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📌 Notes
Hashtag #MyCryptoFunnyMoment is requi
Santiment: The yield on stablecoins is declining, and Ethereum may soon return to the 3200 USD mark.
Golden Finance reports that the cryptocurrency sentiment analysis platform Santiment indicates that the price of Ethereum (ETH) may rise nearly 7% in the short term; this is based on the fact that the current stablecoin yields are at a low level, suggesting that the cryptocurrency market has not yet entered an overheated state. In a report released on Saturday, Santiment noted: “Currently, the yield on stablecoins is low, around 4%. This phenomenon indicates that the market has not yet reached a major top and still has room for further rise.” The platform also predicts that Ethereum may soon test the resistance level of 3200 USD. According to CoinMarketCap data, as of the publication of this article, the price of Ethereum is 2991 USD; if it reaches 3200 USD, it will mean a rise of about 6.7%.