, Ethereum currently has a circulating supply of over 120 million tokens, with a total supply that matches. As of this writing, the market capitalization of Ethereum exceeded $195 billion.market cap that the combined value of the two leading addresses was significantly smaller in comparison. This observation suggested that any transactions or movements originating from these top addresses would unlikely substantially impact the overall price trend of Ethereum.
Notably, within the current trend, Ethereum struggled to surpass the $1,700 price threshold, and conversely, it managed to stay above the $1,600 mark despite its recent drop.Additionally, a notable observation is that the chart indicates a downward trajectory over the past three days. In light of this decline, Ethereum’s Relative Strength Index line has dipped below 40. This particular RSI reading implies that the prevailing bearish trend in the asset has been gaining strength.
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Source: CryptoAmb - 🏆 22. / 68 Read more »