Ethereum Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum (ETH) has seen a 3.15% decrease in price over the last 24 hours, continuing a negative trend with a 2.0% loss over the past week. The trading volume has decreased by 17.0%, while the circulating supply has increased by 0.41%, bringing it to 120.07 million. Ethereum's market cap ranking is currently #2 at $422.34 billion.
April 01, 2024 | 3:03 pm
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NEGATIVE IMPACT
Ethereum (ETH) price has fallen by 3.15% in the last 24 hours, marking a continued downtrend with a 2.0% loss over the week. The trading volume has decreased by 17%, and the circulating supply has increased to 120.07 million.
The decrease in Ethereum's price over the past 24 hours and week indicates a negative short-term trend for ETHUSD. The drop in trading volume suggests lower market activity, which could further impact the price negatively. The increase in circulating supply, without a corresponding increase in demand, could also contribute to downward pressure on the price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100