Lido Staked Ether Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) has seen a decrease of 3.32% in its price over the last 24 hours, now at $3,105.08, despite a weekly uptrend of 1.0%. The trading volume dropped by 26.0%, while its circulating supply rose by 0.42%, reaching over 9.34 million. STETH's market cap ranks it 7th at $29.09 billion.
April 25, 2024 | 3:02 pm
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Lido Staked Ether (STETH) experienced a 3.32% price decrease over the last 24 hours, now at $3,105.08, despite a slight weekly gain. The trading volume has decreased significantly, and the circulating supply has slightly increased.
The short-term price decrease of 3.32% in STETHUSD, despite a weekly uptrend, indicates a potential negative market reaction in the immediate future. The significant drop in trading volume suggests reduced investor interest or confidence, which could further pressure the price downward. However, the slight increase in circulating supply might have a dilutive effect but is less likely to be the primary driver of the price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100