Ethereum remains the main driver of altcoins in August 2026. ETH is currently trading around $3,200 - $3,400 USDT, up slightly by 1-2% over the past week. Positive sentiment is fueled by Layer 2 updates and rising TVL in DeFi + RWA. Spot ETH ETFs are also starting to see institutional inflows again. ETH has strong support at $3,050 and resistance at $3,500. If $3,500 breaks, the next target is $3,800. However, volatility remains high due to US inflation data and BTC movements. Many traders use ETH for 1-2-day swings because it has the highest liquidity after BTC.$ETH

8.27 Evening Bitcoin and Ethereum Market Analysis In the afternoon, BTC stabilized around 78800, after which the bulls staged a high-volume rebound, breaking through resistance around 79500 and continuing past the 80000 level. It then stalled and came under pressure at 80499 before pulling back to around 79100. On the ETH side, the bulls saw sufficient volume in the afternoon, successfully breaking through 2550 and setting a recent high at 2566, before quickly pulling back to around 2500. On the BTC 1-hour chart, although the afternoon surge broke through the resistance from the upper Bollinger Band, it failed to stabilize nearby. However, this rebound also pushed the overall trend upward again. The price is now approaching the middle-band support area, with MACD forming a death cross at a high level while KDJ is nearing the oversold zone, indicating a technical pullback. In the evening session, first watch the direction of volume release after the U.S. stock market opens. If BTC breaks through the 80000 level again on high volume, follow on the right side toward the previous high, while ETH can simultaneously target the 2540-2560 range. Also pay attention to the strength of the pullback; if stabilization begins to emerge, short-term traders can follow the move for further upside. $BTC #英伟达财报周 $ETH

Could BTC rise to 85,000$BTC ? If it breaks through, this will be bullish up to 100k+++ #CandyDrop1BTCForOldUsers #BTCBreaches69000Up6.43% $ETH $BTC