$ETH Ethereum (ETH) is a cryptocurrency with a current price of around $2,520.95-$2,641.35. Here's a breakdown of its key statistics ¹ ²:
- *Market Cap*: $304.33 billion-$318.86 billion, ranking #2 on CoinMarketCap
- *24-Hour Trading Volume*: $79.92 billion-$26.03 billion, with a Vol/Mkt Cap Ratio of 0.2626-8.16%
- *Circulating Supply*: 120,721,805 ETH coins
- *All-Time High*: $4,867.17-$4,878.26, reached on November 10, 2021
- *Price Change*: -8.61% to -4.17% in the last 24 hours, with mixed signals and uncertainty due to whale activity and technical zones
Some notable news and trends surrounding Ethereum include ³:
- *Spot Ethereum ETFs*: Pulled in $240 million, beating Bitcoin ETFs' daily inflows, attributed to positive regulatory discussions around DeFi and stablecoins
- *Institutional Investment*: BlackRock is ramping up accumulation, and leading Ethereum backers believe ETH is 'significantly mispriced' and poorly understood by institutional investors
- *Leverage*: Ethereum's futures market is seeing explosive growth, fueled by rising leverage and institutional investment#MarketPullback