Latest virtual money market forecast: Is BTC and ETH forming a bottom at a low level or undergoing a depth pullback?

As of August 26, 2025, the current price of Bitcoin is $110,000, and Ethereum is $4,430. The market has generally entered a pullback phase after experiencing a high point a week ago, with a mix of bullish and bearish factors in the technical landscape, making the short-term direction the focus of market attention.

This article will analyze the core token trends for you by combining the latest market data and project dynamics.

Bitcoin Market Analysis: The Game Between Bottom Building at Low Levels and Bearish Trends

Bitcoin is currently in a low-level bottoming stage. The classic candlestick pattern shows a bullish engulfing signal, indicating the possibility of a rebound, but the extremely low trading volume and the bearish arrangement of the moving average system limit the rebound space.

The daily level has seen three consecutive days of bearish trends, indicating heavy selling pressure above. The 4-hour level is in a weak pattern. The MACD on the daily and short-term continues the bearish trend, and the EMA trend indicator confirms the short-term bearishness.

Key operation point reference:

• Long position: $110,500 (defend $110,000, stop loss 500 points, target $113,000)
• Short point: $114,000 (defend $114,500, stop loss 500 points, target $111,000)

Another analysis suggests that BTC/USD may attempt to test the resistance zone at 113,065. If it fails to break through effectively, it may continue to probe the support area at 100,885.

Ethereum Trend Analysis: Technical Divergence and Critical Support Test

Ethereum's technical analysis shows certain bullish signals, but the extremely low trading volume and divergence between price and volume limit the upside potential. The moving average system shows a bullish arrangement, accompanied by the formation of a golden cross, which theoretically supports a price rebound.

The daily level is oscillating at a high position, but the past two days have closed with bearish candles, indicating a weakening upward momentum. The 4-hour level shows a clear downtrend, with highs gradually decreasing and lows continuously moving lower.

Technical indicators show: MACD 4-hour bearish strength dominates, EMA trend indicator weakens, and K-line has a high probability of continuing to decline.

Short-term trading strategy:

• Long zone: around $4,500 (defend $4,450, stop loss 30 points, target $4,700)
• Shorting area: around $4,700 (defend at $4,750, stop loss 30 points, target $4,500)

Coinedition analysis shows that after a rapid drop in ETH price from the $4,900 region, it is crucial to observe whether the price can stabilize or fall into the $4,500–$4,550 range within the next 24 hours.

Market Capital Flow: Whales Accumulate at Dips and Platform Fund Inflows

Despite the market downturn, large investors (whales) are showing a tendency to accumulate at lower prices. On August 26, a certain whale used 99.03 million USDC to purchase 10,000 Ether (approximately 43.67 million USD) and 500 Bit (approximately 54.99 million USD).

In terms of fund flow in exchanges, according to DefiLlama data, Gate exchange has seen a net fund inflow of over $85.2 million in the past 24 hours, ranking second globally. This reflects, to some extent, the market's favor towards the platform and the anticipation for future trading.

Project Update Focus: QKN Global Live Streaming and POL Migration

QKN Global Live Broadcast Preview

The decentralized computing financial project QKN announced that it will hold its first global Chinese live broadcast on August 26 at 20:00 (UTC+8). This event invites over a hundred well-known KOLs, community leaders, and researchers from the cryptocurrency industry to participate, and will be broadcast simultaneously on more than ten mainstream platforms including Binance, Huobi, and Gate.

The mechanism innovation of QKN includes:

1. "Zero Loss for Miners" protection mechanism: If a miner's daily earnings are below 0.3%, they can choose to sell their computing power directly.
2. The protocol income will fully repurchase 100% of QKN and lock it for 10 years.
3. The computing power increases automatically by 0.3% daily, with a compound interest effect.
4. Mobile full node design, reducing participation thresholds.

The live event is expected to discuss the new narrative of the financialization of computing power, which is worth following.

Polygon (POL) migration

Polygon will complete the migration from MATIC to POL tokens on August 26, and the native USDT0 will be launched on the PoS chain the following day. The current trading price of POL is around $0.2402, with an RSI of approximately 38, indicating an oversold area. This migration is an important step in the development of the Polygon ecosystem and may have a medium to long-term impact on the price.

Performance of Other Tokens and Market Outlook

Cardano (ADA) is currently priced at around $0.89 after failing to break through the $0.95 resistance level. The recent decline can be attributed to selling pressure at the top of the channel and moderate capital outflows. Its short-term outlook depends on whether it can hold the support area of $0.85 to $0.86.

GateToken (GT) has experienced a pullback after a strong surge recently, with a 24-hour decline of 5.72%, currently priced at 18.07 USD. One of the reasons for its pullback is the cooling enthusiasm in the market for Gate's new business.

Future Outlook

The market is generally in a consolidation pattern today. Although Bitcoin and Ethereum have shown signs of bottoming out at low levels, the strength of the bears should not be underestimated.

The bottom-fishing behavior of whales suggests that some large holders still have confidence in the future market, while project dynamics like QKN Live and the migration of Polygon have brought new narratives and discussion topics to the market.

Be cautious of risks in operations and closely monitor the effectiveness of key support levels. In the short term, you can refer to the long and short strategies mentioned in the text for flexible responses.

What is most terrifying in the market is not the lack of trends, not the lack of opportunities, but the confusion of having no direction.