📊$ETH Market Overview
Current Price: ~$2,046.12 USD
24h Change: +12.92%
24h Range: $1,792.06 – $2,075.59 USD
Market Cap: ~$221.66 billion USD
24h Trading Volume: ~$1.2 billion USD
Circulating Supply: ~121 million ETH
All-Time High: ~$4,891 USD (November 2021)
📰 Recent Developments
Price Breakout: Ethereum has surpassed the $2,000 mark, reaching a 24-hour high of $2,075.59. This breakout is attributed to increased buying pressure and positive market sentiment.
Technical Indicators: ETH is trading above its 50-day moving average of $2,380, signaling bullish momentum. The Relative Strength Index (RSI) stands at 58, indicating room for further upside before overbought conditions are reached.
Network Activity: Ethereum's gas fees have risen by 12% over the past 24 hours, pointing to heightened network usage. Additionally, ETH/BTC pair transactions increased by 22%, reflecting growing interest in altcoin trading.
🔮 Price Forecast
Analysts suggest that if Ethereum maintains its current momentum, it could test resistance levels around $2,400. Support is expected near $1,800.
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