#ETHBreakout3.5k 🎉🎉🎉
The current Ethereum market update:
*Current Price:* Ethereum's current price is around $3,563.87-$3,609.26, with a 0.93%-1.83% increase in the last 24 hours.
*Market Capitalization:* The market capitalization of Ethereum is approximately $430.20 billion-$435.80 billion, ranking it #2 among cryptocurrencies.
*24-hour Trading Volume:* The 24-hour trading volume of Ethereum is around $25.69 billion-$28.48 billion.
*Circulating Supply:* The circulating supply of Ethereum is approximately 120.71 million ETH.
*Recent Price Changes:*
- 1-day change: +0.93% to +1.83%
- 7-day change: +21.83% to +22.31%
- 30-day change: +42.04%
- 60-day change: +41.20%
- 90-day change: +124.46%
*Other Key Metrics:*
- *All-Time High:* $4,891.70
- *All-Time Low:* $0.432979
- *Year-to-Date (YTD) Return:* 6.09%
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*News and Trends:*
- *Institutional Interest:* BlackRock's Ethereum purchases signal shifting interests in cryptocurrency markets, with the company acquiring 113,586 Ethereum.
- *Price Predictions:* Analysts predict Ethereum could reach $4,000 in the short term, with some even forecasting $15,000 in the medium term.
- *Regulatory Developments:* The UK government is considering selling seized Bitcoin worth around $7.1 billion, which could impact the market.
- *Market Trends:* Bitcoin's dominance is declining amid rising ETH and XRP strength, suggesting a potential altcoin season ⁴.