ETH to the Moon? 🚀 (Maybe…)

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Right, so it appears the Ether has had a bit of a perk-up following that rather predictable tinkering with interest rates by the chaps at the Federal Reserve. Though, frankly, one suspected the market had rather factored that in already, like knowing Aunt Agatha will insist on serving spotted dick with the custard. Nonetheless, Ethereum, bless its digital heart, has managed to climb a respectable 2.2% and is now bobbing along above the $4,600 mark. Jolly good.

The charts, you see, are whispering of a “cup and handle” formation, which sounds frightfully like something one might encounter at a particularly disastrous garden party. Apparently, if it holds, we’re looking at a target of around $5,430. And, rather cleverly, it seems fewer people are in a rush to offload their Ether – selling pressure being at a six-month low. Seems even the digital coin hoarders are having second thoughts! 🧐

Selling Pressure Falls To A Six-Month Low

The indicator they’re prattling on about is the “Spent Coins Age Band.” A terribly complicated name for what amounts to observing who’s actually cashing in their chips. A rather telling metric, I must say. Fewer coins leaving wallets, fewer folk panic-selling. The world makes sense, for once.

On the 17th of September, a hefty 257,000 ETH were circulated. Now? A paltry 42,700 ETH. An 83.5% drop, which is rather a lot, even for those of us accustomed to extravagant exaggerations. Lowest level in six months, apparently. Quite!

This suggests those who *could* have sold are taking a bit of a breather. Less supply floating about naturally gives the price a bit more headroom, assuming, of course, demand doesn’t suddenly decide to take a holiday.

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Profits And Exchange Flows Confirm The Drop In Selling Pressure

Now, as if the Spent Coins Age Band wasn’t enough, they’ve dug up a couple more bits of data to confirm the general air of optimism. NUPL (Net Unrealized Profit and Loss – they do love their acronyms, don’t they?) and exchange flows. All pointing the same way. How delightfully harmonious.

NUPL wobbled a bit on the 16th, but has since perked up to around the same level as the 11th. Apparently, this led to a 6% rise in the price back then. Do they think history always repeats itself? A bit optimistic, if you ask me. 🤔

A dip in NUPL suggests the short-term chaps have had their fun and moved on, leaving the long-term holders holding the fort. A rather sensible lot, the long-term holders, all things considered.

And, confirming this, more Ether is leaving the exchanges than arriving. Fewer coins on exchanges usually means less selling. It’s basic economics, really. Though some seem to forget.

The long and short of it? The nervous Nellies are gone, the selling is dwindling, and the brave (or foolish) are quietly buying.

Ethereum Price Chart Points To $5,430 Target

Ethereum has, it seems, “broken out” of this “cup and handle” formation. One pictures a frantic dash for freedom. If the price climbs above $4,765, they reckon we’ll be gazing upon a fresh yearly high of $5,430. Fingers crossed, what?

They’re also waving around something called the Chaikin Money Flow (CMF). Apparently, if it turns positive, it confirms more money is flowing into the market. As opposed to, one assumes, flowing *out* of it. A rather clever distinction.

Support levels are at $4,489 and $4,424. But if it dips below $4,213, the whole thing is off. One must always be prepared for disappointment, you see. 🥲

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2025-09-18 11:22