$ETH Price Update Sunday 27 April 2025:
Around $1,760 - $1,813 USD (fluctuations across different sources)
24-Hour Change: Ranging from -0.74% to +2.57% (indicating some volatility)
Market Capitalization: Approximately $212 Billion - $221 Billion USD
24-Hour Trading Volume: Roughly $11.16 Billion - $16.62 Billion USD
Circulating Supply: Around 120.72 Million ETH
Key News and Updates:
Price Movement: Ethereum is trading above key support levels. Some analysts suggest that a rise above $2,000 could signal a recovery, while a drop below $1,700 might lead to further selling pressure.
Funding Rates: Funding rates for Ethereum futures are currently stable. This suggests that the recent price increases are primarily driven by buying in the spot market rather than speculation in the futures market. Sustained bullish momentum typically requires higher funding rates.
Exchange Activity: Over 80,000 ETH has been moved to derivative exchanges in the last 48 hours. This significant increase in activity indicates a surge in speculative trading, which could lead to increased market volatility.
Pectra Upgrade: Ethereum is progressing towards its Pectra upgrade on the mainnet. A successful upgrade was recently implemented on the Hoodi testnet, marking a step closer to the full deployment.
Exchange Supply: The amount of Ether held on centralized exchanges has reached a 9-year low