Tag:

massive

Tom Lee’s BitMine (BMNR) Raises $365M at $70 a Share to Expand Its Massive ETH Treasury

by admin September 22, 2025

BitMine Immersion Technologies (BMNR), chaired by Tom Lee, said Monday it now controls more than 2% of ether’s supply and raised $365 million to expand its holdings.

The company announced this morning that its treasury, valued at $11.4 billion as of Sept. 21, consists of 2,416,054 ETH at $4,497 per token, 192 bitcoin BTC$113,000.36, $345 million in cash and a $175 million equity stake in Eightco Holdings.

BitMine described itself as the world’s largest public holder of ether and the second-largest crypto treasury overall, trailing only Michael Saylor’s Strategy Inc. (MSTR).

BitMine is chaired by Tom Lee, who is also head of research at Fundstrat and chief investment officer at Fundstrat Capital.

Lee said the company is pursuing what he calls the “alchemy of 5%,” aiming to accumulate 5% of the total ETH supply. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum,” Lee said.

Raising funds to grow the treasury

A few hours later, BitMine announced a securities purchase agreement with an institutional investor covering 5.2 million shares of common stock at $70 per share — about 14% above its Sept. 19 close — along with warrants for up to 10.4 million additional shares at $87.50.

The offering is expected to raise $365 million in gross proceeds, with the warrants potentially adding another $913 million, bringing total potential proceeds to about $1.28 billion.

Lee said the primary use of funds would be to expand BitMine’s ether holdings, calling the premium pricing “materially accretive” to existing shareholders.

BitMine added that institutional demand reflected growing interest in ethereum as Wall Street integrates blockchain into financial infrastructure.

As of 11:13 a.m. ET, BMNR shares were trading around $55.79, down 9% on the day, according to Google Finance.

Source link

September 22, 2025 0 comments

NFT Gaming

Massive $415 Million XRP Transfer Hits Ledger, Ripple Rumors Follow

by admin September 22, 2025

XRP price sell-off triggers cascade of liquidations
Bottom line

Whale Alert tracked a single transfer of 141,818,659 XRP, worth $415,624,232 at the time. At first, it appeared to be a typical mystery whale transaction, or possibly Ripple moving its supply.

However, on-chain data suggests otherwise, as both ends of the transaction are Kraken-linked addresses. The sending account’s last outbound transfer was for 99,018,954 XRP, and the receiving account — activated via a Kraken tag — now holds 141,818,661 XRP.

This suggests internal shuffling between exchange wallets rather than tokens being released onto the market.

XRP price sell-off triggers cascade of liquidations

The transfer itself did not affect the price right away. XRP traded at around $2.85 after the alert was issued. It was not until approximately four hours later that Bitstamp showed a decline to $2.68 — a fall of around 6% from the intraday high — before recovering to above $2.82.

The dump likely came from separate market flows, while the transaction was an event of exchange management that just happened to hit public feeds on the same day.

Bottom line

Major platforms commonly make these kinds of giant wallet moves to rebalance hot and cold storage, stage liquidity for clients or consolidate deposits. It is the notional size that grabs attention, because $415 million in one transaction is enough to raise eyebrows, even if the coins never touch the order book.

Ripple was not involved here, but every time hundreds of millions of dollars’ worth of XRP are reshuffled on the blockchain, the conversation comes back to Ripple’s role.

Source link

September 22, 2025 0 comments

GameFi Guides

Bitcoin Set For ‘Massive Political News’ Tuesday: Dennis Porter

by admin September 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dennis Porter, CEO and co-founder of Satoshi Action Fund, spent much of Sunday, September 21, stoking anticipation for what he called a watershed moment for Bitcoin policy in the United States, promising “MASSIVE POLITICAL NEWS COMING FOR BITCOIN TUESDAY THAT WILL RESHAPE THE TRAJECTORY OF BITCOIN POLITICS. THIS WILL BE A DEFINING MOMENT.”

In a late-US-hours video posted to X, Porter told followers that the announcement, to be unveiled during a coordinated X Space “with one of the largest shows in the space,” is intended to “potentially reorder the political conversation for Bitcoin across the country.”

What To Expect From The Bitcoin News On Tuesday?

Porter framed the reveal as part of a broader effort to move US policy onto “a better pathway” and away from what he described as a “dangerous pathway,” adding that the initiative is designed to build durable momentum for federal-level legislation.

“If you really want to see something like a strategic Bitcoin reserve (SBR) bill get passed at the federal level, if you want to see Bitcoin rights get passed at the federal level, then you’re going to want to pay attention to what’s happening on Tuesday,” Porter said. He stressed expectations should be political rather than market-moving in the short term: “This is not going to be some country buying 10 million Bitcoin.”

Porter positioned Tuesday’s reveal as a foundational step toward converting executive-branch direction into statute. “If you live by executive order, you’ll die by executive order,” he said, arguing that any US SBR must ultimately be codified by Congress to survive future administrations.

The comments arrive in a year when state-level experiments—and federal debate—over public-sector BTC holdings have accelerated. In May, New Hampshire became the first US state to enact a SBR law, authorizing the treasurer to allocate up to a fixed share of certain public funds into Bitcoin under specified conditions. The Granite State was followed by Arizona and Texas.

Many other states have introduced bills or are considering legislation for SBRs. Some bills have passed out of committee; others have failed to advance or were vetoed. For example, proposals in Montana, Wyoming, North Dakota, Pennsylvania, and Florida have been brought forward; however, they have not succeeded into law.

Satoshi Action Fund, the advocacy group Porter leads, was a primary architect of this state-by-state strategy. Its public materials and social-media profiles claim involvement in “9 bills in 8 different states,” alongside grassroots campaigns aimed at mobilizing constituents behind pro-BTC policy. Porter reiterated that record on Sunday while thanking “over 2,500” supporters and the lawmakers who “put their careers on the line” to advance the cause.

IN LESS THAN 48 HOURS BITCOIN POLITICS WILL NEVER BE THE SAME — WHAT TO EXPECT. pic.twitter.com/h71TdBtGPl

— Dennis Porter (@Dennis_Porter_) September 22, 2025

While Porter did not preview the specific contours of Tuesday’s announcement, his remarks outlined two immediate objectives: entrenching “Bitcoin rights” at both state and federal levels, and advancing a statutory framework for a US SBR. He suggested Satoshi Action has been working “quietly” on multiple “stealth projects” to “reshape the conversation and make sure that we generate more political momentum for Bitcoin,” signaling that further disclosures will follow the initial reveal.

For now, the only clear facts are those Porter put on the record: the announcement will be political in nature; it will aim to “set the foundation” for a federal strategic-reserve bill and for nationwide “Bitcoin rights”; and it will be unveiled on Tuesday, September 23, during a high-profile X Space. Everything else—what the initiative specifically entails, who is backing it, and how quickly it could translate into draft legislation—will be answered when the details are made public. As Porter put it, “This is going to be a very big piece in making sure that we get to that final place with a strategic Bitcoin reserve bill.”

At press time, BTC traded at $114,264.

Bitcoin breaks below uptrend line, 4-hour chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

September 22, 2025 0 comments

GameFi Guides

54,000,000,000 Shiba Inu (SHIB) in 24 Hours: Massive Bullish Signal on Exchanges

by admin September 21, 2025

Exchanges stay volatile
SHIB market performance

The data behind Shiba Inu’s recent surge in exchange activity — nearly 54 billion tokens moved in a single day — could be the last bullish signal left for the asset. On-chain metrics reveal a significant drop in exchange reserves, which have dropped by 0.05% to 85 trillion SHIB, while netflow is negative at -43 trillion. Because more tokens are leaving exchanges than entering, there is less pressure on the open market to sell.

Exchanges stay volatile

Generally speaking, these outflow periods correspond with lower downside volatility and, more significantly, accumulation stages that come before rallies. In addition, the number of transactions increased by almost 1% in a 24-hour period, and the number of active addresses increased by 0.93%, indicating that network activity is increasing.

Source: CryptoQuant

This is important because SHIB has been stagnating for the past few weeks, forming a big symmetrical triangle pattern. At this point, rising activity indicates that traders are getting ready for a bigger move.

SHIB market performance

SHIB is still confined, technically speaking, between the rising support trendline below and its 200-day EMA above. The recent loss of $0.000013 reduced short-term bullish momentum, but strong buyer defense was demonstrated by the bounce from the $0.0000128 zone. SHIB might generate enough demand to confront the $0.000014 resistance zone, which also coincides with the descending trendline, if the negative exchange netflows continue.

SHIB might move toward $0.000016-$0.000017 if there is a breakout there. The downside risk, on the other hand, consists of a decline back toward $0.0000117 and possibly adding another zero if selling pressure suddenly increases and volumes decline, and SHIB loses support at $0.0000125. However, for the time being, the combination of increasing activity, decreasing exchange supply and improving network metrics raises the possibility that investors are subtly setting up for an upside breakout.

Since SHIB is at a pivotal point, it will probably be decided in the coming sessions whether or not this accumulation actually leads to a rally.

Source link

September 21, 2025 0 comments

Crypto Trends

Asia Morning Briefing: BTC Traders Brace for Fed Cuts But Massive $4.5B Liquidity Tests Loom

by admin September 17, 2025

Good Morning, Asia. Here's what's making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.
Polymarket and CME FedWatch are aligned: the Fed’s easing cycle begins tomorrow. Both have a 25 bps cut locked in for the next FOMC meeting, with odds building for a three-cut path through year-end.

Polymarket traders leave more room for aggressive easing, while CME assigns steadier probabilities of 25 bps steps. Either way, markets see 75 bps in cuts as the baseline for 2025.

Market conviction around the Fed pivot is already showing up on-chain, with BTC trading at $116,762, up 1.3% on the day and 4.7% on the week, while ETH sits at $4,502, up 4.3% on the week as traders price in the cuts.

Now, some traders are sitting on the sidelines to see just how the market might react as the Fed announces cuts.

In a recent report, CryptoQuant data shows bitcoin exchange inflows have dropped to a 7-day average of just 25,000 BTC, the lowest in more than a year and a half; the level seen in mid-July when BTC first crossed $120,000. The average BTC deposit size has also halved to 0.57 BTC, evidence that large holders are sitting idle rather than rushing to sell.

ETH is seeing the same pattern: exchange inflows have fallen to a two-month low of 783,000 ETH, down sharply from 1.8 million in August. The average ETH deposit has declined to 30 ETH from 40–45 ETH earlier this summer, suggesting reduced sell-side activity from whales.

If BTC and ETH are being hoarded, stablecoins are flowing in CryptoQuant writes in its report. USDT deposits into exchanges surged to $379 million at the end of August, the highest this year, and remain elevated at $200 million. The average daily USDT deposit has doubled since July, giving exchanges the “dry powder” needed to support a post-Fed rally.

But the flows aren’t uniform. Altcoins are seeing a resurgence of exchange activity, with transaction deposits climbing to a 7-day total of 55,000, up from a flat 20,000–30,000 range earlier this year. That divergence signals possible profit-taking in higher-beta names even as BTC and ETH supply remains tight.

“September brings a wave of token unlocks totaling $4.5 billion, a dynamic that could pressure liquidity and test market absorption,” OKX Singapore CEO Gracie Lin wrote in a note to CoinDesk.

True opportunity lies beyond short-term volatility, Lin argued.

“Stablecoins are nearing $300 billion in supply, token unlocks are putting market depth to the test, and major infrastructure upgrades like Nasdaq’s move toward tokenized securities are signaling that crypto is becoming part of the global financial system, not an outlier,” she wrote.

The message is clear: the Fed pivot is nearly priced in. What matters now is whether crypto’s liquidity buffers, stablecoins, exchange inflows, and token unlocks can absorb the shocks and channel capital into the next leg higher for BTC.

Market Movement

BTC: BTC is trading above $116,500 as traders are optimistic about potential U.S. interest rate cuts. Technical factors such as the closing of futures gaps have added upward pressure. Some caution is setting in ahead of the Fed meeting.

ETH: ETH is trading with modest strength, supported by overall crypto market momentum (dominated by BTC), but with some resistance as investors weigh macro risks and await clarity on policy from the Fed.

Gold: Gold is hitting record highs, driven by expectations that the U.S. Federal Reserve will cut rates, a weakening U.S. dollar, and heightened geopolitical or macroeconomic uncertainty. Safe‑haven demand from investors is strong.

Nikkei 225: Asia-Pacific stocks fell on Wednesday morning, with Japan’s Nikkei 225 down 0.3%, as investors tracked Wall Street losses and awaited a likely Fed rate cut decision.

S&P 500: The S&P 500 slipped 0.13% to 6,606.76 Tuesday as investors booked profits ahead of the Fed’s rate decision after touching a record high earlier.

Elsewhere in Crypto

Eric Trump defends UAE-Binance deal, says his father is ‘first guy who hasn’t made money off of the presidency’ (The Block)
President Trump Alleges New York Times Harmed Meme Coin in $15 Billion Lawsuit (Decrypt)
The Clarity Act Is Probably Dead: Here's What's Next for Its Successor Legislation (CoinDesk)

Source link

September 17, 2025 0 comments

Game Updates

Palworld will emerge from early access in 2026, with a “truly massive” amount of stuff planned for 1.0 update

by admin September 16, 2025

Palworld is set to finally emerge from early access in 2026, developers Pocketpair have announced. There’s a lot of work the game about not-Pokémon, guns, and maunfacturing will need prior to that point, say the studio who’ve been busy staring down Lionel Hutzes who probably know the DK rap off by heart. They’ve also teased that a bunch of new additions are in the works for the 1.0 update.

Watch on YouTube

“While we have a lot of ideas for where we want to take Palworld, we also need to start thinking about Palworld 1.0,” Pocketpair communications director and publishing manager John ‘Bucky’ Buckley said in the above video announcement. “Beyond just adding new content there’s a lot of cleanup that needs to be done before Palworld can exit early access.

“It’s no secret that Palworld has a lot of quirks and jank, and we want to take the time to properly address those before releasing the game. With that in mind, we plan to start that cleanup this year. Our goal is to ultimately release Palworld next year, in 2026, and we think taking the time now to fix those problems will ultimately lead to a better game.”

As a result, the studio plans to be “a little quiet” for the rest of 2025, with the survival game’s winter update not set to be as chunky as the Feybreak or v0.4 update it got last December. That said, Buckley did still indicate “a few surprises” are planned for that winter update.

The big tease-a-thon continued, with the community manager declaring that a “truly massive amount of content” is in the works for the 1.0 update that’ll bring Palworld out of the early access cocoon it’s occupied since January last year. “We plan to share some sneak peeks about Palworld 1.0 in the very near future,” he concluded.

Amid releasing updates including the likes of crossplay and a Terarria collab so far this year, Pocketpair have been getting a publishing arm up and running. Horror game Dead Take from Tales Of Kenzera: ZAU devs Surgent Studios and retro-handheld-inspired angler Normal Fishing are among the titles the studio have helped release or signed up so far. All while Mario gives them the evils from a window across the road. Make sure to give our Katherine’s review of early access Palworld a read if you’re keen to be reminded what it’s all about.

Source link

September 16, 2025 0 comments

Product Reviews

Disney and Webtoon’s Partnership Is Leading to a Massive New Comics App

by admin September 16, 2025

Last month, Webtoon announced a major new deal with Disney to bring a litany of original licensed stories and past comics from across Marvel’s library to the scrolling format that has made Webtoon a significant force in the comics space. Today, however, the two companies confirmed that those plans are actually much, much bigger.

Today Webtoon Entertainment confirmed that Disney would be acquiring a 2% equity interest in the company as part of a non-binding term sheet that will also see the two companies develop a brand new digital comics platform that will be home to “current comic book runs and include decades of past comics from across Disney’s portfolio, including Marvel, Star Wars, 20th Century Studios, and more,” according to a press release.

The new, currently unnamed platform will host over 35,000 comics and is framed in the announcement as “an expansion upon Marvel Unlimited.” It’s currently unclear whether or not the new platform, which will be operated by Webtoon, will be set up to replace Marvel Unlimited, the publisher’s digital comics platform and subscription service that first launched in 2007. That said, further information provided by the companies says that the new platform will “provide decades of iconic comics for current Marvel Unlimited subscribers and bring in even more fans to experience storytelling from across the Disney portfolio along with a selection of Webtoon Original stories,” suggesting that the Unlimited subscription will continue to exist in some capacity alongside the new platform.

Subscribers to Disney+ will also be able to read a curated selection of comics in the new app as part of the streaming service’s perks program, and the new app is described as including “a mix of vertical and traditional formats” across its library of archived comics, current runs, and original content made by Disney and Webtoon, similar to how Marvel Unlimited currently includes scrolling-format exclusive series as part of its Infinity Comics line as well as standard digital comic formats. The new platform will also feature select translations of material for Korean and Japanese audiences.

The news comes in the wake of last August’s announcement that Webtoon will bring a selection of recent Marvel Comics output to its own service in the next few years, including the latest volume of Amazing Spider-Man, the 2015 revival of Marvel’s Star Wars ongoing, Jonathan Hickman’s 2012 Avengers run, and the 2021 Alien series, alongside a new adaptation of the 2016 Liz Braswell novel, As Old As Time: A Twisted Tale.

“With a new platform that will combine our product and technical expertise with Disney’s full comic catalog, we’re giving new and longtime fans all over the world a new way to discover these legendary characters and stories,” Junkoo Kim, Webtoon Entertainment’s CEO, said in a provided statement. “Disney’s extraordinary storytelling legacy is second to none, and we’re honored to work with them to build the future of digital comics. This is a powerful next step for our growing global business, and a strong foundation for even greater collaboration with Disney in the years ahead.”

The news of Disney and Webtoon’s partnership comes at an interesting time for digital comics, as the industry has seen a collapse into siloed, publisher-specific services in the wake of Amazon’s disastrous handling of Comixology, leading to the marketplace’s shuttering and folding into the retailer’s Kindle service in 2023. The union between one of the biggest studios in the world and one of the biggest digital comics platforms around will certainly raise some eyebrows.

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

Source link

September 16, 2025 0 comments

Crypto Trends

XRP Buy Signal Suggests Massive Price Bounce is Coming

by admin September 15, 2025

Just after multiple days of consistent price surges, the crypto market has suddenly flipped negative, pushing XRP to the negative zone.

Despite the sudden switch in investors’ sentiment, XRP still stands a chance for a massive price breakout, according to a recent prediction shared by crypto analyst Ali Martinez.

The analyst shared a 4-hour chart flashing a key buy signal, which suggests that XRP may be gearing up for a significant price bounce back soon.

The bullish flag reflected in the asset’s TD Sequential suggests that the ongoing drawdown in the price of XRP is possibly close to exhaustion.

Thus, this can only mean that the asset is set to resume its uptrend, suggesting that XRP is still headed for the $3.60 price breakout.

What’s XRP’s next target?

As of September 15, XRP has lost its resistance at $3, falling as low as $2.96 during the day. With this declining trajectory, XRP’s price is down 0.57% in the past 24 hours but shows a decent price surge of 1.16% in the last seven days.

While momentum appears to be fading, the analyst has shared reasons why the altcoin might be set for a potential rally, following signals flashed by key on-chain and technical factors.

After briefly falling below the $3 mark, XRP has slightly rebounded back to $3, hovering around $3.01 as of writing. While the downtrend has continued to persist, the TD Sequential indicator shows that XRP is still retaining the buying pressure witnessed in the previous rally.

Tron (TRX) Destroyed Rest of Crypto Market With Massive 24-Hour Revenue

by admin September 15, 2025

Tron’s market dominance
Massive revenue stream

In terms of revenue, Tron has surpassed almost all other blockchains, generating an incredible $1.142 million in a single day. To put this in perspective, Ethereum made $174,677, while Solana, which came in second, only made $175,708. Tron’s revenue over the past 30 days has been $49.2 million more than three times Ethereum’s $14.78 million and 10 times Solana’s $4.61 million. Dominance is not a coincidence.

Tron’s market dominance

A significant amount of stablecoin supply is hosted on Tron, which has emerged as the foundation of the USDT (Tether) ecosystem. Large volumes of transactions are driven by this one factor throughout the Tron network, which directly results in high fees and steady income. Because stablecoin transfers keep Tron’s transaction throughput consistently high, it differs from most other chains in that activity only spikes during speculative rallies.

Source: DefiLIama

Tron is not only surviving the current crypto cycle but flourishing, as evidenced by its on-chain traction. While Solana’s speed draws developers and Ethereum remains the leader in smart contract innovation, Tron has established a distinct market niche by controlling stablecoin settlements. This dominance builds a strong moat against rivals and guarantees steady inflows. In terms of price, TRX has fared better than the larger altcoin market.

Massive revenue stream

The asset exhibits consistent strength while trading close to local highs, avoiding the sharp volatility observed in other tokens. Tron’s valuation is supported by a favorable environment created by network adoption, consistent USDT inflows and high on-chain revenue. Ultimately, Tron has shown that usefulness and steady income are more important than marketing.

Tron is in a strong position to continue being one of the most lucrative and significant networks in the market as USDT solidifies its position as the most popular stablecoin in the world.

Source link

September 15, 2025 0 comments

GameFi Guides

Crypto Market Prediction: Bitcoin Risks Losing $100,000? Shiba Inu (SHIB): Massive Fakeout Ends $0.00002 Rally, Ethereum’s (ETH) Dangerous Pattern at $4,800

by admin September 15, 2025

The market keeps pursuing local highs on Sept. 15, just as we have covered in our previous crypto market prediction, but unfortunately bears are still fighting and not letting Bitcoin break toward $120,000, which is causing a struggle for smaller markets like Shiba Inu. Ethereum, on the other side, is not seeing enough institutional inflows to make it further.

Bitcoin not breaking it

Despite numerous unsuccessful attempts to break higher, Bitcoin continues to encounter strong resistance around $115,000. Because the market is unable to break through this critical level, there are worries that momentum may be waning and that Bitcoin may be at risk of a more severe retracement that would ultimately put the psychological $100,000 support to the test.

BTC/USDT Chart by TradingView

The absence of clear buying pressure suggests that institutions, which are typically the catalysts for significant breakouts, are not yet bringing in sizable inflows into the market, even though the price has held comparatively well above $110,000 in recent sessions. Although the spot ETF data indicates a positive dynamic with steady but modest inflows, the amount of capital is far from sufficient to drive Bitcoin into a long-term run toward $120,000 and beyond. Price action runs the risk of stagnation in the absence of greater commitments from funds and institutions.

There are indications of fatigue in the technical picture as well. Even though the 50-day moving average continues to support Bitcoin, and it is still on the rise, generally trading volume has decreased in comparison to earlier rallies, indicating that buyers are hesitant at these levels. Bitcoin is not overbought, but it also lacks the momentum usually needed for a breakout, as indicated by the Relative Strength Index (RSI), which stays neutral.

If Bitcoin keeps losing ground at $115,000, a pullback is more likely. If sellers regain control, it would make sense to target a decline toward $112,000 and $106,000. However, current data indicates that there is little demand at the top end, even though a strong institutional bid or macro-driven catalyst could still turn the tide and push Bitcoin toward $120,000.

For the time being, Bitcoin investors should brace themselves for possible volatility. Until it is broken with conviction, the risk of losing the $100,000 mark is still very much in play. The $115,000 ceiling has turned into a defining battleground.

Shiba Inu can’t hold it

The price action of Shiba Inu swiftly reversed after failing to establish a hold above the crucial resistance of $0.000015, resulting in what many investors now refer to as a fakeout breakout. The asset gave the appearance of a persistent bullish trend at first by displaying strong momentum and rising out of a consolidation triangle with high volume.

SHIB experienced a sharp rejection and reversal, though, as selling pressure increased as soon as it touched resistance levels. Given the strong rally before the move, this reversal was surprising. When buyers tried to push the price higher, sellers overloaded the order books around $0.000015, causing a sharp pullback, according to the candlestick structure’s notable upward wick.

Ethereum forms key pattern

Ethereum is forming what looks to be a cup pattern on the daily chart as it tests the $4,800 resistance level once more. The larger context presents a more cautious picture, even though such formations frequently imply a possible bullish continuation.

Slow and hesitant, ETH has been unable to gather the momentum necessary for a clear breakout during the attempted recovery toward $5,000. Ethereum has fluctuated between $4,200 and $4,800 for weeks, displaying strength but lacking the institutional inflows conviction to support the next significant leg higher.

The absence of capital flows driven by ETFs is a major worry. While ETF narratives and institutional adoption continue to help Bitcoin, Ethereum has not seen nearly as much activity. ETH’s capacity to maintain its upward momentum is in doubt if new liquidity does not enter the market.