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ETH Nears $4,500 Amid Mixed Market Signals
Crypto Trends

ETH Nears $4,500 Amid Mixed Market Signals

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Key takeaways:

  • Ether rallied near $4,500 after sweeping liquidity around $4,200.

  • Spot demand fueled the rally, while futures participation stayed muted.

  • A daily close above $4,500 is critical to confirm breakout momentum.

Ether (ETH) rose 3.5% on Wednesday, approaching $4,500 after sweeping liquidity near $4,200 earlier on Monday. The move coincided with a bullish divergence between the price and the relative strength index (RSI) on the four-hour chart, as well as a breakout above a two-week falling wedge formation. Both technical patterns typically point toward potential upside continuation.

Ether four-hour chart. Source: Cointelegraph/TradingView

For confirmation, ETH needs to secure a daily close above $4,500, a level that could open the path toward the external liquidity zone between $4,800 and $5,000. 

Market commentator Jelle also acknowledged the breakout, suggesting that “price discovery awaits” for the altcoin.

However, one analyst does not view the breakout as decisive just yet. Crypto trader Popeye noted that Ether remains within a broader range. In an X post, the trader said, 

“4H – this is a range until proven otherwise. We do have some confluence with Monday’s range and volume nodes. If price finds acceptance above that node, we probably have a legit breakout.”Ether analysis by Popeye. Source: X

Ether futures and spot activity split on momentum

ETH futures data shows a split between spot and derivatives flows. Ether futures open interest did not increase significantly during the rally, signaling limited appetite from leveraged traders. By contrast, aggregated spot volumes increased with price, while funding rates stayed close to neutral, in line with its 30-day average.

This combination suggests the move has been led by spot demand rather than futures leverage. Spot-driven rallies often indicate organic buying interest, but without futures participation, breakouts can lack durability if momentum weakens.

ETH/USDT one-hour chart on Binance. Source: Velo.data

Related: Ether rally to $5.5K possible due to illiquid supply and bullish ETH futures signal

Altcoin volume spike on Binance

Binance recorded more than $16 billion in spot altcoin trading volume on Monday, dwarfing activity on rival exchanges. The spike has been attributed to improved macro liquidity conditions and Binance-specific incentives.

The increase contributed to a broader market rally, with Bitcoin (BTC) crossing $112,000 within two days. However, Ether flows tell a different story. Data from CryptoQuant indicates that its net taker volume on Binance remains largely negative on Wednesday, continuing the August trend of signaling persistent sell-side pressure despite wider altcoin enthusiasm.

ETH net take volume on Binance. Source: CryptoQuant

This divergence indicates that while traders are rotating into higher-beta altcoins, ETH might not be the primary beneficiary of speculative flows at the moment. 

Thus, the key technical level remains $4,500. A daily close above this threshold could confirm breakout momentum and extend gains, while failure to hold risks reaffirms the range-bound structure, possibly targeting range lows under $4,100.

Related: Price predictions 9/3: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



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Gold nears record high. (Jingming Pan/Unsplash)
GameFi Guides

XRP Breaks $2.80 as Bearish September Begins, Oversold Signals Suggest Recovery Ahead

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News Background

  • XRP declined 4% from $2.85 to $2.75 in the 24-hour session ending Sept. 1 at 02:00, moving across a $0.12 (4%) range.
  • Market turbulence was amplified by institutional liquidation flows totaling $1.9B since July, prompting fears of cyclical exhaustion.
  • In contrast, whales accumulated 340M XRP over the past two weeks, highlighting contradictory behavior between large holders and short-term liquidators.
  • September seasonality and ongoing regulatory pressure in the U.S. add to caution: crypto markets have historically underperformed in September, while unresolved SEC actions keep institutions wary.
  • On-chain data shows activity on the XRP Ledger trending higher, with symmetrical-triangle formations reminiscent of 2017 pre-breakout conditions. Liquidity maps suggest concentrations up to $4.00 that could amplify any upside move.

Price Action Summary

  • The sharpest decline came at 23:00 GMT on Aug. 31, when XRP dropped from $2.80 to $2.77 on 76.87M volume, nearly triple the daily average of 27.3M.
  • Support was tested again during the final hour (01:31–02:30 GMT, Sept. 1) as price fell from $2.77 to $2.75, with spikes of 10M+ tokens per minute confirming forced liquidations.
  • Earlier in the day, XRP briefly touched $2.87 before retreating, as institutional selling capped rallies above $2.80.

Technical Analysis

  • Support: $2.75–$2.77 remains the immediate base; below this, $2.50 and $2.00 are critical longer-term levels.
  • Resistance: Heavy rejection at $2.80–$2.87 marks the ceiling for now; $3.30 is the higher-term breakout line.
  • Momentum: RSI dipped into the mid-40s before stabilizing, suggesting oversold conditions.
  • MACD: Bearish divergence persists but histogram compression points to potential crossover if accumulation continues.
  • Patterns: Symmetrical triangle + double-bottom formations align with long-term cup-and-handle structure. Analysts flag upside potential to $5–$13 if resistance breaks and liquidity pockets above $4.00 are tapped.
  • Volume: The 76.87M spike during the $2.80 breakdown confirms distribution, but whale absorption of 340M tokens in the background supports the case for accumulation.

What Traders Are Watching

  • Can $2.75 hold as the new floor into early September trading?
  • A close above $2.87 would flip bias toward a run at $3.30.
  • Divergence between institutional selling ($1.9B since July) and whale accumulation (340M tokens in August) as a key market driver.
  • Whether seasonal September weakness overrides bullish structural setups pointing to $5–$13.



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Bitcoin price
Crypto Trends

Bitcoin Price Staging A Comeback? On-Chain Signals Suggest Market Bottom Is In

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

The Bitcoin price has struggled to break free of its horrid run of performances over the past few days, continuing to move below the $110,000 mark. While the flagship cryptocurrency appears to be relatively more stable in the past day, concerns are still swirling around about the coin’s struggles beneath critical levels.

According to a prominent market expert on X, the Bitcoin price could be gearing up to make a comeback in the coming days. The latest on-chain signals suggest that the market leader might have hit a price bottom, hinting that a trend reversal could be imminent.

Bitcoin Price Structure Might Be Bottoming Out: Analyst

In an August 30 post on X, crypto analyst Willy Woo revealed that the Bitcoin price structure might be bottoming out. The online pundit hinted that the world’s largest cryptocurrency might be at the start of its recovery journey after weeks of sluggish price action.

Woo highlighted a couple of on-chain metrics to back this optimistic outlook for the Bitcoin price. Firstly, the analyst mentioned the capital inflow metric, which tracks the amount of money that flows into the flagship cryptocurrency within a given period.

Source: @woonomic on X

As observed in the chart above, the Bitcoin network recently recorded its “first daily print” of positive inflows after weeks of outflows. According to Woo, this increasing flow into the BTC network is the first sign that the Bitcoin price might have reached a bottom.

Furthermore, Woo highlighted that the Macro Cycle Risk formed a new lower high and has triggered a drop in risk. Typically, a decline in the Macro Cycle Risk indicator suggests that liquidity is returning to the Bitcoin network, which could signal the start of buying pressure for the market leader.

Source: @woonomic on X

In the post on X, the crypto analyst also mentioned that the Risk-Off signal has reached a local peak and is on the decline. This drop suggests that investors are moving away from caution and might be looking to invest their money into risk assets, including cryptocurrencies.

Ultimately, Woo concluded that the Bitcoin price is stabilizing and seems to be forming a bullish structure already. The pundit, however, noted that investors would need to keep buying the dip for the bullish structure to fully form.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $108,756, reflecting an almost 1% increase in the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart from TradingView

Featured image from iStock, 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.



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Conflux price signals a surge ahead of 'Tree-Graph' upgrade
NFT Gaming

Conflux price signals a surge ahead of ‘Tree-Graph’ upgrade

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The upcoming Conflux 3.0 upgrade, scheduled to launch on August 31, promises to unlock parallel processing capabilities, boosting transaction throughput to 15,000 per second—surpassing rivals such as Ethereum and Tron.

Along with AI-driven features, cross-border trade tools, and real-world asset tokenization, the upgrade has ignited optimism. It also includes a partnership with AnchorX to launch a stablecoin pegged to the offshore yuan. Major exchanges, including Binance, are backing the hard fork, positioning Conflux (CFX) for significant growth.

Summary

  • Conflux price has formed a cup-and-handle pattern on the daily chart.
  • It has also formed a falling wedge, pointing to a strong rally.
  • The network will launch the Conflux 3.0 on Aug. 31.

Conflux ‘Tree-Graph’ upgrade imminent

The Conflux token has jumped by over 200% from its lowest point in July. This rebound aligned with the performance of most altcoins as Bitcoin (BTC) jumped to a record high.

It also rallied after the developers unveiled the coming Conflux 3.0 upgrade, which will introduce more capabilities in the network.

Known as the “Tree-Graph” upgrade, it will introduce parallel processing capabilities, which will increase its throughput to 15,000 transactions per second, surpassing other top chains like Ethereum and Tron. 

Conflux 3.0 will also introduce new artificial intelligence capabilities to capitalize on the ongoing hype. The AI industry has experienced significant growth recently, with AI tokens tracked by CoinGecko boasting a market capitalization of over $28 billion. 

The upgrade also introduces tools to enable cross-border trade and real-world asset tokenization. One of the top elements is its partnership with AnchorX, which will introduce AxCNH, a stablecoin pegged 1:1 to the offshore yuan. 

The Conflux 3.0 upgrade and hard fork will happen on Aug. 31 and will be supported by top exchanges like Binance. 

Conflux price technical analysis points to a rebound

CFX price chart | Source: crypto.news

The daily timeframe chart indicates that the CFX price has pulled back and entered a bear market. On the positive side, it has constantly remained above the 50-day and 100-day moving averages, which have provided it with substantial support. 

The coin has also formed a falling wedge pattern, which consists of two converging trendlines that are descending. Notably, this wedge formed after the coin found substantial resistance at $0.2730, which formed the upper side of the cup-and-handle pattern. 

Therefore, the drop is likely part of the handle section. This cup has a depth of about 72%. Measuring the same distance from the cup’s upper side points to an eventual surge to $0.488, which is 157% above the current level. 



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‘Short Strangle’ Preferred as Market Signals Near-Term Calm, Analyst Says
NFT Gaming

‘Short Strangle’ Preferred as Market Signals Near-Term Calm, Analyst Says

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Bitcoin BTC$111,292.90 defied expectations for significant volatility in August, trading within a range. As market dynamics indicate a continued low-volatility regime in the near term, 10x Research highlights the “short strangle” as an ideal play.

“Given the current dynamics in the bitcoin options market, a short strangle looks well-suited for the next month. With bitcoin trading around $113,000 and an expected range between $95,000 and $125,000, selling an out-of-the-money [September expiry] put near $95,000 alongside an out-of-the-money [September expiry] call near $125,000 provides an opportunity to capture premium,” Markus Thielen, founder of 10x Research, said in a report to clients Thursday.

Short strangle involves a simultaneous writing (selling) of out-of-the-money higher strike calls and OTM lower strike puts with the same expiry, positioned equidistant from the underlying asset’s spot price.

The strategy is similar to selling insurance against both bullish and bearish moves in exchange for a premium, which represents the maximum profit achievable if the spot price remains between the two strike prices – $95,000 and $125,000 in this case.

Selling options (or strangles) is a common strategy when implied volatility (IV) exceeds realized volatility, as this allows traders to capture richer premiums, and the market is expected to remain relatively stable.

“The strategy works because the implied volatility curve is trading above realized levels, signaling options are overpriced, and the market is unlikely to deliver large moves outside your defined range in the short run,” Thielen noted. “The options implied volatility term structure indicates near-term calm.”

The implied volatility (IV) term structure is a graphical representation showing how volatility is expected to evolve across different future time horizons. It is typically upward sloping, reflecting increasing uncertainty and risk as the time to expiration lengthens.

Risk-reward profile

BTC needs to continue trading between $95,000 and $125,000 for the suggested strategy to generate profits. The rangebound trading will reduce the demand for OTM calls and puts, thereby draining premium from these options and generating a profit for strangle sellers.

Thielen’s previous recommendation from early August was also a short strangle, involving a $105,000 put and a $130,000 call. This strategy generated a yield of 3.5%.

Note, however, that short strangles carry significant risks, particularly in the event of a sudden spike in volatility, which can lead to substantial losses. Therefore, traders must continuously monitor the position and relevant market variables to manage risk effectively.

Read more: Bitcoin Headed to $190K on Institutional Wave, Research Firm Says



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Princeton Researchers
Gaming Gear

Princeton scientists bend wireless signals around walls, hinting at wild terabit data speeds in homes, cars, and crowded cities

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  • High-frequency signals collapse when walls or people block their path
  • Neural networks learned beam bending by simulating countless basketball practice shots
  • Metasurfaces integrated into transmitters shaped signals with extreme precision

For years, researchers have struggled with some vulnerabilities in ultrahigh-frequency communications.

Ultrahigh frequencies are so fragile that signals that promise immense bandwidth can collapse when confronted with even modest obstacles, as walls, bookcases, or simply moving people can bring cutting-edge transmissions to a halt.

However, a new approach from Princeton engineers suggests those barriers may not be permanent roadblocks, although the leap from experiment to real-world deployment still remains uncertain.


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From physics experiments to adaptive transmissions

The idea of bending signals to avoid obstacles is not new. Engineers have long worked with “Airy beams,” which can curve in controlled ways, but applying them to wireless data has been hampered by practical limits.

Haoze Chen, one of the researchers, says most prior work focused on showing the beams could exist, not on making them usable in unpredictable environments.

The problem is, every curve depends on countless variables, leaving no straightforward way to scan or compute the ideal path.

To make the beams useful, researchers borrowed an analogy from sports. Instead of calculating each shot, basketball players learn through repeated practice what works in different contexts.

Chen explained the Princeton team aimed for a similar process, replacing trial-and-error athletes with a neural network designed to adapt its responses.

Rather than physically transmitting beams for every possible obstacle, doctoral student Atsutse Kludze built a simulator that allowed the system to practice virtually.

This approach greatly reduced training time while still grounding the models in the physics of Airy beams.

Once trained, the system was able to adapt extremely quickly, using a specially designed metasurface to shape the transmissions.

Unlike reflectors, which depend on external structures, the metasurface can be integrated directly into the transmitter, which allowed beams to curve around sudden obstructions, maintaining connectivity without requiring clear line-of-sight.

The team demonstrated that the neural network could select the most effective beam path in cluttered and shifting scenarios, something conventional methods cannot achieve.

It also claims this is a step toward harnessing the sub-terahertz band, a part of the spectrum that could support up to ten times more data than today’s systems.

Lead investigator Yasaman Ghasempour argued that addressing obstacles is essential before such bandwidth can be used for demanding applications like immersive virtual reality or fully autonomous transport.

“This work tackles a long-standing problem that has prevented the adoption of such high frequencies in dynamic wireless communications to date,” Ghasempour said.

Still, challenges remain. Translating laboratory demonstrations into commercial devices requires scaling the hardware, refining the training methods, and proving that adaptive beams can handle real-world complexity at speed.

The promise of wireless links approaching terabit-class throughput may be visible, but the path around the obstacles, both physical and technological, is still winding.

Via Techxplore

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Strategy signals another Bitcoin buy on June 2
Crypto Trends

Strategy’s Michael Saylor Signals Impending BTC Buy For Treasury

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Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase, and, if completed, the transaction will mark the company’s third BTC acquisition in August.

The company’s most recent Bitcoin buy occurred on August 18, when Strategy purchased 430 BTC for $51.4 million, bringing its total holdings to 629,376 BTC, valued at over $72 billion at the time of this writing.

Data from SaylorTracker shows Strategy is up over 56% on its BTC investment, representing over $25.8 billion in unrealized gains at current prices.

Strategy’s history of Bitcoin purchases. Source: SaylorTracker

The company’s BTC acquisitions in August have been relatively slim. Strategy typically acquires thousands or tens of thousands of BTC in every purchase, yet it has only acquired 585 BTC so far, in two separate transactions, this month.

Strategy leads the charge in corporate BTC acquisition and is the largest BTC treasury company by a wide margin. Saylor continues to advocate for Bitcoin by orange-pilling individual investors and financial institutions, sparking a movement in corporate finance.

Related: Are struggling firms using crypto reserves as a PR lifeline?

Strategy is not directly impacting Bitcoin market prices with its acquisition plan

Shirish Jajodia, the company’s corporate treasurer, recently told podcaster Natalie Brunell that Strategy does not move the BTC market with its purchases.

The company acquires BTC through over-the-counter transactions, private agreements between parties that occur outside of spot exchanges, and other methods that do not impact market price.

Institutional investors hold BTC long-term, which raises the floor price of Bitcoin over time. However, other factors, like price speculation and traders, have a more immediate impact on the short-term market price of BTC, Jajodia said.

“Bitcoin’s trading volume is over $50 billion in any 24 hours — that’s huge volume. So, if you are buying $1 billion over a couple of days, it’s not actually moving the market that much,” he added.

Price action of Strategy’s stock. Source: TradingView

Strategy continues to accumulate BTC for its corporate treasury, even amid sinking share prices, which have impacted most Bitcoin treasury companies in the second half of 2025.

The company’s stock sank to its lowest point in nearly four months on Wednesday, hitting a low of about $325 per share, levels not seen since April. However, the price rebounded to around $358 per share on Friday.

Magazine: Scottie Pippen says Michael Saylor warned him about Satoshi chatter



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Crypto Trends

Watch Out For XRP and Solana as Price Action Flashes Bullish Signals, Analyst Says

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XRP and Solana are showing signs of strength again, with traders pointing to both institutional flows and technical setups as catalysts for a fresh rally.

XRP is back above $3 after slipping under its 50-day moving average earlier this week, when whale selling dragged the token as low as $2.72. The rebound has traders watching for a break of $3.10 that could validate a move toward $4.

“With institutional adoption, ODL usage, and ETF optimism, the potential for $3 to $5 price levels remain realistic by year-end,” said Ryan Lee, chief analyst at Bitget, in a Saturday note to CoinDesk.

The bullish view follows months of regulatory wins for XRP and growing optimism that ETF products could unlock new demand. While whales booking profits created near-term pressure, some analysts argue that structural flows continue to point higher if resistance levels give way.

Solana’s rally looks equally notable. SOL jumped 10% in 24 hours to trade near $206, with momentum clustering in the $175–$180 range. ETF-driven staking demand and growing DeFi activity have pushed both open interest and total value locked higher, strengthening the case for continuation.

If the token holds above $180 and clears $205–$210 with conviction, traders see upside toward $250–$260 in the near term. Some models stretch the target as high as $300 if momentum persists and ETF clarity arrives.

If both sustain technical resilience, they could define the next leg of altcoin performance into the back half of 2025, Lee concluded.



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CRCL, COIN, MSTR Among Crypto Stock Rally as Powell Signals Possible September Rate Cuts
GameFi Guides

CRCL, COIN, MSTR Among Crypto Stock Rally as Powell Signals Possible September Rate Cuts

by admin



Crypto-linked stocks and digital assets surged on Friday after Federal Reserve Chair Jerome Powell signaled that the central bank could begin cutting interest rates as soon as September.

The tone marked a shift after weeks of growing investor doubt that the Fed would act before year-end.

Bitcoin BTC$115,897.19 and ether (ETH) both moved higher following Powell’s remarks, as did the S&P 500 and Nasdaq. Shares tied directly to the crypto sector posted some of the sharpest moves of the day.

At the time of writing, Circle (CRCL) led the pack with a 7% jump. eToro (ETOR) and Marathon Digital (MARA) each climbed 6%, while Coinbase (COIN) rose 5%. MicroStrategy (MSTR), which holds billions in bitcoin, gained 4%, and Robinhood (HOOD) advanced 3%.

The moves underscored how tightly crypto assets and equities remain linked to expectations for U.S. monetary policy. Lower interest rates typically ease financial conditions, encouraging risk-taking and increasing the appeal of speculative assets.

U.S. President Donald Trump has repeatedly called on the Fed to ease borrowing costs. Powell, however, emphasized that inflation risks remain and the labor market continues to show signs of strain.

Still, he suggested the calculus is evolving. “The balance of risks appears to be shifting,” Powell said, adding that while the jobs picture looks stable on the surface, “it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.”

That cautious framing helped reassure markets that the Fed is potentially preparing to move to cut rates but not rushing into a decision. Investors had grown less confident about a September cut after a series of firmer-than-expected economic readings. Friday’s comments put the possibility back in play.

Read more: Powell Puts September Rate Cut in Play; Bitcoin Pushes Higher



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GameFi Guides

Ethereum, Bitcoin Spike After Powell Signals Interest Rate Cut

by admin



In brief

  • The Federal Reserve has left the interest rate unchanged at its last five meetings.
  • In a speech at an annual gathering in Jackson Hole, Wyoming, Powell said that conditions had changed.
  • The Fed meets again in September.

The price of Bitcoin and other cryptocurrencies rose on Friday after Federal Reserve Chairman Jerome Powell signaled the possibility of an interest rate cut in Jackson Hole, Wyoming.

Within 15 minutes of Powell’s speech starting, Bitcoin jumped above $114,700 from $112,000, a nearly 2.5% gain, while Ethereum surged to $4,600 from $4,300, an almost 7% increase, according to crypto data provider CoinGecko. Both cryptocurrencies remained down 2.9% and 1.4%, respectively, over the past week.

By the time Powell was done with his remarks, altcoins were soaring. XRP and Solana had both surged more than 6% in less than an hour, with XRP regaining the $3 threshold for the first time since Tuesday. Dogecoin leapt more than 7% for the same time frame. However, most altcoins tracked by CoinGecko were still slightly in the red on the week, a sign of investors’ earlier angst about the Fed’s path forward.

An interest rate cut would likely buoy cryptocurrency and other risk-on assets by boosting liquidity for investment. U.S. President Donald Trump has been pressuring Powell relentlessly to slash rates amid concerns that the economy is slowing.



In a Myriad Linea market, 87% of respondents expect the Fed to change the interest rate, up from closer to 70% earlier this week.

(Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.)

Powell was steadfast in his assessment that the central bank faces elevated inflation risks compared to the labor market, but he said that the central bank is prepared to adjust its policy stance if its dual mandate of full employment and stable prices is in conflict.

Caveating that the central bank is not on any preset course, Powell said “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” indicating that the central bank may lower interest rates at its September meeting.

Still, Powell warned that inflation from Trump’s tariffs has not been fully reflected in economic data, and it could be that way for months.

“It will continue to take more time for tariff increases to work their way through supply chains and distribution networks,” he said. “Come what may, we will not allow a one-time increase in the price level to become an ongoing inflation problem.”

Analysts say that Bitcoin and other cryptocurrencies were falling earlier this week in anticipation of Powell’s eighth and final speech in Jackson Hole as Fed chair. With markets positioned for easing in September, they said “cautiously hawkish” remarks could disappoint investors.

Bitwise Senior Investment Strategist Juan Leon told Decrypt on Thursday that he expected Powell to focus on sticky inflation and tariff uncertainty, while avoiding any pre-commitment to a rate cut in September and potentially pressuring risk-on assets with a firmer tone.

Powell looked back on the COVID-19 pandemic in defending his tenure as Fed chair. The central bank took drastic measures to stabilize markets and stimulate growth as the U.S. economy ground to a halt nearly overnight. And as a red-hot economy roared back from pandemic-related pressures, inflation peaked at a four-decade high of 9.1% in June 2022. 

UPDATE (August 22, 2025, 11:01 a.m. ET): Adds token price information and context on the impact of a rate cut. 

UPDATE (August 22, 2025, 11:08 a.m. ET): Adds Myriad Linea paragraph. 

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