While Bitcoin, the leading cryptocurrency, lost nearly 1% in value in the last 24 hours, Ethereum (ETH) has started the third quarter of the year on an upward trend. According to CoinMarketCap (CMC) data, ETH recorded a 1.7% value increase in the last 24 hours, managing to surpass the $1900 levels again. Furthermore, according to recent data shared by cryptocurrency analysis platforms, many metrics in Ethereum have recorded significant rises recently.
Ethereum Begins the Third Quarter with an Increase
Following the Wall Street Journal’s report that the SEC’s requests for a Spot Bitcoin ETF were insufficient, the leading cryptocurrency Bitcoin (BTC) fell below the $30,000 price level for a short while and started the day with a decline. However, despite the value losses in BTC, Ethereum recorded a 1.7% increase in value over the past 24 hours, managing to exceed the $1900 resistance again.
On the other hand, while ETH started the third quarter of the year on an upward trend, according to current data and statistics shared by crypto analysis platforms, significant increases have been recorded in many metrics in Ethereum recently, primarily the NFT volumes, ETH’s total trading volume, and development activity.
Will ETH Continue to Rise?
According to the current data and statistics shared by the crypto analysis platform Santiment, many metrics in Ethereum, primarily ETH’s total trading volume and development activity, have recorded significant increases recently. According to CoinMarketCap (CMC) data, there was nearly a 70% increase in ETH’s total trading volume in the last 24 hours as we enter the third quarter of the year.
However, the increase in metrics is not limited to trading volumes and development activity. According to the current data shared by CryptoSlam, which shares various data and metrics related to the NFT ecosystem, the total NFT sales volume in Ethereum recorded an increase of nearly 130% in the last 7-day period.