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#ETH冲击4800# #ETH#
BTC remains steadfast, while altcoins emerge with surprises! The current market is at a turning point from Bitcoin's solo dance to a multipolar value discovery, with ETH leading the charge, established altcoins awakening, and new narratives stirring, all confirming this trend.
Ethereum (ETH) is currently in a strong recovery phase, with the price surpassing $3600 (a six-month high), confirming a breakout from the "inverse head and shoulders" pattern. The short-term target points to $4000, and if it stabilizes at this level, the next target will be $4375. A further breakout above $4811 could trigger market FOMO sentiment, pushing for higher positions.
Institutions have significantly increased their holdings, with BlackRock's spot ETF purchasing $547 million worth of ETH in a single day, allocating more than five times the strength compared to BTC; institutions are also continuing to buy the dip.
The deflationary mechanism is in effect, EIP-1559 has burned a large amount of ETH, and with over 35% of the circulating supply being staked, the supply tightening has intensified (annual inflation rate turns negative).
Derivatives market signals, ETH options implied volatility (IV) surged to 70%, large bullish trades spiked, and the market is betting on a breakout above $4000 from late July to mid-August.
The probability of breaking through 4800 USD in September is over 70%, but it is necessary to stabilize above 4000 USD and digest short-term profit-taking. If the ETF physical redemption is approved in September or the Federal Reserve implements interest rate cuts, it may accelerate the rise.
Since April 2025, ETH has risen by 130%, significantly outperforming BTC (+60%), and the ETH/BTC exchange rate has broken through 0.055, indicating the start of the "altcoin season."
The king of altcoins, ETH, will define the "next generation blockchain value paradigm." ETH will lead a new round of altcoin super bull market due to its smart contract platform attributes catering to the on-chain needs of traditional financial assets, making it closer to the "value creation" narrative than BTC.