Key Takeaways:
Bitcoin is stuck below $120,000, but institutional accumulation and low volatility suggest a major move is brewing.
Ethereum led large-caps in July, boosted by ETF inflows and strong Layer 2 activity — $4,000 is the next key test.
Solana is holding ground near $200, backed by rising DeFi volume, ETF buzz, and surging on-chain momentum.
August is packed with market-moving events, from inflation data to Jackson Hole — all eyes on macro and momentum.
After a strong close to July, crypto markets are entering August with momentum and caution. Bitcoin (BTC) remains range-bound, Ethereum (ETH) is riding institutional flows, and Solana (SOL) continues to grow as an on-chain hub. Each is approaching critical levels, both technically and psychologically.
At the same time, macro forces are back in focus. U.S. inflation data, fresh tariff tensions, and major policy signals from Jackson Hole could all shake sentiment this month. With altcoin activity heating up and ETF speculation spreading, August may set the tone for the rest of Q3.
Table of Contents
In This Article
Bitcoin’s Price Holds Steady — ‘A Big Move Is Likely Ahead’
‘A Move Toward $6,000–$7,200 Is Realistic’ for Ethereum
Solana Price Eyes $240 As On-Chain Momentum Builds
August Could Be Pivotal for BTC, ETH, and SOL
Key Crypto Events to Watch in August 2025
In This Article
Bitcoin’s Price Holds Steady — ‘A Big Move Is Likely Ahead’
‘A Move Toward $6,000–$7,200 Is Realistic’ for Ethereum
Solana Price Eyes $240 As On-Chain Momentum Builds
Show Full Guide
August Could Be Pivotal for BTC, ETH, and SOL
Key Crypto Events to Watch in August 2025
Bitcoin’s Price Holds Steady — ‘A Big Move Is Likely Ahead’
Bitcoin spent most of July in a narrow holding pattern between $115,000 and $118,000 — a surprisingly quiet month for the leading cryptocurrency. Even a mid-July attempt to reclaim the $120,000 level quickly fizzled, leaving the market in a low-volatility, low-volume consolidation phase.
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According to Abbas Abdul Sater, Head of Sales at Capital.com, this kind of calm could be setting the stage for something bigger:
Historically, periods like this often come before sharp moves. If Bitcoin can break above $120,000 with strong buying volume, the next target could be $140,000 or higher. But if it fails to hold current levels around $115,000, a short-term pullback might follow.
Part of the optimism stems from improving macro conditions. U.S. GDP growth and a recovering labor market have boosted global risk appetite. Stocks are trending higher, and interest in risk-on assets like crypto is slowly picking up again — a setup that could support Bitcoin in early August.
Abdul Sater also points to more regulatory clarity and a steady Fed policy as key tailwinds:
The Federal Reserve kept interest rates at 4.25%, which caused a brief dip in BTC before prices rebounded. At the same time, U.S. regulators are making progress — pushing for CFTC oversight on spot Bitcoin and allowing in-kind ETF creations, bringing crypto ETFs closer to traditional commodity standards.
But while August begins with renewed interest in risk assets, Bitcoin’s price has already come under pressure. The month opened with a pullback triggered by Donald Trump’s announcement of new import tariffs, which spooked global markets and briefly dragged crypto down with equities.
Historically, both August and September tend to be weaker months for Bitcoin, often marked by corrections or sideways movement. It’s October that frequently flips the script — with strong rallies following prolonged periods of cooling.
Abbas Abdul Sater adds that the current setup may be laying the groundwork for a larger move:
Bitcoin is in a key consolidation phase. Steady accumulation from institutions and ETFs is providing long-term support, but low volatility signals that a big move is likely ahead.
‘A Move Toward $6,000–$7,200 Is Realistic’ for Ethereum
Ethereum posted a strong rebound in July, adding nearly 50% over the month and closing above $3,500 — a level not seen since early spring. This performance added fresh fuel to what many are calling the start of altcoin season.
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Dean Chen, Analyst at Bitunix, notes that Ethereum held up well despite broader volatility:
August will be a crucial test for Ethereum. Despite intense market volatility following the July FOMC meeting, Ethereum has maintained its position above $3,200, demonstrating notable relative strength.
That strength was also reflected in ETF flows. Ethereum investment products saw net inflows on nearly every trading day in July, with just a single day of outflows at the start of the month. Inflows peaked on July 16, reaching $726.6 million — a signal that institutional interest in Ethereum is growing again.
Chen sees this as part of a broader trend:
Institutional capital is increasingly flowing into Ethereum-native sectors like Real World Assets and modular apps. Should macro liquidity conditions turn favorable again, Ethereum reclaiming $4,800 and potentially expanding into the $6,000–$7,200 range is a realistic scenario.
Technically, Ethereum is also showing signs of building a more stable base. Chen believes a measured pullback could strengthen the setup for a breakout:
If Ethereum pulls back and stabilizes around $3,450 — a key zone of prior highs and supply confluence — it would set up a healthier attempt to break the major resistance at $4,000. This level is structurally significant, formed during 2021–2022. If broken, a move back to the all-time high at $4,800 becomes highly probable.
Solana Price Eyes $240 As On-Chain Momentum Builds
Following Ethereum’s lead, Solana also moved higher in July, briefly breaking above $200. While its monthly performance of roughly 13.2% was more modest compared to ETH, interest in the Solana ecosystem continues to grow — fueled by rising DeFi activity and a steady stream of meme coins launching on its network.
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Pauline Shangett, CSO at ChangeNOW, highlights a surge in on-chain activity as a key factor behind Solana’s momentum:
We’re seeing a sharp rise in Solana’s TVL, now between $10–14 billion, a six-month high. DeFi activity is booming too, with DEX volume in July surpassing $1.4 trillion. On the institutional side, things are heating up: major players like Grayscale and Invesco Galaxy have filed or revised spot ETF applications, with decisions expected closer to October.
This growing interest may help support price action in the weeks ahead. Maria Carola, CEO of StealthEx, says market sentiment is leaning bullish:
Most predictions for August are fairly optimistic. Some put it in the $195–$200 range, while others see it pushing toward $250 or even higher if momentum picks up.
The question now is whether that momentum can hold. Shangett believes August will be pivotal for Solana’s price structure:
August will be a key moment to see if that momentum holds. I’m watching the $185–200 range closely. If Solana can maintain that zone, it sets a solid base for the next leg higher. Continued strength in on-chain activity, new users, rising transaction volume, and capital inflows could push the price toward $220–240 in the near term.
August Could Be Pivotal for BTC, ETH, and SOL
With July behind, Bitcoin, Ethereum, and Solana are entering August with mixed setups — but all three show signs of underlying strength.
Bitcoin remains in a consolidation phase, trading just below $120,000. A decisive move in either direction could set the tone for the broader market. Abbas Abdul Sater summarizes the key inflection point:
A decisive break above $120,000 could push Bitcoin toward $140,000, while failure to maintain momentum may lead to a short-term dip.
Ethereum closed the month as one of the top-performing large-cap assets, supported by ETF inflows and sustained Layer 2 activity. Markus Levin, co-founder of XYO, sees room for further growth despite possible volatility:
Ethereum’s rally in July has been driven by a combination of macro tailwinds, growing anticipation around the broader adoption of ETH ETFs, and renewed developer momentum in the ecosystem. Layer 2 activity has remained strong, and institutional sentiment is cautiously improving. Prices might be a little volatile, but yes, in the medium term, we believe Ethereum should continue to trend positively into August and beyond.
Solana, meanwhile, is gaining traction across DeFi and retail communities. Its price is now hovering around the psychologically important $200 mark. Shawn Young, Chief Analyst at MEXC Research, expects that level to be a key test:
As for price action, the $200 level will be a battleground, both psychologically and technically. We may see resistance there in the near term due to strong network usage metrics and inflows into Solana-based products. This only suggests that if broader market conditions remain favourable, this level could become a support floor by Q4.
Key Crypto Events to Watch in August 2025
August 4 — Solana Seeker Ships. Launch of Solana Mobile’s second-generation phone, potentially boosting ecosystem activity.
August 7 — U.S. Reciprocal Tariffs Take Effect. New import tariffs announced by Donald Trump come into force, with potential impact on global markets.
August 7 — U.S. Initial Jobless Claims. Weekly update on unemployment claims, a key labor market signal.
August 12 — US Inflation Data Release:
Consumer Price Index (CPI) – Monthly Change
CPI – Annual Change
Core CPI – Monthly Change
August 14 — US Producer Price Index (PPI). Tracks wholesale inflation, offering early clues about consumer price trends.
August 21 — 23 – Jackson Hole Economic Policy Symposium (US). Global central bankers gather for key policy discussions and potential market-moving statements.
August 29 — Iran Nuclear Deal Deadline (JCPOA). This is the deadline for negotiations on the Joint Comprehensive Plan of Action, which could have a possible geopolitical and market impact.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice.
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