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Ethereum (ETH) price trades today at $3,417.0 as of 1 PM. Ether prices hit a daily high of $3,419.3 today after rising 3.81% on November 23. Why is Ethereum Price Rising Today? After crashing 11% in the past three days, Ethereum price today is up 3.81% and trades at $3,042. As of November 16, there are promising signs that the value of ETH could continue heading higher and tag key resistance levels. Ethereum Price Today Ethereum Price Chart Today *Ethereum price updated as of 1 PM. Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024. Ethereum Price & Historical Data ETH’s year-to-date (YTD) performance continues to increase and currently sits at 33%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11. As of November 23, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 317 days, would be up roughly $3,317. Ethereum’s market capitalization stands at $411.7 billion. Ethereum: The Second-Largest Crypto By Market Cap Ethereum ranks second in market capitalization, valued at $411.7 billion, after Bitcoin’s $1.73 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap. Since its all-time high of $571 billion in November 2021, Ethereum’s value decreased by half in October, but has spiked recently due to Bitcoin’s new ATH. Still, Ethereum maintains a strong lead over other popular cryptocurrencies: Solana (SOL): $98.8 billion Ripple (XRP): $89.8 billion BNB (BNB): $91.0 billion Despite this recent downtick and recovery, the 24-hour trading volume of Ethereum is $38.0 billion. Ethereum’s Crypto Trading Volume Remains High The 24-hour trading volume of Ethereum…

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Filed under: News - @ November 23, 2024 2:25 pm