Ethereum Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum (CRYPTO: ETH) has seen a 3.48% price drop in the last 24 hours, continuing a negative trend from the past week. Despite a slight decrease in trading volume and circulating supply, Ethereum maintains its position with a market cap of $237.05 billion, ranking #2 in market cap.
November 21, 2023 | 7:00 pm
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Ethereum's price has fallen by 3.48% in the last 24 hours, with a 0.0% loss over the past week, indicating a continued bearish trend for the cryptocurrency.
The price drop of Ethereum is significant and directly impacts the valuation of ETHUSD. The negative trend over the past week and the decrease in trading volume suggest a bearish outlook in the short term, which could lead to a decrease in investor confidence and potentially further price declines.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100