Cryptocurrency Ethereum finished the month in the black for the first time in 4 years

According to the CoinGlass analytical platform, the value of the main altcoin ETH $3,360.19 Bridged Ether (StarkGate) -3.83% Market capitalization $0.3 billion VOL. 24 hours $1.4 billion increased by 3.5% in June. Market experts note that this is the first positive June for ETH since 2019. In 2020−2022, according to the results of the first summer month, altcoins lost 2.42%, 15.9%, and 44.79% in value, respectively.

On the night of Wednesday, July 5, ethereum rose to $ 1940. Analysts suggest that cryptocurrencies are probably preparing the ground for ETH to rise to $ 2000.

According to IntoTheBlock, the number of transactions worth more than $ 100,000 is growing on the Ethereum network. Over the past two days, the number of such transactions has increased from 2120 to 3230.

Over the past week, whales have completed transactions totaling almost $ 20 billion. Currently, their wallets control more than 11% of the ETH supply.

Analysts admit that the ether will break through the $ 2000 level. This is exactly what the activation of large cryptocurrency holders hints at. Targeted activity on the blockchain has been increasing since the end of last week. According to the EtherScan service, the average daily number of cryptocurrency transactions has already reached 1.061 million.

The nearest resistance zone for ethereum is at $ 1975. If the altcoin is able to overcome the pressure in this price range, it will have a chance to rebound to $ 2000.

According to CoinMarketCap, at the time of writing, the main altcoin is trading at $ 1,934, which is a 1.07% drop in the day. The market capitalization of the virtual coin is $ 232.6 billion, and daily trading volumes exceeded $ 4.9 billion. The market dominance of ETH has not changed since yesterday, with the digital asset occupying 19.3% of the market.