Abstract: Analyzing the key drivers behind the recent significant rise of ETH.
Author: Biteye Core Contributor @viee7227
Ethereum has been around for ten years, with its ups and downs. Just as the market is heating up again, the price of ETH seems to be just a step away from its historical high.
This article analyzes seven major dimensions including institutional accumulation and ETF craze, foundation changes, K-line technical indicators, on-chain data, RWA and the rise of stablecoins, and roadmaps. Perhaps this rise of ETH has only just begun.
1. ETH Concept Stocks
Recently, the ETH market has seen unusually strong buying, with several listed companies and asset management institutions actively increasing their holdings, even incorporating ETH into their financial strategic core. At the same time, ETH reserve concept stocks have surged, becoming the new favorites in the US stock market.
The iconic event that triggered Wall Street's embrace of Ethereum was the high-profile bet on ETH by Thomas Lee, a well-known strategist and co-founder of Fundstrat.

Today's zone market capitalization: $10.31B -4.91%
August has arrived, starting with a decline. How will it end? The ecological construction of the zone is still ongoing and diversified.
📈 Top 10 24h Coingecko Trading Volume:
Token Trading Volume Market Capitalization Price Volatility
1- $VIRTUAL $142.0M $808.6M $1.23 -9.2%
2- $TAO $136.8M $3.4B $350.95 -6.2%
3- $AI16Z $71.0M $139.1M $0.13 -10.0%
4- $SAHARA $68.3M $161.6M $0.08 -3.0%
5- $BANANAS31 $46.3M $73.6M $0.01 -2.4%
6-

Today's zone market capitalization: $10.81B +0.89%
The zone has stabilized, and recently InfoFi and Meme Launchpad have become a red ocean, with many AI popular ecosystems also joining.
📈24h Coingecko Trading Volume Top 10:
Token Trading Volume Market Capitalization Price Volatility
1- $VIRTUAL $178.8M $889.0M $1.36 +0.1%
2- $TAO $164.7M $3.6B $373.74 -1.2%
3- $SAHARA $79.0M $166.3M $0.08 -1.7%
4- $BANANAS31 $73.8M $74.9M $0.01 -0.8%
5- $AI16Z $71.4M $154.1M $0.14 +0.1

The current Crypto Assets market is volatile, with clear oscillation trends for BTC and ETH, and a standoff in the futures market. Institutions are increasing their holdings of BTC and ETH, and related ETFs have been approved, with market movements awaiting the influx of funds. In the short term, it is necessary to follow the resistance levels and support levels of each coin, and operate cautiously.

The crypto market experienced a pullback today, with a market capitalization of $1.072 billion. The top ten tokens by volume have all seen a fall in the last 24 hours. Key news includes Luna launching a meme coin launch platform, the $GAIA project going live on Binance Alpha, and Bittensor releasing a fine-tuning model TREAT-2 for epigenetics. The overall market still needs to be observed.

Recently, the market has experienced significant fluctuations, the AI zone continues to develop, and the BNB ecosystem's AI MEME is active. Sympson has integrated into the Virtuals ecosystem, Manifold has completed a $10.5 million financing round, and Zhipu has released the open source integrated large model GLM-4.5. The market is optimistic about the prospects of decentralized Computing Power and open source models.

Market trends
The current cryptocurrency market exhibits the following characteristics:
1. The weakening of the dollar is beneficial for the cryptocurrency market, but the impact of interest rate policies is diminishing;
2. The market has entered a phase of stock game, where the chip structure becomes a key factor;
3. Citigroup predicts that Bitcoin may reach $135,000 to $200,000 by the end of the year;
4. The spot market is quiet, while the futures market is active, showing characteristics of a volume reduction and price increase.
5. From August to September, it may enter a consolidation period, but the long-term outlook remains positive. The market is shifting from narrative-driven to capital and chip games.
Mainstream coins
$BTC
Continuously accumulate in the 110K-117K range, with strong buying pressure, but be wary of adjustments after breaking below the resistance line. ETF inflows exceed 150 billion USD, providing fundamental support for a long-term bullish outlook. In the short term, pay attention to the liquidity area at 117.5K; a break below may lead to a 10% pullback.
$ETH
Recently, the market has been hot, with whales increasing their holdings and institutional activity frequent, but caution is required.

Today, the market zone market capitalization reached $11.82 billion, with a rise over the weekend, possibly indicating a bull run return. The Vibe Coding zone has been active frequently in Web2, and Web3 projects can be followed. Bittensor's AI investment management tool Kaigen is about to launch, while Cognition Labs is seeking over $300 million in funding, with a valuation potentially reaching $10 billion. Meanwhile, Geoffrey Hinton proposed the view that multimodal Bots are now conscious during the conference.

The current crypto assets market is dominated by institutions, with mainstream tokens receiving attention, making it difficult for retail investors to profit. Despite the overall volume decline, assets like Bitcoin are still seen as safe-haven assets. Market sentiment is complex, and volatility needs to be monitored in the short term.

The current crypto assets market shows strong resilience and high bullish sentiment, with the Bitcoin price maintaining at $117,000. Whale selling has not significantly impacted the market. Ethereum ETF inflows exceed those of Bitcoin, and there is frequent listing on exchanges, necessitating vigilance against regulatory risks and market overheating. Mainstream tokens such as BTC and ETH are exhibiting a bullish trend, but it is advised to participate cautiously and wait for clear signals.

More and more encryption trading platforms are launching US stock trading, allowing users to trade 24/7 with stablecoins. The article outlines various trading models, including third-party issuance, broker proprietary trading, and contract for difference, and analyzes the advantages and risks of each platform, such as liquidity risk, product nature, and the impact of trading hours.