Ethereum Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum (ETH) experienced a 5.2% price decrease over the past 24 hours, continuing a downward trend with a 1.0% decrease over the past week. Despite this, trading volume has increased by 8.0%, while the circulating supply decreased by 0.04%. Ethereum's market cap remains strong at #2, valued at $457.84 billion.
March 14, 2024 | 7:00 pm
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Ethereum (ETH) sees a 5.2% price drop in 24 hours amidst a week-long 1.0% decrease, with an 8.0% increase in trading volume and a slight 0.04% decrease in circulating supply.
The significant price drop of 5.2% in Ethereum over the past 24 hours, coupled with a week-long downward trend, suggests a short-term negative impact on its valuation. However, the increase in trading volume indicates sustained interest, which might cushion the fall. The slight decrease in circulating supply could imply a potential for price stabilization or increase in the future, but the immediate impact remains negative due to the current price trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100