ETH Jumps By 4%; Whales Moves 95K ETH

Ethereum rises by 4.38% after Brazil approves cryptocurrency regulation. Currently, the market capitalization of  Ethereum is $154,930,645,278 USD. Notably, The market capitalization of the cryptocurrency market is $852.93B, up 1.92% from yesterday. Over the past 24 hours, the overall volume of the cryptocurrency market has decreased by 7.25% to $44.91B. Bitcoin’s dominance is currently 38.07%, an increase of 0.18% over the day. Ethereum is currently able to break through the $1,230 resistance level versus the US Dollar. After testing $1,280, ETH appears to be building a solid support zone around $1,230.  Recently as per the tweet whales moved 95,814 ETH to the wallet which also leads the price rise of Ethereum

Ethereum live price in USD

The Ethereum live price is $1,267.36 USD. In the last 24 hours, Ethereum’s trading volume is $8,035,834,597 USD. There are 122,373,866 ETH coins in circulation, and the maximum supply is not known. The price of Ethereum remained strongly bid above the $1,150 support region. Similar to bitcoin, ETH established a foundation and began a new uptrend over the $1,200 resistance. The price passed through the critical resistance zone between $1,230 and $1,250. The price moved in an upward direction, reaching a high of $1,280. Near $1,265 it is presently consolidating gains. Also trading over $1,230 and the 100 hourly simple moving average is the price of ether.

Ethereum live price in INR

The live Ethereum price today is ₹103,083 INR with a 24-hour trading volume of ₹653,169,396,853 INR. We update our ETH to INR price in real-time. Ethereum is up 4.29% in the last 24 hours. As far as market capitalization is concerned the live market cap of Ethereum is ₹12,614,610,286,549 INR. It has a circulating supply of 122,373,866 ETH coins and the max. supply is not available.

With the help of 24 hour chart of Ethereum, in case, ethereum unable to move over $1280 barrier then ETH might begin a negative correction. Near the $1,230 mark and the trend line that is marked is the next significant support. The price may test the $1,200 support and the bulls may reappear if there is a break below $1,230. In the near future, additional losses could potentially trigger a new decline in direction of the $1,150 support region.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.