HBAR eyes $0.27 as Grayscale files for spot ETF

Key takeaways

  • Hedera’s HBAR is up 1% and trading above $0.22.
  • The coin could rally higher as Grayscale files to launch a spot HBAR ETF with the SEC.

Grayscale files for an HBAR ETF

The crypto market has been bullish over the past few days, with Bitcoin hitting the $113k level, while Hyperliquid’s HYPE reaching a new all-time high. Hedera’s HBAR is not left behind as it is up by more than 3% over the last seven days.

HBAR could rally higher amid growing ETF speculation. Digital assets manager Grayscale has submitted S-3 filings for exchange-traded funds tied to Bitcoin Cash and Hedera (HBAR). If approved, the funds would join Grayscale’s existing crypto ETFs that already include spot bitcoin and ether ETFs launched last year.

Hedera has emerged as one of the leading blockchains in the crypto space, with the last few months establishing it as a key destination for RWA projects. Its HBAR coin is the 18th-largest cryptocurrency, with a market cap of nearly $10 billion. The approval of an HBAR spot ETF could see the coin record huge gains that could allow it to set a new all-time high for the first time in four years. 

HBAR targets $0.27 amid strong technicals

The HBAR/USD 4-hour chart is bullish and efficient thanks to the ongoing market rally. The technical indicators are strong, suggesting that HBAR could be getting ready for a breakout.

HBAR/USD 4H Chart

The RSI of 63 shows that HBAR is bullish, with the MACD lines already converged within the positive territory. If the bullish trend continues, HBAR could hit the first major resistance level at $0.245 before attempting to take out the August high of $0.27.

However, failure to build on this momentum could see HBAR drop to the $0.22 low before retesting the weekend support level of $0.21046. Despite that, the market trend remains bullish, and HBAR could go on to hit new heights over the next few days and weeks.

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Why the crypto market is bracing for a violent move

  • Bitcoin’s volatility has compressed to multi-month lows near 111,000 dollars.
  • The market is bracing for US CPI data and the Federal Reserve’s rate decision.
  • Prediction markets show an 82% chance of a Fed rate cut on September 17.

An unnatural, almost unsettling calm has descended upon the cryptocurrency market.

Bitcoin is pinned, trading in one of its tightest ranges in months near 111,000 dollars, its volatility compressed to multi-month lows.

But this is not the quiet of stability; it is the tense, electric stillness that precedes a storm. Traders know the lull is temporary, a collective holding of breath before two powerful, market-moving events arrive to unleash the next decisive move.

The entire financial world is now focused on a two-part drama: the release of September’s US inflation data, followed by the Federal Reserve’s high-stakes interest rate decision a week later.

The outcome of these events will not just influence stocks and bonds; it will likely break the crypto market’s fragile trance.

The coiled spring: a verdict awaits

The market has already placed its bet. On the prediction market Polymarket, traders are assigning a commanding 82 percent chance of a quarter-point rate cut from the Fed on September 17.

But beyond that single, seemingly certain event, the path forward fractures into deep uncertainty. October expectations are a coin toss, with nearly even odds for another cut or a pause.

This divergence is the very definition of a coiled spring, a setup that explains why the current absence of volatility is so deceptive.

This is a market waiting for a signal, and the signal is coming.

“Markets often look calm just before they move. Bitcoin is trading in one of its tightest ranges in months, and volatility across crypto has compressed to multi-month lows,” said Gracie Lin, CEO of OKX Singapore. 

“With US inflation data like Core CPI out on Sept. 11 and the Fed’s much-anticipated rate decision just ahead, this quiet period is setting the stage for the next decisive move… history shows the market will find its next direction soon enough.”

The real trade: will a flood of capital be unleashed?

While the Fed’s decision will grab the headlines, the real, multi-trillion dollar question is what happens next.

According to the market maker Enflux, the pivotal trade is not about the cut itself, but about whether it finally pushes the mountain of cash currently sitting on the sidelines into riskier assets like crypto.

“The real debate now is not if cuts come, but whether liquidity deployment shifts into BTC, ETH, and even riskier assets,” the firm told CoinDesk.

This is the central tension gripping the market. The specter of a dovish Fed is already sending traditional safe havens like gold soaring to record highs.

Yet, Bitcoin remains stuck. If the Fed delivers, will that be the catalyst that finally unlocks a wave of new capital and fuels the return of the volatility that traders crave?

The quiet is about to end, and the market is about to get its answer.

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ETH price prediction: Ether targets $4,500 as the $4,200 support holds

Key takeaways

  • Ether has reclaimed the $4,300 level after briefly dropping to the $4,200 region on Tuesday.
  • The second-largest crypto by market cap could now surge past the $4,500 resistance level in the coming hours.

$4,200 support holds strong for Ether

The cryptocurrency market has had a positive start to the week but experienced a flash dump on Tuesday. Bitcoin dropped to the $110k region, prompting Ether and other major cryptocurrencies to underperform.

However, Ether defended the $4,200 support, with the coin forming a low at $4,211 a few hours ago. Ether, similar to Bitcoin, is now bouncing back from the dump and is currently trading above the $4,300 level.

Ether has maintained its price above $4k in recent days after hitting an all-time high of $4,953 in August. The strong support above $4k could indicate that Ether is not yet done with its rally and could experience a breakout soon. 

Ether eyes $4,500 amid bullish sentiment

 The ETH/USD 4-hour chart is bullish and efficient, as Ether has been performing well in recent days. The technical indicators suggest that the TLQ at $4,200 could serve as a springboard for Ether to rally higher in the near term.

The RSI of 50 shows that Ether’s bearish momentum is fading, with the bulls slowly gaining control of the market. The MACD lines are also about to converge in the bullish zone, showing that buyers are now in charge.

ETH/USD 4H Chart

If the recovery continues, ETH could surge past the high of $4,500 over the next few hours. An extended bullish run would see Ether hit the high of $4,656 before attempting to take out its all-time high.

However, if the correction goes deeper, ETH could take out the $4,200 support level before testing the low of $4.050 formed on August 20th.

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Cboe to launch continuous Bitcoin and Ether futures in November

  • Cboe to launch continuous BTC and ETH futures on Nov. 10, pending regulatory approval.
  • Continuous futures last up to 10 years, removing frequent contract rollovers for traders.
  • Cboe expects new products to attract both institutions and retail crypto derivatives traders.

Cboe Global Markets announced plans to launch new “Continuous futures” for bitcoin (BTC) and ether (ETH), with trading expected to begin on November 10, pending regulatory approval.

The products are designed to resemble perpetual futures contracts that are widely traded on offshore exchanges, but with adjustments to align with US regulatory requirements.

What sets continuous futures apart

Unlike traditional futures, which require frequent rolling as contracts near expiration, Cboe’s Continuous futures are structured as single contracts that can last up to 10 years.

This design is intended to simplify position management for traders by removing the need to roll over contracts at regular intervals.

According to Cboe, the contracts will be cash-settled and linked to real-time spot market prices.

They will incorporate daily cash adjustments, supported by a transparent and replicable funding rate methodology.

This approach is aimed at creating a stable and reliable trading instrument for both institutional and retail participants.

Bringing perpetual-style futures to US markets

Catherine Clay, Global Head of Derivatives at Cboe, highlighted the growing popularity of perpetual-style futures in offshore markets.

She noted that Cboe’s introduction of a similar product within a regulated US framework would provide traders with greater confidence.

“Perpetual-style futures have gained strong adoption in offshore markets. Now, Cboe is bringing that same utility to our US-regulated futures exchange and enabling US traders to access these products with confidence in a trusted, transparent, and intermediated environment,” Clay said in a statement.

The contracts will be cleared through Cboe Clear US, a derivatives clearing organization regulated by the Commodity Futures Trading Commission (CFTC).

This ensures that the products fall under the oversight of US financial authorities, addressing one of the main concerns around offshore perpetual futures.

Cboe’s broader push into digital assets

Cboe, originally known as the Chicago Board Options Exchange, was the first US exchange to offer bitcoin futures in 2017.

However, the company suspended new contracts about two years later as the crypto market downturn reduced demand.

With the recent resurgence in digital assets and renewed bullish momentum in the market, Cboe has re-energized its efforts to expand crypto-related offerings.

The exchange has been particularly active in pursuing listings of exchange-traded funds (ETFs) tied to digital assets.

The addition of Continuous futures for bitcoin and ether reflects its strategy of broadening crypto derivatives available to US traders.

Clay added that Cboe expects the new products to attract a wide range of participants.

“We expect Continuous futures to appeal to not only institutional market participants and existing CFE customers, but also to a growing segment of retail traders seeking access to crypto derivatives,” she said.

By providing long-dated, perpetual-style contracts within a US-regulated environment, Cboe is positioning itself to capture both institutional and retail demand in the rapidly evolving crypto derivatives market.

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