2 hours ago
Key points:
Bitcoin approaches the play adjacent with $114,000 successful absorption arsenic late-week gains fizzle.
Ether remains the halfway of attraction aft its latest all-time highs, with whales swapping BTC for ETH.
BTC terms enactment enjoys a CME futures spread to the upside, providing a caller short-term target.
Bitcoin (BTC) circled a “key” terms level into Sunday’s play adjacent arsenic markets continued to slice earlier gains.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewETH terms rally steals the spotlight arsenic Bitcoin settles
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD drifting toward $114,000.
The play saw small volatility for the brace aft a Friday surge to astir $117,500 courtesy of outer news.
This came courtesy of Jerome Powell, Chair of the US Federal Reserve, who during his code astatine the yearly Jackson Hole economical symposium hinted that interest-rate cuts would resume successful September.
Crypto joined hazard assets successful a wide rally, with the largest altcoin Ether (ETH) adjacent making new all-time highs.
ETH/USD one-hour chart. Source: Cointelegraph/TradingViewGiven the existent marketplace structure, commentators remained focused connected ETH arsenic a result.
“$ETH is attempting a beardown play adjacent supra $4,600. This'll beryllium a large confirmation that it's not a bull trap,” fashionable trader BitBull told X followers successful his latest analysis.
“If ETH manages a play adjacent supra $4.6K, that'll people the highest play adjacent ever. Also, it'll acceptable the signifier for the adjacent limb up towards $5,200-$5,500 by adjacent week.”
ETH/USDT one-week chart. Source: BitBull/XCiting information from crypto quality steadfast Arkham, X analytics relationship Lookonchain observed aggregate transactions involving long-dormant BTC being swapped for ETH.
— Lookonchain (@lookonchain) August 24, 2025BitBull described whale appetites for Ether arsenic “aggressive.”
“Despite the ETH rally of 300%+ successful 4 months, whales aren't slowing down,” portion of different X station concluded.
“It seems similar the rally isn't done yet.”Ether, Bitcoin tackle caller circular of CME gaps
Elsewhere, fashionable trader and expert Rekt Capital noted that ETH/USD had filled an unfastened spread successful CME Group’s Ether futures market.
Related: Bitcoin won’t spell beneath $100K ‘this cycle’ arsenic $145K people remains: Analyst
— Rekt Capital (@rektcapital) August 22, 2025On the radar for Bitcoin, meanwhile, was the spread resulting from play terms action.
“$BTC Slow play successful wide which was to beryllium expected aft Friday's monolithic rally crossed the board. If BTC were to unfastened up similar this tomorrow, we'll person a beauteous sizeable gap,” trader Daan Crypto Trades summarized.
“You've astir apt seen the way grounds these gaps person been connected wherever we've closed beauteous overmuch each of them connected Monday oregon didn't adjacent unfastened up with a spread successful the archetypal place.”
BTC/USDT 15-minute illustration with CME gap. Source: Daan Crypto Trades/XLast week, Rekt Capital called the $114,000 mark “key” for Bitcoin arsenic a play adjacent level.
As Cointelegraph reported, immoderate marketplace perspectives spot a correction hitting Ether successful September, based connected humanities patterns.
This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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