Worldcoin verdoppelt sich in einer einzigen Woche. Bleibt das Momentum bestehen und treibt Altcoins an?
Ether holds in tight range as accumulation data suggests long-term support
- ETH holds $4.2K–$4.5K range as $7.5B accumulation signals long-term support.
- Institutional open interest hits records, boosting confidence in ETH outlook.
- Key $4.5K resistance may trigger rally, while $4K–$4.1K offers downside support.
Ether (ETH) is trading in a narrow band between $4,200 and $4,500 this month, showing signs of fading momentum even as underlying on-chain data suggests stronger structural demand.
While short-term traders remain cautious about potential weakness, accumulation patterns, exchange flows, and institutional positioning paint a more nuanced picture of Ethereum’s market trajectory.
Accumulation trends around $4,300–$4,400
Data from blockchain analytics firm CryptoQuant highlights a key accumulation zone between $4,300 and $4,400.
Roughly 1.7 million ETH, worth around $7.5 billion, has been absorbed into long-term accumulation addresses at these levels.
Much of this activity has been linked to withdrawals from centralized exchanges, which reflects an average cost basis near $4,300.
This cluster of buying interest establishes a significant support region that could serve as a cushion if Ether revisits lower levels.
Analysts suggest that the ability of ETH to hold above this range may determine whether the current consolidation turns into a springboard for a rally or a deeper correction.
Binance, the world’s largest exchange by volume, has been central to this dynamic, handling the largest outflows during the accumulation phase.
Interestingly, addresses that deposited ETH onto Binance show a markedly lower average cost basis, closer to $3,150.
This divergence highlights contrasting strategies between longer-term holders accumulating at higher levels and shorter-term traders potentially seeking profits at lower entry points.
Institutional participation and derivatives market activity
Institutional flows are also shaping Ether’s outlook.
Open interest on the Chicago Mercantile Exchange (CME) has climbed to record highs, with a heavy concentration in short-term maturities spanning one to three months.
While this concentration increases the likelihood of volatility around contract expirations, it also signals rising institutional engagement.
Notably, longer-term maturities of three to six months are also building, which analysts interpret as a sign of confidence in Ethereum’s broader trajectory.
Crypto market analyst Pelin Ay emphasized that institutional demand and positioning in derivatives markets could support further upside.
While liquidation risks remain elevated, Ay suggested ETH may still target the $6,800 resistance level before the end of the year.
Technical levels and market sentiment
From a technical perspective, Ether has largely ranged between $4,200 and $4,500 in September, underperforming peers such as Bitcoin and Solana, which have recently notched higher highs.
This divergence suggests a temporary rotation of capital into other major crypto assets.
Still, the $4,500 level is seen as a crucial inflection point.
A decisive break above this threshold could restore momentum and trigger a stronger upside move.
On the downside, risks of a liquidity sweep remain, with support zones identified around $4,200 and an order block near $4,000–$4,100.
Market sentiment remains divided. Crypto trader Merlijn pointed to monthly indicators turning more constructive, including a MACD flip to green after years of consolidation.
According to Merlijn, this technical signal suggests Ethereum is “coiled and ready to detonate,” adding that clearing the $4,500 level could trigger a parabolic rally.
As Ethereum approaches the final quarter of the year, the balance between weakening short-term momentum and deepening structural support may determine whether it breaks higher or retests key demand zones.
The post Ether holds in tight range as accumulation data suggests long-term support appeared first on CoinJournal.
Krypto News: 5 spannende Dinge aus dem DeFi-Space
Decentralized Finance bleibt ein spannender Trend. Diese fünf Dinge passierten in den vergangenen Tagen:
XRP-Kurs peilt im Aufwind Sprung über 4 US-Dollar-Marke an
XRP hat zurzeit ordentlich Rückenwind und könnte mittelfristig bis auf 4,50 US-Dollar klettern.
Solana price hits 7-month high, outlook points at $250
- Institutional demand and ETF momentum fuel Solana’s rally.
- Network upgrades have boosted speed, efficiency, and DeFi growth.
- Key test ahead as SOL eyes breakout above $245–$250.
The Solana price has surged to a seven-month high, extending its lead as one of the best performers in the digital currency market this year.
The token, which recently climbed past $225, has outpaced broader crypto benchmarks as investors, institutions, and traders rally behind what many see as a pivotal stage for the blockchain’s growth.
With momentum building from technical, institutional, and macroeconomic factors, Solana’s near-term outlook is now tilting towards a test of $250.
Solana price analysis
Solana’s recovery from earlier support around $200 has turned into a sustained rally, fueled by higher highs and steady trendline support.
Notably, there is an ascending triangle formation that often precedes sharp breakouts, with resistance zones emerging between $245 and $280.
A clean push above these levels would put Solana in striking distance of its January all-time high near $293.
Technical indicators remain bullish, with the Relative Strength Index (RSI) hovering at manageable levels despite recent gains, while the MACD has flashed a golden cross that signals further upward momentum.
As long as $200 holds as a solid floor, Solana’s chart continues to favour the bulls.
Solana institutional interest rises
Solana’s futures open interest on the CME reached a record $1.49 billion on September 9, underscoring the role that large investors are playing in driving demand.
Additionally, the launch of the first US Solana staking ETF has deepened the trend, adding legitimacy to Solana’s position within regulated markets.
Fresh developments on Wall Street have amplified the story, with Nasdaq recently welcoming the listing of SOL Strategies (ticker STKE), the first Solana-focused treasury company, which currently holds about $90 million worth of the token.
The listing is seen as a milestone for institutional validation, echoing the trajectory Bitcoin followed with ETFs.
At the same time, other firms such as Upexi and DeFi Development Corp. have accumulated hundreds of millions in Solana (SOL) this year, while Forward Industries announced a $1.65 billion raise with plans to anchor a large Solana treasury.
Solana network gets faster
The Solana blockchain itself is also undergoing meaningful upgrades.
For instance, the recent Alpenglow consensus upgrade has reduced transaction finality to just 150 milliseconds, while recent capacity increases have boosted throughput by two-thirds.
These changes address previous bottlenecks and enhance Solana’s appeal as a high-performance Layer 1 network.
In addition, although memecoins still dominate fee generation, Solana’s total value locked in DeFi has reached $13 billion, rising sharply over the third quarter.
Solana price forecast
The short-term Solana price outlook is centred on whether Solana can close above the $245 to $250 zone.
A decisive breakout would strengthen the case for an extension toward $280, with higher targets of $300 to $350 possible if momentum continues.
Macroeconomic conditions could provide the additional fuel needed for the rise to $280, markets pricing in US interest rate cuts before the year’s end, a shift that often benefits risk assets like cryptocurrencies.
If ETF approvals materialise in the coming months, Solana’s relatively smaller market size compared to Bitcoin and Ethereum means that even moderate inflows could have an outsized effect on its price.
However, a pullback toward $200 remains a risk if profit-taking sets in, especially given the token’s strong 90-day run of more than 55%.
The post Solana price hits 7-month high, outlook points at $250 appeared first on CoinJournal.