Ethereum Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum's price has dropped by 5.61% in the last 24 hours to $2,277.27, despite a 1% gain over the past week. Trading volume increased by 29% while circulating supply decreased slightly. Ethereum remains the second-largest cryptocurrency by market cap.
September 16, 2024 | 3:00 pm
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NEGATIVE IMPACT
Ethereum's price has decreased by 5.61% in the last 24 hours, contrasting with its 1% gain over the past week. The trading volume has increased by 29%, while the circulating supply has slightly decreased.
The significant drop in Ethereum's price over the last 24 hours, despite a weekly gain, suggests a short-term negative impact. The increase in trading volume indicates heightened market activity, possibly due to the price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100