EThereum after reaching levels just shy of much coveted $4000 mark has once again dropped below the $3500 mark.
In this article, we will discuss ethereum next direction along with weekly analysis and news roundup.
Ethereum Price Target
- Market Price: $3,476.56
- 24-Hour Trading Volume: $14.70 billion
- Market Cap: $423.03 billion
- Total Supply: 120.4 million ETH
- Circulating Supply: 120.4 million ETH
The move is expected soon.
Weekly Price Analysis
Ethereum’s price has seen a range between $3,233.20 and $3,719.92 , with an average price around $3,476.56.
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These figures indicate a relatively stable position for Ethereum, with potential for both upward and downward movements within this range.
News Roundup
- The successful implementation of the Shanghai upgrade in 2023 has significantly bolstered Ethereum’s infrastructure, setting a foundation for its anticipated gains in 2024.
- SEC Considers ProShare spot Ether ETF Application, Grants Ark exit from 21Shares
- U.S. Congress Demands Clarity from SEC-FINRA Over Prometheum ETH Custody
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