After months of underperforming in comparison with BTC USD, Ethereum crypto is now in focus. Not solely has it been resilient, absorbing promoting stress, however after the frustration in H1 2025, the coin is on the cusp of breaking 2021 highs. At spot charges, ETH USD is buying and selling above $4,500 after surging to over $4,900 over the weekend. Though costs have been rejected and fell to present ranges, the uptrend stays.
From the day by day chart, BTC USD has discovered key help across the $110,000 degree. Notably, the drop seen up to now few hours immediately is a continuation of the sell-off posted on August 24, when bears utterly reversed the positive aspects of August 22. Technically, so long as BTC USD is capped under $118,000, bears are in management, and so they might pierce via $110,000 in a bear pattern continuation, confirming losses from August 14.
(Supply: TradingView)
In the meantime, ETH USD bulls are optimistic. Based mostly on Coingecko knowledge, Ethereum crypto is up 22% up to now month and a powerful 67% within the final yr of buying and selling. Regardless of the shakeout in Bitcoin over the weekend, ETHUSDT is up practically 8% within the final week of buying and selling.
Technically, the positive aspects of August 22 outline the short-term worth motion. Consumers have the higher hand so long as costs pattern above $4,200, the low of August 22. As soon as $4,900 breaks, ETH USD will enter new territory, presumably setting a strong basis for a leg as much as $10,000.
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Bitcoin Bulls Dominate as Liquidity Dries Up
Whereas confidence is excessive amongst Ethereum holders, merchants needs to be cautious, contemplating Bitcoin’s excessive market dominance. As of August 25, Bitcoin controls 56% of the overall crypto market, whereas ETH crypto has risen to 14%. This excessive market dominance implies that if Bitcoin drops under crucial help ranges, equivalent to $110,000, the percentages of BTC USD dragging different altcoins, together with a number of the high Solana meme cash, are excessive.
The percentages are stacking up in opposition to Bitcoin. In accordance with Glassnode, as of August 25, all Bitcoin cohorts, from small retail holders to whales, are in distribution mode, promoting or getting ready to promote. Analysts word that these holding between 10 and 100 BTC are main the cost.
(Supply: Glassnode by way of X)
A number of components, together with profit-taking after the current surge to new all-time highs, may drive this broad sell-off. Macroeconomic uncertainties, equivalent to softening labor markets and rising inflation, are additionally concerns. Although the Federal Reserve may take into account slashing charges in September, BTC USD may face immense promoting stress from holders within the quick time period.
As holders promote, onchain knowledge exhibits that Bitcoin liquidity can be falling. The Spent Quantity metric, which measures the overall worth of BTC transacted day by day, is shrinking, averaging 529,000 BTC within the final week. This drop means that draw back momentum might wane, although analysts advise merchants to proceed cautiously.
GM!
Spent Quantity (BTC)- the overall quantity of cash spent per day. This metric displays liquidity circulate, although it stays delicate to inside transfers by exchanges and providers. This week, its common worth dropped to a minimal of 529K BTC per day.
This means that the… pic.twitter.com/h390vBjFCj
— Axel
Adler Jr (@AxelAdlerJr) August 23, 2025
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Institutional Shift to Ethereum: A Boon for ETH USD?
Apart from declining liquidity, giant sellers are lively throughout all main exchanges. One analyst observes that many of those sellers are unaware of time-weighted common worth (TWAP) methods, including to the volatility.
It’s a bit regarding that giant sellers are exhibiting up on exchanges who don’t appear to find out about TWAP.
Total, CEX Netflow continues to be inexperienced, but it surely’s getting near the purpose the place sellers will outnumber patrons.Proper now can be the right time for Saylor & Co. to step up… pic.twitter.com/nOxmf8eVDw
— Axel
Internet circulate to exchanges stays constructive, which is bearish for 
BTC ▼-2.69% since extra cash parked at exchanges usually tend to be offered for money or blue-chip altcoins, primarily ETH and different finest cryptos to purchase.
That is taking place, as analysts word that extra establishments are pivoting to ETH. Final week, Bitmine, the Ethereum Treasury Firm led by Tom Lee, a recognized Bitcoin bull, purchased $2.2 billion price of ETH. The agency now holds over 1.71 million ETH and 192 BTC.
NEW: Tom Lee explains how $6.6 billion in Ethereum generates over $200 million in internet revenue.
"Should you maintain $ETH and also you comply with stake it and validate transactions, you earn the staking charge, which is 3%."
He plans to make use of the revenue to pay BitMine holders a money dividend.… pic.twitter.com/DrLMAJ3Fgl
— CryptosRus (@CryptosR_Us) August 22, 2025
In accordance with Lee, due to this substantial stash, Bitmine generates over $200 million in internet income from staking.
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BTC USD Falls As Ethereum Surges: Will ETH USD Break $5K?
BTC USD hovers round $110,000 help
ETH USD is up 22% in a month, buying and selling above $4,500
Bitcoin holders seeking to dump BTC
Bitmine purchased $2.2 billion of ETH final week
The put up BTC USD Feels the Strain as Massive Gamers Shift to Ethereum: What’s Subsequent? appeared first on 99Bitcoins.
