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Ethereum eyes breakout to $5,000 as Cathie Wood bets on ETH treasury firm

  • Ethereum trades above $4,600 as bulls target a breakout to $5,000
  • A surge in Ethereum ETF net inflows and broader crypto bounce give buyers an edge.
  • Tom Lee has predicted the ETH price surging to $5,500 and possibly $10,000 in 2025.

Ethereum price hovers at around $4,595, slightly down in the past 24 hours but above a key support level as bulls eye a potential breakout to $5,000.

The outlook for ETH is thus largely bullish as renowned investor Cathie Wood’s ARK Invest bets on Ethereum’s future gains with a splash in BitMine Immersion Technologies.

BitMine, an Ethereum-focused treasury firm, has aggressively amassed the top altcoin in a show of institutional confidence in the second-largest cryptocurrency.

Ethereum holds $4,500 as Cathie Wood bets on BitMine

Notably, in recent weeks, Ethereum has shown resilience as bulls hold prices above $4,000 and then $4,500 despite recent market volatility.

This stability has coincided with a surge in interest in the altcoin on Wall Street, most notably via publicly traded SharpLink and BitMine.

Cathie Wood’s ARK Invest, which is a big investor in cryptocurrencies and related companies, has taken a bold step in betting on Ethereum via BitMine.

Over the past few weeks, Wood’s asset management firm acquired over $300 million in BitMine shares across its flagship ETFs, including ARKK, ARKW, and ARKF.

BitMine, which pivoted from Bitcoin mining to building an Ethereum treasury, currently holds over $7.5 billion worth of ETH.

The haul makes it the largest corporate holder of Ethereum, whose price has jumped 19% in the past month and over 83% in the past year.

ETH price forecast: $5,000 next as institutional interest spikes

Analysts are increasingly bullish on Ethereum, with many forecasting a breakout above $5,000 after bulls recently hit the all-time high of $4,946.

Ethereum’s surge to a new ATH came amid growing demand and buying among whales and Wall Street players.

With regulatory developments buoying DeFi and stablecoin ecosystems, ETH gained in market dominance.

Meanwhile, institutional interest, signalled by a spike in net inflows into Ethereum ETFs, has catalysed Ether’s price gains.

As crypto analyst Lark Davis points out below, over $1.8 billion has flowed into ETH in the past five days.

Analysts have forecast a surge past $10,000 for Ethereum in 2025, with firms like BitMine driving the uptick.

Over the short term, ETH is expected to rally above $5,000 amid price discovery.

Recently, Bitmine chairman Tom Lee predicted that Ethereum’s ETH price could rise to $5,500 in the coming months, with bulls jumping as high as $10,000-$12,000 by the end of the year.

The price of ETH topping the $5k level is the bulls’ first target.

Given a technical picture that’s overall bullish, this outcome could catalyse gains for many ETH beta plays.

The post Ethereum eyes breakout to $5,000 as Cathie Wood bets on ETH treasury firm appeared first on CoinJournal.

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Hyperliquid price forecast as HYPE sees pullback after hitting all-time high

  • Hyperliquid price jumped to a new all-time high above $51.
  • The token broke higher as HYPE bulls held above a major ascending trendline.
  • While price is down 4% from the ATH and hovers near 48, analysts predict further gains.

Hyperliquid (HYPE) stood out among top cryptocurrency performers this week as the native token of the high-performance layer-1 blockchain rose to a new all-time high above $51.

But can bulls hold prices above a key trendline and enter price discovery?

Hyperliquid pares gains after bulls reach new ATH

HYPE has been on a tear, climbing to an all-time high of $51.07 on August 27, 2025, fueled by a slight crypto market bounce that saw Bitcoin flip to above $113k from under $110k.

The gains came as stocks edged higher ahead of Nvidia earnings, and then futures surged after the AI chip giant posted a revenue beat.

With weekly gains exceeding 18%, Hyperliquid outpaced many top cryptocurrencies and stormed to its new ATH.

Having captured the crypto market’s attention with spot volumes hitting daily peaks above $3.5 billion, HYPE token’s price jumped more than 17% in the past week.

This saw the 16th-ranked altcoin hit highs of $51 across major exchanges.

CoinGecko data shows the altcoin’s price managed a 1,174% rally from its all-time low of $3.81 reached in November 2024.

Whales are aggressively buying HYPE.

On-chain activity, with Hyperliquid’s decentralised exchange recording new highs in daily trading volume and fees, helped bulls.

Institutional adoption, highlighted by spot exchange-traded fund anticipation and support by BitGo and Anchorage Digital Bank, has been a key catalyst.

Hyperliquid price forecast: Is $100 next for HYPE?

The broader crypto market bounce, with Cronos (CRO) jumping on Trump Media news, also helped HYPE drive higher.

Analysts now say Hyperliquid price could extend gains in the coming months, with bulls likely to see triple-digit moves as they eye $100 and higher.

However, HYPE has pulled back slightly, with profit-taking currently seeing the token hover above $48.

Despite the pullback, market sentiment remains optimistic, supported by Hyperliquid’s dominance in the decentralised perpetuals market.

HYPE chart by TradingView

The daily chart above shows the technical outlook for HYPE is largely bullish as the token holds above a key ascending trendline.

It signals sustained buyer demand, with the Relative Strength Index (RSI) above 57 to suggest that momentum favours the bulls.

The daily MACD also shows a bullish crossover, with the histogram’s green bars strengthening.

If HYPE regains upside traction, analysts believe it could enter price discovery mode, potentially targeting $100 in the coming months.

As noted, a broader market downturn could push HYPE toward support levels, with demand reload zones around $42 and then $30.

The post Hyperliquid price forecast as HYPE sees pullback after hitting all-time high appeared first on CoinJournal.

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Solana price surge amid Alpenglow Upgrade and PSG1 Console debut

  • Solana surges past $214 amid strong retail and institutional demand.
  • Alpenglow upgrade aims to cut block finality to 150 milliseconds.
  • PSG1 console launch merges gaming, NFTs, and secure crypto storage.

Solana (SOL) has captured the attention of cryptocurrency investors this month, surging past $214 and outperforming major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).

On August 28, SOL surged to $214.57, marking a near 6% increase over 24 hours and a 14.3% surge over the past week.

This price surge can be attributed to the growing confidence in Solana’s technical roadmap amid the ongoing voting on the Alpenglow upgrade proposal, coupled with the network’s recent achievement of 107,540 transactions per second during a stress test, demonstrating its capacity for high-throughput applications.

Alpenglow upgrade sparks optimism

At the heart of Solana’s recent momentum is the Alpenglow upgrade, a network overhaul aimed at drastically improving transaction speed and consensus efficiency.

The community has begun voting on the SIMD-0326 proposal, which seeks to replace the current Proof-of-History and TowerBFT mechanisms with a new architecture called Votor.

Votor’s direct-vote protocol is designed to reduce block finality from 12.8 seconds to an impressive 150 milliseconds, while Rotor, a simplified block propagation system, will streamline data dissemination across the network.

Investors and developers alike are closely monitoring the vote, which spans three epochs and requires a two-thirds majority of validators to pass.

Although only 11.3% of validators have cast votes so far, the proposal is being widely viewed as a transformative step for the Solana ecosystem.

voting on the SIMD-0326 proposal

The upgrade promises not only to accelerate transaction confirmation but also to enhance the performance of decentralised applications, making the network more competitive in the high-speed blockchain arena.

Play Solana Gen 1 (PSG1) handheld console

Adding to Solana’s bullish narrative is the upcoming release of the Play Solana Gen 1 (PSG1) handheld console.

Scheduled to begin shipping on October 6, the device represents Solana’s continued push into consumer hardware and Web3 gaming.

The PSG1 combines gaming capabilities with a secure crypto wallet, allowing users to store digital assets via fingerprint authentication while enjoying a touchscreen experience powered by an octa-core ARM processor and 8GB of RAM.

The console also features a limited NFT collection of 2,000 tokens, offering holders early access and exclusive perks.

This marks a logical extension of Solana’s hardware strategy, which began with the Saga smartphone in 2022 and continued with the Seeker device in 2024.

These devices highlighted the demand for blockchain-integrated consumer products, with Seeker alone securing over 150,000 pre-orders and generating an estimated $67.5 million in revenue.

The PSG1 launch not only expands Solana’s physical product portfolio but also reinforces the ecosystem’s focus on blending crypto, NFTs, and gaming, attracting both developers and retail users.

This integration of entertainment and blockchain functionality is expected to drive engagement and position Solana as a pioneer in consumer-facing Web3 products.

Retail and institutional interest surge

Alongside technical upgrades and hardware launches, Solana’s market sentiment has been increasingly bullish.

Retail investors are displaying unprecedented optimism, with bullish-to-bearish sentiment ratios reaching 5.8:1 — the highest in eleven weeks.

Institutional interest has also intensified, with firms such as Pantera, Galaxy Digital, and Jump Crypto taking substantial positions in SOL.

Speculation surrounding a potential Solana ETF approval, anticipated by October, has added further fuel to the market rally.

But despite these positive signals, challenges remain.

Retail participation on Solana-based decentralised exchanges has declined from 4.8 million daily traders earlier this year to just 900,000 in August, influenced by meme coin scams, social media hacks, and the growing dominance of Ethereum’s DeFi ecosystem.

While SOL’s DEX volume share has rebounded to 27%, analysts caution that reliance on meme coin activity may limit long-term growth unless the network diversifies its offerings.

Nevertheless, the combination of network upgrades, innovative hardware releases, institutional backing, and bullish retail sentiment paints a positive outlook for Solana.

With the Alpenglow upgrade and PSG1 console debut on the horizon, the blockchain is positioning itself at the forefront of both high-performance DeFi applications and consumer-facing Web3 products, signalling a period of heightened activity and investor confidence.

The post Solana price surge amid Alpenglow Upgrade and PSG1 Console debut appeared first on CoinJournal.

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PUMP circulating supply shrinks as Pump.fun’s total buybacks surpass $58M

  • The Launchpad bought PUMP worth $10.6M last week.
  • fun has spent more than $58M to repurchase the native token.
  • The program has reduced the PUMP circulating supply by 4.26%.

The Solana-based meme trading and creation platform is once again in the spotlight, this time with its significant buyback program.

Pump.fun has announced that it used $10,657,503 to buy PUMP between August 20 and 26.

The number made headlines as it represents 99.32% of the total revenue the network yielded in that timeframe.

The move reflects Pump.fun’s dedication to strengthening PUMP’s tokenomics through steady investment.

That’s vital, especially since the platform lost its key investors after massive exits.

Last week’s over $10 million buyback reinforces investor confidence in the team’s long-term vision while injecting new demand into the altcoin.

Pump.fun buybacks top $58 million

The meme generator launched its buyback program in mid-July with plans to reinvest all platform revenue into native PUMP.

Pump.fun has accumulated tokens worth over $58 million since introducing the initiative.

The team said:

To date, Pump.fun has purchased a total of $58,134,191 million PUMP tokens, offsetting 4.261% of the circulating supply.

That’s a substantial milestone that places the project among the top networks known for direct asset purchases.

Meanwhile, the impact of the Pump.fun’s buyback is notable.

The project has trimmed the PUMP circulating supply by 4.261%.

Sustained supply reduction could have bullish effects as it translates to scarcity and increased demand.

What does it mean for holders?

Buybacks often indicate confidence and trust from the project’s team.

For Pump.fun, the strategy has two key impacts.

Firstly, weekly purchases will bolster demand for the native coin.

Also, removing a massive supply will trim supply, which could ensure price stability and growth in the coming times.

Such mechanisms attract experienced investors since they position the alt as an asset with stable demand, not hype.

Sentiment and market response

Cryptocurrency enthusiasts are always quick to discover massive buybacks, and it was the same for Pump.fun.

While the latest $58 million milestone confirms the launchpad’s strength, the comment sector appeared dissatisfied.

Most people focused on the upcoming airdrop, which the PUMP team confirmed will not happen soon.

Also, skeptics caution that the platform might not sustain such buybacks as they rely on consistent revenue generation.

Pump.fun should ensure continued growth for steady fund flows for the repurchase strategy.

Meanwhile, one X user remained optimistic, stating:

Consistent offsets like this tighten supply and make every new demand spike more impactful.

PUMP price outlook

The native token has failed to recover from its initial sell-off.

PUMP changes hands at $0.01557 after losing 28% and 40% in the past month and week.

Technical indicators demonstrate PUMP’s near-term weakness, exacerbated by the ongoing broader market bloodbath.

The meme cryptocurrency hovers well below the 50 and 100-EMAs on the 3H timeframe.

Also, the MACD signals dominant selling pressure with a bold crossover and red histograms.

The RSI at 10 confirmed faded momentum, but the oversold signals hint at possible reversals.

The team should elevate the project’s appeal among investors and traders to enhance sentiment.

While buybacks are bullish, steady demand from the community is essential for a full impact.

The post PUMP circulating supply shrinks as Pump.fun’s total buybacks surpass $58M appeared first on CoinJournal.