- Ethereum grips for life on CoinMarketCap’s trending list at 15th.
- In the last 24 hours the price of ETH has dropped by 4.98%, which leaves the price at $2,811.20.
- The 24-hour price drop continues the downward trend for the DApp platform.
Ethereum (ETH) still finds itself on CoinMarketCap’s trending list and is 15th on the list. The coin is also ranked 2nd in terms of market cap, behind Bitcoin (BTC), which still holds the number one position, while Tether (USDT) occupies the third position on the market cap list.
In the last 24 hours, the price of ETH has dropped by 4.98%, which leaves the price at $2,811.20, or 0.07329741 BTC. The ETH price has also seen a 3.2% drop over the last week and a double digit 10.15% drop within the last month.
On the other hand, ETH has seen a trading volume of $14.20B in the last 24 hours. This is according to CoinMarketCap, which is a 74%+ increase in the coin’s trading volume.
The price trend seen with Ethereum seems to be a representation of what’s going on in the majority of the rest of the crypto market as other coins with large market caps such as Bitcoin (BTC), Binance Coin (BNB), and XRP have all experienced a drop in their respective prices over the last 24 hours and week.
Ethereum making its way to the trending list and the surge in its 24-hour trading volume, despite its price dropping, could be a sign that fans and believers of the project are gearing up for an ETH bull run in the near future.
Although the launch of The Merge has been postponed numerous times, it is still likely that the eventual launch will be worth the wait. Crypto investors may just be gearing up for the deployment of the Merge that is expected to take place towards the middle of the year.