🔷️ BitMine announced that it purchased 179,251 #ETH last week.
This acquisition highlights the renewed interest from institutional investors and growing confidence in Ethereum. 📈 If this trend continues, $ETH could see positive momentum in the medium term.
🟢 Spot $Bitcoin ETFs recorded a total inflow of $3.24 billion. 🟢 Spot $Ethereum ETFs saw a total inflow of $1.3 billion.
🔎 These figures indicate a strong inflow of institutional capital into the crypto market, reflecting significant investor interest in both $BTC and $ETH ETFs.
🟢 Spot $Bitcoin ETFs recorded $430 million in inflows. 🟢 Spot $Ethereum ETFs saw $127 million in inflows.
🔎 These inflows from institutional funds indicate sustained confidence in both $BTC and $ETH , suggesting that medium-term demand remains strong. Especially during periods of higher volatility, capital flowing into ETFs can act as a supportive factor for the market.
✨ Sonic Summit 2025 will take place on September 29–30 in Singapore. ✨ Ronin treasury is launching a $4.6M $RON buyback program starting September 29. 💵 On September 30, FTX Recovery Trust is expected to distribute $1.6 billion to creditors in its third major payout. ✨ On October 1, 1inch ( $1INCH ) will launch its Forward product (announcement). 🇪🇺 October 1, 12:00 UTC Eurozone annual inflation (CPI) release. 🇺🇸 October 1, 15:30 UTC U.S. Initial Jobless Claims announced. 🇹🇷 October 3, 10:00 TRT Turkey’s annual CPI expected to be released. 🇺🇸 October 3, 15:30 UTC U.S. Nonfarm Payrolls data. 🇺🇸 October 3, 15:30 UTC U.S. Unemployment Rate announced.
🔷️ #THE ( @ThenaFi_ ) showed a strong rally recently, but when it reached the resistance level, it was rejected due to the drop in #BTC and the overall #crypto market, pulling back to the support zone. 📉
🔎 On the weekly timeframe, the cup formation pattern is still intact. If this pattern plays out, the resistance zones to watch according to Fibonacci levels are marked by the yellow lines.
🔷️ On the daily timeframe, #ETH bounced nicely from the ascending triangle’s support line and continues to hold above it. As long as this support remains valid, the next resistance area to watch is marked by the purple line.
🔷️ As we discussed earlier, #BTC failed to break above the strong resistance level marked by the blue line, which triggered a sharp pullback. The blue line represents a critical resistance zone, while the green lines highlight the key support levels to watch.