Ethereum (ETH) is currently trading at $2,622.81, reflecting a 0.035% increase over the past 24 hours. The price has fluctuated between an intraday low of $2,496.89 and a high of $2,622.81.
This movement comes amid a broader market pullback, with major cryptocurrencies experiencing declines after reaching three-month highs. ļæ¼
Despite the recent dip, Ethereumās fundamentals remain strong. The networkās transition to proof-of-stake has significantly reduced energy consumption and introduced deflationary pressure on ETH supply. Additionally, Ethereumās dominance in the crypto market has surged toward 10%, indicating growing investor confidence. ļæ¼ ļæ¼
For traders and investors, Ethereumās current consolidation phase may present an opportunity to accumulate before the next potential rally.