. Heavy selling pressure emerged around the $867–$868 level, a zone that has now established itself as a key resistance ceiling, according to CoinDesk Research’s technical analysis model.

Volume surged during this attempt, peaking at 72,000 tokens, well above the average of 54,000, indicating a high level of participation during the failed breakout.

After the rejection, BNB retraced toward the $850–$855 range, where buying interest emerged. This was most visible as the token dipped to $851.40, triggering a volume spike. This response pointed to solid demand at these lower levels.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



Source link

0 comments
0 FacebookTwitterPinterestEmail
ripple xrp xrpusd
Crypto Trends

XRP Holds $2.80 Support as Whales Accumulate Nearly $1B: Could this Be Start to $4?

by admin


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

XRP has managed to hold its $2.80 support despite a sharp 4% drop over the past 24 hours, falling from $2.85 to $2.75 in the Aug. 31–Sept. 1 trading session.

The sell-off was fueled by institutional liquidations totaling $1.9 billion since July, but whale investors took the opposite stance, scooping up 340 million XRP worth nearly $962 million during the dip.

This accumulation suggests that large holders view current prices as a strategic entry point, even as short-term traders exit positions. Data also shows $268 million in XRP leaving exchanges, reinforcing the view that long-term investors are tightening supply in anticipation of future gains.

Technical Setup Points XRP Toward $4

From a technical perspective, XRP’s immediate support lies between $2.75–$2.77, with resistance seen at $2.80–$2.87. Analysts note that a close above $2.87 could open the path toward $3.30, a critical breakout zone that could trigger further momentum.

The XRP Price moving sideways on the daily chart. Source: XRPUSD on Tradingview

Momentum indicators back the bullish case. The Relative Strength Index (RSI) has dipped into oversold territory, while MACD compression hints at a potential bullish crossover.

On the charts, XRP is consolidating inside a symmetrical triangle pattern, similar to formations that preceded explosive rallies in 2017. Liquidity maps show clusters of activity extending to $4.00, indicating possible targets if the breakout materializes.

Whales Diverge From Institutional Selling

The contrasting behavior between whales and institutions is shaping market dynamics. While institutions have offloaded nearly $2 billion in XRP since July, whale absorption of 340 million tokens suggests confidence in the token’s longer-term trajectory.

Funding rates have also flipped positive, and open interest in XRP derivatives now stands above $8 billion, signaling that traders are positioning for upward moves. If buying pressure holds and September’s seasonal weakness is overcome, XRP could mount a recovery rally toward the $4 region.

Bottom Line

XRP’s ability to defend $2.80, supported by nearly $1 billion in whale accumulation, strengthens the case for a potential breakout. If resistance levels fall, a run toward $4 may be closer than many expect, though September volatility and regulatory headwinds remain key risks.

Cover image from ChatGPT, XRPUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Bitcoin: Realized Cap Drawdown (Glassnode)
GameFi Guides

Volatility Widens as Price Holds $2.77 Support

by admin



Token trades between $2.70–$2.84 in Aug. 31–Sept. 1 window, with whale accumulation countering heavy resistance at $2.82–$2.84.

News Background

  • XRP fell from $2.80 to $2.70 during late Aug. 31–early Sept. 1 before rebounding to $2.82 on heavy volumes.
  • Whales accumulated 340M XRP over two weeks, a signal of institutional conviction despite short-term bearish pressure.
  • On-chain activity spiked with 164M tokens traded during the Sept. 1 morning rebound, more than double session averages.
  • September remains a historically weak month for crypto, but whale accumulation is viewed as a counterbalance to retail liquidation flows.

Price Action Summary

  • Trading range spanned $0.14 (≈4.9%) between $2.70 low and $2.84 high.
  • The steepest decline came at 23:00 GMT on Aug. 31, as price slid from $2.80 to $2.77 on 76.87M volume, nearly 3x daily averages.
  • At 07:00 GMT Sept. 1, bullish flows drove a rebound from $2.73 to $2.82 on 164M volume, cementing $2.70–$2.73 as near-term support.
  • Final hour consolidation (10:20–11:19 GMT) saw price slip 0.71% from $2.81 to $2.79, with heavy selling between 10:31–10:39 on 3.3M volume per minute, confirming resistance at $2.80–$2.81.

Technical Analysis

  • Support: $2.70–$2.73 floor repeatedly defended, reinforced by whale buying.
  • Resistance: $2.80–$2.84 remains the rejection zone, with $2.87–$3.02 as the next upside threshold.
  • Momentum: RSI near mid-40s after rebound, showing neutral-to-bearish bias.
  • MACD: Compression phase continues; potential crossover if accumulation persists.
  • Patterns: Symmetrical triangle forming with volatility compression; breakout path remains open toward $3.30 if resistance clears.

What Traders Are Watching

  • If $2.70–$2.73 holds, short-term traders will treat it as a springboard for $2.84 retests.
  • A close above $2.84 would put $3.00–$3.30 back in play.
  • Downside scenario: breach of $2.70 exposes $2.50 as next structural support.
  • Whale accumulation vs. institutional selling — the push-pull dynamic that could dictate September direction.



Source link

0 comments
0 FacebookTwitterPinterestEmail
River research infographic showing bitcoin ownership distribution by category
NFT Gaming

Who Holds Bitcoin in 2025? Crypto Firm Maps Global BTC Ownership Distribution

by admin



River says individuals still own the majority of bitcoin.

The U.S.-based bitcoin financial services firm revealed ownership distribution research dated Aug. 25 in a recent post on X. The study groups bitcoin supply into a few categories and shows the market share of each, using public filings, custodial address tagging and earlier blockchain research.

River estimates individuals control about 65.9% of circulating BTC, or 13.83 million coins. This bucket includes self-custodied wallets and exchange accounts that River classifies as individual.

On the institutional side, River divides holdings into businesses, ETFs and funds.

  • Businesses — a global category covering corporate treasuries and conventional firms that report bitcoin holdings — account for about 6.2% of supply, or 1.30 million BTC.
  • ETFs and funds — spot ETFs and investment vehicles that custody coins for clients — control about 7.8%, or 1.63 million BTC.

Governments are shown at about 1.5%, or 306,000 BTC, based on sovereign addresses tracked from public sources.

Two special categories round out the distribution:

  • Lost bitcoin makes up about 7.6%, or 1.58 million BTC. River says this is inferred from age heuristics, which show coins that have not moved for many years and are likely unrecoverable.
  • Satoshi/Patoshi holdings are pegged at about 4.6%, or 968,000 BTC, based on earlier research into early-era mining patterns.

Finally, about 5.2% of the supply, or 1.09 million BTC, has yet to be mined before the hard cap of 21 million is reached.

River’s research estimates as of Aug. 25, 2025, individuals hold 65.9% of BTC, funds 7.8%

In plain terms, River’s research is an attempt to map who holds bitcoin today, not to forecast future prices. The estimates are not definitive, since custodians aggregate many clients, some wallets are misclassified, and ownership can be opaque.

River’s conclusion is that individuals still dominate holdings, but the institutional share is expanding, helped by the growth of ETFs and companies that now treat bitcoin as a balance-sheet asset.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Apto price holds support at $4.20, is a reversal to $5.00 next?
GameFi Guides

Apto price holds support at $4.20, is a reversal to $5.00 next?

by admin



Aptos crypto price is consolidating at high-time frame support around $4.20. Aptos price action at this confluence level could drive continuation if supported by bullish volume inflows.

Summary

  • Critical Support: Aptos holds $4.20 support, aligned with the 0.618 Fibonacci and value area low.
  • Volume Required: Bullish inflows are needed to confirm reversal momentum.
  • Upside Potential: Sustained support increases the probability of a rally toward $5.40 and beyond.

Aptos (APT) has shown resilience at the $4.20 level, a support region reinforced by both the value area low and the 0.618 Fibonacci retracement. Multiple daily closes above this area highlight demand at the current trading location. If sustained, this confluence could provide the foundation for a bullish reversal, keeping Aptos aligned with its broader trend of higher highs and higher lows.

Aptos price technical points:

  • Critical Support at $4.20: Confluence with the 0.618 Fibonacci and value area low reinforces demand.
  • Volume Profile Decline: A rebound requires bullish inflows to confirm momentum.
  • Upside Path: Holding $4.20 support increases the probability of a rotation toward $5.40 and beyond.

APTUSDT (1D) Chart, Source: TradingView

The $4.20 support zone has emerged as a crucial technical level for Aptos. Its alignment with both the 0.618 Fibonacci retracement and the value area low adds strength to the region, establishing it as a potential springboard for continuation. The repeated ability of price to close above this level suggests that buyers are defending the zone, creating conditions for further bullish momentum.

From a structural perspective, Aptos has preserved its bullish framework. The trend of higher lows and higher highs remains intact as long as $4.20 holds. A successful defense of this level would allow for the projection of another higher low, keeping the market biased to the upside. The next key resistance lies near $5.40, a level that could be tested if demand accelerates from support.

Volume will determine the sustainability of the next move. The current decline in trading activity is natural during consolidations, but it signals that fresh inflows are necessary to validate the reversal. Bullish volume needs to arrive in sharp bursts, alongside strong bullish candles, to confirm momentum. Without this, Aptos risks prolonging its consolidation, even if support holds.

What to expect in the coming price action

If Aptos continues to hold $4.20 support and bullish volume confirms, the price is likely to rotate toward $5.40 and beyond. Losing $4.20 on a closing basis, however, would weaken the bullish case and risk breaking the higher-low projection.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Bitmine Adds Another 4,871 Ethereum To Treasury: Now Holds $7.65B In ETH
Crypto Trends

Bitmine Adds Another 4,871 Ethereum To Treasury: Now Holds $7.65B In ETH

by admin


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

Ethereum is holding steady above the $4,400 mark after a weekend surge that briefly carried it to fresh all-time highs. The rally, fueled by strong institutional demand and broader market optimism, has been tempered over the past two days as the price retraced to test lower levels. Despite the pullback, ETH remains one of the most closely watched assets in the market, with bulls and bears both eyeing the next decisive move.

Analysts are divided. Some argue that ETH’s ability to maintain support above $4,400 signals resilience and a potential setup for another rally toward $5,000. Others, however, see warning signs of buying exhaustion and raise concerns of a deeper correction if market sentiment shifts.

Adding to the intrigue, blockchain analytics firm Lookonchain revealed that Bitmine, Ethereum’s largest corporate holder, bought another 4,871 ETH worth $21.28M just 12 hours ago. This brings Bitmine’s total holdings to staggering levels, reaffirming the narrative of large-scale institutional accumulation.

The combination of strong whale activity, heightened institutional demand, and volatile short-term price swings underscores the pivotal moment Ethereum faces. Whether ETH breaks higher into uncharted territory or succumbs to correction pressures will be a defining factor for the broader altcoin market.

Bitmine’s recent Ethereum transaction | Source: Lookonchain

Ethereum Whale Accumulation Strengthens Bullish Outlook

According to Lookonchain, Bitmine currently holds 1,718,770 ETH valued at $7.65 billion, making it one of the largest corporate holders of Ethereum. This accumulation trend has become a defining feature of the current market cycle, with other companies such as Sharplink Gaming and Bit Digital also expanding their ETH positions. Such large-scale institutional buying reinforces the bullish continuation narrative and sets Ethereum apart as the leading altcoin for long-term growth.

Beyond accumulation, macro conditions and legal clarity in the US are playing a vital role in Ethereum’s outlook. The clearer regulatory environment is attracting more institutions, which now see ETH not only as a key player in decentralized finance but also as an asset with growing legitimacy. This shift in sentiment is fueling expectations for Ethereum to outperform in the coming months.

At the same time, liquidity dynamics are tightening. Exchanges are reporting declining ETH balances, while OTC desks such as Wintermute highlight a fast-paced decline in reserves. This suggests that supply is increasingly being absorbed by institutions and long-term holders, leaving fewer coins available on the open market.

The combination of institutional demand, regulatory clarity, and shrinking supply creates a powerful backdrop for Ethereum. While short-term volatility may persist, the underlying fundamentals point to a market primed for continuation toward new milestones.

Weekly Chart Signals Strength

Ethereum’s weekly chart shows that the asset is in the middle of a significant test after its surge to new highs above $4,800. Following that rally, ETH retraced sharply, now trading around $4,422, reflecting a volatile but healthy correction after weeks of steep gains. Despite this drop, the chart still shows ETH maintaining its broader bullish structure.

ETH testing ATH levels | Source: ETHUSDT chart on TradingView

The 50-week moving average (blue line) is curving upwards, signaling renewed momentum after months of consolidation earlier this year. Meanwhile, the 100-week (green) and 200-week (red) moving averages remain well below the current price, reinforcing that ETH is still in a strong macro uptrend. The retracement seems to be finding support around the breakout zone of $4,200–$4,400, which could act as a new base if bulls defend it.

The most notable takeaway is how ETH has broken free from its long consolidation between 2022 and early 2025, where the price struggled under $3,000. That multi-year resistance zone has now flipped into strong support, suggesting the potential for Ethereum to sustain higher levels in the months ahead.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close