.santimentfeed $ETH Ethereum may be readying to surge, while all eyes are on $XRP and $LINK
"Under the radar metrics" hint at upcoming ETH surge
One of the hints as to the future of Ethereum's rise, per the Santiment report, is that traders have turned their attention away from ETH,"bored by its middling price action," now intensely watching the XRP and LINK prices soaring. Santiment says that many altcoins begin to grow well as soon as traders become distracted from them by other assets in the market.
Another major sign of a price bottom for Ethereum is traders starting to increase their transactions at a loss compared to those while at a profit. Price bottoms are often followed by buyers starting to outnumber sellers and the price going up again. Besides, a lot of Ethereum coins at the moment, per Santiment, are kept in cold wallets, and less than 7% of circulating ETH is stored on exchanges.
Overall, Santiment analysts believe that at some point in August, Ethereum may well reclaim the $2,000 level and rise higher.
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