A leading cryptocurrency analytics firm, Ethereum (ETH), noted that while the top altcoin showed bullish momentum, it showed several bullish readings on-chain. centiment disclosed many data for ETH in its reports. In addition, the company discussed another rally Bitcoin Cash.

Santiment Reports!

Santiment, a data analytics platform, Ethereum He notes that as a percentage of its total supply, its supply on cryptocurrency exchanges has reached an all-time low, meaning that selling pressure on the leading altcoin may be limited as market participants move ETH stacks away from the open market.

The analytics firm also reports that the average transaction fees of ETH, Ethereum He revealed that he now looks enticing after falling to a level witnessed before his ascent to their 2023 peak. The company made the following statements in its statements:

Ethereum Although it cannot maintain the $ 1,900 level for now, the supply level continues to move away from the stock markets. Additionally, average fees returned to levels seen in March just before the ETH price surged to $2,100.

ETH is trading at $1,880, up about 15% from the June low of $1,637 at the time of writing.

BCH Rise!

With this Bitcoin (BTC) Looking at the hard fork Bitcoin Cash (BCH) centimeter, He emphasized that the 20th largest altcoin by market capitalization is trending on social media after receiving support from digital asset market EDX Markets.

Investors are watching EDX Markets closely as it has received a number of funding from financial heavyweights Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial. Santiment said:

With the help of EDX Markets, which launched on June 20 Bitcoin Cash, became the biggest beneficiary with a massive 79% price increase in four days. BCH in particular saw a three-year high in social volume rates, easily eclipsing 2023 peaks.

At the time of this writing, BCH is valued at $213.47, up nearly 120% from June’s low of $97.87.