Ethereum Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum's price has decreased by 4.61% over the past 24 hours to $3,509.49, continuing a downward trend of -7.0% over the past week. Trading volume has increased by 36.0% while the circulating supply remains stable at 120.14 million. Ethereum's market cap is currently $422.60 billion, ranking it #2.
June 11, 2024 | 3:01 pm
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NEGATIVE IMPACT
Ethereum's price has dropped by 4.61% in the past 24 hours, continuing a week-long decline of -7.0%. Trading volume has increased by 36.0%, indicating heightened trading activity despite the price drop.
The significant price drop in Ethereum over the past 24 hours and week, combined with increased trading volume, suggests a bearish sentiment in the market. This is likely to negatively impact the short-term price of ETHUSD.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100