Global #eth

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is facing a critical juncture in its price action. The digital asset has been battling resistance levels, struggling to break through and establish a sustained upward trajectory. This resistance, coupled with recent market volatility, presents a steep climb ahead for Ethereum.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a slight decline recently, aligning with the broader crypto market's downward trend. However, a well-known crypto analyst, Mags, anticipates a bullish 13% rally for Ethereum in the near future.

Bitcoin (BTC) and Ethereum (ETH), two of the largest blockchains, continued to lead the NFT market in May. While this initially seemed promising, a closer look revealed that NFT sales volumes for both ETH and BTC had actually declined over the past 30 days.

Over the last month, Ethereum has seen a robust 20% increase, largely attributed to the approval of eight spot-based ETF applications, a significant driving force behind this surge.

Vitalik Buterin, one of the creators of Ethereum, contributed 30 ETH, equivalent to roughly $113,000, towards aiding the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm. This donation was facilitated through the decentralized fundraising platform Juicebox.

Analysts are observing a shift in the cryptocurrency market dynamics, with altcoins taking the spotlight away from Bitcoin. There's growing anticipation of an upcoming altcoin season, fueled by positive signals from technical analysis and on-chain data.