Ethereum Down More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum's price has dropped over 7% in the last 24 hours, continuing a week-long decline of 10%. Despite the price drop, trading volume has increased by 27%, while circulating supply slightly decreased. Ethereum remains the second-largest cryptocurrency by market cap.
September 06, 2024 | 7:00 pm
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Ethereum's price has dropped over 7% in the last 24 hours, continuing a week-long decline of 10%. Despite the price drop, trading volume has increased by 27%, while circulating supply slightly decreased. Ethereum remains the second-largest cryptocurrency by market cap.
The significant price drop of over 7% in 24 hours and 10% over the week indicates a negative short-term trend for Ethereum. The increase in trading volume suggests heightened market activity, possibly due to selling pressure. The slight decrease in circulating supply is less impactful but noteworthy. Overall, the news suggests a bearish outlook for Ethereum in the short term.
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