In recent market developments, the Ethereum news has shown a minor retraction in its price. As a result, the ETH coin, trading at $3,452, represents a 15.1% drop in value over the past 2 days.
The latest Ethereum news has turned the situation into a cautious consolidation phase for ETH. Even if the world’s second-largest crypto is sluggish in the short term, it is holding up well around important technical levels, and significant adoption is speeding up behind the scenes.
In general, the way the market works shows a complicated picture of how investors feel. According to Ethereum news, its trading volume has dropped by more than 25% to $21.42 billion in the last day, and derivatives volume has also shown a subsequent decrease.
Based on data from the latest Ethereum news, this selling pressure led to more than $600 in longs being liquidated over two days, mostly from trades that were high-leverage on Binance, Bybit, and Hyperliquid.
Polygon Price Drops to Critical Levels: Bearish Signal Inbound
The Polygon price is currently trading at $0.2015, and has posted a 27% decline in a month, raising concerns among investors about its short-term trajectory. This decrease has followed a broader trend where Polygon has lost relevance in the broader market since its rebrand from MATIC.
Despite the new features in the network, the current Polygon price trajectory suggests that selling pressure has been present, and long-term holders and institutional investors are slowly shifting positions, which has been reflected in the dropping POL price.
Unilabs Finance (UNIL) Positioned For a 73% Rally This August?
With the Ethereum news indicating dark clouds for the 2nd largest crypto this cycle, most investors are turning their attention towards more emerging projects to secure a decent income stream amid market volatility. Unilabs Finance (UNIL) is one of the world’s first AI-backed DeFi asset managers with over $32.5 million in assets under management (AUM).
This next-generation investment model is gaining rapid momentum, with analysts predicting a significant 73% rally this month. If that happens, Unilabs $0.008 altcoin could explode to a higher price point and outshine most crypto giants with its growing adoption among investors. Currently, its presale has raised over $9.12 million in stage 5 and sold over 1.550 billion tokens.
Unilabs Could Dethrone Polygon (POL) This Cycle
Unilabs Finance (UNIL) isn’t only topping charts as a successful PassiveFi platform, but also challenging other renowned platforms and diverting attention at the same time. Its modern-gen earning methods make it one of the fastest-growing DeFi networks compared to other emerging blockchain innovations. Experts forecast that with the current trajectory of the platform, it could be set to replace Polygon on the charts.
While the Ethereum news brings ETH holders to the edge of their seats and the Polygon price signals more losses soon, Unilabs Finance is shifting the focus to its fast-selling presale. So far, its UNIL token has smashed all estimated time frames for its presale, nailing million-dollar funding milestones in weeks.
Conclusion:
The current Ethereum news may have alerted ETH whales, but the growing optimism for Unilabs Finance hints that the bearish Polygon price trend might divert investors to its ongoing presale frenzy. Thanks to features like passive staking and AI search tool to spot the next big memecoin, UNIL is making a mark in the entire crypto world.
Discover More About Unilabs Finance:
Presale: https://www.unilabs.finance/
Buy Presale: https://buy.unilabs.finance/
Telegram: https://t.me/s/unilabsofficial
Twitter: https://twitter.com/unilabsofficial
This article is not intended as financial advice. Educational purposes only.
