is trading$ETH at $4,753.21 after reaching an all-time high (ATH) of $4,887.59 on August 22

The market capitalization has now surpassed that of Mastercard, ranking 22nd as the largest global asset

Strong capital flows ($2,145.95 ETH over 24 hours) with significant regional differences - Americas (buy/sell ratio 554.13) versus Asia (52.17)

Conflicting forces in the market

Positives: Institutional adoption (2% of ETH is owned by public companies), ETHZilla's plan to raise $10 billion

Negatives: A liquidation of $3.15 billion (4 times larger than Bitcoin's liquidation), an ETH withdrawal list of 87,000, BlackRock's sale of 59,606 ETH (worth $254 million), outflows from ETF funds ($241 million)

Technical indicators are mixed: the MACD shows a 58.33% bullish trend while the RSI indicates a 46.15% bearish potential

Trading strategy considerations

Critical levels: Support level at $4,744 (lowest price in 24 hours), Resistance level at $4,887.59 (latest ATH)

Regional differences in trading create time opportunities during the different market working hours

Monitoring institutional flows and withdrawal activity for clues on direction

The strategy must consider the possibility of the price breaking above $4,887 or collapsing below $4,744

Community sentiment

A community that is significantly optimistic (89.11% from 6,808 posts)

Discussions are focused on ETH's leading role in the market and the increase in institutional communications

Technical analysis remains strongly present in community discussions despite the mixed indicators