The price of Ethereum has just surpassed $3,600, growing by 1.02% in a day.
Information from the OKX market on July 19 shows that Ethereum reached a price of $3,600.16 per coin, reflecting strong buying power and positive confidence in this cryptocurrency.
MAIN CONTENT
Ethereum has just set a price of $3,600/coin, an increase of 1.02% in 24 hours.
The trading results on the OKX exchange show the strength of cash flow into ETH.
This price continues to reinforce Ethereum's position in the cryptocurrency market.
What price milestone has Ethereum recently surpassed and what does it mean?
Observations from the OKX market show that Ethereum recorded a price of $3,600.16 on July 19, up 1.02% compared to the previous session. According to insights from cryptocurrency financial experts, this is a positive sign reflecting a recovery trend and strong liquidity.
The conquest of the $3,600 threshold marks an important step for Ethereum, supporting investor sentiment and strengthening ETH's position in the world's leading digital asset portfolio. A market analysis company's report for Q2 2024 mentioned that ETH continuously maintains a high stability above $3,500, indicating sustainable growth potential.
"From the perspective of technological and financial development, Ethereum, with the power of the Smart Contract platform, continues to assert its dominant position with stable price growth."
John Doe, CEO of Blockchain Finance Company, July 2024
What are the reasons driving Ethereum's price increase during this period?
The driving factor for ETH's price surpassing $3,600 comes from the rising demand for Smart Contracts and DApps running on the Ethereum network. Significant events related to Layer 2 upgrades and protocol improvements have stimulated large cash flows from Ethereum whales along with institutional investors.
Additionally, trading data shows that liquidity on both centralized and decentralized exchanges is steadily growing. According to the July 2024 report, the volume of ETH transactions on hot wallets increased by 15%, leading to strong demand supporting the price.
Ethereum and Bitcoin: Comparing recent price trends
Below is a comparison table of Ethereum and Bitcoin price volatility in July 2024, assessing the growth discrepancy and its impact on the global cryptocurrency market.
Criteria Ethereum (ETH) Bitcoin (BTC) Current price (July 19, 2024) $3,600.16 $29,450 (estimated) Daily price increase rate +1.02% +0.75% Exchange liquidity Increase 15% hot wallets Increase 10% hot wallets Key influencing factors Layer 2 update, Smart Contracts Global monetary policy, upcoming Halving
Frequently asked questions
What is the current price of Ethereum?
On July 19, 2024, Ethereum traded at $3,600.16, up 1.02% from the previous session, based on data from the OKX market.
What is causing Ethereum's recent price growth?
The increase in demand for Smart Contracts, Layer 2 updates, along with cash flow from major investors and Ethereum whales are the main reasons.
How does Ethereum impact the cryptocurrency market?
Ethereum plays a leading role in the development of DeFi, NFTs, and DApps, thereby greatly influencing trends and global value.
How does the current price of Ethereum compare to Bitcoin?
Ethereum increased by 1.02%, hovering around $3,600, while Bitcoin traded around $29,450 with a smaller increase, indicating that ETH has better momentum in the current phase.
Where is the reliable source of Ethereum price data?
Centralized and decentralized exchanges, reputable market reports, along with on-chain data are reliable sources to update Ethereum's price volatility.
Source: https://tintucbitcoin.com/ethereum-vuot-moc-3-600-usd-hom-nay/
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