Ethereum

Bitcoin

Chainlink

Stellar

<p style="text-align: justify;">Ethereum (ETH) has exhibited a relatively low price performance compared to other high market cap cryptocurrencies, including the leading cryptocurrency <a href="https://en.coin-turk.com/bitcoin-requires-scaling-solutions-to-expand-beyond-payments-says-vitalik-buterin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), this week. ETH, which surpassed $2,000 last week, has lost over 5% in the past week, dropping below $1,900 and trading at around $1,890. Santiment, a cryptocurrency analysis platform, shared current data and metrics evaluating the current price performance of ETH.</p> 
<h2 style="text-align: justify;" id="eth-falls-below-1-900">ETH Falls Below $1,900</h2> 
<p style="text-align: justify;">Bitcoin (BTC), the leading cryptocurrency, experienced a downward momentum and fell below $30,000, losing over 4.5% in the past week and trading at around $29,700. According to CoinMarketCap data, the total market cap of the crypto industry has decreased to $1.2 trillion. However, despite the downward trend in the cryptocurrency market, <a href="https://en.coin-turk.com/this-altcoin-breaks-its-chains-the-reason-behind-the-rally-in-chainlink-link/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink</a> (<a href="https://en.coin-turk.com/this-altcoin-breaks-its-chains-the-reason-behind-the-rally-in-chainlink-link/" data-wpel-link="internal" rel="noopener noreferrer nofollow">LINK</a>), Stellar (XLM), and XRP recorded significant increases in value, differentiating themselves positively from the market.</p> 
<p style="text-align: justify;">On the other hand, Ethereum (ETH) exhibited a relatively low price performance compared to most high market cap cryptocurrencies during this period. Although it surpassed $2,000 levels last week, ETH has recently accelerated its losses and dropped below $1,900.</p> 
<h2 style="text-align: justify;" id="img-decoding-async-class-wp-image-238832-size-full-aligncenter-src-https-coin-turk-com-wp-content-uploads-2023-07-ethereum-eth-2-png-alt-width-1716-height-1312"><img decoding="async" class="wp-image-238832 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/07/Ethereum-ETH-2.png" alt="" width="1716" height="1312"></h2> 
<h2 style="text-align: justify;" id="calm-before-the-storm-in-ethereum">Calm Before the Storm in Ethereum</h2> 
<p style="text-align: justify;">ETH, which has lost over 5% in the past week according to CoinMarketCap (CMC) data, dropped below $1,900 and started trading at around $1,890. As the loss in value in ETH accelerated, Santiment, a cryptocurrency analysis platform, evaluated the current situation in Ethereum and shared current data and metrics.</p> 
<p style="text-align: justify;"><img decoding="async" class="wp-image-238833 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/07/Santiment-Ethereum-1.png" alt="" width="1198" height="1058"></p> 
<p style="text-align: justify;">Santiment, evaluating the recent situation in ETH through a new blog post, claimed that while LINK and XRP have been making headlines with significant increases in value in recent times, ETH has exhibited a relatively low price performance during this period. However, Santiment argued that the current metrics paint a positive picture for ETH.</p> 
<p style="text-align: justify;"><img decoding="async" class="wp-image-238834 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/07/Santiment-ETH.png" alt="" width="2654" height="1436"></p> 
<p style="text-align: justify;">Santiment stated that the current data and metrics indicate that ETH may surpass $2,000 levels again in August and pointed out critical metrics. According to Santiment, the decrease in ETH supply on cryptocurrency exchanges indicates a low possibility of large-scale ETH sales in the near future.</p> 
<div class="sorumluluk_reddi" style="text-align: justify;"> <strong>Disclaimer:</strong> This article does not contain investment advice. Investors should be aware that cryptocurrencies carry risks due to their high volatility and should conduct their own research when making transactions. 
</div> 
<h5>The post <a href="https://en.coin-turk.com/calm-before-the-storm-in-ethereum-crypto-analysis-platform-shares-critical-data/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Calm Before the Storm in Ethereum! Crypto Analysis Platform Shares Critical Data!</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>

Calm Before the Storm in Ethereum! Crypto Analysis Platform Shares Critical Data!

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