Cryptocurrency markets are trading sideways on Monday morning after a strong weekend that saw Ethereum tapping the $3,900 mark.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $118,799.41 |
| Ethereum | (CRYPTO: ETH) | $3,878.27 |
| Solana | (CRYPTO: SOL) | $191.91 |
| XRP | (CRYPTO: XRP) | $3.24 |
| Dogecoin | (CRYPTO: DOGE) | $0.2410 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001408 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 0.6% and grew 51.9%, respectively. Daily active addresses were down 4.1% and 3.3%, respectively.
- Coinglass data shows 93,881 traders were liquidated in the past 24 hours for $248.12 million.
- SoSoValue data shows net intflows of $130.7 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $452.7 million.
Trader Notes: Crypto trader IncomeSharks notes that Bitcoin is "poised for a strong breakout," with two likely outcomes: A vertical rally to $125,000 could unfold as early as August or healthy reset to $112,000 before new highs.
Supporting this, Glassnode data shows BTC is forming solid support between $110,000 and $117,000, with consistent accumulation on both dips and higher levels—creating a bullish staircase-like rise in the cost basis.
AshCrypto draws a parallel between BTC's four failed attempts to break $12,000–$14,000 before a 350% rally and ETH's fourth test of the $4,000–$4,200 zone. If the pattern holds, Ethereum could be on the verge of its own parabolic rise.
Trader Cyclop agrees, noting ETH is denying lower entry opportunities, a hallmark of accumulation ahead of a breakout. He sees ETH moving from $4,100 to $4,800 in a vertical move.
