Daily TA Snapshot: August 9, 2025 – Binance Highlights
** Market Buzz:**
Binance has executed massive ETH transfers to Wintermute just as Ethereum broke above the $4,000 mark. This could signal potential liquidity movement or major trades ahead. Despite this, ETH has managed to stay above $4,000—marking a volatile but resilient price action.
** Key Levels & Sentiment:**
– Ethereum: Surging past the $4K threshold with notable volatility. Watch for upcoming sessions to see if $4K turns into firm support or resistance.
– BNB: Hovering near a critical resistance range around $765–$785, with bullish interest still intact. Forecasts suggest potential upside toward $1,000–$1,600, though regulatory and market conditions remain decisive.
** TA Notes:**
ETH breakout above $4K could attract momentum traders, but the large outflows to Wintermute may precede corrective moves—so caution is warranted.
Watch for support: If ETH dips back toward $3.9K, that could offer a pullback entry.
BNB watchers: A break above $785 could spark a larger rally, but failure to do so may see a retracement toward $760.