Recently, the Ethereum (ETH) market has been on fire, with prices breaking through the $4,600 mark, welcoming a strong rebound after a long absence. Behind this is not only the bullish support from the technical side but also the massive inflow of institutional funds, especially the spot ETF inflow, which set an astonishing record of $1 billion in a single day.
At the same time, the total market capitalization of stablecoins has surpassed $270 billion, further solidifying USDC's dominant position in the Ethereum ecosystem, while USDT is making 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, helping you seize new market opportunities!
Ethereum (ETH) has exploded: prices are sprinting to $4,600, with ETF funds surging, igniting the market.
Speaking of recent Ethereum, it is truly 'rising rapidly'! After a long period of consolidation, ETH finally broke through the $4,600 mark on Tuesday, making a strong push towards the historical high of $4,878. Compared to Bitcoin (BTC) and Ripple (XRP), Ethereum has performed more 'impressively', especially in terms of capital inflow.
In the last day, the inflow of funds into the Ethereum spot ETF reached an astonishing $1 billion, setting a record for the largest single-day inflow ever! According to the authoritative data platform Messari, since the beginning of the year, Ethereum ETFs have cumulatively attracted $8.2 billion, accounting for approximately 1.5% of ETH's total market capitalization.
This is quite a significant figure, indicating strong interest and confidence from institutional investors in ETH. In contrast, although the inflow scale of Bitcoin spot ETFs is larger, reaching $19.4 billion since the beginning of the year, it only accounts for 0.8% of BTC's market capitalization.
In other words, Ethereum's relative capital attraction is almost twice that of Bitcoin, which undoubtedly suggests that investor sentiment is shifting towards ETH.
The technical outlook is bullish, and it is expected to challenge $4,800 and higher levels in the short term.
The technical aspect of Ethereum's price is also very strong. The market shows that ETH has surged from a support level of $4,150 to around $4,635, and has securely crossed above the 100-hour moving average and an important bullish trend line. The current key support level is at $4,400, with resistance between $4,650 and $4,750.
From a technical indicator perspective, both MACD and RSI show strong bullish momentum, especially with MACD continuously exerting strength in the bullish zone and RSI remaining above 50, indicating ample market buying interest. If the price can break through the resistance at $4,750, it is highly likely to challenge $4,800 or even higher in the coming days.
In other words, Ethereum not only has institutional funds 'protecting' it in the short term, but its technical chart is also gaining momentum for subsequent new highs, resulting in overflowing investor confidence and an increasingly strong bullish atmosphere.
Publicly listed companies are making significant purchases, and institutional layouts for ETH are deepening continuously.
Not only retail investors but also institutions are increasing their positions in Ethereum. Recently, publicly listed companies are embracing ETH.
SharpLink appoints Ethereum co-founder Joseph Lubin as chairman, holding over 360,000 ETH.
BitMine has completed the transition from Bitcoin mining to the Ethereum treasury, holding over 120,000 ETH.
Bit Digital is betting heavily on Ethereum, accumulating over 120,000 ETH.
Even more surprisingly, since June, institutional investors have increased their holdings of approximately 25 million ETH, which is far from short-term speculative behavior but rather a strategic allocation, indicating that institutions are recognizing Ethereum's potential as a long-term value asset.
The market capitalization of stablecoins has exceeded $270 billion, with USDC surpassing USDT on Ethereum!
With the bullish backdrop of Ethereum, the stablecoin ecosystem is also welcoming new opportunities.
As of the time of writing, the global total market capitalization of stablecoins has surpassed $271.1 billion, setting a new historical high.
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 this detail; the reason USDC can lead in the Ethereum ecosystem is due to its deep integration with DeFi projects, transparent regulatory reserves, and the strong support from Circle.
Data shows that the average daily transfer amount of USDC on Ethereum exceeds $20 billion, while the transfer amount of USDT on the same chain fluctuates between $12 billion and $15 billion. Meanwhile, the activity of USDT has shifted more towards chains like 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, causing the number of USDT-TRC20 transactions to exceed 1 million within a week, reaching the highest level in months.
It seems that the active participation of retail investors and the support from exchanges have made TRON the strongest 'engine' for USDT.
The new USD1 debuts, and its regulatory advantages might bring new opportunities.
Following USDT's record 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 one-dollar stablecoin was issued - a stablecoin that has just received regulatory approval in the United States, launched under the new (GENIUS Act) framework. Although its current market capitalization and trading volume are still relatively small, USD1 is gradually gaining market favor due to its fully regulated structure.
This 'legitimate compliance' background makes USD1 a good choice for investors looking to avoid risks. As the market's demands for the security and compliance of stablecoins grow, USD1 is likely to carve out a place in the fiercely competitive stablecoin market in the future.
Summary | The triple benefits of institutions, technology, and regulation are making ETH's bull market gradually reach a favorable situation.
In summary, Ethereum is ushering in a bull market phase with multiple benefits overlapping.
Institutional funds are pouring in, with ETF single-day funds breaking through $1 billion, and capital inflows pushing prices higher.
The technical trend is strong, and in the short term, it is expected to challenge the historical high of $4,800.
The stablecoin ecosystem is developing rapidly, with USDC achieving a leading position on the Ethereum chain, and USDT also performing actively on TRON.
New regulatory policies have been introduced, promoting the compliant stablecoin USD1 to enter the market, leading the industry toward standardization.
For investors, Ethereum is not only a popular asset with strong technical and financial backing but also the core chain for institutional strategic allocation and future DeFi and tokenized assets. Holding steadily and buying on dips may be a wise choice for the upcoming period.
Friends in the crypto world, don't miss this wave of market trends and ecological opportunities! Whether you are a technical expert or a capital expert, this summer, both Ethereum and stablecoins are worth continuous attention. Remember to stay calm, allocate assets reasonably, and look forward to the next wave of bull market.
Many people understand trends, but few follow the right rhythm.
The crypto world changes quickly, with opportunities and risks coexisting. Learning to enter and exit strategically, protecting capital, is essential for steady progress and wealth growth.
Remember to DYOR, manage risks well, and wish everyone smooth sailing in the crypto world!
