$ETH is currently priced at $3,006.09, showing a 2.6% increase from yesterday. However, it’s 11.4% lower than its value from a week ago. The trading volume for Ethereum in the last 24 hours has been significant, amounting to $15,431,818,310. ETH is hovering in the demand zone between $2870 and $3030, which is crucial for the continuation of the current trend.
The daily uptrend channel is under observation, but there’s a high risk of a sudden drop if the support breaks. Market participants are noting the presence of ‘whales’ which could indicate that any dip might be seen as a buying opportunity, suggesting a potential discount in the current bearish sentiment.
