• ETH is at the moment buying and selling arms at $1,508.81 after a 1.53% drop in value.
• It’s doubtless that the worth of ETH will both begin to climb or consolidate.
• The entire worth within the ETH 2.0 deposit contract has reached a brand new all-time excessive.

One of many cryptos within the pink heading into the brand new week is Ethereum (ETH). In line with knowledge from CoinMarketCap, the largest altcoin by market cap is at the moment buying and selling arms at $1,508.81 after a 1.53% drop in value over the past 24 hours. The altcoin additionally reached a low of $1,504.49 and a excessive of $1,545.55 over the identical time interval.

This stumble in ETH’s 24-hour efficiency has impacted its weekly efficiency because the crypto is within the pink by greater than 7% over the past seven days. ETH additionally weakened in opposition to its greatest competitor, Bitcoin (BTC), by about 1.24% over the past day.

ETH’s 24-hour buying and selling quantity is within the inexperienced zone, and at the moment stands at $6,692,563,314 after a greater than 46% improve since yesterday. When it comes to market cap, ETH at the moment stands at $184,820,616,727.

The altcoin is at the moment buying and selling near the help at $1,505.46. If the crypto can shut at present’s buying and selling session above this stage, it’s doubtless that the worth of ETH might begin to climb or consolidate. The truth that the 20-EMA line continues to be bullishly crossed above the 50-EMA line might imply that there’s nonetheless sufficient bullish momentum to help the transfer up.

Furthermore, the on-chain evaluation agency Glassnode took to Twitter earlier this morning to share some metrics about ETH. In line with the put up, the whole worth within the ETH 2.0 deposit contract has reached a brand new all-time excessive of 15,803,847 ETH.

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