Ethereum has seen a 10.66% increase in value over the past 24 hours, reaching $3,647. This surge comes as the cryptocurrency market regains strength, with Bitcoin gaining 4.4% during the same period. Trading volume for Ethereum has reached $47.87 billion, with Binance, Digifinex, and Bybit leading the activity.
This price movement has resulted in $56.5 million in liquidations, with $47.73 million from short positions. Ethereum’s technical indicators show bullish momentum with support above $3,250. Ethereum’s current price is approximately 24.8% below its all-time high of $4,800, which was set in 2021. The Altcoin Season Index currently registers a score of 65 out of 100, nearing the threshold of 75, which signals the beginning of an “altcoin season.” Technical analysis suggests that Ethereum could reach $3,840 if it maintains its trajectory above $3,685.
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