TheDragonInThePainti

In the context of crypto assets gradually being accepted by mainstream finance, a recent survey by Bank of America (BofA) reveals an unexpected reality – the vast majority of large fund managers still keep their distance from crypto assets. The survey shows that 97% of the surveyed fund managers have no allocation to crypto assets, with an overall average allocation of only 0.3%, which stands in stark contrast to the investment enthusiasm in traditional markets.

According to BlockBeats news on August 17, on-chain data from CryptoQuant shows that Ethereum reserves on CEX continue to decrease, currently only remaining at 18.39 million ETH, the lowest level since October 2022. A similar trend is also reflected in Bitcoin, with current Bitcoin reserves on CEX being approximately 2.52 million, also the lowest level since October 2022.

Ethereum's token has recently surged as major investors and companies, including a mysterious entity, have begun holding it amidst market fluctuations. This entity has accumulated 92,899 ETH, worth $412 million. Bit mining is the largest holder.

Standard Chartered has raised its year-end price target for Ethereum from $4000 to $7500 due to a surge in demand. The forecast for 2028 has also been increased to $25000, with the stablecoin industry expected to rise 8 times, driving up Ethereum Gas Fees. The current price of Ethereum is $4687.

The price of Ethereum surged to $4,700 after BitMine announced its Ethereum holdings increased by $20 billion. This reflects a rise in institutional interest, supported by record inflows from the Ethereum ETF and the momentum of the broader market, suggesting a bullish outlook for the crypto asset.

Ethereum is gearing up for a bullish run, with strong ETF interest and a recent breakout to $4,100. Although short-term indicators suggest consolidation, the calculated moving target is $6,500, indicating significant growth potential in the upcoming bull run.

The newly released ChatGPT-5 not only can chat but has also sparked heated discussions on Crypto Assets price predictions. This time, it has provided astonishing bullish target prices for Ethereum (ETH), Solana (SOL), and DOGE: ETH could optimistically reach $20,000, SOL could break through $1,000, and DOGE is expected to challenge the $1 mark. Behind these predictions are multiple driving forces including ETF capital inflows, network upgrades, institutional adoption, and a general rise in retail sentiment.

The Ethereum PoS network currently has 479,300 ETH in the exit queue, with a withdrawal delay of approximately 8 days and 8 hours, valued at about $2.013 billion. The staking demand from new validators has significantly decreased, with the admission queue dropping from 435,000 to 22,000, and the current waiting time is 9 hours.

Eric Trump warns investors to stop shorting Bitcoin ( BTC ) and Ethereum ( ETH ), stating that the market will ruthlessly sweep away short sellers. He mentioned that the recent surge in crypto assets has led to a large number of short positions being liquidated, and encourages investors to Buy the Dips.

Gate News Bots report that an unidentified institution has expanded its Ethereum holdings through a new Wallet, which received 10,396 Ether from a Crypto Assets exchange within two hours, amounting to $40.6M. The entity's activity lasted for four days, during which six different Wallets were established. The total accumulation reached 171,015 Ether, amounting to $667M, with transfers coming from multiple well-known sources, including Centralized Exchanges, Galaxy Digital, and BitGo.

Tom Lee believes that Ethereum is a superior investment compared to Bitcoin, pointing out the growing interest on Wall Street in tokenization. He emphasized JP Morgan's fraud issues and noted that his company BitMine Immersion Technologies is now the largest corporate ETH holder.

According to on-chain analyst Yu Jin's monitoring, a "Whale" added 3.32 million USDC Margin after ETH rose to $3700, restoring its short order ETH Position to 27,000 coins, currently facing a loss of $2.32 million. The Position situation is at 25x leverage, entry price $3637, liquidation price $3828.

Odaily News Trader Eugene Ng Ah Sio posted on his personal TG channel: "The market has been very thrilling these past few days, but we made it through—at one point we were almost ready to Cut Loss at the bottom, but after seeing BTC rebound from 112 K, we decided to hold on. Now I'm following whether ETH can surge again to 3800–4000 dollars, looking for a short-term opportunity. However, if the market weakens again..."

According to a report by Jinse Finance and data from Dune, the total open interest of the US spot Bitcoin ETF on-chain is 1.274 million BTC, accounting for 6.4% of the current BTC supply, with the on-chain holdings valued at approximately $144.5 billion.

Trader Eugene Ng Ah Sio stated that he is bullish on ETH again, believing that there is substantial buying in the current market. Although the hype around DAT technology has decreased, one should not be too quick to turn bearish. The reasonable positions to build are 113,000 USD in BTC and 3,500 USD in ETH, with stop loss levels set at 112,000 and 3,400 USD respectively.

Justin Drake of the Ethereum Foundation envisions a "Slim Ethereum" focused on extreme performance and security. He emphasizes addressing quantum threats through hash-based cryptography and believes that Ethereum can achieve radical scaling, aiming for 10,000 Transactions Per Second on layer one and potentially reaching 1 million Transactions Per Second on layer two.

According to Jinse Finance, on-chain analyst Onchain Lens (@OnchainLens) monitored that a certain Whale/institutional Wallet received 32,855 Ethereum (ETH) from FalconX, valued at approximately 124 million dollars. This Wallet currently holds a total of 113,029 Ethereum, with a total value of about 430 million dollars.

Gate News Bots message, the SEC ( has authorized a physical redemption mechanism for Bitcoin and Ethereum exchange-traded funds ) ETFs (. This regulatory decision allows ETF issuers to handle fund transactions through direct Crypto Assets transfers instead of cash Settlement.

Odaily News Despite the pullback of ETH to $3,797 this week, the futures premium has risen to a 5-month high, ETF continuous net inflow, and institutional Holdings growth, indicating that market sentiment remains bullish. Data shows that the annualized premium for ETH futures reached 8%, while no significant defensive layouts have appeared in the options market, suggesting potential rise space. (Cointelegraph)

Ethereum (ETH) follows the market rebound, currently reported at 3,849 USD in the Asian morning on the 28th. SharpLink Gaming made a significant purchase of over 77,000 ETH and staked it over the weekend, with a total value of approximately 296 million USD. Analysts state that Ethereum ETF has seen inflows for 17 consecutive days, and a supply shock may be imminent.