Ethereum

Rally

DeFi

Record

TL;DR
<ul>
 <li>Ethereum stablecoin liquidity hits $163.5B, with $99.1M revenue showing strong demand for blockspace.</li>
 <li>ETH trades sideways near $4,360, key resistance at $4,500, support zones at $4,200–$3,880.</li>
 <li>The accumulation map shows ETH near the “Steady” zone, historically linked to long-term investor positioning.</li>
</ul>
<h2 id="stablecoin-liquidity-and-network-revenue">Stablecoin Liquidity and Network Revenue</h2>
Ethereum’s stablecoin supply has climbed to a record $163.5 billion in September 2025, up from $152 billion in August. The increase marks one of the strongest liquidity inflows to the network this year and supports activity across decentralized finance and trading platforms.
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> liquidity and strength building up
 Stablecoin supply has climbed to $163.5B → record liquidity flowing into Ethereum
 Network revenue over the last 180 days stands at $99.1M → strong fee capture
 THE IMPACT <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b07.png" alt="⬇" style="height: 1em; max-height: 1em;">
 More liquidity means higher trading activity, deeper DeFi… <a href="https://t.co/4YNhaIr4jN" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/4YNhaIr4jN</a>
 — Cipher X (@Cipher2X) <a href="https://twitter.com/Cipher2X/status/1965661340548415893?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 10, 2025</a>
</blockquote>

Ethereum also generated $99.1 million in network revenue over the past 180 days. The figure reflects steady demand for blockspace as users continue to pay transaction fees. Analyst Cipher X commented,
<blockquote>
 “More liquidity means higher trading activity, deeper DeFi markets and stronger price support.”
</blockquote>
Meanwhile, Ethereum remains the largest platform for DeFi, the total value locked standing at $90.9 billion. According to DefiLlama, this amount has slightly gone down in the last 24 hours, though overall levels are still close to yearly highs.
<figure style="width: 100%" class="wp-caption aligncenter">
 <a rel="noopener noreferrer nofollow"><img alt="ETH TVL" width="1324" height="864"></a>
 <figcaption>
 Source: DefiLlama
 </figcaption>
</figure>
In addition, user movement is active. The network recorded 540,717 active addresses in one day alongside 64,794 new addresses. Daily transactions stood at 1.66 million, indicating a constant demand across applications such as lending, staking, and trading.
<h2 id="trading-range-and-market-outlook">Trading Range and Market Outlook</h2>
ETH was trading at around $4,360 after nearly two weeks of sideways movement. Resistance sits at $4,500, with a potential move higher <a href="https://cryptopotato.com/ethereum-eth-pullback-looms-but-analyst-sticks-to-10k-target/" rel="noopener noreferrer nofollow">targeting</a> $4,883. On the downside, support is seen between $4,200 and $4,100, with deeper levels at $4,060 and $3,880.
Crypto analyst Ted <a href="https://x.com/TedPillows/status/1965680533415121084" target="_blank" rel="noopener noreferrer nofollow">noted</a>,
<blockquote>
 “Either Ethereum will reclaim $4,500, or a lower flush will happen. Don’t overtrade until there’s a definite direction.”
</blockquote>
He also <a href="https://x.com/TedPillows/status/1965521343627383076" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> that Ethereum generated $1.4 million in fees yesterday, the highest among all blockchains.
<h2 id="long-term-accumulation-perspective">Long-Term Accumulation Perspective</h2>
A fresh monthly MACD crossover has <a href="https://cryptopotato.com/eth-macd-crossover-sparks-talk-of-2021-style-rally/" rel="noopener noreferrer nofollow">appeared</a> on Ethereum’s chart, which some traders view as a long-term shift after extended consolidation. Merlijn The Trader called it a “monster ignition,” suggesting renewed momentum.
Merlijn also shared an accumulation map, showing ETH near $4,362 in the “Steady” band, just above “Still Cheap.” This area has historically aligned with accumulation phases for long-term holders and larger investors. The upper red zones, labeled “HODL” and “Take Profit,” have coincided in past cycles with retail-driven rallies and profit-taking.
<blockquote class="twitter-tweet">
 ETHEREUM ACCUMULATION MAP LOADED
 Retail panics in blue. Whales load in green.
 Right now <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> sits where legends accumulate. The red band? That’s where tourists FOMO in and whales dump on them.
 The map is clear: accumulate when it’s quiet, not when it’s crowded. <a href="https://t.co/GrTrKuA5m8" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GrTrKuA5m8</a>
 — Merlijn The Trader (@MerlijnTrader) <a href="https://twitter.com/MerlijnTrader/status/1965414901616443772?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 9, 2025</a>
</blockquote>

With record liquidity, strong user activity, and technical signals aligning, Ethereum is at a point where its next move depends on whether price breaks above $4,500 or falls back toward lower support.
The post <a href="https://cryptopotato.com/eth-liquidity-hits-record-163-5b-is-a-big-rally-coming/" rel="noopener noreferrer nofollow">ETH Liquidity Hits Record $163.5B: Is a Big Rally Coming?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

ETH Liquidity Hits Record $163.5B: Is a Big Rally Coming?

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