Ethereum has ended July with a strong performance, posting its best monthly gains in over a year. The altcoin's price surge saw it outshine other major cryptocurrencies, including Bitcoin. The uptrend is attributed to growing optimism surrounding the upcoming Ethereum upgrade, also known as 'The Merge', which is expected to enhance network scalability and efficiency.
Source
"Ethereum Posts Strongest July in a Year" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
However, despite the positive momentum, warning signs have emerged in recent days. A slight increase in selling pressure and a decline in trading volume could signal a potential reversal of fortunes.
ETH · 7D · $1,868−2.1%