Ethereum Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Ethereum's price has dropped by 5% in the last 24 hours, continuing a week-long decline of 6%. Trading volume has decreased by 5% while circulating supply increased by 0.96%. Ethereum's market cap is $299.35 billion, ranking it #2.
October 23, 2024 | 7:00 pm
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NEGATIVE IMPACT
Ethereum's price has decreased by 5% in the last 24 hours, continuing a 6% decline over the past week. Trading volume has also decreased by 5%, while the circulating supply has increased by 0.96%.
The 5% drop in Ethereum's price over the last 24 hours, along with a 6% decline over the past week, indicates a negative trend. The decrease in trading volume and increase in circulating supply suggest potential selling pressure, contributing to the price decline.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100