Advertisement
February 26, 2025 | 10:15 AM EST
Ethereum (ETH-USD) has gained 3.19% in the last 24 hours, reaching $2,457.02 as of 10:15 AM EST. The cryptocurrency saw a daily low of $2,373.20 and a high of $2,502.06, signaling increased market activity.
- Previous Close: $2,492.34
- 24-Hour Trading Volume: $24.08 billion
- Market Cap: $296.26 billion
- Circulating Supply: 120.58 million ETH
- 52-Week Range: $2,122.55 – $4,106.96
Why is Ethereum Moving Up?
- Crypto Market Rebound – Despite volatility, Ethereum has shown resilience, with traders eyeing a potential recovery.
- Institutional Investment – Increasing interest from financial institutions continues to support Ethereum’s long-term growth.
- Ethereum Network Upgrades – Optimism around upcoming blockchain improvements is driving investor confidence.
Broader Market Trends
- The crypto market has faced a sharp sell-off, with Ethereum down 40% from its yearly high.
- Bitcoin (BTC-USD) is down 19% from its peak, while Dogecoin (DOGE-USD) has fallen 57%.
- Macro factors, including concerns about U.S. tariffs, economic slowdown, and Federal Reserve policy, are influencing investor sentiment.
Ethereum’s ability to sustain its $2,500 resistance level could determine whether it continues its upward trajectory. A break above $2,600 could signal further gains, while a dip below $2,350 might lead to more selling pressure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile—conduct thorough research before making any financial decisions.