The performance of Bitcoin and a decrease in alternative currencies by an average of 8%.
Ethereum has struggled below the $3,900 level; despite increasing institutional interest, the resistance remains strong.
Solana and Litecoin are looking for key breakouts; near-term resistance may shape market direction.
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The cryptocurrency market ended its five-week winning streak with a decline of over 5% last week. Bitcoin performed worse than the market as a whole, and alternative cryptocurrencies fell more, with an average decline of 8%. This week, cryptocurrencies are showing more strength, indicating that last week's downturn may not last long. However, they have not yet broken through the key resistance levels needed to confirm a new bullish trend.
Ethereum #Ethereum
Last week, Ethereum attempted to move above the $3,900 level, but failed again and retreated to around $3,400. With the start of August, buying interest from this low level pushed prices up again, but the recovery was slow and cautious.
One of the key trends is the increase in activity among major investors. Sentiment data shows a rise in the number of wallets holding 10,000 Ethereum or more. Demand for Ethereum-based investment products remains strong. However, Ethereum is having difficulty surpassing the $3,900 resistance level. This shows that broader concerns—such as U.S. economic forecasts and global trade tensions—are making investors more cautious.#Write2Earn #Binance #ETHETFsApproved $ETH $USDC $BNB 
