Kategorie: Crypto News

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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.

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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.

Solana price analysis

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.

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Coinbase-backed petition pushes UK on blockchain and stablecoin policy

  • Coinbase backs UK petition urging stablecoin rules and blockchain adoption.
  • Petition tops 5K signatures; 10K triggers government reply, 100K a debate.
  • Supporters warn UK risks falling behind without clear crypto strategy.

A public petition urging the United Kingdom to adopt a pro-innovation strategy for blockchain and stablecoins has gathered momentum after crypto exchange Coinbase rallied its users to support the initiative.

The petition, which has been live on the UK government’s website since July, calls for a comprehensive framework covering stablecoin regulation, blockchain adoption, and the appointment of a blockchain “czar.”

While it initially gained little attention, interest accelerated this week after Coinbase issued in-app messages encouraging users to sign.

Screenshots shared on social media showed notifications from the exchange urging customers to “help UK lead stablecoin innovation now.”

At the time of writing, the petition had surpassed 5,000 signatures.

Once it reaches 10,000 signatures, the government is required to issue a formal response.

If the total climbs to 100,000 signatures, the proposal will be considered for parliamentary debate.

The petition remains open until March 3, 2026.

Calls for regulatory clarity and innovation

The proposal outlines three specific demands: establishing a framework for stablecoins and tokenization, promoting blockchain adoption across government functions, and designating a senior official dedicated to overseeing crypto policy.

Supporters of the petition argue that stablecoins form the foundation of a tokenized economy and that regulatory clarity is essential for the UK to remain competitive.

The petition highlights that the United States has ruled out a central bank digital currency (CBDC) in favor of stablecoins, suggesting that the UK risks falling behind without a clear strategy.

“This is a question of national interest to preserve the competitiveness of the City and sterling’s global standing,” the petition states.

Advocates warn that without timely action, the UK may lose its edge to other jurisdictions pursuing more aggressive digital asset strategies.

Coinbase’s role in shaping UK crypto policy

Coinbase has been vocal in its campaign for clearer digital asset regulation in the UK.

In recent months, the exchange has stepped up efforts to influence public debate and policymaking.

On July 31, Coinbase released a satirical video titled “Everything is Fine.”

The video contrasted upbeat lyrics celebrating Britain’s financial system with visuals of inflation, poverty, and economic challenges, a pointed critique of the status quo.

Just days later, on August 5, former UK Chancellor and current Coinbase adviser George Osborne published an opinion piece in the Financial Times.

In the article, Osborne warned that the UK is falling behind in the global digital asset race and singled out stablecoins as an area where the country has ceded ground.

Coinbase’s support for the petition reflects its broader strategy of pressing for regulatory clarity and fostering a more favorable operating environment for digital assets in the UK.

With the petition already halfway to the government’s response threshold, the initiative underscores growing pressure on policymakers to provide direction on stablecoins and blockchain innovation.

The post Coinbase-backed petition pushes UK on blockchain and stablecoin policy appeared first on CoinJournal.

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AVAX price jumps 10% amid $1 billion treasury asset move

  • 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.

AVAX price chart by CoinMarketCap

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.

The post AVAX price jumps 10% amid $1 billion treasury asset move appeared first on CoinJournal.

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Fusionist (ACE) price outlook as it jumps 46%

  • Fusionist (ACE) surges 46% with $285M trading volume spike.
  • Binance upgrade support boosts investor confidence.
  • Token unlock on Sept 14 may test market stability.

While Fusionist (ACE) price is down over 95% from its all-time high of $16.73, which was reached on December 21, 2023, the token has stunned many with today’s 46.6% price surge.

The rally comes after a volatile stretch in which ACE struggled near its all-time low of $0.4266 earlier this year.

The price surge has been accompanied by explosive trading activity, with volumes jumping over 2,800% in 24 hours to reach nearly $285 million.

That kind of liquidity surge often signals renewed attention from both retail traders and institutional players, and it has pushed Fusionist into the spotlight across the broader crypto market.

Now, with the price climbing back above $0.77, the question is whether this is the start of a longer recovery or just another speculative spike.

Technical breakout

Fusionist (ACE) recently broke through its short-term resistance levels, crossing above the 7-day simple moving average at $0.5139 and the 30-day exponential moving average at $0.5362.

Fusionist (ACE) price analysis

Momentum indicators back the bullish outlook with the Relative Strength Index (RSI) climbing to 61.25, placing the token near the overbought territory, while the MACD histogram has flipped positive.

However, the speed of the rise raises the risk of a pullback. With the RSI nearing 70, profit-taking could drag the token lower if the rally loses steam.

Eyes are on the $0.50 Fibonacci retracement level, as holding above that price would confirm continued strength, while a failure could see ACE revisit its earlier support near $0.53.

Exchange support boosts ACE’s credibility

Beyond the charts, ACE’s credibility has been reinforced by major exchange backing.

Binance’s support for Fusionist’s network upgrade on August 20 provided reassurance to traders.

The seamless handling of the hard fork without trading disruptions suggested the project is maturing technically, making it more attractive to investors wary of protocol risks.

Such endorsements often build confidence that extends beyond short-term speculation.

Gaming ecosystem adds to the hype

Fusionist (ACE) is not just a token trading on momentum. Its network’s expanding gaming ecosystem has been a catalyst for community engagement.

The Game2 test, which concluded on September 8, distributed over 90,000 ACE in rewards to players and bug hunters.

The incentive program encouraged NFT holding and staking, locking tokens into the ecosystem while building loyalty among users.

At the same time, upcoming appearances at major industry events like the Tokyo Game Show have fueled speculation about future gameplay developments.

ACE price outlook remains uncertain

While a majority of the factors point to a bullish momentum at least in the short term, an upcoming token unlock event risks causing heightened market volatility.

On September 14, $716,000 worth of ACE (about 2% of supply) will be released into circulation.

While small compared to the project’s $60 million market cap, token unlock events often test liquidity and can spark short-term volatility, and whether staking and demand can absorb the new tokens will be critical in determining if the bullish ACE price momentum holds.

If ACE holds its recent gains and stabilises above support levels, it could mark the beginning of a more durable recovery.

If not, today’s breakout may fade like many before it.

The post Fusionist (ACE) price outlook as it jumps 46% appeared first on CoinJournal.