Recently, the Ethereum market has been firing on all cylinders, with prices breaking through the $4600 barrier, welcoming a long-awaited strong rebound. Behind this is not only the technical bullish support but also a massive inflow of institutional funds, especially the spot ETF capital inflow has set a shocking record of $1 billion in a single day.
Meanwhile, the total market capitalization has surpassed the $270 billion mark, and USDC's dominant position in the Ethereum ecosystem has further solidified, while USDT has staged a 'comeback' on the TRON network. Today, we will comprehensively review Ethereum's strong performance, institutional fund movements, and the latest changes in the stablecoin ecosystem to help you seize new market opportunities!
Ethereum (ETH) Explodes: Price Rushes to $4600, ETF Capital Surge Ignites Market
Speaking of recent Ethereum, it is truly 'surging ahead'! After a long period of consolidation, ETH finally broke through the $4,600 threshold on Tuesday, striving towards the historical high of $4,878. Compared to Bitcoin (BTC) and Ripple (XRP), Ethereum has performed more 'strongly', especially in terms of capital inflow.
In the last day, the capital inflow for Ethereum spot ETFs reached an astonishing $1 billion, setting a record for the largest single-day inflow ever! According to authoritative data platform Messari, since the beginning of this year, Ethereum ETFs have accumulated a total of $8.2 billion in capital, accounting for approximately 1.5% of ETH’s total market capitalization.
This is a fairly impressive number, showing the strong interest and confidence of institutional investors in ETH. In contrast, while Bitcoin spot ETFs have larger inflows, reaching $19.4 billion year-to-date, they only account for 0.8% of BTC's market capitalization.
In other words, Ethereum's capital attraction on a relative scale is almost twice that of Bitcoin, which undoubtedly suggests that investor sentiment is shifting towards ETH.
The technical outlook is bullish, with a short-term expectation of challenging $4800 and higher levels.
The technical aspects of Ethereum's price are also quite strong. The market shows that ETH has surged from the support level of $4150 to around $4635, firmly standing above the 100-hour moving average and an important bullish trend line. The current key support level is at $4400, with resistance between $4650 and $4750.
In terms of technical indicators, both MACD and RSI show strong bullish momentum, especially since MACD continues to exert force in the bullish zone, and RSI remains above 50, indicating ample market buying power. If the price can break the $4750 resistance, it is highly likely to challenge $4800 or even higher in the coming days.
In other words, in the short term, Ethereum not only has institutional funds 'escort' but also the technical chart is building momentum for further new highs, with investor confidence at an all-time high and the bullish atmosphere increasingly pronounced.
Listed companies are making significant purchases, and institutions are deepening their layout in ETH.
Not only retail investors but also institutions are increasing their positions in Ethereum. Recently, listed companies have been embracing ETH:
SharpLink appoints Ethereum co-founder Joseph Lubin as chairman, holding over 360,000 ETH.
BitMine completes the transition from Bitcoin mining to Ethereum treasury, holding over 120,000 ETH.
Bit Digital is fully betting on Ethereum, accumulating over 120,000 ETH.
Even more surprising is that since June, institutional investors have increased their holdings by about 25 million ETH, which is far from a short-term speculative behavior but rather a strategic allocation, showing that institutions are recognizing Ethereum's potential as a long-term value asset.
The stablecoin market capitalization has exceeded $270 billion, and USDC has surpassed USDT on Ethereum!
In the context of Ethereum's bull market, the stablecoin ecosystem is also ushering in new opportunities.
As of the time of writing, the total market capitalization of global stablecoins has surpassed a historic high of $271.1 billion.
The most striking change here is that on the Ethereum chain, USDC has surpassed the former dominant USDT, becoming the most popular stablecoin.
Don't underestimate these details; USDC's ability to lead in the Ethereum ecosystem is inseparable from its deep integration with DeFi projects, transparent regulatory reserves, and the strong backing of Circle.
Data shows that USDC's daily average transfer amount on Ethereum exceeds $20 billion, while USDT's transfer amount on the same chain fluctuates between $12 billion and $15 billion. Meanwhile, USDT's activity has shifted more to TRON and Binance Smart Chain (BSC).
This also explains why USDT is performing exceptionally active on the TRON chain, especially with the surge in deposits driven by major exchanges like Binance, Bybit, and HTX, leading to USDT-TRC20 transaction numbers breaking 1 million in a week, reaching the highest level in months.
It seems that the active participation of retail investors and the support of exchanges have made TRON the strongest 'engine' for USDT.
Rising Star USD1 Debuts, Regulatory Advantage May Bring New Opportunities
After USDT set records on TRON, the network has also welcomed new competition, with a new face worth paying attention to emerging in the market—USD1.
On August 6, a $23 million issuance of the $1 stablecoin occurred—this is a stablecoin that has just received regulatory recognition in the U.S., launched under the new (GENIUS Act) framework. Although its current market capitalization and trading volume are still relatively small, USD1, with its fully regulated structure, is gradually gaining market favor.
This 'legal and compliant' background makes USD1 a good choice for investors looking to avoid risks. As the market’s demands for stablecoin security and compliance increase, USD1 is likely to secure a spot in the competitive stablecoin market in the future.
Summary｜Institutional + Technology + Regulatory triple benefits, the ETH bull market is gradually taking shape.
In summary, Ethereum is entering a phase of a bull market with multiple favorable factors overlapping:
Institutional funds are pouring in, with ETF single-day funds surpassing $1 billion, and capital inflow is pushing prices higher.
The technical trend is strong, with a short-term possibility of challenging the historical high of $4800.
The stablecoin ecosystem is rapidly developing, with USDC achieving a leading position on the Ethereum chain, while USDT is also active on TRON.
New regulatory policies are introduced, promoting compliant stablecoin USD1 to enter the market and steering the industry towards standardization.
For investors, Ethereum is currently not only a popular target with strong technical and financial aspects but also the core carrier chain for institutional strategic allocation and future DeFi and tokenized assets. Holding steadily and buying on dips may be a wise choice in the coming period.
Friends in the crypto space, don't miss this wave of market and ecological opportunities! Whether you are a technical player or a financial player, Ethereum and stablecoins are worth continuous attention this summer. Remember to stay calm, allocate assets reasonably, and look forward to the next wave of bull market!
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