Altcoins News
By Maheen Hernandez
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On-Chain Metrics Signal Profit-Taking Pressure. One of the most telling indicators comes from Ethereum’s profit supply metric, which measures the…
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Taker Buy-Sell Ratio Adds to Bearish Sentiment. The taker buy-sell ratio, which compares aggressive buyers and sellers in the futures market, is…
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Technical Charts Highlight Rising Wedge Pattern. Chart analysis reinforces the warnings from on-chain data.
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September Risks Are Back. September’s historical weakness, combined with rising profit supply and a declining taker ratio,…
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Investor Takeaways. Ethereum investors should approach the market cautiously in mid-September.
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Looking Ahead. While Ethereum remains a leading smart contract platform with strong fundamentals, September…
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Ethereum (ETH) is trading near $4,620, down 1.4% over the past 24 hours but up 7.6% over the past week.
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September has historically been a challenging month for Ethereum, with a median return of -12.7% since its launch.
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One of the most telling indicators comes from Ethereum’s profit supply metric, which measures the percentage of circulating ETH held at a gain.
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Historically, such peaks have been followed by price drops. For instance, on August 22, ETH’s profit supply reached 99.
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Past instances of local lows in the ratio often led to price bounces. However, ETH’s recent behavior shows a muted response, similar to the August 23 scenario, when the price…
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Chart analysis reinforces the warnings from on-chain data. On the 4-hour chart, ETH shows hidden bearish divergence, occurring when price forms a lower high while the Relative…
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On the daily chart, Ethereum is trading inside a rising wedge—a bearish formation characterized by narrowing highs and lows that indicate weakening upward strength.
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If this trendline breaks, key support levels to watch include $4,485 and $4,382, with a potential deeper drop to $4,276 or even $4,060 if selling intensifies.
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September’s historical weakness, combined with rising profit supply and a declining taker ratio, makes this a critical period for Ethereum traders.
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