Ethereum bulls make a strong case for an ETH price rally toward $10,000 or above in the next six to eight months.
As AI rapidly replaces white-collar jobs, the future economy will belong to those owning AI agents rather than renting access from Big Tech.
There’s been growing talk in the crypto and finance world about possible connections between Ripple and BlackRock, the world’s largest asset manager. While some of this chatter edges into conspiracy territory, several experts believe the two companies may be more closely aligned than most people realize. Moving in Lockstep In an interview with Paul Barron …
JPMorgan expects a high single-digit rise in the S&P 500 over the next 12 months.
The Binance Coin (BNB) market is showing high levels of bullishness, marked by an 8.92% price gain in the past week. The Binance exchange’s native cryptocurrency now trades above $800 and is merely 6% from returning to its all-time high figure. Interestingly, striking similarities between BNB’s current chart structure and Bitcoin’s trajectory in earlier phases of its bull cycle indicate the altcoin could be in the early stages of a major price rally. Related Reading: Cardano Price Prediction: Why A 52% Rally To $1.20 Could Happen Soon Technical Patterns Suggest BNB Could Surge By Over 50% In an X post on August 9, Ali Martinez highlights upside potential in the BNB market after weekly price data from TradingView suggests the altcoin is replicating Bitcoin’s price movement. Notably, the premier cryptocurrency is currently trading at approximately $116,769, having recently broken through multiple key resistances at $82,500, $95,000, and $110,000. From the chart above, the similarities between BNB and Bitcoin’s price are easily seen moving through phases of accumulation, breakout, and rapid expansion. For BTC, traders can observe a prolonged sideways range between mid-2022 and 2023, fluctuating between roughly $15,000 and $25,000, before a steady climb accelerated sharply past the $70,000 and $82,500 resistance in late 2024. Thereafter, the crypto market leader surges towards higher price targets at $95,000, $110,000, and $120,000. Interestingly, BNB’s trajectory mirrors this pattern, with a long consolidation between $200 and $350 from 2022 to 2023, followed by a breakout above $450 and a decisive move past $700 in 2024. Presently, the altcoin finds itself trading at minor resistance at $800, similar to the $80,000 level in the BTC market. If the parallel continues, clearing the mid-cycle resistance at $700 should unleash a strong bullish momentum, which easily pushes BNB towards $950. Thereafter, the cryptocurrency may experience an intense correction, falling to around $777, before climbing towards $1,200 to produce a 50% gain from current market prices. However, while chart similarities offer compelling insights, they do not guarantee identical outcomes. Macroeconomic conditions, regulatory events that affect Binance could impact the BNB’s rally. Alternatively, the potential of an impending altseason may cause BNB to deviate from the observed parallel performance, causing the altcoin to outperform Bitcoin. Related Reading: Bitcoin Volume Shelf Indicates Possible Launch To $131,000 – Analyst BNB Price Overview At press time, BNB trades at $810 after a slight 1.78% gain in the last 24 hours. On larger timeframes, the digital asset also remains in profit with price increases of 8.57% and 19.04% on the weekly and monthly charts, respectively. This performance suggests that BNB traders are largely maintaining a bullish outlook, with buying interest persisting across both short- and long-term horizons as momentum continues to build. Meanwhile, with a market cap of $112.36 billion, the Binance Coin continues to rank as the fifth-largest cryptocurrency and fourth-largest altcoin in the market. Featured image from Apple, chart from TradingView
Cardano’s ADA has been showing signs of a recovery, but experts say the move is still in an early stage. The coin is following a steady rise from its recent low, and the next few days will decide whether it can push higher or lose momentum. At the time of writing, ADA is trading at …
Bitcoin traders are getting excited over a huge short squeeze as BTC price predictions include a return to all-time highs.
BlackRock’s absence from the crowded spot XRP ETF race could be a reflection of client demand, regulatory caution and a calculated focus on bitcoin and ether.
Bitcoin’s march to reclaim the $120,000 milestone again is gaining pace with a combination of tightening supply and interesting events around the world. Harvard University recently revealed its $116.6 million allocation to BlackRock’s IBIT Bitcoin ETF. Meanwhile, El Salvador is welcoming Bitcoin-focused investment banks, while regulatory delays have put Japan’s first crypto ETF on hold. Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor El Salvador Opens Door To Bitcoin Investment Banks El Salvador has passed a landmark Investment Banking Law that allows regulated investment banks, which are distinct from commercial lenders, to hold Bitcoin and other digital assets on their balance sheets. These institutions will cater exclusively to sophisticated investors and are required to have a Digital Asset Service Provider license and at least $50 million in starting capital. The law, which was approved on Thursday, effectively paves the way for banks to choose to operate entirely as Bitcoin banks. Government officials say the framework is designed to attract foreign capital and cement the country’s status as a crypto finance hub. Critics, however, warn that the benefits may largely favor wealthy institutions over everyday Salvadorans. This move comes as Japan’s entry into the Bitcoin ETF market is being held back. While US-based Bitcoin ETFs are making ground with inflows and jurisdictions like El Salvador move forward, Japan is yet to be home to a Spot Bitcoin ETF. There were multiple reports this week about Japan’s SBI Holdings filing for spot crypto ETFs. However, the company has clarified that it has not yet submitted any applications for crypto-related ETFs. Nonetheless, the company did note in its Q2 2025 earnings report that it is planning to launch crypto-asset-linked investment trusts and ETFs upon regulatory approval. Harvard University Commits Over $116 Million To Bitcoin ETF Institutional confidence in Bitcoin received a major boost with Harvard University’s decision to invest $116.6 million into BlackRock’s IBIT spot Bitcoin ETF. This interesting investment was revealed in a recent filing with the US Securities and Exchange Commission by the Harvard Management Company. This sizable position elevates Bitcoin to a prominent role within Harvard’s equity portfolio, which is a notable shift in its investment choices, particularly following its decision last quarter to scale back exposure to several major Big Tech stocks. According to the filing, the endowment purchased 1.9 million shares of iShares Bitcoin Trust, valued at $116.6 million. This value places Bitcoin as the fifth-largest holding in Harvard’s equity portfolio behind Microsoft, Amazon, Booking Holdings, and Meta. Harvard’s allocation aligns closely with investment trends in the US, as US spot Bitcoin ETFs have attracted more than $54 billion in inflows since their launch in early 2024. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% The move comes at a time when liquidity on major exchanges is tightening, and it has contributed to an increase in bullish sentiment surrounding Bitcoin. At the time of writing, Bitcoin is trading at $118,320, up by 4% in the past seven days. Featured image from Unsplash, chart from TradingView
XRP’s price has fallen more than 4% in the past 24 hours, slipping into the red even after Ripple’s legal win against the U.S. Securities and Exchange Commission (SEC). This drop surprised many investors, but market analyst Ali Martinez says there’s still strong upside ahead. According to Martinez, XRP has broken out of a bullish …
USDe has set a new industry record by hitting $10 billion in total value locked (TVL) in just 500 days, making it the fastest stablecoin in history to reach that milestone. The protocol behind USDe, Ethena Labs, posted: “everyone wants to know what we’d say if we didn’t reach $10b supply i guess we’ll never […]
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The world's best players watched these supposedly brilliant AIs play like confused beginners.
On August 8, the XRP community was on cloud nine after a big update appeared in the long-running Ripple vs SEC case. It was announced that both sides, Ripple Labs and the U.S. Securities and Exchange Commission, had filed a Joint Dismissal of Appeals, effectively meaning the case was over. This news marked the end …
Ethereum’s most recent price rally has eroded Bitcoin’s dominance, representing one of the steeper movements in the crypto space in recent months. Related Reading: Ethereum Hits $4,300, Restoring Vitalik Buterin’s Crypto Billionaire Status Though both assets have registered growth, US President Donald Trump’s long-time crypto skeptic, Peter Schiff, made it plain which one he would retain in case he were forced — and it isn’t Ethereum. ETH Pushes Past $4,000 Amid Strong Activity Ethereum moved past $4,000 in recent trading sessions, reaching a high for 2025. Whale transactions and heavier derivatives trading have been the fuel to this price action, according to reports. Volumes and open interest have also gone up, indicating healthy speculative demand. ETH even surpassed Bitcoin’s percentage appreciation in the previous week, further pushing eagerness up among its fans. Well Ether is up a bit since I recommed switch it into Bitcoin, but I still think the trade will work out. If fact, it was woring well initially, until Ether just rallied late last week. I have no interest in owning either, but if you put a gun to my head, I’d chose Bitcoin. — Peter Schiff (@PeterSchiff) August 9, 2025 Schiff, who is an economist and gold advocate, said Ether’s surge came after he had been recommending investors to transfer their ETH to Bitcoin. Though that tack apparently paid off at first, Ethereum’s late-week surge closed the gap. “I have no interest in owning either, but if you put a gun to my head, I’d pick Bitcoin,” Schiff said on X. Bitcoin Above $100k But Lags Behind In Terms Of Market Share Despite the ETH rally, Bitcoin has kept its position as the largest cryptocurrency by market capitalization and the most widely adopted by institutions. It is still above $100,000, buoyed by spot Bitcoin ETF inflows and corporate treasury buying. Market share statistics from CoinMarketCap, however, indicate that Bitcoin’s dominance had dropped to 59%, which is 4.90% less from last month. Ethereum’s share has grown to 12%, up 3.25% in the same period. Altcoins combined have increased their slice to 25%, a gain of 1.50%. Abrupt Shift From June Peaks Bitcoin dominance hit an annual high of 65% on June 27, 2025, then retreated during the following weeks. Dominance was at 61% a week ago. The year low hit 53% during December 2024, which means current levels are still much higher than that low but still trending downwards. Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor Ethereum, for its part, has continued to consolidate more, nearing the top of its yearly range. Whether it holds there or not will be a function of institutional positioning, macro trends, and continued trading momentum. In the meantime, Schiff’s comment made clear that, if threatened, he’d still take Bitcoin over Ethereum — a rare admission from a long-time critic of both. Featured image from Meta, chart from TradingView
Despite Trump’s pro-crypto stance, Unicoin CEO says US banks continue closing accounts for crypto firms under “Operation Chokepoint.”
A new report from Bitcoin veteran Tuur Demeester and Adamant Research argues that the current market phase may be “quiet strength” for Bitcoin; a mid-cycle stage in what could become one of the “most significant bull runs” in Bitcoin’s history. How to position for the Bitcoin boom The report, titled ‘How to Position for the […]
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El Salvador's new law could transform it into a regional financial hub, attracting foreign capital and enhancing its global financial reputation.
The post El Salvador passes law to allow investment banks to offer Bitcoin and digital asset services appeared first on Crypto Briefing.
XRP’s market presence is gaining strength in 2025, and technical analysis is pointing to a significant divergence from Bitcoin and Ethereum. Recent technical analyses and market structure shifts indicate that XRP is moving along its own bullish path, and its dominance level has been climbing in the past few months. Technical analysis of the XRP/BTC pair and market cap dominance shows a breakout that could set the tone for XRP in the coming weeks and months, even as it is battling an important short-term support level at $3.22. Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor XRP/BTC Pair Shows Decoupling Momentum According to a breakdown of the XRP/BTC pair by crypto analyst Dark Defender on the social media platform X, XRP has been mostly outperforming Bitcoin since late 2024 and the start of 2025. This trend is shown in the XRP/BTC 3-month candlestick price chart below, which captures a decisive breakout above a long-standing downtrend resistance trendline in December 2024. Despite Bitcoin’s multiple all-time highs in 2025, price action on the XRP/BTC pair has maintained strength above this trendline resistance. This trend indicates a prolonged period of relative outperformance, and according to Dark Defender, the decoupling has already started, meaning the altcoin is now following its own unique path. At the time of writing, the XRP/BTC pair is trading at 0.00002696. If this trajectory holds, the pair could continue to climb toward higher targets, which would bode well for the price of XRP and an altcoin season. Chart Image From X: Dark Defender This bullish stance is further supported by popular analyst EGRAG CRYPTO, who noted the growth in the altcoin’s market dominance. According to him, XRP’s market dominance chart is a crucial indicator of its price direction. His Fibonacci-based analysis identified the 5.92% dominance as the first hurdle that must be breached to open the path toward higher targets. Once cleared, the next resistance is at 8.87%, followed by his optimal dominance target of 11.61%. If XRP reaches this optimal target, then it would certify its performance for the crypto this cycle. Finally, a move to 21.5% dominance would push the XRP price to all-time highs. Image From X: EGRAG CRYPTO Short-Term Pullback Tests Important Support Although the long-term XRP structure is bullish, the short-term picture shows XRP is currently undergoing a pullback after touching $3.38 very briefly on August 8. Analyst CasiTrades noted that this retracement is now approaching an important support zone between $3.21 and $3.22, which also coincides with the 0.382 Fibonacci retracement level. This zone carries added significance as it aligns with a key backtest area, making it a pivotal point for preserving the bullish structure. The selloff, she noted, may be a calculated liquidity grab to shake out weak holders before the next leg up. Holding above $3.22 could maintain confidence in XRP’s upward trajectory. If XRP does break above $3.22, the next important support level to hold is at $3.17. Image From X: CasiTrades Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% Featured image from Unsplash, chart from TradingView
Altcoins are stealing the spotlight this season, breaking records and outpacing Bitcoin in a way the market hasn’t seen in over a year. A new report from 10x Research suggests that Altcoins have been outperforming Bitcoin for 31 days in a row, breaking past the year. Therefore, many traders are buzzing with excitement, convinced that …
Ethereum’s price surge pushed one of its best-known creators back into the billionaire club this week, based on on-chain valuations. Markets moved fast, and so did headline writers, but the numbers behind the noise are plain. Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor Arkham Valuation And Wallets According to Arkham, wallets linked to Vitalik Buterin now hold about 240,042 ETH, giving him an on-chain value near $1.04 billion at recent prices. Those wallets also show smaller stakes in tokens like AETHWETH, White, Moodeng and WETH. This is a price-driven snapshot of holdings that are visible on public ledgers, not a full accounting of any off-chain assets or tax liabilities. Based on reports, Ether climbed as much as 6.20% on Saturday and breached the $4,300 level for the first time since December 2024. Nansen data put Ether around $4,250 at the time of reporting. Traders pointed out that a move to $4,500 would put roughly $1.35 billion of short positions at risk, according to CoinGlass, which feeds talk of a potential short squeeze. Fast moves like this can trigger big liquidations and amplify swings. ETFs And Flows Driving Demand According to Arkham, ETF activity sent $461 million to ETH compared with $404 million to BTC. Over five trading days, US-based spot Ether ETFs recorded net inflows of $326 million, compared with $253.2 million for Bitcoin, based on Farside data. Those steady flows add another channel of demand for spot ETH and help explain why institutions and traders are watching price action closely. A History Of On-Chain Wealth Vitalik first crossed the on-chain billionaire threshold at age 27, in May 2021, when Ether traded above $3,000 and holdings were roughly 333,500 ETH — then worth about $1.029 billion. That rise came after ETH moved from around $700 at the start of 2021 to much higher levels later that year. What’s different now is that the figure is again a simple product of visible token holdings and a higher ETH price. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% In a recent interview, Buterin warned against a heavy reliance on large treasuries and borrowing in the ecosystem. He said that if treasuries ever caused major damage to ETH, it would be because some players turned the market into an over-borrowed setup. That kind of caution from a founder matters to investors who are weighing long-term structural risks against short-term price moves. Featured image from Unsplash, chart from TradingView
TRM Labs says the Embargo ransomware group has moved over $34 million in ransom-linked crypto since April, targeting US hospitals and critical infrastructure.
Ethereum co-founder Vitalik Buterin has quietly joined the billion-dollar club, at least when it comes to on-chain assets. According to blockchain analytics platform Arkham, Buterin’s publicly visible crypto holdings have now crossed $1.02 billion in value. Meanwhile, this has come just right after Ether crossed the $4,000 price level for the first time in eight …
Ethereum’s price action in the past seven days has been nothing short of interesting. During this period, the leading altcoin has surged past $4,000 for the first time since December 2024 and is also now trading above $4,200, reclaiming a level it last held in 2021. According to on-chain data, the breakout has injected confidence into the market, especially among retail traders. Ethereum’s technical setup and comparisons with Bitcoin are now showing the possibility of a rally on par with the most explosive phases in its history. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% Ethereum Fractal Structure Signals 1,110% Rally According to technical analysis of Ethereum’s price action on the weekly candlestick timeframe chart, the leading altcoin is about to enter into a 1,110% rally that might take its price above $20,000. This analysis was initially noted by crypto analyst Merlijn The Trader, who identified a repeating cycle that closely aligns Ethereum’s current performance with Bitcoin’s 2018-2021 run. Taking to the social media platform X, the analyst noted that in that earlier cycle, Bitcoin endured an 83% drop from its highs before staging a powerful 342% recovery. This was followed by a secondary correction of around 63%, which ultimately served as the base for a 1,110% surge between the second half of 2020 and the first half of 2021. Ethereum’s weekly chart has been following the same sequence almost step-for-step in the past few years. After a steep 83% decline from its 2021 peak, Ethereum mounted a 342% rebound, only to experience a deep retracement of roughly 63% to $1,500 in April 2025. Since then, however, Ethereum has mounted another rebound, with the latest move being the most recent rally back above $4,200. Image From X: Merlijn The Trader This latest rally shows Ethereum is now in the final phase, where it could be positioned for a comparable explosive run to as high as $20,000 if the fractal continues to play out. In another analysis, Merlijn The Trader also pointed out that Ethereum’s weekly chart is echoing its own 2017 breakout structure. In that cycle, Ethereum reclaimed the 50-week moving average after a prolonged consolidation phase before entering into a sustained and powerful rally. The 2025 chart shows a similar reclaim of the 50 MA, and the price is now breaking above the $4,000 resistance zone that has stood since March 2024. Image From X: Merlijn The Trader Bullish Sentiment Building Above $4,000 Although Ethereum’s recent price rally can be mostly attributed to institutional buys in Spot Ethereum ETFs, the breakout above $4,000 has not gone unnoticed in the broader market. Notably, data from on-chain analytics platform Santiment reflects a dramatic rise in bullish activity across social channels. Mentions tied to buying, optimism, and higher price expectations have surged sharply, now outpacing bearish commentary such as selling or lower price calls by almost two-to-one. Although this can create the conditions in which Ethereum’s rally can sustain momentum, too much FOMO can also put a temporary halt to any rally. Image From X: Santiment Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor At the time of writing, Ethereum is trading at $4,225, up by 23% in the past seven days. Featured image from Unsplash, chart from TradingView
Michael Saylor isn’t worried about growing treasury interest in crypto assets beyond Bitcoin, claiming that Bitcoin will outpace the S&P 500 for the “indefinite future.”
Analysts are increasingly calling for the start of altseason as Ethereum posts massive gains and a wave of altcoins surges across the market. Over the past days, bullish momentum has pushed many digital assets higher, with price structures showing clear signs of strength. For many traders, this is the moment they’ve been waiting for—the long-anticipated shift where altcoins outperform Bitcoin and deliver outsized returns. Related Reading: Bitcoin–S&P 500 Correlation Hits 80%, Tying Crypto To Stocks Ethereum’s recent breakout above key resistance levels has added fuel to the narrative, with large-cap and mid-cap altcoins following in its footsteps. The market’s renewed optimism has sparked speculation that the altseason cycle, where capital rotates from Bitcoin into the broader altcoin market, may already be underway. However, not all experts are convinced. Some point to Bitcoin’s continued dominance and the fact that most altcoins remain well below their all-time highs as reasons for caution. Historical altseasons have typically seen aggressive outperformance across the board, something the market has yet to fully confirm. Altseason Still Waiting For Its True Breakout According to top analyst Darkfost, the much-anticipated altseason hasn’t truly begun. By examining a comparative chart of Bitcoin, large caps (top 20), and mid/small caps, Darkfost notes that the current cycle is showing the weakest altcoin performance so far. While altcoins have made notable moves in recent weeks, their gains still pale in comparison to Bitcoin’s dominant run. The last instance that resembled a genuine altseason occurred in early 2024, when altcoins—particularly mid- and small-cap projects—outpaced Bitcoin over a short but intense period. That surge marked a clear capital rotation away from BTC into the broader market, delivering outsized returns for altcoin holders. However, the present market conditions suggest that kind of broad-based outperformance has yet to materialize. Even though Ethereum has broken above multi-year highs and several altcoins are posting impressive gains, the rally appears selective rather than widespread. Large caps are recovering steadily, but mid- and small-cap coins—often the hallmark of an explosive altseason—are still lagging. This disparity suggests that institutional and retail capital remains concentrated in more established assets. For a confirmed altseason, analysts will be watching for a sustained breakout in mid- and small-cap performance relative to BTC. Until that shift occurs, the current market may be better described as a strong altcoin rally within Bitcoin’s dominant phase rather than the start of a full-scale altseason. Related Reading: Ethereum Exchange Balances Decline To 18.8M ETH: Smart Money Drains Supply Altcoin Market Nears Key Resistance The Total Crypto Market Cap excluding Bitcoin (TOTAL2) is showing strong bullish momentum, currently sitting at $1.57 trillion after a sharp 13.21% weekly surge. This rally brings the market close to retesting its 2025 highs around the $1.6 trillion level, a critical resistance zone that has capped altcoin gains in previous attempts. The chart reveals that the market has been in a sustained uptrend since early 2024, with price action consistently holding above the 50-week moving average (blue line) and maintaining bullish structure. Both the 100-week (green) and 200-week (red) moving averages are trending higher, reinforcing long-term support and signaling healthy market conditions. Related Reading: Bitcoin Futures Bias Turns Neutral As OI Net Position Hits Zero – Details If the breakout occurs, TOTAL2 could target the previous all-time high zone near $1.75–$1.8 trillion, marking a potential acceleration in capital rotation from Bitcoin into altcoins. Conversely, failure to clear this resistance could lead to a short-term pullback toward $1.4 trillion support, which aligns with the 50-week MA. The coming weeks will be crucial for determining whether altseason truly ignites. Featured image from Dall-E, chart from TradingView
Ethereum has surged past the $4,200 level, fueling speculation that a new all-time high could be just days away. The move comes amid growing bullish trend across the altcoin market, with experts eyeing Bitcoin’s declining dominance as a signal that altcoins may take the lead in the short term. Bitcoin Dominance Drops: A Green Light …
Ripple has secured yet another victory in its nearly five-year legal fight with the U.S. Securities and Exchange Commission. Both parties have officially filed to dismiss their appeals, bringing the long-running court saga to an end. Shortly after, the SEC granted Ripple a waiver from its “Bad Actor” disqualification, a restriction that had limited the …
Vitalik Buterin's net worth could be bolstered even more as crypto traders are eyeing new all-time highs for Ether in just days.
Bitcoin is holding firm above the $115,000 level after several days of trading below it, signaling renewed strength in the market. The bullish tone is building as Ethereum posts massive gains and altcoins begin to show strong moves over the past few days. For some analysts, this could be the start of the long-awaited altseason; for others, it’s simply the rest of the market catching up to Bitcoin’s earlier rally. Related Reading: Bitcoin–S&P 500 Correlation Hits 80%, Tying Crypto To Stocks Top analyst Axel Adler noted that Bitcoin’s price is now trading close to its all-time high, with the BTC Z-Score (Price, 30/365) sitting around +1.5σ above its one-year norm. This reading is well below the +2.5σ level typically associated with overheating, suggesting that while momentum is strong, it is not yet at extreme levels. The current environment offers a favorable backdrop for potential upside, with room for the market to expand further before reaching overheated conditions. With altcoins gaining traction and Ethereum’s rally adding fuel to the market’s optimism, the coming days could determine whether this is a sustainable breakout or just another phase of consolidation before the next major move. On-Chain Activity Still Lags Behind Price According to Adler, Bitcoin’s current market setup is showing a positive backdrop but with some important caveats. Adler points out that the Adjusted Price Divergence (APD) remains negative near −1.5 after rebounding from local lows around −2. This metric suggests that Bitcoin’s price is still outpacing on-chain activity, although the gap between the two is narrowing. In other words, while price momentum is firm, the network’s transactional activity and usage haven’t yet fully caught up. This discrepancy creates an interesting dynamic for the market. Adler explains that the bias still favors price, meaning momentum is being driven more by investor positioning and sentiment than by on-chain fundamentals. For the rally to gain more structural support, a healthier setup would see APD move toward zero. This could happen in one of two ways: either network activity increases significantly while price moves sideways or posts modest gains, or Bitcoin’s price cools off to better align with current usage levels. Importantly, Adler warns against interpreting APD moving toward zero as a direct buy or sell signal. Instead, it represents a sign of normalization — a point where market price and underlying network fundamentals are better aligned. For now, Bitcoin’s technical and macro backdrop remains bullish, but sustained long-term growth will likely require the network to catch up with price action. Related Reading: Ethereum Exchange Balances Decline To 18.8M ETH: Smart Money Drains Supply Bitcoin Price Holds Key Support Near $115K Bitcoin is consolidating above the $115,724 support level after a brief dip below it earlier this month. The daily chart shows price stabilizing just above the 50-day simple moving average (SMA), currently near $113,324, which has acted as a strong dynamic support throughout the recent uptrend. The short-term structure remains bullish, with BTC trading inside a range between $115,724 support and the $122,077 resistance level. Volume has tapered off slightly since the early August rebound, suggesting the market is in a wait-and-see mode before a potential breakout. A decisive close above $118,000 could invite another test of the $122,077 resistance, a key level that has capped upside attempts multiple times. If broken, this could open the door toward new all-time highs. Related Reading: Bitcoin Miners Avoid Forced Selling: BTC Sits 7.4% Above Last Difficulty Bottom On the downside, losing $115,724 would shift focus to the 100-day SMA at $108,983 as the next major support. Until then, the higher-lows pattern suggests buyers are defending the mid-$115K zone aggressively. Featured image from Dall-E, chart from TradingView
Fundamental Global's strategy could significantly influence Ethereum's market dynamics and institutional adoption, impacting digital asset trends.
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