As of August 23, the trend of publicly traded companies incorporating Ethereum into their balance sheets has seen the total value of corporate ETH holdings soar to $31 billion, an increase of $2 billion compared to last month.

The Nasdaq-listed company BitMine Immersion Technologies has holdings of 1.523 million ETH (approximately $7.3 billion) and plans to raise $20 billion to continue increasing its holdings, with a target of controlling 5% of the global ETH circulation. It ranks second with a holding of 740,000 ETH, of which 99.7% of its assets are deployed in staking protocols. The company not only passively holds ETH but also operates validation nodes and participates in liquid staking and DeFi strategies to achieve an annualized return of 3%-4%. # Technical Analysis and Market Outlook
The technical pattern confirms Ethereum's strong breakout. ETH has remained above the MA25 daily moving average, with the 4-hour chart forming a descending wedge breakout, and the daily chart completing a bullish flag formation.
The key resistance level of $4300 has turned into a support level. The Relative Strength Index (RSI) remains high at 66, and the MACD histogram has shifted from negative to positive with a golden cross appearing on the monthly chart, all of which are technical signals for the end of a four-year downtrend. Analysts have provided tiered forecasts for Ethereum's future price: after breaking through $4800, the first resistance zone becomes $4900-$5500;
- **Medium-term target**: The technical model shows around $6100 as a reasonable target;
- **Long-term forecast**: Standard Chartered has raised its year-end target to $7,500, looking at $25,000 by 2028. #ETH#