Stablecoin liquidity in Ethereum continues to rise, reaching record figures and confirming user activity in decentralization and trading.
Stablecoin Liquidity and Network Revenue
In September 2025, the stablecoin liquidity in Ethereum’s network surged to a record $163.5 billion, up from $152 billion in August. This increase signals significant liquidity inflows, supporting activity on decentralized finance and trading platforms.
Ethereum also reported $99.1 million in revenue over the last 180 days, reflecting steady demand for blockspace as users continue to pay transaction fees. Analysts note that "more liquidity leads to higher trading activity and deeper decentralized finance markets."
Trading Range and Market Outlook
ETH is currently trading around $4,360, showing sideways movement for nearly two weeks. Resistance is at $4,500, with support zones between $4,200 and $3,880. A crypto analyst noted, "Either Ethereum will reclaim $4,500, or a larger flush will occur." At the same time, Ethereum generated $1.4 million in fees in a single day, ranking first among all blockchains.
Long-Term Accumulation Perspective
A fresh monthly MACD crossover has appeared on Ethereum’s chart, which may indicate a long-term shift after extended consolidation. Some traders view this as a "monster ignition," suggesting a possible resumption of upward momentum. The accumulation map shows ETH near the "Steady" zone, historically linked to accumulation phases for long-term holders and larger investors. The map indicates that the best time to accumulate is during quiet periods, not during peak activity.
With record liquidity, strong user activity, and relevant technical signals, Ethereum is at a critical juncture where its next move will depend on breaking above $4,500 or potentially falling back toward lower support levels.
