Crypto Market Weekly Report: Ethereum is expected to break through key resistance levels, Bitcoin may rise before falling.

Market Overview

The global macroeconomic environment is facing new uncertainties. The US and Europe have reached an agreement on trade issues, but there are differences in details. The Federal Reserve will hold a policy meeting this week, and the market generally expects interest rates to remain unchanged, but there may be room for a rate cut in September. This week is seen as the "truth moment" for the economy, with several important data sets about to be released.

There is a divergence in views within the crypto industry regarding the market cycle. Some industry leaders believe that, driven by multiple positive factors, the market has entered a "sustained and stable prosperity" phase. However, the general public's acceptance of cryptocurrencies remains limited, and most investors still view them as high-risk assets.

Bitcoin Trend Analysis

Bitcoin has recently experienced a volatile decline, at one point falling below the support level of $116,000. Analysts believe this is the result of dual pressures from both macro and micro factors. In the short term, Bitcoin may continue to face downward pressure, but the long-term trend depends on changes in the global economy and regulatory environment.

Multiple analysts have provided predictions for Bitcoin's short-term trend. Some believe that Bitcoin needs to break through and stabilize above $119,500 to initiate a new round of rise. Other analysts warn that Bitcoin is currently between two key liquidation zones, which may first touch the upper area before pulling back. There are also predictions that the worst-case scenario is a pullback to $112,000, while the best-case scenario is hitting $125,000 in August.

Ethereum and Other Asset Performance

Regarding Ethereum, analysts expect it to break through a long-term resistance level that has lasted for four years, with a potential surge towards $4000 this week. This expectation is based on multiple positive factors, including increased network activity, continuous ETF buying, and the token burn mechanism.

The price of BNB has reached a historic high of $855, with a 24-hour rise of 7.5%. Several listed companies have increased their holdings in BNB or launched related investment plans, driving up its price.

Affected by the trending topic on social media, the VINE token surged 110% within 24 hours. In the Base ecosystem, the ZORA token continues to strengthen, breaking through $0.1 to reach a new historical high. The NFT market is also generally warming up, with Ethereum chain NFT sales exceeding $157 million in the past 7 days.

Market Data Overview

• Bitcoin price: $119,465, year-to-date increase of 27.77%
• Ethereum price: $3,933.53, year-to-date rise of 17.76%
• Market sentiment: Fear and Greed Index 75 (Greed)
• Mainstream coin market share: Bitcoin 60%, Ethereum 11.9%
• Total liquidation amount in 24 hours: 249 million USD

ETF Fund Flow

As of July 25:

• Bitcoin ETF net inflow of 130 million USD
• Ethereum ETF has seen net inflows for 17 consecutive days, totaling $453 million.

Future Events

• Multiple projects will undergo token swaps or name changes.
• Some public chain ecosystems are about to launch new features.
• Multiple tokens are facing unlocking, which may affect market liquidity.

Market Highlights

• Ethereum is about to celebrate its tenth anniversary.
• Changes in US tariff policies may affect the global economy
• The Federal Reserve's interest rate decision is highly anticipated.
• Multiple tokens are about to undergo a large-scale unlocking.
• The NFT market sales have rebounded, with CryptoPunks performing outstandingly.
• Multiple institutions are increasing their holdings in crypto assets or launching related investment plans.