Ethereum Price Financial News

cryptocurrency markets were trading flat in Friday's trade. Bitcoin (BTC), Ethereum (ETH) and XRP were trading with gains, while BNB, Dogecoin and Solana were trading with cuts. BTC rose 0.29% to $29,230, while ETH was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $16.57 billion, falling 14.90% in the last 24 hours. «BTC is holding strong above the $29,000 mark while Ether is almost touching the $1900 level. The crypto market is witnessing restricted growth due to high inflation and other macroeconomic factors and the Jobs data on Friday will act as a key stimulant for the market momentum,» Shivam Thakral, CEO of BuyUcoin, said. The global cryptocurrency market cap was trading flat at around $1.20 trillion, falling 0.02% in the last 24 hours.

cryptocurrency markets were trading higher in Thursday's trade after the US Fed raised its benchmark lending rate by 25 bps again to cool inflation. Bitcoin (BTC) rose 2.44% to $29,152, whereas Ethereum (ETH) was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $19.5 billion, rising 20.54% in the last 24 hours. «Following the Federal Reserve's decision to raise interest rates by 25 basis points, Bitcoin is regaining its strength. The Fed indicated that this week's increase could be the last for the time being. At present, Bitcoin is being traded at the US$29,000 level and is gradually approaching its resistance levels of US$29,420 and US$30,000,» Edul Patel, Co-founder and CEO at Mudrex, said. “As the upcoming US employment figures are scheduled to be released on Friday, investors and traders are keeping a watchful eye on them,” Edul added. The global cryptocurrency market cap was trading higher around $1.20 trillion, rising 2% in the last 24 hours.

cryptocurrency markets were trading higher in Wednesday's trade. Bitcoin (BTC) rose 1.96% to $28,526, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $16.17 billion, rising 1.78% in the last 24 hours. “Bitcoin rose nearly 2% in the past 24 hours following the Job Openings and Labor Turnover Survey (JOLTS) data. The data showed that job openings in the US declined to 9.6 million in March, below expectations of 9.775 million and their lowest since April 2021,” Edul Patel, Co-founder and CEO at Mudrex, said. «Additionally, investors and traders may be making early moves in anticipation of the US Federal Reserve's decision on interest rate hikes. Similarly, Ethereum traded at the US$1,850 level and made movements following BTC,» Edul added. The global cryptocurrency market cap was trading higher around $1.17 trillion, rising 1% in the last 24 hours.

cryptocurrency markets were trading in the red on Tuesday ahead of the FOMC meeting on Wednesday. Bitcoin (BTC) fell 2.04% to $28,056, whereas Ethereum (ETH) was below the $1,850 level. BTC volume in the last 24 hours stood at approximately $15.74 billion, falling 13.55% in the last 24 hours. «Bitcoin started the new week trading in the red, as markets prepare for an important week of the U.S economic events. Currently, BTC is being traded at the US$28,000 level, having reached a weekend high of US$29,900. Investors are closely monitoring the Federal Reserve's announcement regarding interest rate hikes on Wednesday,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.16 trillion, rising 1.51% in the last 24 hours. The total volume in DeFi is currently 2.50 billion, 7.18% of the total crypto market 24-hour volume. The volume of all stablecoins is now $32.31 billion, which is 92.87% of the total crypto market 24-hour volume.

The share of Ethereum (ETH) held by so-called whale addresses has dropped since Ethereum's Shapella upgrade in mid April, suggesting that large investors may be leaning bearish in t near term.

cryptocurrency markets were majorly trading higher on Thursday. Bitcoin (BTC) rose 2.31% to $29,035, whereas Ethereum (ETH) was just below the $1,900 level. BTC volume in the last 24 hours stood at approximately $35.15 billion, rising 84.70% in the last 24 hours. «Concerns about First Republic Bank continued, causing Bitcoin to rise to the US$29,000 range. Bitcoin had surged from a low of US$27,217 the day before, reaching a week-long high and recovering any losses incurred during that time. The support level for Bitcoin is currently US$28,000, with resistance at US$29,400,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.20 trillion, rising 1.18% in the last 24 hours. The total volume in DeFi is currently 5.20 billion, 7.33% of the total crypto market 24-hour volume. The volume of all stablecoins is now $64.06 billion, which is 90.27% of the total crypto market 24-hour volume.

Ethereum (ETH) has been making headlines with its dramatic price fluctuations recently, leaving investors and traders on the edge of their seats.

cryptocurrency markets were trading higher on Wednesday, with an increase of 2.7% in the crypto market cap in the last 24 hours. Bitcoin (BTC) rose 3.48% to $28,369, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $18.85 billion, rising 12.94% in the last 24 hours. «Bitcoin is at $28,300. Its recent surge is due to technical buying and a short-term buy signal, while macro risk events could impact sentiment. Long-term indicators suggest a new bull market,» said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. Other top crypto tokens were also trading higher on Wednesday. Solana jumped over 4%. BNB, XRP, Litecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.19 trillion — rising 2.71% in the last 24 hours.

«Bitcoin continued to consolidate below the US$28,000 as investors eagerly await for the Federal Open Market Committee's meeting next week. BTC's current support level is situated around US$27,100, while its resistance level is at US$27,650. If the price drops below the support level, it could potentially plummet towards the US$26,500 level,» Edul Patel, Co-founder and CEO at Mudrex, said.Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, said, «ETH is down around 1.9% and is trading in the $1.8k range for the last 24 hours. However, last week's Ethereum Shanghai upgrade saw a remarkable influx of 571,950 ETH deposits, worth over $1 billion, for staking. This has been the largest weekly token inflow for ETH ever. This surge was largely attributed to institutional staking service providers and investors who reinvested their rewards following withdrawal.» Other top crypto tokens were also trading lower on Tuesday. BNB, XRP, Cardano, Dogecoin, Polygon and Polkadot declined up to 3%. The global cryptocurrency market cap was trading lower around $1.15 trillion, falling 1% in the last 24 hours.

Ethereum—the second-largest cryptocurrency by market capitalization—has recently weathered a three-day breakdown from April 19 to 21, leaving market watchers on edge.

In today’s Market Report episode, analyst and writer Marcel Pechman covers the potential triggers to move Bitcoin’s price away from $27,000, including the United State Federal Reserve meeting on May 3. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

«Bitcoin dropped for the second consecutive session, as the price fell to the level of US$28,100 due to an increase in selling pressure. As a result, the gains made by Bitcoin in the past seven days were erased. Despite this setback, there is still strong support at the US$26,500 mark, which was the low point in late March,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower on Thursday. Dogecoin declined by over 8%. Meanwhile, BNB, XRP, Cardano, Polygon and Polkadot also traded with cuts. The global cryptocurrency market cap was trading lower around $1.19 trillion, falling 2.49% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $542 billion. BTC volume stood at approximately $20.41 billion, falling 20.86% in the last 24 hours. Bitcoin’s dominance is currently 45.81%, a decrease of 0.20% over the day, according to CoinMarketCap.

The price of Ethereum's Ether (ETH) token has retreated from its recovery trend versus Bitcoin (BTC) while making a series of lower highs in April.

UK CPI data for March came higher than expected. Bitcoin (BTC) fell 3.64% to $29,020, whereas Ethereum (ETH) declined 5.60% and was below the $2,000 level. «Bitcoin fell below the US$29,000 level in the past 24 hours following the release of higher-than-expected U.K inflation figures, which showed a rise of 10.1% in the 12-month period. This sent BTC to its lowest point since April 10. The next major support now lies at the US$28,500 level,» Edul Patel, Co-founder and CEO at Mudrex, said. «As is typical with unexpected events, the market reacted, causing investors to move away from riskier assets. It may take some time for investors and traders to evaluate the potential impact of the inflation data and recover from the event,» Edul added. Other top crypto tokens were also trading lower. Litecoin declined nearly 10%. Meanwhile, BNB, XRP, Polygon and Polkadot traded with cuts. The global cryptocurrency market cap was trading lower around $1.22 trillion, falling 3.92% in the last 24 hours.

Ethereum’s decentralized community of developers and innovators has done it yet again: The Shapella upgrade is complete — a significant milestone for the network that is the linchpin of Web3 tools. Why is Shapella significant? A deep dive: First, some context: Ethereum is the second-largest crypto asset by market cap. It is the first smart contract blockchain, developed by Vitalik Buterin and others in 2015. Now, about Shapella. The upgrade was actually done in two steps: SHAnghai & CapELLA. Together, they mark the final piece to Ethereum’s switch to Proof-of-Stake achieved last year. The upgrade enables the withdrawal of staked ETH and the rewards that were until now locked in. This is significant for a) ETH as an asset & b) Ethereum as the Web3 pillar.

cryptocurrency markets were trading mixed on Tuesday. Bitcoin, Ethereum, and BNB were trading with cuts, while Dogecoin, Shiba Inu and Litecoin were trading with gains. Bitcoin (BTC) fell 1.39% to $29,587, while Ethereum (ETH) was below the $2,100 level. BTC volume stood at approximately $16.81 billion, rising 14.1% in the last 24 hours. «After a week of crossing the $30k mark, Bitcoin has dipped below the threshold amidst the abating banking crisis, rising treasury yields, and the shift of investors’ sentiment towards ‘risk-off’ assets. Dipping ~2% in the last 24 hours, BTC is trading in the $29.5k zone. Post the Shapella upgrade, ETH continues to trade above the $2k mark,» Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, said. The total volume in DeFi stood at 4.32 billion, 9.83% of the total crypto market 24-hour volume. The volume of all stablecoins was at $39.45 billion, 89.67% of the total crypto market 24-hour volume.

Bitcoin (BTC) returned above $30,000 on April 18 as volatility preceded the day’s Wall Street open.

Ethereum's Ether (ETH) token has entered a sharp price recovery a week after hitting a six-month low versus Bitcoin (BTC). 

cryptocurrency markets were trading mixed on Monday. Bitcoin, XRP and Cardano were trading with cuts, while BNB, Solana and Litecoin saw gains. Bitcoin (BTC) fell 1.12% to $29,996, whereas Ethereum (ETH) was above the $2,100 level. BTC volume in the last 24 hours stood at approximately $14.78 billion — rising 29.22% in the last 24 hours. «Over the weekend, Bitcoin maintained its consolidation around the US$30,000 level after reaching a peak of US$31,005 on Friday — its highest point since June 2022. In contrast, Ethereum, the second-largest cryptocurrency, achieved a new 11-month high of US$2,141 over the weekend, driving fresh enthusiasm among investors following the successful Shanghai upgrade,» Edul Patel, Co-founder and CEO at Mudrex, said. ETH is currently trading at US$2,101, which represents a 134% increase since its lowest cycle in June 2022. The market as a whole appears to be bullish, Edul added.

cryptocurrency markets were trading higher on Friday with an increase of over 4% in the crypto market cap in the last 24 hours. Bitcoin (BTC) rose 2.30% to $30,786, whereas Ethereum (ETH) surged 10.5%, and was above the $2,100 level. «Rising by over 10% in the past 24 hours, ETH is trading in the $2.1k zone despite some fearing a massive dump after the Shapella upgrade. BTC is also on the rise to chase the $31k mark. The crypto fear and greed index have jumped 7 points to regain the scoring for 68, hinting towards increasing investor confidence,» Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, said. Other top crypto tokens were also trading higher on Friday. Dogecoin jumped nearly 9%. Meanwhile, BNB, XRP, Litecoin, Solana and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.28 trillion, rising 4.25% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $595 billion. Bitcoin’s dominance is currently 46.30%, a decrease of 0.95% over the day, according to CoinMarketCap.

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