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Santiment predicts that Ethereum price can reclaim the psychological $2k price mark by August
Since reaching its peak of $2,132 in April 2023, Ethereum has struggled to regain its bullish momentum.
According to Santiment, the psychological area of value at $2,000 has become a pivotal point for traders, determining their optimism or skepticism towards the asset. As bitcoin dominated the market in June, ETH only managed a meager 4.8% gain against BTC, failing to excite traders.
ETH’s subdued price action has resulted in fewer discussions about the asset, paralleling levels seen in mid-May. However, history shows that altcoins often thrive when traders are fixated on other assets.
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