As of October 7, 2024, Ethereum is experiencing a bearish trend according to technical indicators such as oscillators and moving averages. The cryptocurrency is currently trading between $2,467 and $2,473.
Its market capitalization stands at $297 billion, with a daily trading range of $2,416 to $2,510. The observed trading volume is $12.87 billion, indicating significant market activity.
The analysis derived from 1-hour, 4-hour, and daily charts contributes to the bearish outlook, calling for investor caution.
