Ethereum Closing In on New Highs

DAILY MARKET OVERVIEW

Market Stays Hot

👋 Hey, Crypto Enthusiasts! The rally continues to capture more & more eyes. Let’s dive right in!

After yesterday’s liftoff, the market continues to show incredible strength.

BTC saw a quick dip from $122K to $120K, briefly cooling off altcoins, but buyers stepped right back in, and the recovery is already underway.

Ethereum ETFs are still sucking up supply at a record pace - yesterday alone saw $500M in inflows, putting ETH closer and closer to a fresh all-time high.

💥 The big ETH headline? British Bank Standard Chartered just raised its Ethereum targets in a major way:

• $7,500 by year-end (up from $4,000)

• $25,000 by the end of 2028 (up from $7,500)

According to their analysts, ETH’s catalysts are clear:

• Massive buying – Since June, ETH treasuries and spot ETFs have scooped up almost 4% of all ETH out there. That’s twice as fast as BTC ever saw from similar buyers.

• Policy boost – The GENIUS Act just gave clear rules for stablecoins, and most stablecoins live on Ethereum. That means more transactions and fees for ETH.

• Tech upgrades – Ethereum’s working on faster base layer transactions and pushing smaller/faster stuff to Layer 2 networks like Base and Arbitrum, making it better for real-world finance.

On top of that, rate-cut optimism continues building.

Treasury Secretary Scott Bessent just told Fox Business the Fed should consider a 50 bps cut in September after weak job revisions and softer inflation. If the Fed actually delivers, crypto could see another leg higher almost instantly.

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SOCIAL SENTIMENT

Alts Sniff Opportunity as ETH Dominates

With ETH flexing and BTC dominance (BTC.D) wobbling near a cliff, traders are starting to move further out on the risk curve in search of the next big mover.

• Yesterday, Solana and Chainlink led the majors in gains, and while they’ve given back a bit today, both still look structurally strong.

The real chart to watch? Total3 - the combined market cap of all coins excluding BTC, ETH, and stablecoins. It’s knocking on the door of its previous all-time high of $1.15T. A breakout here could kick off a full-blown alt season within weeks.

There’s always the chance of a rejection at resistance, but with the current macro and institutional tailwinds, the odds favor a push through.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Bernstein Says Circle on Track to Dominate Stablecoin Market
Bernstein analysts see Circle’s USDC becoming the top stablecoin, citing its liquidity, regulation, and infrastructure despite competition from Tether and banks.

Paradigm’s Matt Huang to Lead Stripe’s Blockchain Project
Paradigm co-founder Matt Huang will head Stripe’s Tempo blockchain while keeping his role at Paradigm, aiming to build a high-performance payments network.

OKX to Burn 65M OKB and Fix Supply at 21M
OKX will permanently cut OKB supply to 21 million by burning 65 million tokens, sparking a huge 170% price surge for the exchange’s native token.

Norway Sovereign Wealth Fund’s Bitcoin Exposure Hits $862M
Norway’s wealth fund now indirectly holds 7,161 BTC via investments in firms like Strategy and Coinbase, up nearly 88% in six months.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – Ethereum Surging Towards All Time Highs (13.08.2025 Summary)

Benjamin Cowen sees Ethereum showing strong momentum right now and believes it could reach its old all-time highs - or even slightly surpass them - in the next couple of weeks.

Short Term View

• ETH strength likely continues through late August

• Potential run to or above all-time highs before a pause

• September could bring a pullback for both ETH and Bitcoin

Historical Pattern
Cowen notes that in past post-halving years (2013, 2017, 2021), July and August were strong months, but September turned negative. This makes him expect a similar move this year.

Why It Matters

• A September drop could be healthy, giving ETH time to regroup

• Could set the stage for one final push to the market cycle top afterward

Altcoin Context
It is currently “Ethereum season” - ETH is outperforming most altcoins. Many alts have dropped over 50% against ETH since April. Cowen does not expect a lasting altcoin rally yet and sees the next big rotation possibly going back to Bitcoin later in the year.

Ivan On Tech – ALTCOINS ARE EXPLODING!!!! (but there is an issue) (13.08.2025 Summary)

Ivan on Tech says we are seeing an altcoin explosion, with some coins posting huge gains – OKB up over 150% after a major token burn, and Solana and others pushing toward key resistance. ETH is also rallying toward its all-time high.

The Catch

• Not all altcoins will recover from past cycles

• Only a small percentage pump each cycle – many fade away permanently

• If you are still holding bags from the last bull run, odds are they will not come back

Key Opportunities

• Solana: Hated asset with room for new buyers, could rally toward 250

• Chainlink: Benefiting from big institutions launching their own L1 chains and needing oracle solutions

• Sui: Building momentum toward previous highs around 5.2

• Bitcoin: Consolidating before a possible push to 150K

Market Dynamics

• ETH dominance is dropping, fueling capital rotation into altcoins

• Big players like Circle, Stripe, and Tether are launching L1s instead of using ETH L2s – a short term narrative boost for Solana and Chainlink

• African and Asian markets are driving real stablecoin adoption

Bottom Line
We may be entering the apex of the cycle for altcoins, but Ivan warns to focus on coins with strong narratives and momentum – and not expect every project to bounce back.

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