With a current price of $2,426.22, Ethereum roars back in the market, rising more than 9% in the last 24 hours. This price explosion is not just a simple technical rebound: ETH consolidates its place as the second most dominant asset in the crypto space, only behind Bitcoin.
🔍 Snapshot of the moment:
📈 Market capitalization: $291.7 billion
📊 Dominance: 8.83% of the total crypto market
💸 24h volume: $25.8 billion (8.85% of market cap)
💰 Circulating supply: 120.72 million ETH
🚫 Maximum supply: No fixed limit (∞)
🚀 All-time high: $4,891.70 (November 16, 2021)
🐣 Issuance price (2015): $0.308
🧱 All-time low: $0.42 (October 21, 2015)
📌 Key points explaining this momentum:
🔗 Ethereum 2.0 scalability updates progress smoothly.
🏦 Institutional funds are increasing their exposure following ETF rumors.
🛠️ Growing adoption on Real World Assets (RWA) and stablecoin platforms.
📉 BTC stagnates and traders rotate capital to ETH and key altcoins.
⚠️ Attention!
With ETH having no supply limit, the control of its inflation depends on mechanisms like the burn of EIP-1559. If the volume remains high and network fees increase, we could see a deflationary ETH again.
