Ethereum holds above $1.7k, more transactions in loss
The Ethereum (ETH) price saw a notable surge on Aug. 29 after consolidating around the $1,650 mark for ten days. However, Santiment data suggests there are still more daily transactions in loss. According to the market intelligence platform, the ratio of daily profit and loss transactions dropped to 0.62. ETH price, ratio of daily transactions in profit to loss and whale activity – Aug. 30 | Santiment Per Santiment, the ratio hit a three-week high of 1.37 on Aug. 29, when ETH was trading at around $1,740. You might also like: Ethereum will dominate stablecoin wars, expert says Moreover, the number of Ethereum whale transactions , consisting of at least $100,000 worth of ETH, has dropped significantly while the asset still holds above the $1,700 mark. Per Santiment, the whale transactions count hit a local high of 5,281 on Aug. 17 as the global crypto market, including ETH’s price, significantly declined. On Aug. 29, the number of Ethereum whale transactions al...