Ethereum Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum (ETH) has seen a price increase of 3.12% in the last 24 hours, reaching $2,312.31, with a weekly gain of over 4.0%. Despite a 44.0% decrease in trading volume over the past week, Ethereum's market cap remains the second-largest at $277.86 billion. The circulating supply has slightly decreased by 0.47% to 120.18 million coins.
January 30, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ethereum's price has risen by 3.12% in the last 24 hours, indicating a positive short-term momentum for the cryptocurrency.
The increase in Ethereum's price over the past 24 hours and the past week suggests a positive trend for the cryptocurrency. The decrease in trading volume could be a concern, but the strong market cap ranking and the slight decrease in circulating supply may indicate a consolidation phase rather than a bearish trend. Investors might see the price increase as a sign of continued demand for Ethereum.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100