Ethereum and Bitcoin Cash See Positive Market Momentum, Indicate Analytics Firm

Leading crypto analytics firm Santiment has noted that Ethereum (ETH), the top-ranking altcoin, is demonstrating several bullish indicators on-chain. In its reports, the company shared a wealth of data pointing to a positive ETH outlook and discussed another rallying crypto, Bitcoin Cash. Santiment Reports! Data analytics platform Santiment highlighted that the total supply of Ethereum on crypto exchanges, as a percentage of the overall supply, has reached an all-time low. This development suggests that the selling pressure on the leading altcoin could be limited as market participants continue to move their ETH holdings away from the open market. The analytics firm also mentioned that ETH’s average transaction fees have become attractive again, receding to levels seen before Ethereum’s 2023 peak. The company stated in its reports: “Even though Ethereum currently fails to hold the $1,900 level, the supply continues to move away from exchanges. Furthermore, average fees have returned to […] The post Ethereum and Bitcoin Cash See Positive Market Momentum, Indicate Analytics Firm appeared first on COINTURK NEWS.