Ethereum price down 1.79% today

Ethereum’s price has decreased today, reflecting ongoing market fluctuations.

Ethereum price declines amid volatile market

Ethereum's price has dropped by 1.79% to £1,443 as of 8:11am today, down from £1,469 yesterday. Over the past week, the cryptocurrency has seen a decrease of 2.39%, and compared to one month ago, it is down 1.85%. Today's trading volume stands at around £5.6 billion with a market cap of about £173.6 billion. The 52-week high for Ethereum is £1,722, while the low is £733. Currently, there are approximately 120.3 million ETH in circulation, and unlike Bitcoin, there is no maximum supply for Ethereum.

The recent decline in Ethereum's price highlights the ongoing volatility in the cryptocurrency market. Investors may be cautious, especially given Ethereum's significant drop from its 52-week high. With a market cap representing over 17% of the global crypto market, Ethereum remains a key player. However, the price fluctuations raise concerns about market stability and investor confidence as traders look for signs of recovery.

Highlights

Market watchers will be keen to see if Ethereum can rebound from this recent dip.