Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, is navigating a brief prize Currently trading at approximately $2,493.19, $ETH has dropped about 3.7% in the last 24 hours. Despite this dip, market sentiment remains largely optimistic, buoyed by strong fundamentals and ongoing development within the Ethereum ecosystem.
Recent Market Performance
Ethereum opened the day near $2,524.99 before retracing to a low of $2,367.74. $ETH has maintained significant support above the $2,400 mark, which many view as a healthy consolidation zone. $BTC also have the good chart today and increasing with every second . Hope Bitcoin will cross $105,000 very soon. BinanceAlpha$1.7MReward#SaylorBTCPurchase #SaylorBTCPurchase #SaylorBTCPurchase #MastercardStablecoinCards #BinanceHODLerNXPC
Over the weekend, Bitcoin's $BTC price briefly surged above $106,500 before retreating, influenced by a short squeeze and subsequent profit-taking. This rapid movement led to over $600 million in crypto derivatives positions being liquidated, impacting major cryptocurrencies like Ether $ETH , Solana$SOL , and Dogecoin
The broader crypto market also faced downward pressure, with the total market capitalization decreasing by 3.3% over the last 24 hours, now standing at $3.36 trillion. This decline is attributed to macroeconomic uncertainties, including a U.S. credit rating downgrade and inflation concerns . Now it's best time to trade 📉 #BinanceAlphaAlert BinanceAlpha$1.7MReward#EthereumSecurityInitiative #solonapumping