Ethereum Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum's price has decreased by 3.25% over the past 24 hours to $3,794.60, despite a 2.0% uptrend over the past week. Trading volume has fallen by 65.0% over the past week, while the circulating supply has increased by 0.38%.
May 28, 2024 | 7:00 pm
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NEGATIVE IMPACT
Ethereum's price has decreased by 3.25% in the past 24 hours to $3,794.60, despite a 2.0% uptrend over the past week. Trading volume has significantly dropped by 65.0%, while the circulating supply has increased by 0.38%.
The significant drop in trading volume and the recent price decrease suggest a bearish short-term outlook for Ethereum. The increase in circulating supply further supports this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100