CRYPTO MARKET SURGES AS INFLATION DATA LIFTS SENTIMENT — ETH BREAKS $4,500, BTC EYES $120K, BNB NEARS ATH
Ethereum has smashed through $4,500 for the first time since early 2022, fueled by steady inflation data, institutional buying, and growing ETF optimism. Corporate treasuries like BitMine Immersion Technologies and SharpLink Gaming now hold a significant share of top-10 company ETH reserves, while exchange outflows signal long-term accumulation. Analysts see potential for a $5,000 test if momentum holds.
Bitcoin is trading just shy of $120,000 as July CPI met forecasts, reinforcing Fed rate cut expectations for September. A retest of its $123K ATH is in play, though short-term volatility could track U.S. equities.
BNB has surged to $830, within striking distance of its $861 all-time high. A clean break above $840 could accelerate gains toward $850–$860, backed by rising DeFi volumes and ecosystem upgrades on BNB Chain.
Macro relief from stable inflation is boosting risk-on sentiment across markets, driving ETF inflows and setting the stage for possible record prices into Q4. However, a hotter-than-expected August CPI could trigger sharp pullbacks in BTC and ETH.
Key Levels to Watch:
• $ETH : Resistance $4,515 | Bullish Target $4,650–$5,000+
• $BTC : Resistance $119,850 | Bullish Target $123,000–$125,000+
• $BNB : Resistance $830 | Bullish Target $840–$861+
