On Sept. 14, solana reached its highest price in nearly eight months, 
breaching the $250 mark and pushing its market capitalization over $133 
billion. Analysts Eye Further Gains for SOL Solana ( SOL) breached the $250 
mark on Sept. 14 for the first time in months, capping off a strong rally that 
pushed its market […]

Analysts Target $460 as Solana Breaks out of Bullish Triangle

Native Markets claimed the US dollar-pegged stablecoin ticker following a 
heated bidding war closely watched by the crypto community.

Native Markets officially claims Hyperliquid's USDH stablecoin ticker

Ethereum (ETH) stands out with one of the best price performances from last 
week as a general bullish sentiment swept across the crypto market. During 
this period, the dominant altcoin gained by 9.06% with its prices briefly 
entering the $4,700 price range. As the majority of investors hold green 
positions, on-chain data support price movements to remain bullish, albeit 
only for the short term. Related Reading: Ethereum Validator Slashing Puts 
Cardano’s Resilience In Focus – Here’s Why Ethereum MVRV Suggests Positive 
Momentum, Eyes On 2.4 Barrier Prominent crypto analyst Burak Kesmeci has 
recently shared a potentially impactful on-chain analysis on the Ethereum 
market. Using data from Glassnode, Kesmeci has observed that the Ethereum MVRV 
ratio has recently reached 1.97, edging closer to the historically significant 
2.4 bearish threshold. For context, the Market Value To Realized Value ratio 
compares an asset&#8217;s current market value to the average price at which all 
coins last moved on-chain. A rising MVRV typically indicates growing 
unrealized profits among holders, while extreme levels can suggest overheated 
conditions where profit-taking may trigger corrections. Therefore, at 1.97, 
Ethereum&#8217;s MVRV suggests that investors are presently sitting on substantial 
unrealized profits. However, Kesmeci explains that the 2.40 zone is 
historically associated with market excess. This is because past cycles have 
shown that when the ratio surpasses 2.40, traders begin to take significant 
profits, resulting in potential price pullbacks. Interestingly, there is even 
a more critical threshold at 3.20, which Kesmeci has described as a “very, 
very hot” zone, i.e, levels where market euphoria has often peaked. This is 
seen during bull runs in 2017 and 2021 when the ratio spiked far above the 
3.20 mark, coinciding with Ethereum’s dramatic price rallies and subsequent 
corrections. With the present MVRV at 1.97, Kesmeci&#8217;s analysis suggests 
Ethereum&#8217;s positive momentum remains in a safe zone, and market enthusiasts 
may yet anticipate further price gains for the time being. However, 
considering the present high levels of bullishness, investors should be on 
alert for a potential MVRV cross above 2.40, which is expected to induce 
significant selling pressure. Related Reading: Altcoins Flash Red Flag As 
Market Top Looms — Details Ethereum Market Overview At press time, Ethereum 
trades at $4,665, reflecting a minor decline of 0.2% in the past 24 hours. 
However, the prominent altcoin is posting significant gains on larger 
timeframes with price increases of 8.75% and 3.40% on the weekly and monthly 
charts, respectively. This performance suggests that Ethereum’s broader 
uptrend remains intact, even as it faces short-term fluctuations. Meanwhile, 
Ethereum&#8217;s daily trading volume has now declined by 14.42% indicating a 
temporary cooling in market activity, even as underlying momentum continues to 
support the asset’s upward trajectory. Featured image from Pexels, chart from 
Tradingview

Ethereum’s MVRV Hits 1.97 — Can Bulls Hold Their Ground?

Coinbase CEO Brian Armstrong has released a guide detailing the exchange&#8217;s 
asset listing process. Armstrong posted on X that the guide was released to 
provide transparency after receiving numerous questions about how 
cryptocurrencies get approved for trading. The guide clarifies that listings 
are free and merit-based and that every asset is evaluated against identical 
standards.

Coinbase sets record straight on token listings with new guide

The Shibarium bridge, which connects Shiba Inu’s layer two (L2) network to 
Ethereum, was targeted in a flash loan exploit that drained around $2.4 
million in ether ( ETH) and the meme coin shiba inu ( SHIB) on Sept. 13, 
according to developer statements and several security alerts. Security Firms 
Join Shibarium Inquiry Following $2.4M […]

Cryptocurrency price in NZD