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📊 Market Dynamics — Ethereum on the Move
$ETH hit $4,326.20 on Aug 10, with $4,242 now acting as strong support.
Trading volumes are up, and the bullish long-short ratio on Binance is 54.04.
Price gained strong momentum after breaking the $4,180 resistance.
Technicals are positive — MACD shows more buying pressure.
🏦 Big Players & Regulations
The SEC’s Project Crypto has made rules clearer for traditional investors.
The GENIUS Act (July) set a solid framework for stablecoins.
BlackRock’s $ETH ETF crossed $10B in assets, total ETF inflows now at $2.4B.
Fund managers have bought 1.6% of ETH supply since June — aiming for 10%?
🔗 Ethereum Network Health
Daily transactions hit an all-time high of 1.8M+.
30% of $ETH supply is staked, showing long-term holder confidence.
Low fees ($0–$4) even with 50% network use.
Community sentiment is 89.6% bullish on Binance Square.
📈 Trading Outlook
Watch $4,320 and $4,500 as key resistance levels.
Analysts eye a $5,000 ETH later in 2025.
Cautious longs could work — but watch Asia market volatility and Fed policy shifts.
