The Latest Ethereum (ETH) price has shown significant movement over the past week. In this article, we'll examine the current Ethereum price, 7-day ETH price performance, and the market factors shaping ETH's price trend.
Ethereum (ETH) Current Price Today
As of the latest data, the Ethereum price today is trading at $2,983.1, with a 24-hour ETH price change of +0.57%. The Ethereum market cap stands at $364.73B, ranking it amongst the top cryptocurrencies globally.
Ethereum (ETH) 7-Day Price Performance
In the last 7 days, the ETH price moved from approximately $2,853 to $2,983.1, reflecting a modest +4.6% change. This ETH price trend indicates bullish recovery amid recent cryptocurrency market volatility.
Ethereum Price Chart and Trend Analysis
According to the 7-day Ethereum price chart, ETH has experienced an uptrend with fluctuations around $2,800-$3,100. Crypto analysts note that this ETH price movement mirrors broader crypto market consolidation following monthly swings.
Why is ETH Price Moving?
The key drivers behind ETH's recent Ethereum price trend include:
- Market sentiment: Vitalik Buterin's proposal for a gas futures market to stabilise Ethereum gas fees, alongside whale accumulation pushing Ethereum exchange supply to its lowest since 2015.
- On-chain activity: Ethereum network growth surged with over 197,000 new wallets on 2nd December and nearly 195,000 on 15th December, signalling strong Ethereum adoption.
- Broader crypto market: The ETH price holds key support levels at $2,708–$2,808 amid monthly volatility, with correlation to overall cryptocurrency market shakeouts.
Historical Price Context for Ethereum
Ethereum reached an all-time high (ATH) of $4,946 recently and an all-time low (ATL) of $2,746 over the past 90 days. Comparing its historical Ethereum price extremes with the recent 7-day ETH price trend helps put ETH's volatility into perspective.
Ethereum Price Prediction and Market Outlook
Whilst no forecast is certain, crypto analysts are watching ETH's key support and resistance levels at $2,808 and $3,100. Market commentary suggests short-term upside potential towards $3,500 for the Ethereum price if support holds, with bullish patterns indicating positive momentum.
How to Buy ETH at the Best Price
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