🔎 Market overview
💰 ETH trades are stable between $4,300 – $4,500 after briefly touching levels close to $4,800 in August.
📈 The ETH/BTC ratio reached 0.71 → the highest level in 14 months, indicating the relative strength of Ethereum.
👥 The number of active addresses rose to 19.45 million (the highest since May 2021).
🏦 In the second quarter: Bitcoin ETF fund flows reached $28.5 billion compared to just $12 billion for ETH ETF.
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🏛️ Institutional drivers
🏢 Treasury companies now hold approximately 4% of the circulating supply of ETH.
⚖️ SEC and CFTC stance provides clearer regulatory vision and potential expansion through securitization services.
💵 The amount of stablecoins on the Ethereum network has reached $165 billion (controlling 57% of the market).
⚠️ BlackRock's transfer of $3.12 billion from ETH to Coinbase Prime raises liquidation concerns.
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📊 Trading-specific indicators
🔑 Key levels:
🟢 Support: $4,300
🔴 Resistance: $4,500
🎯 Breakout target: $4,800
📉 Technical indicators are mixed:
📊 Relative Strength Index (RSI): Neutral
📉 MACD: Bearish and weak momentum
📅 On August 29: The latest outflows from ETH ETF funds amounted to only 1.23 thousand ETH, compared to 6.34 thousand ETH on September 2.
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