$ETH Ethereum (ETH) Market Today

Price Overview and Performance

• Current Price: According to data from sources such as CoinMarketCap and CoinGecko, the price of ETH fluctuates around 1,799.98 USD to 1,800 USD, an increase of approximately 1.95% in the past 24 hours.

• Market Capitalization: Approximately 217.29 billion USD, holding the 2nd position in the cryptocurrency market.

• 24-Hour Trading Volume: Approximately 16-17 billion USD, indicating high liquidity and active trading.

• Short-Term Performance:

• Last 7 Days: Increased by 13.2%, outperforming the overall cryptocurrency market's 11.4% increase.

• Last 30 Days: Decreased by approximately 13.78%, reflecting a medium-term correction trend.

• Last Year: Decreased by 45%, indicating that ETH is still under pressure from a long-term downtrend compared to its historical high (4,868.8 USD on 11/10/2021).

• Bullish Scenario:

• If ETH maintains the support level of 1,350 USD and surpasses 2,130 USD, the price could aim for 2,880 USD or higher, especially if BTC continues to rise strongly.

• Optimistic sentiment from the community and technical factors such as bullish divergence may support a short-term recovery to 4,000 USD.

• Bearish Scenario:

• If it loses support at 1,350 USD, ETH could drop significantly to 1,065 USD (the lowest point in the past year).

• Pressure from institutional capital outflows and high gas fees may hinder the upward momentum.$ETH