The price of Ethereum (ETH) has just dropped below the 4,700 USD mark with a slight increase of 0.74% in the day.
According to market data on August 14, ETH is currently trading around 4,699.02 USD each, registering slight fluctuations but maintaining a slight upward momentum during the day.
MAIN CONTENT
Ethereum dropped below the 4,700 USD mark on August 14.
The current price of ETH is 4,699.02 USD each.
The daily increase reaches 0.74%, indicating a slight recovery.
What price is Ethereum trading at on August 14?
On August 14, the price of Ethereum was recorded at 4,699.02 USD, slightly down from the previous 4,700 USD mark.
Market information shows that ETH has dropped below 4,700 USD but still maintains a daily increase of 0.74%. This indicates that buyers still have positive pressure, somewhat sustaining the liquidity of the cryptocurrency market in the short term.
Such price fluctuations reflect a balance between demand and supply at around 4,700 USD, helping to maintain a stable trend and short-term price recovery.
What is the impact of ETH dropping below 4,700 USD on the cryptocurrency market?
The fact that ETH drops below the 4,700 USD threshold combined with a slight daily increase contributes to reinforcing investor confidence in the stability of this cryptocurrency.
Ethereum is an important coin in the cryptocurrency ecosystem, significantly affecting liquidity and the overall volatility of the altcoin market. The current price helps investors reassess the appropriate support and resistance levels to plan their trades.
Minor fluctuations are likely due to news impact, large trading orders, or rapid changes in the global market, so investors need to closely monitor to mitigate risks.
Ethereum remains a key cryptocurrency asset with large liquidity and price volatility showing signs of balance in the 4,600 – 4,700 USD range, providing a foundation for sustainable growth in the market.
Cryptocurrency market analyst, August 2024
What should be noted when monitoring ETH price fluctuations in the upcoming trading sessions?
Investors should closely observe trading volumes and economic, technical news related to Ethereum to capture price trends more accurately.
Since ETH is often influenced by events in the DeFi space and technological updates, close monitoring helps mitigate risks and seize investment opportunities.
Frequently Asked Questions
What price is Ethereum trading at on August 14?
Ethereum is trading at about 4,699.02 USD, slightly below the 4,700 USD threshold but still showing a 0.74% daily increase.
What impact does ETH dropping below 4,700 USD have on the altcoin market?
A slight decrease in ETH price usually impacts the liquidity and volatility of altcoins, serving as an indicator of investor sentiment.
What are the main factors causing ETH price fluctuations?
ETH price is affected by industry news, large trading activities, and events related to the development of Ethereum technology.
How to effectively monitor Ethereum's price fluctuations?
Monitoring reputable exchanges, technical analysis, and cryptocurrency news updates helps identify ETH's trend fluctuations.
Does the current ETH price show signs of recovery?
The 0.74% daily increase indicates that ETH has supporting demand, with potential for short-term recovery.
Source: https://tintucbitcoin.com/ethereum-xuong-duoi-4-700-usd-hom-nay/
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