Ethereum (ETH) is trading at $2,429, with a 24-hour increase of 0.09% and a weekly rise of 0.49%.
ETH’s market cap has dropped below $300 billion, currently sitting at approximately $293 billion.
The second largest crypto, Ethereum (ETH), is currently facing a challenging phase as its price hovers around $2,400, reflecting a slight 0.09% increase in the last 24 hours and a 0.49% rise over the week. However, this recent uptick comes amid broader concerns about its ability to maintain key support levels, particularly after hitting resistance at $2,560 earlier this week.
This decline has caused Ethereum’s market cap to fall below $300 billion, now standing at $293 billion, with trading volumes dropping by over 8% to $13 billion in the past day.
Bearish Signals Emerge Amid Resistance Challenges for Ethereum
The Ethereum price was rejected by the daily resistance level at $2,470 on Wednesday. According to the ETH/USD 4-hour chart, the 50-day MA has fallen below the 200-da
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