Ethereum News Today: Investors Split as Equities Climb and Crypto Holds Breath

The S&P 500 reached a record high of 6486.95 on Monday, marking a significant milestone in equities markets. The index briefly held that level before retreating slightly to 6484.84 by the close of the session [1]. This rally came amid broader market optimism, though investors remained cautious ahead of key macroeconomic data releases, including the upcoming U.S. GDP report and the Non-Farm Payrolls data in September. The rise in equities has not been mirrored directly in the crypto markets, which have displayed a more complex and volatile response to recent developments [2].

In the cryptocurrency sector, Bitcoin and Ethereum both experienced notable rebounds on Monday, with Bitcoin briefly trading above $111,000 and Ethereum trading near $4,580 [3]. Bitcoin’s slight recovery followed a sharp decline to $108,666 during the Asian session on Tuesday, indicating fragile sentiment among traders. Despite a brief rebound, technical indicators remain mixed, with the RSI below 50 on Bitcoin’s daily chart, suggesting bearish momentum. A sustained move above $116,000 would be necessary to validate a broader recovery [4].

Ethereum, on the other hand, showed more consistent strength, trading above $4,400 and showing signs of rallying toward its all-time high of $4,956. The RSI for Ethereum stood at 57, signaling bullish momentum, with bulls eyeing the psychological resistance level of $4,950. Ethereum’s performance has been further supported by steady inflows into Ethereum spot ETFs, with over $444 million added on Monday alone. This trend underscores growing institutional interest and suggests a potential shift in capital from Bitcoin to Ethereum [5].

Smaller-cap altcoins, such as Solana (SOL), also contributed to the crypto market’s overall upswing. Solana surged over 4% on Monday, reaching levels above $213 and showing strong momentum indicators on the 4-hour chart. The coin’s price action indicated a potential continuation of its upward trajectory, though traders remain cautious given the high volatility typical of altcoins [2]. Ripple (XRP) also posted a modest recovery, trading near $2.99 after a recent dip below $3.00. The altcoin’s momentum indicators showed signs of easing bearish pressure, but a sustained move above $3.00 would be critical for bullish confirmation [3].

The broader market environment has been shaped by mixed signals from both equity and crypto markets. While the S&P 500 hit a new peak, the crypto market lacks the strong catalysts needed to sustain a prolonged bullish trend. Investors remain cautious, with many awaiting macroeconomic developments and central bank policy shifts before committing to new positions. The Fed’s recent comments about potential rate cuts in September have failed to provide a clear direction for either market, adding to the uncertainty [6].

Looking ahead, market participants are closely watching the outcomes of ETF approvals for spot Ethereum, with Bloomberg analysts raising their probability estimate to 75%. If approved, this could drive additional inflows into the Ethereum market and potentially reignite broader crypto optimism [5]. However, for Bitcoin, the focus remains on whether it can reclaim key support levels, including its 200-day EMA at $103,740, without slipping below the critical $100,000 round figure [4].

Overall, the interplay between equities and cryptocurrencies continues to evolve. While the S&P 500 reached new highs, crypto markets remain in a consolidative phase, with traders waiting for clearer signals before moving decisively. The coming weeks will be pivotal, particularly with the release of key macroeconomic data and potential regulatory developments in the ETF space.

Source:

[1] ChainCatcher (https://www.chaincatcher.com/ko/article/2201337)

[2] MarketPulse (https://www.marketpulse.com/markets/crypto-markets-enjoy-a-bullish-session-eth-btc-and-sol-technical-outlook/)

[3] FXStreet (https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-eth-and-xrp-mild-recovery-sparks-optimism-202508270340)

[4] Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1070173-20250826)

[5] Investors.com (https://www.investors.com/news/cryptocurrency-prices-news/)

[6] Fool.com (https://www.fool.com/investing/2025/08/24/here-are-the-top-growth-cryptocurrencies-every-new/)