💙 Gate Square #Gate Blue Challenge# 💙
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August 11 – 20, 2025
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#以太坊创新高倒计时# The current crypto market shows the characteristics of "Ethereum leading the rise, Bitcoin consolidating, and altcoins diverging": ETH is approaching historical highs driven by ETF, BTC is gaining strength at the $120,000 level, and sectors like AI and Layer 1 are active. Investors need to follow the disturbance of CPI data on interest rate cut expectations, as well as the role of institutional funds in solidifying key support levels.
- **Core Drivers**: The Fed's interest rate cut expectations in September, continuous inflow of ETF funds, and institutional accumulation (such as ETH corporate inventory reaching $9 billion) remain favourable information for the medium to long term.
It is recommended to closely follow the signals from the Fed's Jackson Hole annual meeting tonight and tomorrow's CPI data, and operate cautiously amid fluctuations 🔍.
- **Price Breakthrough**: This morning surged to **$124,500**, setting a new historical high, with a daily rise of 3.58%, and a market capitalization of $2.457 trillion, surpassing Google's parent company Alphabet to become the fifth largest asset globally.
- **Driving Factors**: Rising expectations of Fed rate cuts, favourable information from Trump’s policies (allowing 401(k) retirement plans to allocate Crypto Assets) and continuous accumulation by institutions (such as Harvard University investing $116 million in BlackRock’s Bitcoin ETF).
- **Technical Signals**: If it breaks through the $123,000 resistance, the next target is $131,000 (Fibonacci extension level); key support level is at the $117,200-$118,000 Trading Volume platform.