Ethereum's current situation is marked by a price of $3,241.17, with a 24-hour trading volume of $28.83 billion .

✅ Claim Your Free binance Give Away Rewards here🎁🎁🎁🎁

The market capitalization stands at $390.49 billion, with a circulating supply of 120.48 million ETH .

In terms of recent performance, Ethereum's price has shown a persistent weakness against Bitcoin and other cryptocurrencies since the merge in September 2022 . The ETH/BTC exchange rate has been trending downward, indicating worrying market indicators. Transaction fees on the Ethereum blockchain have also fallen to historic lows, often below one Gwei, resulting in daily revenues of less than $500,000 .

The introduction of spot ETFs in the US has had a significant impact on the Ethereum market, creating additional selling pressure . Ethereum ETFs have struggled with net outflows, suggesting that institutional investors are showing less interest in Ethereum than in Bitcoin.

Despite these challenges, Ethereum remains the second-largest cryptocurrency by market capitalization, with a wide range of use cases, including decentralized finance (DeFi), play-to-earn gaming, and NFT art.

#USJoblessClaimsDrop #BinanceAlphaAlert #BNBBhutanReserves #AIMarketCapDip #ShareYourTrade $ETH