Ethereum (ETH) is demonstrating robust institutional and whale demand, with large holders accumulating an additional 1.4 million ETH. The cryptocurrency is trading between $4,500 and $4,800, with key support at $4,525. Over $4 billion flowed into ETH ETFs in August, and nearly 30% of the supply is staked. Combined with the ongoing coin burn from EIP-1559, this creates significant supply pressure. Analysts project a move toward $6,400 is highly likely, with year-end expectations ranging from $5,000 to $7,000. Some long-term forecasts, like Tom Lee's, suggest a target of $60,000 within five years.
Story (IP) has gained momentum following an $82 million buyback program, pushing its price past $6.40 before settling near $6.07. Trading volume surged over 200% to $130 million. Technical indicators show mixed signals: the RSI at 57.7 suggests room for growth, but a negative MACD histogram indicates weaker short-term momentum. A breakout above $6.46 could target $7.10, while a drop below $6.00 risks a fall to the 200-day average. The upcoming Origin Summit in Seoul on September 23rd and a $223.8 million PIPE deal from Heritage Distilling are providing additional bullish catalysts.
Separately, BlockDAG (BDAG) is highlighted for its presale performance, having raised $395 million and sold 25.7 billion coins. Two large whale purchases of $4.4 million and $4.3 million were noted, creating a sense of urgency among smaller buyers. The project also reports over 3 million active users on its X1 miner app. It is important to note that this information is part of an advertorial and not independent news content.
