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Bitcoin Eyes $114K, but Ether Steals the Show
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As we roll into Sunday’s weekly close, Bitcoin’s earlier fireworks are starting to fizzle — while Ether is busy stealing the spotlight (and maybe the whole stage). Let’s break it down:
Bitcoin: Holding the Line at $114KBTC Price: ~$112,038
After Friday’s surge to ~$117,500 (thanks, Jerome Powell, for whispering “rate cuts” at Jackson Hole), Bitcoin cooled off into the weekend.
The focus now? $114K — dubbed a “key” weekly close level by analysts.
Traders also have their eyes on a CME futures gap to the upside, offering a new short-term target. History shows these gaps tend to get filled fast.
Ether: The Main Character EnergyETH Price: ~$4,641
Ether printed new all-time highs this week and traders are hyped.
Popular trader BitBull notes:
“If ETH closes above $4.6K weekly, that’s a record — setting the stage for $5,200–$5,500 by next week.”
Whales are aggressively rotating BTC into ETH, according to Arkham data. Even after a 300% rally in just 4 months, big money still isn’t tapping the brakes.
Market Vibes & CME GapsETH futures: Already filled its CME gap and bounced back up.
BTC futures: A fresh gap is now on the radar after the weekend drift. Trader Daan Crypto Trades reminds us:
“Most of these gaps close on Monday… or never open at all.”
Translation: Monday could get spicy.
The Big PictureBitcoin is consolidating around the crucial $114K level.
Ether’s historic rally and whale demand are stealing attention (and possibly liquidity).
With both assets dancing around CME gaps, the next weekly candle could set the tone for September.
Question for the crowd: Do you think ETH keeps running toward $5.5K first, or does BTC retake the spotlight with a push past $114K? -
What stands out to me here isn’t just ETH’s price action, but the conviction behind it. When whales are rotating out of BTC and into ETH even after a 300% rally, that’s not just chasing momentum — that’s capital signaling where it sees structural strength. ETF inflows, corporate treasuries, DeFi activity, and staking yields are creating a multi-layered demand story that Bitcoin simply doesn’t have. BTC at $114K is definitely an important technical level, but ETH breaking into all-time highs with liquidity still flowing in makes it feel like we’re watching the market crown a new leader in real time. The real question: does this become an ETH-led altseason, or do we just end up with fragmented liquidity as BTC consolidates?
