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

With the introduction of blockchain-friendly policies in the United States and Hong Kong, the on-chain of real-world assets has become an inevitable trend.
But currently, blockchain still has a few "shortcomings":
1️⃣ Can't understand what the transaction "wants to say"
Currently, the blockchain only records "who transferred how much money to whom," but does not know the purpose of the money, the identity of the parties involved, or the terms of the contract, lacking a layer of "written explanation."
2️⃣ All details are exposed to the sun.
Mainstream blockchains do not have encryption protection, and transaction data is public to everyone. It would be quite awkward to handle sensitive information such as payrolls and medical bills 😂
3️⃣ Missing compliance "voucher package"
Traditional remittances come with materials such as letters of credit and invoices, and the bank can only disburse funds after review. It is currently difficult for blockchain to bring structured proofs on-chain.
To address the above shortcomings, Mind Network has launched an on-chain encrypted messaging protocol (Encrypted Mes

The market capitalization of the zone reached $1.024 billion today, with a clear rebound trend but attention is needed on the impact of a strengthening dollar. Among the top ten tokens by volume, $VIRTUAL and $TAO performed well. Projects like Byte AI, Bittensor, and Grok have significant updates, indicating ongoing technological advancements and intensifying competition.

Recently, the crypto assets market has shown significant fluctuations, with mainstream tokens like Bitcoin and Ethereum experiencing volatile trends, indicating signs of a bear market. Institutional accumulation and regulatory policies are important influencing factors, and it is advised that investors enter the market with caution. Various popular coins perform differently, and it is necessary to follow market dynamics and technical changes.

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.