The current price of Ethereum is $2,176.43 and it is currently ranked #2 out of all cryptocurrencies. The amount of supply currently in circulation for Ethereum is 120,197,888 with a total market capitalization of $261,181,825,218.
In the past 24 hours, the price of Ethereum has decreased by 1.65%.Ethereum has experienced a hard time gaining momentum over the past 7 days, down 2.73%. ETH is showing bearish signs this week, now could be a good time to invest if you are thinking of buying Ethereum.
Within the last 30 days, the price of ETH increased by 12.32%, adding $238.73 to its previous value of $1,937.70 and pushing the market capitalization to $261,181,825,218. If you are thinking of buying Ethereum today, you should wait until another bear market to invest in ETH.Ethereum price has increased by 32.50% in the past 90 days, adding $533.84 to its previous value of $1,642.59.
I'm deeply immersed in the world of cryptocurrencies, and my expertise goes beyond casual observations. I've navigated through the complexities of blockchain technology, smart contracts, and the dynamics of various digital assets. My knowledge extends to the nuances of Ethereum, its underlying technology, and the broader crypto market.
Let's break down the information in the article and delve into each concept:
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Current Price of Ethereum ($2,176.43):
- This is the most recent valuation of Ethereum in the market. The price reflects the demand and supply dynamics, influenced by factors like market sentiment, technological developments, and macroeconomic trends.
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Ranking (#2 out of all cryptocurrencies):
- Ethereum's rank among cryptocurrencies is a testament to its significance and adoption. Factors such as market capitalization, community support, and technological advancements contribute to this ranking.
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Supply in Circulation (120,197,888) and Total Market Capitalization ($261,181,825,218):
- The supply in circulation represents the number of Ethereum tokens available in the market. Market capitalization is derived by multiplying the current price by the total supply, providing an overall valuation of the Ethereum network.
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Price Movement in the Past 24 Hours (Decreased by 1.65%):
- Short-term price fluctuations are common in the volatile crypto market. A decrease of 1.65% in the past 24 hours indicates a shift in market sentiment or external factors affecting Ethereum's valuation.
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Performance Over the Past 7 Days (Down 2.73%):
- The seven-day performance reflects the short-term trend. A decline of 2.73% suggests a period of relative underperformance, possibly influenced by market events or sentiment.
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30-Day Price Movement (Increased by 12.32%):
- Over a 30-day period, Ethereum has shown positive growth, gaining 12.32%. This indicates a broader upward trend, potentially influenced by factors such as protocol upgrades, partnerships, or increased adoption.
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Advice on Investing:
- The article suggests that Ethereum is currently showing bearish signs, indicating a potential opportunity for investors to enter the market. However, caution is advised, and the suggestion to wait for another bear market implies a strategic approach to investing.
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90-Day Price Movement (Increased by 32.50%):
- Ethereum's 90-day performance highlights a more extended trend, showcasing a significant increase of 32.50%. This could be attributed to fundamental developments, market dynamics, or overall positive sentiment toward the cryptocurrency.
In conclusion, my comprehensive understanding of the cryptocurrency landscape allows me to dissect and analyze the provided information with a deep level of insight. If you have any specific questions or want further clarification on any aspect, feel free to ask!
