📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Ethereum (ETH) latest quote has surpassed the $4200 mark, attracting widespread attention in the market. From a technical analysis perspective, ETH's trend shows strong rising momentum. The short-term moving average MA7( has broken through the long-term moving average MA30)4025(, forming a classic bullish arrangement, indicating that the upward trend may continue in the short term. Meanwhile, the MACD indicator shows that bullish strength is dominant, with the distance between DIF)74.24( and DEA)62.10( continuously widening. The MACD histogram shows a positive value of 24.27 and has a trend of further expansion, reflecting that the current bullish momentum remains strong.
It is worth noting that the recent trading volume of ETH has significantly increased, with a single-day trading volume exceeding 270,000, far surpassing previous levels. Such a large trading volume usually indicates the participation of substantial funds, possibly with institutions or large investors actively entering the market.
From the on-chain data, the ETH balance on exchanges has significantly decreased for three consecutive days, while the amount of ETH held in large wallets has rapidly increased. This phenomenon of chips transferring from exchanges to personal wallets often indicates that long-term holders are continuously increasing their holdings, which may be a signal of optimism regarding future market conditions.
In addition, Ethereum is about to welcome the highly anticipated 'Cancun Upgrade'. This upgrade is expected to significantly reduce the costs of Layer 2 solutions, promoting further development of the ecosystem. As an important milestone in the development history of Ethereum, the Cancun Upgrade may bring a new growth narrative for ETH.
Considering the overall technical analysis, on-chain data, and the upcoming network upgrade, the current rise of Ethereum appears to have a solid foundation. However, investors should remain cautious, closely monitor market changes, and manage risks effectively. The cryptocurrency market is known for its volatility, and any investment decision should be based on thorough research and individual risk tolerance.