What’s Next for Ethereum: ETH drops below $3500

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

1. The successful implementation of the Shanghai upgrade in 2023 has significantly bolstered Ethereum’s infrastructure, setting a foundation for its anticipated gains in 2024.
2. SEC Considers ProShare spot Ether ETF Application, Grants Ark exit from 21Shares
3. U.S. Congress Demands Clarity from SEC-FINRA Over Prometheum ETH Custody

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