[encryption field] Ethereum price flashes new target above $5,400, key indicators fall to 6-month low; BNB breaks $1,000 for the first time SM Team September 18, 2025 18:08 In short, after the breakout of the cup and handle pattern, the price of Ethereum flashed a target of $5,400. As the price of waste coins fell to a six-month low, supply risks were alleviated, and selling pressure decreased by 83.5%. NUPL and exchange flow confirmed that the bearish side has disappeared, and buyers are stepping in. After the Federal Reserve cut interest rates by 0.25% yesterday, there are signs of strengthening in the price of Ethereum. This interest rate cut was expected and has been digested by the market, so most asset prices remained basically flat. However, Ethereum performed outstandingly. In the past 24 hours, Ethereum has risen by about 2.2%, with trading prices breaking through $4,600. More importantly, charts show that Ethereum has formed a 'cup and handle' pattern below the breakout area, needing just a few touches to complete. If this trend continues, the breakout will point to a new target near $5,430. At the same time, on-chain data shows that selling pressure has fallen to a six-month low, providing greater support for a bullish breakout. The most obvious sign of reduced selling pressure comes from the 'spent coin age band.' This indicator tracks how many coins have left wallets and been sold on the blockchain. When this number decreases, it means that cashing-out holders are reducing. On September 17, the total consumption of tokens across all bands was about 257,000 ETH. As of today, this number has dropped to only 42,700 ETH, a decline of nearly 83.5%, the lowest level in six months. Ethereum has used coin age range. Source: Santiment. Such a significant fall indicates that many holders who could have sold are instead holding onto their coins and observing. If demand continues to grow, the substantial decrease in supply pressure will provide greater upward potential for ETH prices. 02 Profit and forex flow confirm that the sharp decline in the number of tokens used is not an isolated case. The other two on-chain indicators - NUPL and transaction flow - also show the same trend. NUPL (Net Unrealized Profit and Loss) tracks how many wallets show paper profits or losses. On September 16, NUPL hit a local low. Since then, the price has recovered to above $0.50 and is currently almost at the same level as on September 11. This pattern led to a nearly 6% increase in Ethereum prices at that time. Glassnode: Ethereum NUPL is still in the trust zone. The fall in NUPL at high price levels indicates a reduction in the number of wallets enjoying easy profits. This situation typically arises because short-term traders may have already sold off, leaving behind stronger holders who are less likely to sell their tokens during each price increase. This viewpoint is supported by the net change in exchange holdings, which reflects whether cryptocurrencies are flowing into or out of exchanges. An increase in cryptocurrency on exchanges usually indicates more selling, while outflows indicate accumulation. Since September 14, the outflow has increased from approximately -147,600 ETH to -159,000 ETH, a rise of 8%. This confirms that more Ethereum is flowing out of trading platforms, indicating that buying pressure remains steady. Ethereum buyers continue to enter: Glassnode reveals these trends tell the same story: the weaker side is exiting, selling pressure is easing, and buyers are quietly taking control. The Ethereum price chart points to a target of $5,430 as Ethereum has now broken through the bullish cup and handle pattern. A breakout from the cup and handle pattern usually indicates that selling pressure has alleviated, as most short-term holders who sell on rallies have already exited. The neckline of this pattern is around $4,765. If the Ethereum price closes above this line, the breakout target will extend to $5,430, which would set a new annual high. Ethereum Price Analysis: Another key indicator from TradingView is the Chaikin Money Flow (CMF), which tracks whether money is flowing into or out of the market. The CMF has been rising since -0.18 on September 15 and is now close to the zero line where a handle breakout occurs. If it enters the positive territory, it will confirm that new money is coming in with the chart breakout. Support remains solid at $4,489 and $4,424. If Ethereum falls below $4,213, the bullish setup will fail, and buyers may need to wait for a new formation. BNB has first broken through $1,000, driven by a weekly increase of 15% and sustained market demand, with the price of BNB surpassing $1,000 for the first time. The trading volume surged 22% within 24 hours, exceeding $4 billion, enhancing investor interest in BNB. This historic milestone marks a strong momentum for the native token of BNB-Chain as market participation continues to rise. The native token BNB of BNB-Chain has broken the $1,000 mark for the first time since its launch in 2017, marking an important milestone for the cryptocurrency. The surge in BNB is attributed to ongoing demand, with the token rising nearly 15% in the past week. As of the writing of this article, BNB's trading price is $1,003. The daily trading volume has climbed to over $4 billion, increasing by 22% in the past 24 hours, indicating strong market participation supporting BNB's breakthrough. Disclaimer: The content and images published in this article are intended to disseminate industry information, and all rights belong to the original authors for non-commercial use. If there is any infringement, please contact us for removal. All information does not constitute any investment advice, as the crypto market is highly risky, and investors should make decisions based on their own judgment and careful assessment. Investment carries risks; proceed with caution.

📉 An unfortunate example of a company that took a course on $BTC. Shares of Nasdaq-listed GD Culture fell 28% after a $875 millions BTC acquisition deal. Previously, the market instantly boosted the shares of any company that bought BTC, but now we are seeing a revaluation. Investors understand that the cycle is coming to an end and BTC will soon enter a bearish phase, where we will see several years of decline. The trend is declining and $ETH is now actively being pushed as a result we are seeing a natural market reaction. Many companies are facing bankruptcy, and only 20%–40% of companies that bet on BTC will survive the next cycle.

📊 ETF Flows Update Yesterday, spot BTC ETFs recorded net outflows of ~$51.3M. Spot ETH ETFs also saw net outflows of around $1.9M. Both Bitcoin and Ethereum funds are showing investor pullback – worth watching closely for the next move.