Flora Growth's support for 0G, YZi Labs' expanded investment in Ethena, and Vitalik Buterin's remarks on low-risk DeFi indicate technological innovation and stabilization within the Ethereum ecosystem. BNB's performance highlights the presence of competing chains, although macroeconomic uncertainties persist. The market bias remains neutral, supported by positive fundamentals, alongside growing expectations for a recovery.

・Nasdaq-listed Flora Growth Announces $401 Million Treasury Initiative to Support Zero Gravity (0G) Flora Growth's significant capital contribution to Zero Gravity (0G) signals the expanding application of blockchain technology to decentralized AI infrastructure. This could foster the development of AI-related applications on Layer 1 blockchains, including Ethereum, potentially contributing to surges in gas fees and network congestion. Notably, 0G being Solana-based suggests potential capital inflows into the Solana ecosystem and a possible shift of developers and users away from Ethereum. ・Changpeng Zhao's YZi Labs Increases Investment in Stablecoin Issuer Ethena The increased investment in Ethena by YZi Labs, led by Changpeng Zhao, is set to accelerate the adoption of synthetic dollar stablecoins like USDe. Ethena's growth could become a new source of liquidity within Ethereum's DeFi ecosystem, potentially offering higher yields. This may intensify competition in Ethereum's stablecoin market, potentially impacting established majors such as USDT and USDC. Furthermore, YZi Labs' involvement could be interpreted as a sign of expanding institutional services on Ethereum, possibly contributing to increased institutional adoption. ・BNB Rises 10% Over the Weekend, Targeting $1,250-$1,565 by Year-End BNB's price increase reflects growing confidence in the Binance ecosystem, potentially strengthening its position as a major blockchain second only to Ethereum. While increased activity on the BNB Chain might lead to temporary traffic diversion from the Ethereum network, the long-term growth of BNB Chain could impact Ethereum's market share. The year-end price targets appear to reflect the strength of the Binance platform and the increasing development activity on the BNB Chain. ・Vitalik Buterin Suggests "Low-Risk DeFi" Could Bring to Ethereum What Google Search Brought to Google Ethereum co-founder Vitalik Buterin's comments on the economic stability potentially brought by "low-risk DeFi" are boosting expectations for the sustainability and scalability of the Ethereum network. Revenue from low-risk DeFi protocols could stabilize Ethereum's gas fees and strengthen the network's economic foundation. This is considered a crucial element for Ethereum to establish its position as a practical financial infrastructure, rather than just a speculative asset, potentially supporting long-term value appreciation. ・Bitcoin Mining Difficulty Hits Record High Amid Centralization Concerns The all-time high in Bitcoin mining difficulty indicates an increase in network security and hash rate, signifying growing confidence in Bitcoin and more mining hardware coming online. However, concerns about centralization, such as the concentration of hash power among a few pools, are also being highlighted, posing a potential risk to Bitcoin's core principle of decentralization. Ethereum, through its transition to Proof-of-Stake (PoS), faces different security and decentralization challenges, and Bitcoin's trends may offer insights for the Ethereum community. ・Arthur Hayes Predicts Crypto Market Will Enter "Up-Only" Mode if US Treasury General Account (TGA) Reaches $850 Billion Arthur Hayes' analysis suggesting that the US Treasury General Account (TGA) reaching its balance target could trigger an "up-only" mode in the crypto market highlights the correlation between macroeconomic indicators and the crypto market. While funds flowing into the TGA absorb market liquidity, the subsequent potential release of liquidity upon reaching the target could drive inflows into crypto markets, particularly assets with broad ecosystems like Ethereum. This suggests that broader financial market trends, not just short-term market sentiment, influence Ethereum's price. ・Crypto Cannot Wait for Perfect Regulation The expert opinion that "crypto cannot wait for perfect regulation" points to the potential for regulatory uncertainty to stifle the development of innovative technologies, especially in the crypto market and particularly for platforms like Ethereum. Technological innovations progressing on Ethereum, such as the tokenization of Real World Assets (RWAs), cannot reach their full potential without a clear regulatory framework. Concerns regarding the European Union's (EU) proposed "Chat Control" legislation (mentioned in Article 5) also illustrate the difficulty in balancing privacy and innovation, underscoring the importance of dialogue with regulators. Overall Summary The previous day's cryptocurrency market showed clear signs of technological innovation and ecosystem expansion, including the growing application of blockchain to AI infrastructure, the proliferation of synthetic dollar stablecoins, and price rallies in major altcoins. Conversely, macroeconomic trends and regulatory uncertainty continue to influence the market. In parallel, Ethereum encompasses long-term growth factors, such as economic stabilization driven by low-risk DeFi. These developments are likely to accelerate Ethereum's technological evolution and market penetration.

Risks include macroeconomic factors (TGA, regulation), liquidity dispersion into the Solana ecosystem, and worsening overall market sentiment. The support level is around $4,400. Caution is warranted regarding regulatory uncertainty and the performance of major altcoins.

Short-term (24-48 hours): Expect continued range-bound trading as the market seeks direction. Mid-term (1 week): The release of macroeconomic indicators and significant technical developments could serve as catalysts, potentially driving an attempt to break the resistance level near $4,700. Key areas to watch include the growth of Ethena and progress in Real-World Asset (RWA) tokenization.

Conclusion: Ethereum is currently trading within a neutral market environment, buoyed by positive fundamentals such as advancements in AI infrastructure, the ongoing evolution of Decentralized Finance (DeFi), and increased stability from low-risk DeFi protocols. Technically, a bullish MACD crossover provides short-term support. However, with the RSI positioned in neutral territory, price action is anticipated to remain range-bound. Short-term trading is likely to consolidate between the $4,400 support level and the $4,700 resistance level. A prudent investment strategy would involve capitalizing on dips near $4,400 while targeting profit-taking around the $4,700 resistance. Implementing stop-losses should be considered if the price decisively breaks below $4,350, ensuring effective risk management. Crucially, monitoring the TGA balance, regulatory updates, and developments within the Solana ecosystem this week will be important for navigating potential shifts in market sentiment. Looking ahead, Ethereum's inherent technological advantages and the continuous expansion of its ecosystem are expected to serve as key drivers for sustained long-term growth.