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Ethereum's native asset has broken the $4,000 mark for the first time in eight months, briefly reaching a high of $4,055 during intraday trading. This key psychological milestone leaves the cryptocurrency just about $900 away from its all-time high of $4,867 set in November 2021.
Institutions and ETFs drive the price surge
ETH price has soared significantly, rising over 44.5% in the past month. In the past week, ETH price rose 7.9%, and increased by 2.6% in the last 24 hours. Since April 21, the ETH to Bitcoin price has risen by about 90%.
The main factors driving the recent rebound seem to be twofold: a surge in institutional accumulation and strong inflows into spot Ethereum ETFs.

Solana continues to oscillate between bullish and bearish momentum without a clear breakthrough in a specific direction. During this time, both resistance and support levels have been repeatedly tested, but no significant results have emerged, contributing to the formation of the head and shoulders pattern. With this development, Solana's price is currently heading toward one of two possible directions, both of which could have a significant impact on investors in this altcoin.
The head and shoulders pattern of Solana may trigger a rebound
Cryptocurrency analyst Melikatrader pointed out that Solana has completed the head and shoulders pattern on its daily chart. This pattern can develop in any direction, but for Solana, considering its recent price performance, it may signal a stronger bullish trend rather than bearish.

During Bitcoin's [BTC] recent rebound, over 120,000 BTC were acquired between $112,000 and $114,000, reflecting opportunistic accumulation.
As of the time of writing, BTC is hovering around $116,377 after breaking the key resistance level of $115,000. Despite significant capital inflow, long-term holders made a profit of $44.5 million in the past 48 hours, indicating that market confidence remains fragile.
According to Glassnode data, supply in the range of $110,000 to $116,000 remains scarce, creating an 'air gap' that limits reliable support.

Ethereum price finds support near $3,650 and begins a new round of increases. ETH is rising and may soon break above $3,920.
Ethereum starts to rise again, breaking above the levels of $3,750 and $3,800.
The price trades above $3,800 and the 100-hour simple moving average.
A bullish trend line has formed on the ETH/USD hourly chart, with support at $3,820 (data provided by Kraken).
If the currency pair can maintain the support level above $3,750 in the short term, it may begin a new round of increases.

Bitcoin price is trying to break through the resistance level of $114,200. BTC is currently in a consolidation phase and may attempt to break through the resistance level of $115,500.
Bitcoin has started a recovery wave above the $113,500 area.
Trading price is above $114,000 and the 100-hour simple moving average.
On the hourly chart for BTC/USD, the bearish trend line has been broken, with resistance at $114,300 (data from Kraken).
If it breaks through the resistance area of $115,500, this currency pair may start to rise again.
Bitcoin price is trying to recover.
Bitcoin price found support near $112,000 and initiated a rebound. BTC successfully broke through the resistance levels of $113,500 and $114,200.

Ethereum [ETH] has been range-bound since reaching $3,900, and the current price is at a key pivot point.
A drop of 10% from the high looks like a typical correction, clearing out weak bulls and cooling off overheated funds.
Open interest amount has suffered a $10 billion hit.
It is evident that in just ten days, open interest has evaporated by over $10 billion. This is a significant risk reduction overall.
Furthermore, we have seen realized profits exceeding $1 billion consecutively, indicating that profits (rather than panic) are the main driving force.

The on-chain fundamentals of Solana [SOL] remain resilient.
As of the time of writing, its total locked value (TVL) has increased by 2.67% in the past 24 hours, user retention rates remain stable, protocol-level throughput continues to expand, and the stablecoin growth rate reaching 500% is clear evidence.
Structurally, the ecosystem seems intact. However, the price trends have diverged. SOL fell nearly 10% this week, underperforming its L1 peers and leading the top five in weekly declines.
What is the background? Aggressive deleveraging.
In the past two weeks, open interest has evaporated by more than $4 billion. Interestingly, the open interest evaporation for Ethereum [ETH] reached as high as $10 billion, coupled with continuous outflows from ETFs.

Solana has opened a new round of upward movement above the $162 area. The price of SOL is currently consolidating its gains and may aim for further upward movement above the $172 area.
The price of SOL has started to rise again, breaking through the exchange rates of $160 and $162 against the US dollar.
The current price is above $162 and the 100-hour simple moving average.
On the hourly chart for SOL/USD, a key bullish trend line is forming, with support at $165 (data sourced from Kraken).
If the resistance area of $172 is broken, this currency pair may begin a new round of upward movement.
The price of Solana is expected to rise to $180.

Japanese company Metaplanet announced its latest Bitcoin acquisition. This purchase coincides with the overall cryptocurrency market rebounding from recent lows. This reflects that despite market volatility, institutional investors remain confident in Bitcoin.
Metaplanet's latest purchase of Bitcoin
Metaplanet disclosed that it has additionally purchased 463 bitcoins at an average price of about $115,895 each, totaling an investment of approximately $53.7 million. Thanks to this acquisition, the company's total Bitcoin holdings have now reached 17,595, valued at about $1.78 billion. The company's Bitcoin yield of up to 459.2% so far this year demonstrates the effectiveness of its capital management strategy.

Conflux [CFX] has shown strong performance, achieving an extraordinary increase in July. The L1 blockchain native token surged by as much as 297%, rising from a low of $0.07 in July to a high of $0.28.
For bullish CFX traders, the volatility high could be a pain point, as the token immediately retraced to $0.18 on July 29.

The price action over the past ten days resembles consolidation rather than a bullish trend. Therefore, even if the market structure favors buyers, traders should remain cautious of volatility.
AMBCrypto explains the reasons using the symmetrical triangle pattern.

Driven by strong buying interest, the XRP price once surged to a 7-year high but then retreated, seeking new support levels. This trend is driven by widespread bearish sentiment, which has plagued the market as Bitcoin price struggles to return to its historical high, once again putting altcoins at risk. The XRP price itself faces unique resistance, especially in terms of buying, which may trigger a new round of declines.
Future trends of XRP price
Cryptocurrency analyst Thecafetrader highlighted the possible trends after the XRP price decline. These trends include bullish and bearish, depending on buyers and their level of importance on their positions during this period.

Despite a significant decline in the overall cryptocurrency market prices, Ethereum has also experienced a period of consolidation over the past ten days.
ETH has successfully maintained stability, demonstrating resilience, but has not yet reached its absolute reversal point. This point is crucial for triggering a broader price change.
Ethereum has a long way to go
The actual price of Ethereum relative to its activity ratio is showing an important threshold for the current rebound. This ratio indicates that Ethereum's current upward resistance level is at $4,500, which has been an important resistance level in past market cycles. Notably, this price point has served as a resistance level in March 2024 as well as during the 2020-2021 market cycle.

A key day has just concluded. The Federal Reserve kept interest rates unchanged at 4.25-4.5%. This completely aligns with expectations following the core CPI increase of up to 0.3% in June.
Powell's pause on rate cuts has led to stagnation in Bitcoin prices—has the upward trend ended?
As expected, Bitcoin [BTC] is maintaining range-bound fluctuations below the $120,000 resistance level, consolidating in a narrow range. On the surface, it seems that bulls are absorbing the volatility well.
But in reality, long-term holders have already begun to cut positions. Does this mean that long-term bonds are leading indicators of macroeconomic headwinds that the broader market has yet to digest?

The price of Cardano starts a new round of increases from the $0.7280 area. ADA is currently in an upward trend and may attempt to break through the $0.80 area.
ADA price starts to rise again from the support area of $0.7280.
Price is below $0.80 and the 100-hour simple moving average.
On the hourly chart of ADA/USD, it broke above the key bullish trend line, with resistance at $0.7710 (data source: Kraken).
Once the $0.80 area is broken, the pair may begin a new round of increases.
The price of Cardano is expected to rise steadily.
Cardano found support around the $0.7280 area, similar to Bitcoin and Ethereum, after a significant drop. ADA formed a bottom above the $0.730 area and began to rise sharply.

Bitcoin price is still above the support level of $117,500. BTC is rising and may attempt to break above the resistance level of $118,600 to gain bullish momentum.
Bitcoin has been steadily rising from the $116,000 area.
The trading price is close to $118,500 and the 100-hour simple moving average.
A bearish trend line has formed on the hourly chart of BTC/USD, with resistance at $118,620 (data from Kraken).
If the resistance zone at $118,620 is broken, the currency pair may start rising again.
Bitcoin price is expected to break upward.
Bitcoin price started a downward correction from the high of $119,796. BTC broke below the support levels of $119,000 and $118,500, entering a short-term bearish zone.

Despite Bittensor [TAO] rising 35% over the past three weeks, its trading price remains below the long-term resistance level of $500.
The bearish divergence between price trends and asset momentum has led to a price reset of 11%.
In the lower time frames, TAO seems to be consolidating. Over the weekend, the price movement was confined between $425 and $435.
The price of Bitcoin [BTC] fell by 0.65% on July 28, which did not help Bittensor bulls.
Planning the future development direction of TAO
Investors and traders can be reassured as both weekly and daily volatility structures are bullish. The June high of $443 was broken in early July, laying the foundation for the token to rise to a local high of $489.

Bitcoin strongly rebounded early today (28th), regaining $119,000, continuing the counterattack momentum that has developed from the two-week low, which also instantly warmed the previously dull market atmosphere. Analysts pointed out that as market momentum is regrouping, Bitcoin may face "intense fluctuations," reminding investors to enhance risk control and closely monitor the upcoming key support and resistance areas.
According to TradingView data, "BTC/USDT" is challenging an important short-term technical range, attempting to recover the 10-day simple moving average (SMA), trying to maintain the bullish setup that started from the rebound of $114,500, allowing the market to temporarily shed the shadow of the recent large-scale sale of Bitcoin by the 'ancient whale.'

BitMEX co-founder Arthur Hayes is increasing his holdings of 2.16 million Ethena (ENA) tokens with a $1.06 million investment, further bolstering his cryptocurrency assets. This move comes after the announcement on Thursday of a partnership with Anchorage.
Arthur Hayes accumulated $1 million worth of Ethena (ENA) in his latest purchase.
On Thursday, cryptocurrency investor Arthur Hayes purchased 2.16 million ENA tokens, worth approximately $1.06 million. Notably, this purchase occurred the day after Ethena and Anchorage Digital reached a collaboration to launch its stablecoin in the U.S. under the recently passed GENIUS Act.

Amid ongoing market adjustments, Hyperliquid [HYPE] shows signs of a potential reversal.
Speculation arose when the price reached the recent breakout and the trend line that has provided strong support since May 2025.
Hyperliquid trading volume is on the rise
As of the time of writing, HYPE is trading at approximately $42.40, having decreased by 4.10% in the past 24 hours.
Potential reasons behind this decline include high prices, the continued rise of Bitcoin's dominance, and the current market structure.
During this period, investors and traders have shown strong interest, leading to a 30% spike in trading volume compared to the previous day.

According to The Block's report on July 23, the past week has seen the validator exit queue for Ethereum overcrowded, with approximately 521,000 ETH (about $1.9 billion) waiting to be unstaked, requiring patience to wait eight to nine days, marking the longest wait time since early 2024.
Meanwhile, on the other side, the entry queue is also not to be underestimated, with over 359,500 ETH (about $1.3 billion) waiting to join staking, with a wait time of up to six days.
What does this wave of inflows and outflows reveal?
Reports indicate that the phenomenon of burning at both ends reflects the polarized dynamics of the Ethereum market. On one hand, some stakers may be eager to cash in profits as the price of Ether has surged more than twice since its low in April, leading to a bottleneck in the exit queue. On the other hand, the clarity from the U.S. Securities and Exchange Commission (SEC) stating that Ethereum and Ethereum staking do not constitute securities has attracted institutional investors and new funds, raising the enthusiasm for entering the staking queue.