Ethereum posted a substantial 5% gain on Thursday, September 4, driving the price toward $2,508. This breakout followed an extended consolidation phase confined between $2,400 and $2,560 support and resistance levels.
A major Ethereum whale exits 167,855 ETH worth $408M as Invesco clients and Abraxas Capital maintain strong market activity.
Ethereum's dominance is above 11% after the latest leg up.
Ethereum delivered Remixpoint's biggest altcoin profit, generating ¥60.2 million as the company exited its position on September 1.
According to PeckShield, the address associated with the Tectonic hack sent approximately 2,658.9 ETH, equivalent to $6.65 million, into Tornado Cash on September 3, UTC time. This transaction is a significant part of the money that was unrecovered by Cronos after validators rolled back the chain after the incident on August 30.
The Tectonic attacker has moved 2,659 ETH into Tornado Cash, raising fresh questions over fund tracing, recovery prospects, and user risk.
Ethereum blob usage reached a record, with a three-day moving average of 5.9 blobs per block and a daily average of 6.7. Current demand uses only about 40% to 50% of Ethereum's 14-blob target, leaving substantial capacity despite stronger rollup activity.
Bitmine's strategic shift to Ethereum highlights the growing appeal of staking revenues, potentially reshaping corporate crypto treasury models. Bitmine Immersion Technologies soars 46% in August as Ethereum treasury strategy pays off.
Bold target or a well-timed play? Hayes just laid out the reasons for ETH to hit $10K on 2026 wrap-up.
Arthur Hayes sees Ethereum reaching $10,000 by the end of 2026 as dollar liquidity expands. He also expects Bitcoin's next major move to be signaled by EUR/JPY, which he forecasts falling toward 140 or below.
Ethereum sees a surge in August development as Layer-2 upgrades, DeFi growth, privacy tools and institutional adoption expand.
Abraxas Capital's strategy highlights the potential for significant market influence and volatility in Ethereum trading, impacting broader crypto dynamics. Abraxas Capital buys $39M in Ethereum while holding $291M in shorts on Hyperliquid.