Table of Contents:
Top 3 Ethereum-based Cryptocurrencies to Watch as ETH Eyes All-Time High
According to DE.COM, Ethereum-based altcoins are gaining momentum as the overall market sentiment improves, with Bitcoin and the total cryptocurrency market capitalization reaching new record highs. The technical outlook for the Solana-based meme coin Bonk (BONK), Ethereum-based Floki (FLOKI), and Ondo Finance (ONDO) suggests significant gains as the likelihood of a trend reversal increases.
- BONK: Bonk is up 2% at the time of reporting, continuing its uptrend for the third consecutive day. The meme coin is consolidating between the 50% and 61.8% Fibonacci retracement levels at $0.00002350 and $0.00002958, respectively. Safety Shot, a NASDAQ-listed company, has announced plans to establish a $25 million digital asset treasury in BONK, which could boost risk appetite among retail investors. If BONK closes decisively above $0.00002958, it could extend its rally to the 78.6% Fibonacci level at $0.00004105, representing a 46% increase from the current market price. However, a drop below $0.00002350 would invalidate the uptrend.
- FLOKI: Floki is up over 2% and has printed its third green candle after rebounding from the 50-day EMA. Bulls are maintaining dominance above the 23.6% Fibonacci level at $0.0001031. The primary resistance is at the 38.2% Fibonacci level at $0.0001388, with a decisive close above potentially testing the 50% retracement at $0.0001677. The RSI is at 56, indicating room for growth as buying pressure increases. A drop below the 200-day EMA near $0.0001000 would invalidate the bullish outlook.
- ONDO: Ondo Finance has gained 3% and is targeting the 38.2% Fibonacci level at $1.195. A bullish run has led to a Golden Cross between the 50- and 200-day EMAs. The RSI is at 64, approaching the overbought zone. A clear move above $1.195 could extend the rally toward $1.355, aligning with the 50% retracement level.
| Token | Key Level | Potential Upside |
|---|---|---|
| BONK | $0.00002958 (breakout), $0.00004105 (target) | +46% |
| FLOKI | $0.0001388 (resistance), $0.0001677 (target) | Short-term bullish |
| ONDO | $1.195 (breakout), $1.355 (target) | Short-term bullish |
Summary: Ethereum-based tokens are showing strong technical setups, with institutional interest and technical indicators supporting further gains. (Source: DE.COM)
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Ethereum: Price Explosion or Significant Sell-Off?
Sharedeals.de reports that Ethereum experienced a temporary price drop on Thursday, but analysts remain highly optimistic. Standard Chartered recently raised its year-end price target for Ethereum to $7,500, up from the previous $4,000. The bank also forecasts $12,000 for 2026, $18,000 for 2027, and $25,000 for 2028 and 2029. The optimism is attributed to Ethereum entering an adoption cycle similar to Bitcoin's in previous years.
- Despite the recent dip, the correction is seen as a healthy movement after a strong rally in recent weeks.
- Standard Chartered's bullish outlook is based on increasing investor adoption and a positive regulatory environment in the US.
Summary: Standard Chartered projects a strong long-term outlook for Ethereum, with price targets reaching up to $25,000 by 2029. (Source: sharedeals.de)
Ethereum: Institutional Gold Rush Unleashed
Börse Express highlights a massive influx of institutional capital into Ethereum. Over $2 billion flowed into Ethereum ETFs in just three days, with $729 million entering on Wednesday alone—a record surpassed only once before. BlackRock and Fidelity are leading this capital wave, and demand for regulated Ethereum products currently exceeds that for Bitcoin ETFs.
- Corporations are also adding Ethereum directly to their balance sheets, following the example of BitMine Immersion Technologies.
- Ethereum broke through the $4,700 mark, approaching its all-time high, and triggered a liquidation wave of over $127 million in short positions.
Summary: Institutional demand for Ethereum is at an all-time high, driving prices up and signaling potential for new record highs. (Source: Börse Express)
Ethereum Price Forecast: Validator Exits and Strong PPI Trigger Correction
Mitrade reports that Ethereum's validator exit queue surged to 727,000 ETH, one of the highest values in the past year, with a value exceeding $3.2 billion and a waiting time of about twelve days. This spike came less than 24 hours after Ethereum neared its all-time high. The exits outpace the 277,000 ETH waiting to enter staking.
- ETH fell by 5% on Thursday after a stronger-than-expected US PPI for July triggered profit-taking and halted the uptrend.
- ETH must hold support at $4,500 to attempt another breakout toward the all-time high of $4,868. A failure could see a retest at $4,100.
- In the last 24 hours, $346 million in futures liquidations occurred, with $276 million in long liquidations.
- ETH ETFs recorded $729 million in net inflows on Wednesday, with over $3 billion in the last seven trading days. Treasury firms have accumulated 2.5 million ETH since early June and plan to expand holdings by billions more.
| Metric | Value |
|---|---|
| Validator Exit Queue | 727,000 ETH ($3.2 billion) |
| ETH ETF Net Inflows (Wed) | $729 million |
| Futures Liquidations (24h) | $346 million |
Summary: Despite a sharp correction, strong ETF inflows and institutional accumulation support a bullish long-term outlook for Ethereum. (Source: Mitrade)
Ethereum Nears All-Time High – Just the Beginning?
Der Aktionär reports that Ether continued its recovery rally, trading 5.5% higher at $4,650, just 5% below its record high from November 2021. Standard Chartered has raised its year-end price target to $7,500, citing surging institutional demand. Since early June, companies and ETFs have acquired 3.8% of all circulating ETH, nearly double the fastest Bitcoin accumulation phase by institutions during the 2024 US election cycle.
- Vitalik Buterin plans to increase Ethereum's Layer-1 throughput tenfold, enabling more high-value transactions on the main chain.
- The GENIUS Act, passed in July, provides a clear regulatory framework for stablecoins, with Standard Chartered forecasting stablecoin market capitalization to reach $2 trillion by 2028.
- ETH holds a 65% market share in DeFi's total value locked.
- Analysts expect ETH to outperform Bitcoin, with the ETH-BTC ratio projected to rise from 0.036 to 0.05.
- Glassnode notes that ETH faces key resistance near its previous all-time high, but a breakout above $4,750 could trigger a new price discovery phase.
Summary: Ethereum is on the verge of a new all-time high, driven by institutional demand, technical upgrades, and regulatory clarity. (Source: Der Aktionär)
Ethereum: Sluggish Business?
Börse Express notes that Ethereum is under pressure following a higher-than-expected US Producer Price Index, which dashed hopes for imminent Federal Reserve rate cuts. Ethereum dropped below the critical $4,500 mark after previously reaching a new high of $4,788. The sharp decline triggered $346 million in forced liquidations in the futures market, with $276 million affecting long positions.
- The validator exit queue has swelled to over 727,000 ETH, signaling profit-taking after the recent rally.
- Despite falling prices, investor interest in Ethereum has surged, with "market mindshare" rising by nearly 85% in the past week.
- Technical indicators had previously signaled overbought conditions, suggesting a consolidation was likely.
Summary: While Ethereum faces short-term pressure from macroeconomic shocks, investor interest remains high, and technical indicators point to a period of consolidation. (Source: Börse Express)
Sources:
- Top 3 Ethereum-basierte Kryptowährungen zum Kauf, während ETH ein Rekordhoch anstrebt
- Ethereum: Kursexplosion oder deutlicher Abverkauf?
- Ethereum: Institutioneller Goldrausch entfesselt
- Ethereum-Kursprognose: Anstieg der Validator-Exits und starker PPI-Wert lösen Korrektur aus
- Ethereum vor Allzeithoch – erst der Anfang?
- Ethereum: Schleppende Geschäfte?
