Ethereum has experienced a notable price increase of 4.62% in the last 24 hours. This upward trend continues with a 5.0% rise over the past week, reflecting a positive movement in the cryptocurrency market.

The current value of Ethereum has moved from $2,649.93 to its present price, contributing to a market capitalization of approximately $339.41 billion. This solidifies Ethereum’s position as the second-largest digital asset by market cap.

• Despite the price growth, trading volume has decreased by 26.0% over the past week.
• There has been a slight decrease in circulating supply, which has fallen by 0.05% to 120.56 million coins.
• The price volatility of Ethereum is highlighted by Bollinger Bands, indicating fluctuations in both daily and weekly movements.

📎 Related coverage from: benzinga.com