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In the past week (as of August 11, 2025), the price of Ethereum (ETH) has shown significant volatility, primarily influenced by institutional buying, market sentiment, and short-term technical adjustments:
1. **Price Breakthrough and Retracement**
- ETH broke through $4,200 on August 9, reaching its highest level since December 2021, driven by institutional buying and ETF demand.
- However, on August 10, it slightly retraced to $4,193.49 (down 0.37%) due to short-term profit-taking and whale sell-offs (such as a large sale of 4,723 ETH).
2. **Market Drivers**
- **Institutional Accumulation**: Since mid-July, whales and institutions have cumulatively bought over 1 million ETH (approximately $417 million) at an average price of $3,546, pushing up the price.
- **ETF Inflows**: The asset size of ETH ETFs has exceeded $10 billion, attracting funds from traditional markets.
- **Technical Indicators**: RSI is nearing the overbought range (68-72), indicating short-term overheating risks, but remains bullish in the long term.
$ETH
3. **Short-term Outlook**
- If it stabilizes above $4,200, it may test resistance levels of $4,500-$4,800.
- Caution is needed regarding the SEC's decision on the spot ETF (any delay or rejection may trigger a correction).
Overall, ETH has recently been driven by institutions, but short-term volatility is high, and it's essential to monitor key support levels at $4,000 and regulatory dynamics.
