Ethereum Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum (ETH) has seen a 4.28% decrease in price over the last 24 hours, continuing a negative trend with a 2.0% loss over the past week. Its trading volume increased by 42.0%, and the circulating supply rose by 1.04% to 122.05 million, maintaining its position with a market cap of $386.79 billion as the second-largest cryptocurrency.
April 29, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ethereum's price has decreased by 4.28% in the last 24 hours, with a 2.0% loss over the week. The trading volume and circulating supply have increased.
The decrease in Ethereum's price over both the last 24 hours and the past week indicates a negative short-term trend for ETHUSD. The increase in trading volume and circulating supply suggests heightened activity and interest, but the price drop points to a bearish market sentiment in the short term. The significant market cap of Ethereum as the second-largest cryptocurrency underscores its importance in the crypto market, making these changes particularly noteworthy for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100