$ETH Retakes $4k π The Daily Chart Report
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Todayβs Summary
Friday, August 8, 2025
Indices: Nasdaq 100 +0.95% | S&P 500 +0.78% | Dow +0.47% | Russell 2000 +0.17%
Sectors: 9 of the 11 sectors closed higher. Tech led, gaining +1.00%. Real Estate lagged, falling -0.82%.
Commodities: Crude Oil was unchanged today after a six-day losing streak, closing the week at $63.88 per barrel. Gold rose +1.09% to an all-time high of $3,491 per oz.
Currencies: The US Dollar Index fell +0.22% to $98.26.
Crypto: Bitcoin is currently down -0.50% at $116,935. Ethereum is up +3.04%, trading at a three-year high of $4,030.
Volatility: The Volatility Index dropped -8.62% to 15.15.
Interest Rates: The US 10-year Treasury rose to 4.248%.: Nasdaq 100 +.32% | S&P 500 -0.08% | Russell 2000 -0.30% | Dow -0.51%
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Donovan Jackson (@TheDonInvesting).
- Ethereum ($ETH) is back above $4,000 for the first time since December, unlocking the door to its all-time closing highs from 2021, near $4,600.
- Donovan notes that $4,000 has been the ceiling since March 2024, with each rejection followed by declines of -20% or more. However, it's finally above it after completing an 18-month base.
- It's also breaking out on a relative basis, with the $ETH/$BTC ratio reclaiming last year's low. Ethereum went from being down -56% YTD to being up +20%, nearly matching Bitcoin's YTD gain of +22%.
The Takeaway: Ethereum is breaking out on both an absolute and relative basis. While it hasnβt reached record territory yet, reclaiming $4,000 leaves little standing in the way.
Quote of the Day
"If you think the food is poison,
you can starve at a banquet."
- Art Cashin
Top Links
August Monthly Option Expiration Mixed and Often Volatile - Almanac Trader
Jeff Hirsch examines how stocks have historically performed around August options expiration.
Jeff discusses SPX internals and implications on CNBC - 8/8/2025
Jeff Degraaf shares his thoughts on the current market environment.
Breaking a 22-Year Ceiling π - The Daily Number
Grant Hawkridge highlights the breakout in Cap-Weighted S&P 500 vs. the Equal-Weight S&P 500 ($SPY/$RSP).
Stocks Stuck in No Manβs Land - Thompson's Two Cents
Larry Thompson breaks down this week's price action and key themes.
Increasing Earnings Vol - Bespoke
Bespoke points out that earnings reactions have been more volatile than usual this year.
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