In lates crypto market news, prices of Bitcoin, Ethereum and Solana are each trading at pivotal technical junctures after the Fed’s 25bp rate cut.
Bitcoin has bounced back past $115,000 after an August dip below $112K.
Analysts point out that a weekly close above roughly $128K – a so‑called “blow-off top” target – would clear the way for new all-time highs.
Ethereum is hovering near its November 2021 peak ($4.86K). Actually, it climbed to $4,960 in late August.
A firm break above $4.86K could unleash a fresh uptrend, with many traders noting Ether’s 240% rally since April.
Solana is consolidating in roughly a $200–$260 range; chartists warn that breaking above $260 (Solana’s 2021 high) would likely send SOL into a new price-discovery phase toward $300.
In this article, we examine each chart and the macro catalysts supporting the crypto market rally.
Bitcoin (BTC) Price: Eyes on $128K
In further crypto market news, Bitcoin has carved out a base in the $113–117K area. After dipping under $112K last month, BTC quickly recovered to about $117K.
On the downside, $113.5K has held up as key support (near the $115K round number). On the upside, sellers have appeared around $117–118K and again near $120–122K.
Notably, analysts cite the $120K mark as a make-or-break pivot – staying above this level “could open the path to $128,000,” a so-called “blow-off top” target.
In fact, traders have explicitly flagged $128K as an upside blow-off-top level.
Ethereum (ETH) Price: Crypto Prices Eye New Peak
Elsewhere in crypto market prices, Ethereum is pushing toward its 2021 record high. In mid-August ETH traded around $4,744 – only 3% below the all-time high of $4,878.
A clean break above $4.86K would send ETH into uncharted territory, effectively resetting its peak.
Many traders note that ETH has already gained roughly +50% in recent weeks, demonstrating significant strength in its upside momentum.
These technical moves are backed by massive institutional flows. U.S. spot ETH ETFs now hold on the order of $12.1 billion and are drawing fresh inflows.
According to SoSoValue data, spot ETH funds saw a record $729M+ and even larger $1.02B inflow over consecutive days as ETH approached its prior high.
In total, net flows into ETH ETFs hit an all-time of $12.1B recently. At the same time, dedicated “Ethereum treasury” firms have been accumulating tokens.
Trackers show corporate ETH reserves (private treasuries) now hold on the order of 5 million ETH ($22.1B), and ETF issuers custody about 6.6 million ETH ($30B).
In other words, roughly 12 million ETH (10% of supply) is held by institutional treasuries and funds. These flows have provided a firm bid under ETH.
Given this backdrop, analysts have dramatically raised their targets. For instance, Standard Chartered recently lifted its 2025 year-end ETH forecast to $7,500 (up from $4,000), reflecting growing confidence.
Solana: Approaching $260 Resistance
Solana’s chart is tightening, with SOL trading in roughly the $200–$260 zone. Chart analysts note an ascending-triangle pattern is taking shape.
The $210–$215 range is the key pivot zone for Solana. If it clears this level, the next targets could reach $260, which is Solana’s previous all-time high, and potentially even higher.
If Solana clears $260 decisively, it would trigger a fresh phase of price discovery and could push the token past $300.
On-chain signals back that view. Solana’s total value locked is approaching record levels, and the SOL/BTC chart recently printed a bullish golden cross — the 50-day moving average moving above the 200-day.
Historically, golden crosses for SOL price preceded rallies of roughly 170%–240%. Viewed together, a clean breakout from the $200–$260 band would likely lift Solana substantially.
Macro Catalysts for Crypto Prices
Several broad factors are lining up to support cryptocurrencies.
The Fed’s quarter-point cut to 4.00–4.25% (first cut since 2022) was widely anticipated, and crypto prices had largely priced it in (BTC traded around $115–117K right after).
The latest Federal Reserve “dots” indicate the possibility of two additional 25 basis point rate cuts in 2025. Historically, lower rates tend to attract capital into riskier assets.
One study highlights that stock markets usually rise during Fed rate cut cycles, as long as the economy isn’t in a recession.
In fact, equities have averaged a +12% gain in the six months following an initial rate cut when economic conditions are strong.
Bitcoin has become increasingly correlated with stocks in recent years. As a result, any post-cut rally in equities could also push crypto prices higher.
U.S. spot Bitcoin ETFs saw an enormous recent inflow of $2.34B last week. Fidelity’s FBTC product alone took in $843M, that is 36% of that $2.34B.
In more crypt market news, Recent fund flows have pushed Bitcoin ETFs’ assets under management (AUM) to over a million coins.
At the same time, Ether ETFs have seen record subscriptions, with total investments surpassing $12 billion. Together, these large inflows are providing consistent support for crypto prices.
Additionally, a new wave of “digital-asset treasury” firms is bringing corporate capital into crypto markets.
Solana-focused treasury projects, in particular, have raised hundreds of millions to billions of dollars.
For example, Nasdaq-listed Helius Medical (HSDT) raised $500 million, along with $750 million in warrants, specifically to build a Solana treasury.