Ethereum surges, breaking above 5.93 million won; Bitcoin and Ripple trade mixed.

As of August 12th in the morning, the major cryptocurrency market is showing a mixed trend, with Ethereum's strong upward movement leading the overall market sentiment. Bitcoin is trading at $119,010.26 (approximately 165.35 million won), down 0.66% in the past 24 hours. However, it has risen by about 3.75% over the past 7 days and 1.2% over 30 days, showing a gradual recovery. In the medium to long term, it has increased by 14.62% and 14.69% over 60 and 90 days, respectively, maintaining an overall upward structure. This suggests that the market is still maintaining an optimistic expectation despite short-term adjustment phases. Ethereum has been recording the most notable price increase recently. Its current price is $4,270.97 (approximately 5.934 million won), down 0.82% in the past 24 hours but showing a remarkable 16.05% increase over 7 days. Furthermore, it has risen by 44.73% and 70.86% over 30 and 60 days, respectively, leading the market with a steep upward curve. This rise in Ethereum is interpreted as reflecting expectations of expanding its smart contract-based ecosystem and potential institutional fund inflows. The upward trend led by Ethereum seems to be gaining investor trust from a medium to long-term perspective, beyond short-term technical analysis. Ripple shows a slightly different picture. Its current price is $3.1613 (approximately 4,392 won), down 1.96% in the past 24 hours. However, it has increased by 3.26% over 7 days and 14.57% over 30 days, maintaining a positive trend. Particularly, it has shown a significant 49.54% increase over 60 days, which can be interpreted as reflecting expectations related to resolving specific risk factors or network scalability. However, within the overall market's upward trend, Ripple shows relatively high volatility and a somewhat weaker upward intensity compared to Bitcoin and Ethereum, suggesting a possibility of a more conservative approach. Overall, while Bitcoin maintains a stable flow, Ethereum's sharp rise is driving market vitality, and Ripple is exposing volatility within a medium to long-term upward structure. Although cryptocurrency prices are showing a mixed trend in the short term, they are displaying a gradual upward movement in the medium to long term, placing market participants in a phase where optimism and caution coexist.