Ethereum Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum (ETH) experienced a 3.25% price decrease over the last 24 hours, contrasting with a 1.0% gain over the past week. Its trading volume has decreased by 11.0%, while the circulating supply increased by 2.04%. Ethereum's market cap ranks it #2 at $380.28 billion.
April 25, 2024 | 3:00 pm
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NEGATIVE IMPACT
Ethereum's price fell by 3.25% in the last 24 hours, marking a short-term reversal of its recent 1.0% weekly gain. The decrease in trading volume and increase in circulating supply could influence its short-term price movement.
The price drop of 3.25% in Ethereum over the last 24 hours, combined with a decrease in trading volume and an increase in circulating supply, suggests a potential short-term bearish outlook for Ethereum. The recent gain over the past week may not sustain if these trends continue, impacting investor sentiment negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100