- Ethereum hits $2,598 as Cardano reclaims $0.605 with dev activity rising.
- Cardano leads Ethereum in GitHub events, reflecting stronger build trends.
- Both assets break key levels and show strong volume-driven momentum.
Ethereum and Cardano have surged to fresh 10-day highs, rising 6% and 8.5% respectively within 24 hours. Both assets now show renewed market momentum, backed by steady price action and high development activity.
Santiment Flags Ethereum and Cardano Among Most Active Developer Teams
In a post by Santiment, Ethereum ranked 13th and Cardano 4th in GitHub development activity this week. Both networks continue to log consistent on-chain building as prices rebound sharply.
Between June 28 and July 2, Ethereum’s development activity score reached 0.74486 while Cardano hit 2.29426. The data aligns with historical patterns where project activity correlates with price recoveries during accumulation phases.
While Cardano often leads in developer frequency, Ethereum’s steady codebase growth has tracked closely with price support. This signals that both assets maintain strong network fundamentals beyond short-term price action.
Price Action Confirms Breakout From Prior Ranges
Ethereum surged from the $2,430 zone to $2,598.88, gaining over $150 in a sharp vertical rally. The move unfolded across large green candles, breaking through key resistance levels around $2,550 and $2,600.
After hitting multiple new highs, ETH paused in a brief sideways range above $2,590 before pushing higher again.
Volume stayed strong, with 24-hour turnover reaching $24.57 billion, confirming heavy market participation. Cardano followed a similar path, rising sharply from $0.56 to $0.6055 in a single upward move. ADA’s price cleared the $0.59 level, held support, and reversed again with momentum to challenge $0.61.
Market Metrics Reflect Solid Participation and Supply Stability
Ethereum’s market cap sits at $313.89 billion with a circulating supply of 120.7 million ETH. Its fully diluted valuation remains matched, reflecting zero inflation and capped issuance after the merger.
Cardano has a market capitalization of $21.87 billion, with 36.13 billion ADA currently in circulation. The overall supply of tokens is set at 45 billion, ensuring stringent control over future issuance.
ADA posted $937.76 million in daily volume, highlighting increased investor interest. The clean structure of Cardano’s rally shows tight buyer control through all resistance zones leading up to $0.60.
Both Ethereum and Cardano now rest above reclaimed breakout zones. These levels will be critical in maintaining trend strength through the next market session.
