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📣 Binance Market Update: BTC & ETH 🔥

Bitcoin ($BTC );

• Trading around $108k, slightly pulled back (~–1%) after recent highs near $110k. Volume looks stable as BTC forms a bullish flag—a potential breakout pattern signaling further upside toward $114k–$120k .
• Intraday support sits near $107k, with a key demand zone between $100k–$103k validated by big ETF inflows (~$4.5 bil in July) .
• Technical signals suggest a possible 25% rally toward $143k, if BTC clears the $114k resistance on strong institutional/assets flows .

Ethereum ($ETH );

• Currently at $2,520, down ~2% from the peak of $2,600; midday range is $2,480–$2,585 .
• On‑chain metrics show sustained accumulation (exchange supply ~17.1 M ETH), signaling long-term holder confidence .
• Technically coiling in a descending triangle with resistance at $2,600–$2,650; breakout could propel ETH to $2,750–$3,000 .
• Institutional interest is heating up—spot ETH ETFs are gaining traction, and the Bitwise CIO calls for “explosive growth” in H2 2025 .

Give opinions 😕

🟣 Ethereum ($ETH )

Signal #1: $ETH

/$BTC

Ratio – Undervalued & Bullish

The ETH/BTC ratio has entered an "extremely undervalued" zone—a strong historical indicator for upcoming ETH strength . Additionally, technical analysts flagged a descending broadening wedge and bullish divergence in the ETH/BTC chart, hinting at a possible breakout and the onset of an "altseason" .

Signal #2: Consolidation & Support Levels

ETH is currently trading at $2,516, below its 20-day EMA—indicating short-term bearish momentum. Immediate support lies around $2,424, with conviction above $2,745 needed to reignite bullish momentum .

Upside Potential

If the ETH/BTC ratio breaks higher, ETH could reclaim $3,000, possibly reaching $3,500+, in line with forecast models .

Long-term milestones include targeting $5,000–$6,000 on continued ecosystem growth, whale accumulation, and staking trends .

Risks: prolonged ratio consolidation, macro headwinds, or failure to hold key supports near $2,424.

Signal #1: Key Resistance Breakout

Bitcoin is hovering around $108 k, facing a critical resistance at $114 k. Analysts from Rosenberg Research project that a successful breakout above this level could lead to an impressive 25% rally, potentially reaching $143 k .

Signal #2: Dormant $BTC
Wallet Movements

Recently, wallets untouched since 2011 holding 10,000 BTC each became active. While no liquidations are confirmed, movements of such magnitude may signal accumulation—or possibly prelude distribution. Given Bitcoin's ~16% YTD gain and strong ETF inflows, this could trigger volatility .

Upside Potential$

Base-case breakout above $114 k → target ≈ $143 k (~+33%).

Sustained institutional momentum & ETF inflows could propel BTC to $200 k in the next 12 months (45% surge from here) .

Risk factors: failure to maintain support near $106 k, or a downside breach below $100 k, may pull prices toward $92–$100 k .