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Ethereum Price Daily Analysis: Slight down from Yesterday with an Average Price of 1603.58 on Sep 12, 2023

Ethereum is showing a slight dip today. The current price of Ethereum at the time of writing this analysis is 1603.58 USD. Today’s 24-hour price range of Ethereum has fluctuated between 1,613.66 and 1,539.24 USD.

The past 24-hour trading volume of Ethereum is noteworthy at 13,739,546,167 USD. Holding a market capitalization of 192,806,522,205 USD, Ethereum retains its position in the top echelon of cryptocurrencies, taking the second rank in terms of market capitalization. Representing a significant 16,067.21% of the total cryptocurrency market, Ethereum’s market dominance is considerable.

Looking back at the past week, Ethereum’s 7-day price range shows a slight decrease of 2.0336%. Notably, the overall price trend of Ethereum in recent times has seen a downward shift of -13.30766%.

Since its inception, Ethereum has seen an all-time high of 4,878.26 USD and an all-time low of 0.432979 USD with a circulating supply of 120,221,729 Ethereum coins.

Market sentiment towards Ethereum is mildly positive at 51.96%. This shows that despite some downward trends, a majority of investors remain optimistic about Ethereum’s performance.

As for the correlation with Bitcoin and other cryptos, Ethereum seems to move to its own beat despite Bitcoin’s current price of 26,101.00 USD.

Price Prediction for the Next 24 Hours:

Given Ethereum’s recent performance and current market trends, a slight dip might be expected for the next 24 hours. However, Ethereum’s robust technology and widespread use maintain its potential for a rebound.

7 Day Price Prediction:

Looking towards the future, we might see some steady fluctuation in Ethereum’s price over the next 7 days. As the second-largest cryptocurrency in terms of market cap, Ethereum remains a leading player in the Top 50 Crypto market. Despite some minor dips, Ethereum continues to showcase its stability within the broader cryptocurrency ecosystem.

As always, we recommend monitoring market movements and staying updated with global crypto news.

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