Hey friends, have you noticed? Recently, Ethereum (🚀) has shot up like a rocket, breaking through the $4,000 mark and even starting to test the key resistance level of $4,400! At the same time, Ethereum co-founder Vitalik Buterin's asset value has also returned to billionaire status, making one want to say: 'This market trend is really fierce!' 🔥🚀
Moreover, with Wall Street giants rushing into the ETH ETF market, the scale of capital inflows has reached a new high, instantly igniting market sentiment. But we can't be blindly optimistic; on-chain data and the futures market reveal signals of excessive leverage, and short-term volatility risks should not be overlooked. Is this rise the start of a genuine bull market or a selling trap? Let’s delve into the recent multi-dimensional dynamics of ETH together, clarifying the context and navigating the market! 🚀#以太坊生态回暖
Vitalik Buterin returns to billionaire status: ETH price hits $4,000 again!
Recently, ETH's price skyrocketed, breaking the $4,000 mark, sending Ethereum co-founder Vitalik Buterin back into the billionaire club! Feels a bit familiar, doesn’t it? After all, this isn’t his first time reaching the pinnacle of wealth.
Ethereum rocket lifts off, Vitalik's assets return to $1 billion mark
According to Arkham's data, Vitalik currently holds about 240,000 ETH, along with some small coins like AETHWETH, WHITE, MOODENG, and WETH, with total assets around $1.04 billion. Not bad, quite substantial!
Not long ago, ETH's price surged 6.38%, reaching $4,332, setting a new high since December 2024. Meanwhile, Bitcoin (BTC) seems to be lagging behind, with a decline in market share.
At the time of writing, ETH's price has slightly retreated to $4,220, but don't be frightened by this small pullback; this market trend has triggered significant liquidations, and bullish sentiment is running high. The celebration seems to have just begun. 🎉
Vitalik's crypto story: from humble beginnings to billionaire
Speaking of Vitalik, this Ethereum genius actually became a billionaire back in May 2021, when he was just 27 years old. At that time, ETH had just broken through the $3,000 mark, and his life took off from there.
Currently, on-chain data shows he still holds approximately 333,500 ETH, worth about $1.03 billion. At the beginning of this year, Ethereum's price was only $700, and it has risen over fourfold since then, significantly increasing wealth.
Notably, three years ago, Vitalik was quite low-key, claiming he never held more than 0.9% of the total supply of Ethereum, and his net worth hadn't approached $1 billion. Now, his achievements are quite impressive. 👏
What do the big players think of this market trend? The long-short battle continues.
Regarding ETH's price movement, well-known trader Michaël van de Poppe said:
‘Currently, it’s a good time for short-term profit-taking, but if you plan to buy long-term, now isn't the best entry point.’
He also added that the bears have basically retreated, and the bulls may continue upward after a brief consolidation; overall, it looks pretty good.
Another user observed that the recent surge in altcoins has dealt a heavy blow to the bears, especially with the influx of funds into US spot ETFs, causing bullish sentiment to soar.
Bears face significant pressure; prices reaching $4,500 may trigger a greater storm.
The current market atmosphere is super bullish. Data shows that if ETH rises to $4,500, short positions worth up to $1.35 billion will be liquidated. This short squeeze effect often generates a quick surge. By the way, this spike is also related to the sound investment strategies of some ETH fund management companies recognized by Vitalik, indirectly boosting this wave of inflows.
Bullish sentiment for ETH is high, suggesting that this celebration is just beginning. But don't forget, rising prices come with profit-taking pressure, and short-term pullbacks are inevitable. 🎉
Wall Street ETF giants double down on Ethereum, with record inflows
This recent rise in Ethereum is supported by institutional capital. According to statistics from Arkham Intelligence, recent trading volumes for Ethereum-related ETF products reached $461 million in a single day, surpassing Bitcoin's $404 million for the first time in trading scale. This wave of institutional buying was led by giants like BlackRock, Fidelity Investments, and Grayscale, with BlackRock purchasing $250 million, Fidelity adding $130 million, and Grayscale increasing by $60 million. 💰
The inflow of ETFs not only signifies more traditional financial players recognizing Ethereum's investment value but also brings a chain reaction to the market. On-chain data shows that 'new buyers' making their first purchases and short-term momentum traders are entering, boosting demand. Meanwhile, the number of 'loyal buyers' who hold firm has also increased, indicating that market confidence is becoming more solid.
The Ethereum derivatives market is also booming, with the total value of open futures contracts reaching $51.6 billion, close to an annual high.
Momentum indicators show that MACD remains positive, with the overall trend leaning bullish. It is less than $600 away from the historical high of $4,891 set in November 2021, and the market is eager to see if prices can break through and initiate a new round of price discovery. 📈
Testing the $4,400 mark: a rebound signal or a selling trap?
However, although the overall environment seems favorable, Ethereum has encountered some divergences and warning signals when breaking through the $4,400 resistance level.
From on-chain data, the 'Exchange Supply Ratio' (ESR) of the entire exchange has shown a steady decline since 2022, indicating that selling liquidity is decreasing and investors prefer to hold coins rather than sell, supporting the bullish view. However, a closer look at Binance's data reveals that the ESR has started to rebound since early 2025, while capital inflows are increasing, which often indicates that short-term selling pressure is building—after all, inflows to exchanges mean some investors are preparing to sell.
From a technical perspective, the daily chart shows ETH testing resistance around $4,400, while support is near $4,000. The Relative Strength Index (RSI) has risen to 71, nearing the overbought zone, suggesting possible short-term profit-taking pressure. The Fibonacci extension indicates that if upward momentum continues, $4,300 is the short-term resistance, with the next target being $4,886.
During this period, leveraged positions in the futures market have accumulated rapidly, with clear signs of market 'overheating'. Historical experience tells us that when leverage is too high, especially near strong resistance levels, the risk of pullbacks and liquidations increases significantly. If the bulls fail to effectively control the situation, it could trigger a wave of rapid selling. ⚠️
Capital flow and whale activity: buying pressure remains strong, but beware of selling pressure from funds flowing into exchanges.
It is worth noting that there is a clear trend of net capital outflows recently. On August 10, the net outflow reached $245 million, indicating that many investors are transferring assets from exchanges to self-custody wallets, which is usually a signal of accumulation, suggesting investors are optimistic about long-term prospects.
However, Binance's data shows some funds flowing into exchanges, possibly preparing for potential selling. In other words, the market is experiencing a tug-of-war between 'accumulation' and 'profit-taking', and volatility will likely intensify in the short term. 📊
Bullish logic still prevails, but short-term risks cannot be ignored.
In summary, the current market structure for Ethereum still leans bullish:
Vitalik's assets return to billionaire status, symbolizing the steady development of the Ethereum project and capital confidence;
Institutional large ETF funds are pouring in, and the financial outlook continues to improve;
The number of on-chain buyers and holders is increasing, indicating market consensus is forming;
Prices are maintained above important moving averages, with overall technical indicators improving.
However, at the same time, the short-term overbought status and excessive futures leverage remind us that the market may experience fluctuations or even corrections near key resistance levels, especially around the liquidation zone of $4,300-$4,400, which could trigger a chain reaction.
If it can decisively break through $4,400, funds may release bullish energy, pushing prices higher, with a chance to challenge the historical high of $4,890. Conversely, if it falls below support, short-term selling pressure may lead to a drop near $4,000. Investors should remain cautious and manage their positions and risks.
Summary: The celebration continues, but keep your mindset steady!
Ethereum's strong rise is igniting passion in the crypto circle. Vitalik's return to billionaire status is like a spiritual totem, and the entry of ETF giants brings a lot of real capital to the market, while on-chain data and technical indicators are generally bullish... These factors are driving ETH closer to historical highs.
But remember, the market is always a game of long and short. Excessive leverage, short-term capital flow discrepancies, and tests of key resistance all suggest that Ethereum's price may experience significant fluctuations in the coming days. Staying alert and responding rationally is key to participating in this market.
Friends in the crypto circle, don't just focus on the ups and downs of numbers; look at the on-chain stories and capital flows to better judge market trends. The big long-short drama for Ethereum has just begun; are you ready to secure your seat on the rocket? 🚀✨
Many understand the trend, but few follow the right rhythm.
The crypto world changes rapidly, with opportunities and risks coexisting. Learning to enter and exit strategically and protecting your capital is essential for steady progress and wealth growth. ✍️
Remember to do your own research, manage risks well, and wish everyone smooth sailing in the crypto world! 🌊
Like👍, share, follow me, and let’s capture more market opportunities together, watching the ups and downs of bulls and bears with a smile! Let’s go!
