Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level

Jinse Finance reported that the cryptocurrency sentiment analysis platform Santiment stated that the price of Ethereum (ETH) may rise by nearly 7% in the short term. The basis for this is that current stablecoin yields are at low levels, indicating that the cryptocurrency market has not yet entered an overheated state. In a report released on Saturday, Santiment pointed out: "Currently, stablecoin yields are relatively low, around 4%. This phenomenon suggests that the market has not yet reached a major top and there is still room for further growth." The platform also predicted that Ethereum may soon test the $3,200 resistance level. According to CoinMarketCap data, at the time of this publication, the price of Ethereum was $2,991; if it reaches $3,200, it would represent an increase of about 6.7%.