Corporate accumulation hits a new high, ETH reserves surpass 2.7 million coins
In July, Ethereum became the 'darling' of corporate cryptocurrency investments, with the total amount of ETH held by companies reaching an all-time high. According to data from Binance Research, as 24 new companies joined the ranks of holders, corporate ETH reserves surged nearly 128%, surpassing 2.7 million coins, valued at approximately $11.6 billion.
This surge is driven by multiple factors: attractive staking yields, the deflationary token mechanism of ETH, and institutions shifting from indirect holdings through ETFs to direct accumulation. Currently, the ETH held by companies is approaching half of the Ethereum ETF holdings, accounting for 7.98% of the total ETH supply—up from just 3% in early April, when no listed companies had included ETH as reserve assets.
Top holders are performing impressively: Bitmine Immersion Tech holds 1.2 million ETH, the Ether Machine holds 598,800 coins, and SharpLink Gaming holds 345,400 coins. Alongside the corporate accumulation wave, the price of ETH soared from around $1800 in April to over $4300, with market share increasing to 11.8%, and 97% of holders are currently in profit.
ETF inflows are booming, institutional enthusiasm continues to heat up
The growth of Ethereum ETFs is also rapid. On August 11, the US spot ETH ETF saw a net inflow exceeding $1 billion in a single day, setting a new daily record since its launch; more notably, the spot ETH ETF has recorded net inflows for 19 consecutive days, indicating sustained interest from institutional investors.
Throughout the entire cryptocurrency market, the global cryptocurrency market cap grew by 13.3% in July; Bitcoin still dominates (around 60%), but funds are clearly shifting towards Ethereum and altcoins. With the dual inflow of ETF and corporate funds, as well as the attractiveness of staking yields, ETH's position in the digital asset landscape is continually solidifying.
Analyst: A once-in-a-decade bull market signal has emerged, key resistance level awaits breakthrough
Crypto analyst Kevin pointed out that Ethereum is showing a 'once-in-a-decade' bullish signal combination, with these technical patterns and indicators never appearing simultaneously in ETH's history.
From a technical perspective, two months ago, when ETH sentiment was at a multi-year low, a rare demand candlestick pattern appeared on the monthly K-line (historically often indicating a significant rebound), and multiple momentum indicators rebounded from the oversold zone:
The monthly stock RSI shows a 'V-shaped reversal', and the MACD histogram has been tightening since the end of 2019, with whale funds rebounding from historical lows. Additionally, ETH's dominance and the ETH/BTC monthly chart are also showing multiple bullish signals, which are considered to mark the entry of ETH into a long-term strong phase, leading altcoins to rise.
However, Kevin emphasizes that ETH has not yet entered a complete price discovery phase, and the key resistance level remains the historical high of $4850. 'Do not chase the four-year main resistance level,' he warns, and suggests waiting for a breakthrough in the high time frame above the $1.71-1.72 trillion 'Total 2' market cap area to confirm a low-risk upward trend.
Macroeconomic easing is in place, but caution is needed regarding pullback risks
The current macro environment is favorable for cryptocurrencies: data from the Chicago Mercantile Exchange FedWatch shows that the market expects a probability of over 90% for the Federal Reserve to cut interest rates in September, with further cuts possible in October and December. The combination of loose monetary policy and expected technical breakthroughs is seen as the 'perfect recipe' for altcoins to strengthen.
However, analysts also caution about risks: macro shocks may weaken momentum, and investors should focus on pullback opportunities rather than chasing highs. As of the time of writing, ETH is priced at $4624, just a step away from its historical high; the energy of the once-in-a-decade bull market signal has yet to be fully released - breaking through $4850 may open up a new round of upward space.
