Ethereum ETH
⚠️ Notice: This report describes the state of the market at the time of its generation. It does not constitute financial advice or investment recommendation. Any investment decision is the sole responsibility of the reader.
The Ethereum price today stands at $2,191.2400, recording a modest gain of 0.59% over the past 24 hours. However, the weekly performance tells a different story, with ETH declining 7.26% over the seven-day period. The market capitalisation currently sits at $264,465,119,594, maintaining Ethereum's position as the second-largest cryptocurrency by market value. Ethereum real time data shows the asset trading within a consolidation range following the recent weekly decline.
The RSI (14) currently reads 28.3, positioning it firmly within oversold territory. The Relative Strength Index measures the speed and magnitude of price changes on a scale of 0 to 100, with readings below 30 typically considered oversold conditions.
The MACD indicator shows a reading of -35.4160, with the signal line at -23.5831 and the histogram at -11.8329. The Moving Average Convergence Divergence measures the relationship between two moving averages of an asset's price, helping identify momentum shifts through the interaction of these components.
Ethereum's price currently trades in the lower half of the Bollinger Bands channel, with the upper band at $2,394.3795, the middle line at $2,272.6690, and the lower band at $2,150.9585. Bollinger Bands measure price volatility and potential support and resistance levels by plotting standard deviations around a moving average.
Current trading volume stands at 264,536,010,000, representing 0.96 times the 20-period average of 274,289,333,500. Volume measures the total amount of trading activity and liquidity in the market over a specified period.
The Fear & Greed Index registers 27 out of 100, placing market sentiment in the "Fear" zone. This index measures market emotions and sentiment by analysing various factors including volatility, market momentum, and social media activity.
The Federal Reserve's benchmark interest rate stood at 3.64% at the previous session's close, whilst the Consumer Price Index reached 332.407 with a monthly variation of +0.64%. These metrics measure monetary policy stance and inflationary pressures within the US economy respectively.
The Nasdaq Composite closed the previous session at 26,225.14 points with a gain of 4.62%, whilst the S&P 500 finished at 7,408.50 points. These indices measure the performance of technology-heavy stocks and the broader US equity market respectively.
The VIX closed at 17.26 in the previous session. The Volatility Index measures expected volatility in the US stock market over the next 30 days, often referred to as the market's "fear gauge".
Bitcoin dominance currently stands at 58.36% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's market share relative to all other cryptocurrencies combined.
The Dollar Broad Index (DTWEXBGS) closed the previous session at 118.04, down 0.30%. This index measures the value of the US dollar against a broad basket of major trading partner currencies.
Gold trades at $4,537.74 per ounce, whilst WTI crude oil closed the previous session at $101.56 per barrel. These commodities measure precious metal values and energy sector pricing respectively, serving as traditional stores of value and economic indicators.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | +0.59% 24h |
| RSI (14) | Negative | 28.3 |
| MACD | Negative | Hist: -11.8329 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Negative | 0.96x avg |
| Fear & Greed Index | Negative | 27/100 (Fear) |
| BTC Dominance | Negative | 58.4% |
| Nasdaq Composite | Positive | 26,225 pts |
| S&P 500 | Positive | 7,408 pts |
| VIX | Neutral | 17.26 |
| Fed Rates | Neutral | 3.64% |
| Dollar Index (DXY) | Positive | 118.04 |
| Gold | Positive | $4,538/oz |
| Oil (WTI) | Positive | $101.56/barrel |