Ethereum (ETH) is experiencing a slight price increase, currently trading at $3,444.79, marking a 1.28% rise in the last 24 hours. Market capitalization has also increased by 1.29%, reaching $415.01 billion. This suggests renewed interest in Ethereum even as it confronts a brief price dip following a recent upward rally.
The trading volume of Ethereum has surged by an impressive 18.09%, now sitting at $20.12 billion. This increase in trading activity might indicate that the market is reacting to recent events, such as a significant ETH sale.
With its circulating supply at 120.47 million ETH, Ethereum lacks a maximum supply cap, differentiating it from other cryptocurrencies. Traders and investors are watching to see if Ethereum can break past the psychological $3.5k barrier amid these market movements.
