$ETH Ethereum's current price is around $2,193.72, with a 20.42% increase over the last 24 hours. Here's a brief analysis:
- *Current Price*: $2,193.72
- *Market Cap*: $264.11 billion
- *24-hour Trading Volume*: $36.27 billion
- *Circulating Supply*: 120.73 million ETH
- *All-time High*: $4,721.07
The recent price surge could be attributed to the successful implementation of the Pectra upgrade, which enhances Ethereum's appeal to institutional investors. Analysts have varying opinions on the upgrade's impact, with some predicting bullish trends and others warning about potential transaction dynamics between Layer 1 and Layer 2 ¹ ².
Some key statistics to watch include ² ¹:
- *1-week price change*: 19% increase
- *1-month price change*: 58.16% increase
- *1-year price change*: 27.79% decrease
entry point $2.195
stop loss $2.180
take profit targets $2.199 /2.205
Overall, Ethereum's price is showing a positive trend, but the cryptocurrency market is known for its volatility, so it's essential to stay informed about market developments ¹. $ETH
