Ethereum has recently shown strong upward momentum, successfully breaking through the important psychological level of $4,900, with a single-day increase of 2.13%. Currently, the price is fluctuating around $49,386, and the market is widely focused on its next move. On one hand, large holders continue to accumulate ETH. Since August 19th, wallets holding 10-10 million ETH have added 210,000 coins (worth $1 billion), and wallets holding 10-100 million ETH have added 140,000 coins (worth $668 million), demonstrating institutional confidence in Ethereum's long-term value. On the other hand, the Liveliness indicator has climbed to a monthly high above 0.70. Historical data shows that this phenomenon often foreshadows a short-term pullback risk. The market is currently at a critical crossroads, and analysts anticipate two possible scenarios: a short-term pullback or a break below the $5,500 mark. Despite profit-taking pressure, the large-scale accumulation may limit downside, creating a delicate balance between profit-taking and strategic buying. Overall, the cryptocurrency market saw a general upward trend, with Ethereum's strong performance becoming the focus of market attention. Investors need to pay close attention to subsequent fund flows and changes in technical indicators.
Ethereum price at a crossroads: Accumulated signals show market confidence amid risk of pullback.
Ethereum 's rally has become one of the strongest among major altcoins, but traders remain divided on its next move. The cryptocurrency is currently hovering around $4,770, with two possible scenarios: a short-term pullback or a breakout to $5,500. Both outcomes can be supported by on-chain dynamics.
Despite being near all-time highs, large holders continue to accumulate ETH. Since August 19, wallets holding 10-10 million ETH have increased by 210,000 ETH ($1 billion), while those holding 10-100 million ETH have increased by 140,000 ETH ($668 million). This implicit accumulation demonstrates institutional confidence in Ethereum's long-term value proposition.
In contrast to this bullish sentiment, the Liveliness indicator, which tracks the dormancy status of cryptocurrencies , has climbed above a monthly high of 0.70. Historically, such surges have foreshadowed localized pullbacks as long-held coins begin to move. However, large-scale accumulation may limit downside potential, creating tension between profit-taking and strategic buying.
Ethereum breaks through the $4,900 mark, and the cryptocurrency market rises across the board.
Ethereum rose 2.13% intraday, successfully breaking through the important psychological level of $4,900, indicating that the digital asset market has regained bullish momentum. According to OKX market data, the second-largest cryptocurrency was priced at $4,900.70 during the European trading session.
This milestone comes as institutional interest in smart contract platforms continues to rise, and the Ethereum network upgrade roadmap continues to drive developer activity. Market observers note that derivatives trading activity near key psychological price levels is increasing, and FSA (Financial Funds Analysis) shows a significant influx of funds into the Ethereum ecosystem.
Ethereum surged in August—but will the party end in September?
Ethereum's native token, Ether, surged about 20% in August, reaching $4,745 as of press time. The rally briefly pushed the price above $4,860 after Federal Reserve Chairman Jerome Powell delivered dovish comments at the Jackson Hole symposium—a move some traders see as a catalyst for further gains.
Historical data from CoinGlass suggests caution is warranted. Since 2016, Ethereum has seen three years where August gains were followed by September losses. In 2017, 92% of August gains were followed by a 20% September drop. Similar patterns appeared in 2020 (a 25% gain followed by a 17% loss) and 2021 (a 35% gain followed by a 12% pullback). Crypto trader CryptoGoos points out that September typically sees negative returns in years following halvings.
Market structure and participant composition have changed since these historical corrections. Notably, both the September declines in 2016 and 2020 were followed by months of recovery, with Ethereum ultimately closing strongly in those years. Whether current fundamentals can transcend seasonal trends remains a key question for traders.
Ethereum surges to a record high of $5,000, driven by institutional demand and increased regulatory clarity.
Ethereum surged to a new all-time high of $5,000, surpassing its previous high in November 2021. The rally accelerated over the weekend, with CoinGecko reporting a high of $4,945 on Sunday and CoinMark ETC tracking it at $4,948. As of press time, ETH is holding near $4,935, up 4% on the day.
This surge was triggered by dovish comments from Federal Reserve Chairman Jerome Powell regarding a potential rate cut, resulting in an 8% hourly jump on Friday. Ethereum also saw a 15% surge that afternoon, breaking its previous record of $4,878. Institutional holdings are strong – BitMine Immersion now holds $7 billion in ETH, while Sharp LINK Gaming has accumulated $3.6 billion in crypto assets.
Spot Ethereum ETFs are reshaping fund flow patterns, with daily inflows exceeding $1 billion for the first time since their launch. These products are now outperforming Bitcoin ETFs, suggesting a potential shift in institutional preferences. Regulatory support has emerged, with the SEC providing clearer guidance on staking services and explicitly allowing liquidity staking arrangements.
Ethereum shorts evaporate! Powell's dovish shift triggers a short squeeze.
Federal Reserve Chairman Jerome Powell's remarks at the Jackson Hole symposium triggered a sharp short squeeze, sending Ethereum soaring to a record high of $4,957 on Sunday. Within an hour of Powell's hints at a possible rate cut, approximately $120 million in leveraged short positions collapsed, with CoinGlass data showing that $53 million of these short positions were liquidated instantly.
When Powell indicated that restrictive policies "may require a change in stance," a chain reaction began to unfold. Traders who had borrowed ETH to short faced margin calls, and the price surge forced panic covering, further accelerating the rally. This reflexive liquidity crunch mirrored the classic short squeeze dynamics of Bitcoin's breakout in 2020.
Institutional investors followed suit, with Bitmine Immersion and SharpLink Gaming rising 12% and 15% respectively. This surge erased Bitmine's 7% drop this week, demonstrating the advantage of institutional holdings in ETH . Conversely, ETHzilla, backed by Peter Thiel, plummeted 31% after attempting to dilute its holdings with 74.8 million shares.
Ethereum EIP-7702 was abused in a phishing attack, resulting in a loss of $1.5 million.
Analysts have warned of a surge in phishing attacks targeting Ethereum addresses that have upgraded to the new EIP -7702 standard. Anti-fraud service Scam Sniffer reports at least three victims this month, with total losses exceeding $1.5 million.
The EIP-7702 feature, introduced in the May PE ctra upgrade, allows externally owned accounts to temporarily function like smart contracts. While intended to improve transaction efficiency, this feature also creates new vulnerabilities that attackers can exploit.
In a recent case, a victim lost $1.54 million after approving a malicious bulk transaction that included token transfers and NFT authorizations. The funds were then bridged to the Ethereum mainnet via the Relay Protocol. Two similar incidents have occurred previously, where investors lost $1 million and $66,000 respectively due to the same phishing tactics disguised as Uniswap transactions.
