Ethereum NFT Engagement Drops to All-Time Low
Ethereum NFT Activity Decline: Ethereum's NFT activity has hit a historic low, with only 1,127 NFTs recorded on August 1, 2025, reflecting a significant downturn from the 2021-2022 boom due to factors like fading investor interest and an oversupply of low-quality collections.
NFT Market Resurgence in July: Despite the August decline, July saw a resurgence in NFT activity, with trading volume increasing by 96% to $530 million, driven by high-value collections and platforms like Blur and OpenSea, while Coinbase's Layer 2 network, Base, gained traction with $122 million in trading volume.
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Technical Analysis for BLUR
Technical Sentiment Analysis for Blur (BLUR). As of , Blur (BLUR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BLUR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BLUR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Blur (BLUR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0214 | 0.0236 | 0.0253 | 0.0275 | 0.0292 | 0.0315 | 0.0331 |
| Fibonacci | 0.0236 | 0.0251 | 0.026 | 0.0275 | 0.029 | 0.03 | 0.0315 |
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