Ethereum's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum (CRYPTO: ETH) has seen a 4.29% price increase in the last 24 hours, reaching $2,340.19, despite a 1.0% decline over the past week. The coin's all-time high is $4,878.26. Trading volume surged by 127.0%, while the circulating supply dropped by 0.61%. Ethereum currently holds the #2 market cap position at $282.16 billion.
January 08, 2024 | 7:01 pm
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Ethereum's price has increased by 4.29% in the last 24 hours, indicating a potential short-term bullish sentiment among investors.
The price increase of Ethereum, along with a significant rise in trading volume, suggests growing investor interest and potential short-term momentum. However, the recent decrease in circulating supply could also be a contributing factor to the price increase. The overall market sentiment for cryptocurrencies can be volatile, and while the recent price movement is positive, it is important to consider the broader market trends and potential for price fluctuations.
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