Market Overview
Bitcoin continues to move sideways around the 113,000 USD level, with its hold above short-term support indicating that the positive technical structure remains intact.
MicroStrategy’s recent purchase of 4,225 BTC shows that institutional buyers continue to step in during price dips. On the Ethereum side, progress in the ETF approval process and Standard Chartered's launch of spot ETH services highlight growing institutional
interest in ETH. Additionally, JPMorgan’s BTC and ETH-backed lending plans signal deeper integration between traditional finance and crypto. Despite ongoing regulatory uncertainty, both BTC and ETH maintain their medium-term upward potential.
Key Developments
The CFTC and SEC have launched the “Crypto Sprint” for spot crypto trading — a critical step in the regulatory process.
ETH nears $4,100 resistance after ~43% summer rally, backed by ETF inflows and regulatory support.
The SEC’s silence on the Ripple case appeal and delays in ETF
approval have recently put pressure on XRP.
CoinDCX resumed withdrawals after a $44 million security breach, easing concerns around user fund safety.
ETH
The ETHUSDT pair continues its upward movement within the channel. After the recent correction, it showed a strong recovery. The 3,750 level is a key resistance; if broken, the upward momentum could accelerate. On the downside, the 3,410 support stands out as an important level.