People have been speculating on steady price increases. #ET | Cryptoman90 on Binance Square

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People have been speculating on steady price increases.#ETH

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ETH

4,443.09

-4.03%

PEOPLE

0.01877

-3.74%

700

0

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The price rise enabled the Ethereum cryptocurrency to gain more value and attract many investors. #ETH

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Ethereum prices have continuously been rising since 2015 when the cryptocurrency first surfaced. #ETH

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Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down from 4.05% in May 2022.

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In the past 12 months, Circle's USD Coin (USDC) has seen its market share decline from 34.88% to 23.05% at the time of writing.

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correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

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