Ethereum Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum (CRYPTO: ETH) has seen a 6.7% decrease in price over the last 24 hours, continuing a downward trend of -10.0% over the past week. The trading volume for Ethereum has decreased by 50.0%, while its circulating supply has increased by 0.98%. Ethereum's market cap ranking is currently #2 at $396.11 billion.
March 22, 2024 | 3:01 pm
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Ethereum's price has decreased by 6.7% in the last 24 hours, with a 10% decrease over the past week. Its trading volume has also decreased by 50%, while the circulating supply has increased by 0.98%.
The significant decrease in Ethereum's price and trading volume, along with a slight increase in circulating supply, suggests a bearish short-term outlook for ETHUSD. The decrease in trading volume could indicate less investor interest or confidence, potentially leading to further price declines. However, the increase in circulating supply is relatively minor and may not have a significant impact on price.
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IMPORTANCE 90
RELEVANCE 100