$ETH
Market Performance
• ETH rose to $4,162.34 (August 9), marking a growth of 20% from $3,450 (August 5)
• Trading volume reached $45.82B with a market capitalization of $502.43B
• The price reached the highest level since December 2021, trading above all major EMAs
• Technical indicators remain bullish: MACD shows an accuracy of 73.07%, RSI in the range of 59-78
Institutional and Regulatory Catalysts
• The SEC's clarity on the non-secure status of ETH reduced compliance risks for institutions
• BlackRock acquired 28,115 ETH ($110.3M) while the staking ecosystem grew by 28,000 ETH daily
• $105M in short positions were liquidated when the price quickly rose above $4,000
