On the monthly charts, ETH made a lower low this month compared with the April low, suggesting a soft bias.

ETH/USD’s fall earlier this month below horizontal trendline support at 1780 could be the start of a broader consolidation/sideway range.

ETH/USD has so far held above crucial cushion at the February highs of 1710-1740 (including the 89-day moving average) amid a broader bullish outlook.

Although SAND has been trading flat for a while now, technical indicators suggested that there was bullish momentum present on its weekly chart.

At press time, SAND was worth about $0.5506 following a 1.01% price increase.

Lookonchain shared in a tweet this morning that blockchain firm Hashed transferred millions of SAND to Binance recently.

Pixowl recognized in 2011 that the gaming sector has vast unexplored potential for implementing blockchain technology.

The Sandbox is a one-of-a-kind platform since it integrates blockchain technology into the gaming industry.

Combining the capabilities of decentralized autonomous organizations (DAO) with non-fungible tokens, The Sandbox creates a decentralized game platform (NFTs).

The Sandbox is a blockchain-powered virtual world where users may develop, construct, purchase, and exchange game-based digital assets.

The next one markets will be watching is US inflation. If inflation continues to recede, we could see some consolidation above $30,000. The price is still wavering around the milestone currently.”

The number of bitcoin investments jumped 78 per cent week-on-week globally, and up 72 per cent in the UK.

Despite the recent price surge, bitcoin and the broader market still remain a long way off their record price peaks.

At press time, the altcoin leader’s price continued to trade above the key $1,842.6 mark.

ETH’s price had flipped the resistance levels at $1,816.5 and $1,842.6 into support over the past 48 hours.

At press time, ETH was 0.93% down against BTC. On the other hand, ETH’s recent increase did push its weekly performance further into the green to +1.73%.

This heightened movement of Ethereum off exchanges could indicate a shift towards DeFi platforms or other projects built on the ETH blockchain.

Approximately $310.7 million entered exchanges, but a staggering $1.1 billion was withdrawn, leading to a significant net flow of negative $821.8 million.

On the other hand, Ethereum, the second-largest crypto, experienced an even more pronounced outflow.

This negative net flow suggests that investors and traders are moving their Bitcoin holdings away from exchanges, possibly for long-term storage or alternative investment opportunities.