🔼 $ETH overtakes Netflix Against the backdrop of Ethereum | TopCryptoNews on Binance Square

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Bullish

🔼 $ETH overtakes Netflix
Against the backdrop of Ethereum reaching a price of $4,366 — the highest since December 2021 — it has surpassed Netflix in market capitalization and moved to 22nd place among all global assets.

About $500 to ATH left 🥹
#ETH #Ethereum 

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🚀 Ethereum’s Next Stop: $5,210 or $6,946? Analyst Lays Out the Path Ethereum (ETH) has logged nearly 20% gains in the past week as it outperformed many crypto assets. After reclaiming the $4,200 price level for the first time since 2021, ETH has managed to stay above this level. Beyond price action, on-chain data reveals a telling change in how the leading altcoin’s most dedicated holders are behaving. 🔸 From “Capitulation” To “Belief” There has been a significant shift in sentiment among long-term Ethereum holders over the past four months. In fact, crypto analyst Ali Martinez found that this cohort of investors is moving from a phase of “capitulation” to one of “belief.” Such a transformation means that investors who previously showed signs of surrender or likely selling at a loss or exiting positions amid market uncertainty are now demonstrating renewed confidence in ETH’s future trajectory. Historically, transitions from capitulation to belief have coincided with the early stages of bullish cycles. This is because reduced selling pressure and stronger holding behavior can create a more favorable supply-demand dynamic for price appreciation. With sentiment improving, the focus now shifts to ETH’s next major resistance levels. Martinez has now identified $5,210 and $6,946 as Ethereum’s next potential price targets based on Pricing Bands, a technical tool used to project key resistance and support zones. These levels represent significant milestones that, if reached, could signal ETH’s progression into a new price discovery phase. The $5,210 mark is likely to serve as the first major hurdle, where traders may anticipate increased profit-taking. However, a successful breakout could set the stage toward the higher $6,946 target. Market sentiment isn’t the only thing improving. Ethereum’s fundamentals are also showing signs of strength. #ETH #Ethereum

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🔼 Summary of the Day After the CPI Today, the CPI data was published — 2.7%, which is below the forecast of 2.8%. 🐂 Since the report showed a slowdown in inflation growth, risky assets reacted very positively. ↗️ The S&P 500 index broke a new high above $6,400. Meanwhile, BTC recovered to $120,000, and ETH rose to the $4,500 range. 📊 The upward movement of risky assets is linked to expectations of an upcoming Fed rate cut. The probability of a rate cut in September is already 94%.

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🤔 Top reasons why $XRP price is a coiled spring ready to pounce XRP’s price remains in a correction after plunging 13% from its highest point this year, but strong fundamentals and a bullish chart pattern point to a potential breakout toward $5. 🔸 XRP price to jump as cup-and-handle pattern forms Technical analysis points to an eventual Ripple (XRP) price bullish breakout. The daily chart shows that the coin has been forming a cup-and-handle pattern since January this year. The upper side of the cup is at $3.40, while the lower side is at $1.6135, its February low. XRP has completed the cup section and is now in the handle phase. Notably, a small inverse head-and-shoulders pattern has formed within the handle. The coin has also remained consistently above the 50-day and 100-day Exponential Moving Averages, indicating that bulls are still in control. XRP has also bottomed at a major support/resistance level on the Murrey Math Lines tool. These technicals increase the likelihood of a breakout, which will be confirmed if the price moves above the YTD high of $3.65. A move above that level would likely open the door to the psychological $5 mark. The bullish outlook will be invalidated if the price drops below the strong pivot reverse at $2.73. 🔸 XRP Ledger is doing well The other key catalyst for the XRP price is that the XRP Ledger is doing well, a trend that will continue after the recent acquisitions. Data shows that the ledger’s total value locked has jumped by 16% in the last 30 days to $85 million. Also, the amount of stablecoins in the network has jumped to over $167 million, with most of them being Ripple USD (RLUSD). RLUSD’s supply has jumped to $642 million this year. 🔸 XRP ETF approval to boost demand A major potential tailwind is that the Securities and Exchange Commission, led by pro-crypto chair Paul Atkins, may approve most or all of the pending XRP ETF applications. Such approval could lead to billions of dollars in inflows later this year or in 2025. #XRP

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📣 Top 4 Altcoins Set to Explode This Week The crypto market has kicked off August on a high note, with many altcoins hitting fresh monthly highs. After weeks of steady gains, attention is turning to which tokens might deliver the biggest return. Therefore, a well-known crypto analyst, AltCryptoTalk, has shared five tokens he believes could shine this week: NEAR, OP, ENA and PENDLE. Top 4 Altcoins To Watch With August’s positive trend still intact, these five altcoins could see strong moves in the days ahead. 🔸 #NEAR (Near Protocol) – Eyeing $8 NEAR Protocol is back in focus this week, trading near $2.6 after an 8% gain over the past week. Much of the buzz is about a community vote to cut NEAR’s inflation from 5% to 2.5%, which could mean fewer new coins in circulation. Looking at the weekly chart, Altcrypto suggests that the NEAR token must break above $3.65 mark to see a bullish run towards $8. 🔸 #OP (Optimism) – Aiming for the Big Break Optimism OP is showing renewed strength after bouncing off its support of $0.60 and is now trading around $0.74, reflecting a drop of 5.4% in the last 24 hours. If it can break above $0.833, analysts expect a strong upward push will lead it towards $1 mark. However, an upcoming unlock of 31.34 million OP tokens at the end of August could bring short-term volatility, so expect traders to move fast. 🔸 #ENA – Buy-the-Dip Opportunity Ethen ENA surged over 30.87% this week as ENA’s stablecoin, USDe, surged to become the world’s third-largest dollar-backed stablecoin. ENA’s daily trading ranges have broken through key resistance, and analysts say a push past $0.85 could quickly carry the price to $1 or more if current momentum holds. 🔸 #PENDLE – Bullish Trend Toward $7 Pendle is in the spotlight after its price broke above the $5.3 mark after surging more than 37% in a week. With technicals pointing to a continued uptrend and big trading volumes, Altcrypto predicts PENDLE could reach $7 if market sentiment holds.

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✅ Conclusion on the Ripple and SEC case: a new era for $XRP The U.S. Securities and Exchange Commission (SEC) has officially ended the lawsuit against Ripple Labs, which will conclude in August 2025, allowing Ripple to resume normal operations. The SEC is ending the legal battle with Ripple. Activity in the #XRP market has significantly increased. Institutional interest in XRP is growing.

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