This week, Ethereum's price observed a 3.62% decline amid market challenges. The market has yet to price in the SEC's approval of spot Ethereum ETF listings, contributing to increased price volatility. Ethereum's recent price movements from $3,973 to $3,702 underscore the ongoing market uncertainty. In the last 24 hours, Ethereum saw a 1.3% decrease followed by a recovery to $3,757, with a significant 11.23% rise in 24-hour trading volume reaching $13 billion. Monthly data reveals a 20.40% surge in Ethereum's price, contrasting a 3.62% drop in weekly performance. A bullish crossover on the daily chart suggests potential growth, while an RSI of 61.77 signals caution. Analysts predict Ethereum surpassing the $4K milestone, despite current market challenges. Notable whale movements, including the transfer of 18,646 ETH, continue to impact the market. Although the global crypto market cap experienced a minor decline, daily trading volume surged. Stay informed on the latest Ethereum price trends and market analyses.
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