$ETH

The daily exchange rate of Ethereum (ETH) to USD has fluctuated between a high of $3,709.91 on Sunday and a low of $3,325.64 on Wednesday in the last 7 days. Over the week, the price of ETH to USD saw its largest 24-hour price movement on Thursday (4 days ago) of $340.55 (10.2%).

Ethereum has seen heavy buying by major investors, who are betting that it will continue to outperform Bitcoin in the near future. These moves have increased demand for Ethereum, which in turn has been reflected in its trading volume, which has exceeded $46 billion per day. While Ethereum’s value has risen by 51% compared to its monthly lows, Bitcoin has only increased by 40%. It seems that Ethereum is still undervalued, which enhances its chances of outperforming Bitcoin in the coming months. Despite the buying pressure that Ethereum is witnessing, there is a high possibility that its price will rise to $4,000 by the end of 2024, if demand continues at its current levels, although a slight correction is possible in the coming days.