Kategorie: Crypto Markets

• 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.

• Avalanche’s price rose to around $29.82 on Thursday, riding bullish news for the 10% uptick.
• This comes amid Avalanche Foundation’s plans for a $1 billion AVAX treasury strategy.
• AVAX is among several cryptocurrencies also on the list of expected crypto ETFs.

The Avalanche blockchain’s native token AVAX has surged nearly 10% following news of a significant financial maneuver by the Avalanche Foundation. 

On Thursday, AVAX price jumped to highs of $29.82, with daily volume rising more than 73%.

The uptick followed news that the Avalanche Foundation is poised to raise $1 billion to establish an AVAX treasury reserve.

Avalanche price gains amid $1 billion AVAX treasury

The Avalanche Foundation, the non-profit organization driving the Avalanche blockchain, is in advanced talks to establish two U.S.-based digital asset treasury companies aimed at amassing AVAX tokens. 

According to the Financial Times, sources familiar with the matter say these initiatives are expected to raise approximately $1 billion.

The deals aimed at this initiative are nearing completion, likely in the coming weeks.

The entity will use these funds to purchase millions of AVAX tokens at a discounted rate directly from the Foundation.

The first deal, led by Hivemind Capital, aims to secure up to $500 million through a private investment in a Nasdaq-listed company, with guidance from crypto investor Anthony Scaramucci.

Meanwhile, the second will involve converting an existing company into a similar treasury vehicle, also targeting $500 million.

Plans for a $1 billion AVAX treasury move come as Avalanche sees a huge increase across stablecoins and real-world assets.

For instance, Avalanche’s stablecoin market cap has increased by 58% to over $2.2 billion over the quarter. Elsewhere, RWAs are up by nearly 90% over the past month.

AVAX’s price rose amid the market’s reaction to the news, reaching above $29 and opening up a potential path for upward continuation by bulls.

What’s the outlook for AVAX price?

The recent price surge underscores renewed investor interest in Avalanche, particularly as it competes with blockchains like Ethereum and Solana, whose tokens have benefited from similar treasury stockpiling trends. 

Onchain data shows crypto treasury companies have raised over $16 billion in 2025 to ramp up their treasury strategies.

As the growing appetite for such investments rises, coins like AVAX could benefit. Tokenization is another big move.

AVAX is also one of the crypto tokens with ETF applications before the SEC. Market conditions and these factors could stabilize Avalanche’s price and allow it to rise alongside other cryptocurrencies.

In this case, AVAX could see sustained upward pressure, potentially testing the $40–$45 range.

However, market sentiment and regulatory developments will play a pivotal role. These factors can determine whether AVAX can maintain its gains or face resistance amid broader crypto market fluctuations.

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• A high-stakes vote is underway to choose Hyperliquid’s native stablecoin.
• The Stripe-aligned Native Markets has taken an early but slim lead.
• The winner will control a 5.5 billion dollar prize and a key DeFi rail.

The opening shots have been fired in a high-stakes and hotly contested battle for the financial soul of one of crypto’s fastest-growing exchanges.

The race to mint Hyperliquid’s native stablecoin, USDH, is underway, and in the early innings, the formidable, Stripe-aligned Native Markets team has seized a tenuous lead.

But with the majority of voting power still on the sidelines, the ultimate prize remains very much up for grabs.

As of Thursday morning in Hong Kong, Native Markets has secured 30.8 percent of the delegated stake, a lead built on the back of heavyweight validators like infinitefield.xyz and Alphaticks.

Its closest rivals, the New York-regulated Paxos Labs and the innovative Ethena, are trailing at 7.6 percent and 4.5 percent, respectively. Other contenders, despite splashy proposals, have yet to gain significant traction.

The undecided whales and the path to victory

But this is not a race that will be won in the early stages. The bigger and more decisive picture is that more than half of the total stake—a commanding 57 percent—remains unassigned.

This silent majority includes some of the most powerful and influential validators on the Hyperliquid network, including the single largest, Nansen x HypurrCollective, which alone controls over 18 percent of the vote, and the institutional giant, Galaxy Digital.

The final outcome will be decided by where these titans ultimately land.

Their votes will determine whether Native Markets’ early momentum is a decisive opening salvo or merely a fleeting lead in a long and unpredictable war. The deadline for this crucial decision is September 14.

A prize beyond measure

The stakes of this contest cannot be overstated. This is far more than a simple token launch; it is a battle to wire a new stablecoin directly into the financial backbone of a DeFi powerhouse.

Hyperliquid currently holds a staggering 5.5 billion dollars in USDC deposits, a sum that represents roughly 7.5 percent of that stablecoin’s entire circulating supply.

Replacing that with USDH would be a monumental shift, redirecting hundreds of millions of dollars in annual Treasury yield to the winning protocol.

The contenders have come to the table with lavish promises to woo the validators. Paxos has pledged 95 percent of its earnings to buy back Hyperliquid’s native HYPE token.

Frax has promised 100 percent of its yield directly to users. Agora has offered 100 percent of its net yield alongside institutional-grade custodianship.

With Hyperliquid already commanding nearly 80 percent of the decentralized perpetuals trading market, the winner of this contest will not just be minting a stablecoin; they will be forging a new, foundational rail for the future of decentralized finance.

Market updates

• BTC: Bitcoin is trading at 114,053 dollars, up 2.6 percent in the past 24 hours. The move reflects a short-term rebound fueled by positive risk sentiment, even as a longer-term consolidation continues.

• ETH: Ethereum is trading at 4,373.99 dollars, up 2 percent, as investors shrug off a recent mass-slashing event that penalized over 30 validators, a sign of the network’s underlying resilience.

• Gold: Gold is holding near 3,635 dollars an ounce after hitting a peak of 3,674 dollars on Tuesday. Investors are awaiting U.S. inflation data, while the investment bank ANZ has raised its year-end gold target to 3,800 dollars, seeing a potential peak near 4,000 dollars by next June.

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• Mantle price jumps to near all-time high as volume spikes 50%
• This comes amid integration of HyperEVM via LayerZero, enhancing MNT’s utility across blockchains.
• MNT is only 4% away from its ATH reached in April 2024.

Mantle (MNT), the native token of the Mantle Network, has skyrocketed by 17% in just 24 hours to hit $1.50 as bulls target a new all-time high. MNT also popped to a new all-time high in terms of market cap, gaining amid major Bybit announcement.

This has caught the attention of crypto investors as Mantle volume surges 50% to signal  growing interest in Mantle’s ecosystem.MNT’s price gain is largely fueled by recent technological advancements and strategic partnerships.

What catalysed the MNT price surge?

Mantle’s latest price spike came alongside gains for other cryptocurrencies as Bitcoin surged to above $114k. However, MNT’s spike can be attributed to a series of developments within the Mantle ecosystem.

A key driver is the integration of MNT with HyperEVM via LayerZero’s Omnichain Fungible Token standard, enabling seamless cross-chain mobility. 

This move expanded MNT’s utility, allowing it to operate across multiple blockchain networks, enhancing its appeal to developers and users. Also, Mantle’s focus on low-cost, high-speed transactions has attracted decentralized finance (DeFi) projects, boosting on-chain activity.

The broader cryptocurrency market has shown bullish signals, but Mantle’s performance stands out with its 17% surge pushing the MNT market cap to an all-time high of $4.8 billion. 

Mantle’s trading volume also increased as investors looked to capitalize on Bybit’s listing of 21 new MNT trading pairs.

Bybit also announced a reward program for Mantle holders. The market’s positive response to Mantle’s technological advancements and partnerships signals strong investor interest. As well as price action, Mantle’s total value locked has surpassed $1.8 billion, signaling traction across DeFi.

🚀 $MNT is leveling up on Bybit! @Mantle_Official

We’re listing 21 new MNT trading pairs on Spot — unlocking more ways to trade, hedge & discover opportunities with Mantle’s growing universe.

Stay tuned as more pairs roll out.

Learn More: https://t.co/WCWIDaG0Cl pic.twitter.com/vROWHz9zw2

— Bybit (@Bybit_Official) September 9, 2025

What’s next for Mantle price?

Mantle’s trajectory depends on its ability to sustain ecosystem growth and navigate market dynamics. This includes its partnership with LayerZero and potential new integrations which could further enhance MNT’s interoperability, attracting more DeFi and NFT projects.

Upcoming developments may also indirectly boost Mantle’s visibility in the layer-2 space,despite analysts warning that macroeconomic factors, such as regulatory shifts or broader market corrections, could impact MNT’s price.

With its robust infrastructure and growing adoption, Mantle price could hit a new ATH and target $2.00 or higher.

As the ecosystem evolves, MNT’s price movements will likely reflect its ability to deliver on technological promises and maintain investor confidence. Currently, the technical setup supports MNT price surge.

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• Binance.US slashes fees to 0% maker, 0.01% taker on 20+ crypto pairs, including ETH and ADA.
• Exchange volume share fell to 0.20% after the SEC lawsuit, down from around 10% last year.
• Fee cuts aim to win back traders in a US market now led by Coinbase and Kraken.

Binance.US, the American affiliate of global crypto exchange Binance, has cut fees on more than 20 trading pairs as it struggles to revive activity on its platform.

The exchange announced it will now offer 0% maker fees and 0.01% taker fees across the pairs, including Ethereum, Solana, BNB, and Cardano.

The updated fee schedule does not require any subscription or minimum trading volumes.

Maker fees apply to orders that provide liquidity by resting on the order book, while taker fees apply to orders that immediately match against existing orders.

As part of the change, Binance.US also expanded its “Tier 0” pricing model to include more than 20 additional pairs.

All Tier 0 pairs, including BTC/USD — which replaces BTC/USDC — now carry a 0.01% taker fee while maintaining 0% maker fees.

The Tier 0 structure was first introduced in 2022 with bitcoin trading pairs, a move that temporarily boosted trading volumes at the time.

Binance.US is aiming for a similar effect with its latest effort to reset pricing in a market where it has lost significant share.

Market share plunge since SEC case

Trading activity on Binance.US has declined sharply since mid-2023, when the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance, Binance.US, and co-founder Changpeng Zhao.

In June 2023, the exchange suspended US dollar deposits and withdrawals, leaving it to operate solely as a crypto-to-crypto venue.

The absence of fiat rails contributed to a steep decline in volumes.

According to The Block’s Data Dashboard, Binance.US’s share of US dollar–supporting exchange volume has fallen to just 0.20% as of August, compared with roughly 10% prior to the SEC’s action.

Although the SEC dropped its case against Binance and related entities in May, trading activity has remained subdued.

Earlier this year, Binance.US restored dollar deposits and withdrawals for the first time in nearly two years.

However, the move has yet to translate into meaningful increases in trading volume.

Chris Blodgett, chief operating officer of Binance.US, declined to provide reasons for the continued low activity but reaffirmed the company’s broader strategy.

“We look forward to continuing our mission of building the best and safest digital asset trading experience in the US with high liquidity and tight spreads for even better price discovery and the best possible value,” he said.

Fee cuts aim to regain competitive edge

The latest pricing changes represent another attempt by Binance.US to regain relevance in a US crypto market now dominated by Coinbase and Kraken.

By lowering fees to near-zero levels, the exchange is seeking to re-establish itself as the country’s lowest-cost trading venue.

Whether that strategy alone will succeed remains uncertain.

The broader US regulatory environment has become more accommodating to crypto, with several high-profile cases against major crypto firms — including Coinbase, Uniswap, and OpenSea — recently dismissed.

Binance and Zhao, meanwhile, agreed to pay more than $4 billion last year to resolve a Justice Department probe into Bank Secrecy Act violations.

For Binance.US, the new fee cuts highlight an effort to stabilize operations and rebuild trust with users after a challenging period.

While low-cost trading may attract some participants back to the platform, sustaining growth will depend on broader market dynamics and the company’s ability to navigate the shifting US regulatory landscape.

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