Nasdaq's application for tokenized equities and exploration of stablecoins by major banks signal a convergence with traditional finance (TradFi), boosting institutional interest in ETH. Meanwhile, distribution from Bitcoin long-term holders contributes to short-term selling pressure. Although the market trend is currently neutral, the fundamentals for ETH remain positive for the long term.

This analysis covers key cryptocurrency market news as of September 8, 2025, and evaluates its impact on ETH prices. ・Nasdaq Applies to SEC for Rule Change to Enable Trading of Tokenized Stocks Nasdaq's application to the U.S. Securities and Exchange Commission (SEC) for a rule change to enable the trading of tokenized stocks suggests that blockchain technology is advancing its integration into traditional financial markets. This could potentially popularize the concept of digital assets among a broader investor base and, alongside the move towards ETF approvals, further increase institutional investor interest in the cryptocurrency market. ETH, as a smart contract platform, has the potential to serve as the foundational technology for such tokenization, possibly leading to increased network activity and the creation of new use cases. ・CoinShares Aims for U.S. Public Listing via $1.2 Billion SPAC Merger European asset manager CoinShares' move to list on the U.S. Nasdaq market via a merger with a SPAC (Special Purpose Acquisition Company) is a step towards increasing the transparency and accessibility of crypto-related companies. This could make it easier for institutional investors to invest in cryptocurrency funds, boosting overall market credibility and facilitating capital inflows. The listing of companies like CoinShares signifies the growing maturity of the broader crypto ecosystem, potentially expanding indirect investment opportunities in major cryptocurrencies, including ETH. ・HSBC and ICBC Reportedly Considering Stablecoin License Applications in Hong Kong The reported intention of HSBC and Industrial and Commercial Bank of China (ICBC) to apply for stablecoin licenses in Hong Kong indicates a positive stance towards stablecoins from regulators in Asia and the active involvement of major financial institutions with blockchain technology. This could lead to increased adoption of stablecoins and a corresponding rise in transaction volume on blockchain networks. ETH, with its extensive ecosystem and smart contract capabilities, could potentially enhance its importance as a foundational platform for stablecoins and as a means of providing liquidity in Decentralized Finance (DeFi). ・CoinShares Leads $1.65 Billion Solana (SOL) Treasury Strategy for Forward Industry The commitment of $1.65 billion by major crypto firms, including Galaxy Digital, Jump Crypto, and Multicoin Capital, to Forward Industry's treasury strategy focused on Solana (SOL) signifies a substantial inflow of institutional capital into the Solana ecosystem. This move not only drives the growth and activity of the Solana network but also suggests growing interest in blockchain platforms beyond ETH. However, ETH remains the leading smart contract platform, and such competitive moves highlight the need for ETH to continue development and innovation to maintain its dominance. ・Michael Saylor's MicroStrategy Buys an Additional $217 Million in Bitcoin MicroStrategy's additional purchase of approximately $217 million worth of Bitcoin demonstrates that institutional investors continue to view Bitcoin as a store of value and an inflation hedge. This ongoing accumulation contributes to Bitcoin price stability and plays a crucial role in maintaining institutional confidence in the overall cryptocurrency market. While ETH has different use cases than Bitcoin, it is influenced by overall market sentiment, and such positive institutional actions can indirectly benefit ETH as well. ・241,000 BTC Sold by Long-Term Holders; Bitcoin Price Risks Falling Below $100,000 News that approximately 241,000 BTC were sold by long-term holders over the past month adds short-term downward pressure to the market. This suggests some investors are reducing holdings for profit-taking or risk aversion, potentially impacting overall market sentiment. As ETH is also influenced by institutional movements and broader market sentiment similar to Bitcoin, such large-scale Bitcoin sell-offs could exert short-term downward pressure on ETH prices as well. ・El Salvador Celebrates 4th Anniversary of Bitcoin's Legal Tender Status – Mixed Results El Salvador marking the fourth anniversary of adopting Bitcoin as legal tender highlights national-level cryptocurrency adoption attempts and their outcomes. The country reportedly holds 6,313 BTC, valued at over $700 million, but the results over four years are described as 'mixed,' underscoring adoption challenges. This news points to the practical aspects of national cryptocurrency adoption, implying the importance of challenges like regulation and infrastructure development for the adoption of platforms like ETH. Overall Summary News such as Nasdaq's application for tokenized stock trading and major banks considering stablecoin licenses suggests increasing integration between traditional financial markets and the crypto market, potentially boosting institutional interest in platforms like ETH. On the other hand, large sell-offs by Bitcoin long-term holders are adding short-term downward pressure, while continuous Bitcoin purchases by companies like MicroStrategy help maintain overall market confidence. Overall, the market is reacting sensitively to regulatory developments and institutional movements, and ETH must adapt to these changes through ecosystem expansion and technological innovation.

A large-scale sell-off of Bitcoin held for a long time (241,000 BTC) carries the risk of applying short-term downward pressure on market sentiment. Ethereum (ETH) could also be affected, potentially breaking below its support level at $4,242. Regulatory uncertainty and worsening macroeconomic factors are also potential risks that warrant attention.

In the next 24-48 hours, we anticipate consolidation or a slight decline, influenced by selling pressure on Bitcoin. However, positive news concerning institutional investors is expected to provide support. Over the next week, Bitcoin's price action and further regulatory developments will be key. If positive momentum continues, a breakout towards the upper range limit is possible.

The market currently maintains a neutral to slightly bullish sentiment. Nasdaq's application for tokenized stocks and the consideration of stablecoins by major financial institutions suggest a convergence with traditional finance (TradFi), reaffirming the underlying value of ETH. While sell-offs from Bitcoin long-term holders present a short-term concern, MicroStrategy's continued accumulation supports market confidence. ETH, although influenced by these sentiments, holds significant potential to benefit from its robust ecosystem and diverse use cases. As a practical strategy, consider range trading within the support levels of $4,200-$4,242 and resistance levels of $4,482-$4,500. For short-term trades, buying on dips between $4,200-$4,250 is recommended, with a stop-loss set below $4,180 and targets at $4,450-$4,500. Long-term investors are advised to continue accumulating within this range. This week, pay close attention to Bitcoin's price action and news regarding institutional investors. In terms of risk management, be mindful of position sizing and remain cautious of any breaks below the $4,200 support level. Maintain a disciplined strategy, trusting in the market's growth potential and ETH's pivotal role.