Ethereum Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum (ETH) has seen a 4.04% decrease in price over the last 24 hours, marking a continued decline of 14% over the past week. The trading volume for Ethereum has also decreased by 33% in the same period, with the circulating supply dropping to 120.08 million. Ethereum's market cap ranking remains at #2, valued at $418.70 billion.
March 18, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ethereum's price has decreased by 4.04% in the last 24 hours, contributing to a 14% decline over the past week. The trading volume and circulating supply have also seen significant changes.
The significant decrease in Ethereum's price over both the last 24 hours and the past week, combined with a decrease in trading volume and circulating supply, suggests a bearish short-term outlook for ETHUSD. The market cap's stability at #2 despite these changes indicates strong market positioning, but the immediate impact is likely negative due to the current downward trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100