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.
Ethereum price today stands at $2,122.56, marking a decline of 3.13% over the past 24 hours. The cryptocurrency has experienced a more pronounced retreat over the weekly timeframe, falling 9.16% across seven days. Ethereum real time maintains a market capitalisation of $256,163,502,323, positioning it as the second-largest cryptocurrency by market value. The current trading level reflects ongoing downward pressure following last week's higher valuations.
The RSI (14) registers 24.5, placing Ethereum in oversold territory. The Relative Strength Index measures the speed and magnitude of price changes on a scale from 0 to 100, with readings below 30 typically considered oversold conditions.
The MACD shows a reading of -46.0425, with the signal line at -31.8241 and a histogram value of -14.2184. The Moving Average Convergence Divergence measures the relationship between two moving averages of a security's price, tracking momentum changes through the interaction of these trend-following indicators.
Ethereum currently trades in the lower half of its Bollinger Bands channel, with the price at $2,122.56 positioned between the middle band at $2,251.87 and the lower band at $2,107.11. Bollinger Bands measure price volatility and relative price levels using a moving average and standard deviation calculations.
Current trading volume reaches $256,163,500,000, representing 0.94 times the 20-period average of $271,775,317,000. Volume measures the total amount of cryptocurrency traded over a specific period, indicating the level of market activity and participation.
The Fear & Greed Index stands at 28 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 trends on a scale from 0 (extreme fear) to 100 (extreme greed).
The Federal Reserve's benchmark interest rate sits at 3.64%, whilst the Consumer Price Index reached 332.407 with a monthly variation of +0.64%. The Fed funds rate measures the cost of borrowing money between banks, and the CPI tracks changes in the price level of consumer goods and services.
The Nasdaq Composite closed at 26,225.14 points with a gain of 4.62%, while 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, serving as barometers for overall market sentiment.
The VIX volatility index registered 17.26, indicating relatively calm market conditions. The VIX measures expected volatility in the S&P 500 over the next 30 days, often referred to as the market's "fear gauge".
Bitcoin dominance stands at 58.36% of the total cryptocurrency market capitalisation. This metric measures Bitcoin's share of the entire crypto market value, indicating the relative strength of the largest cryptocurrency versus alternative digital assets.
The Dollar Index (DTWEXBGS) trades at 118.04, down 0.30% from the previous session. This broad dollar index measures the value of the US dollar against a trade-weighted basket of major foreign currencies.
Gold trades at $4,537.74 per ounce whilst WTI crude oil is priced at $101.56 per barrel. These commodities measure the value of precious metals and energy resources respectively, serving as traditional stores of value and inflation hedges in global markets.
| Indicator | Status | Data |
|---|---|---|
| Price trend | Negative | -3.13% 24h |
| RSI (14) | Negative | 24.5 |
| MACD | Negative | Hist: -14.2184 |
| Bollinger Bands | Negative | in the lower half of the channel |
| Volume | Negative | 0.94x avg |
| Fear & Greed Index | Negative | 28/100 (Fear) |
| BTC Dominance | Neutral | 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) | Negative | 118.04 |
| Gold | Positive | $4,538/oz |
| Oil (WTI) | Positive | $101.56/barrel |