Ethereum

Solana

Bitcoin

<ul>
 <li><strong>At the time of writing, ETH is trading at $2363, down 1.63% in the last 24 hours.</strong></li>
 <li><strong>If the price manages to go below $2353 level, then it will likely test $2277 support level.</strong></li>
</ul>
<p>A strategic purchase of Solscan, the renowned block explorer of <a href="https://thenewscrypto.com/solana-price-rallies-over-110-level-amidst-bulls-domination/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>, has been announced by Etherscan, a major Ethereum network block explorer, API, and analytics platform.</p>
<p>As stated in the release, the Solscan ecosystem is now officially a part of the Etherscan portfolio, including Bscscan, an explorer for the BNB Smart Chain. In the midst of the Solana ecosystem’s meteoric rise, the purchase by Etherscan guarantees long-term development with the support of a competent team.</p>
<p>Market analysts and community are amazed at the recent increase in Ethereum’s price. A positive trend in the cryptocurrency market caused Ether’s price to jump beyond the $2,400 level.</p>
<p>The recent surge of <a href="https://thenewscrypto.com/radiant-protocol-exploited-of-4-5-million-worth-of-ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> is also a reaction to the growing interest in Bitcoin and the cryptocurrency sector as a whole. The price of the cryptocurrency has increased by an astounding 97.1% over the last year. This price surge follows a string of posts by Vitalik Buterin, co-founder of Ethereum, on Twitter, in which he detailed the revised plan for the blockchain in 2024.</p>
<h3 class="wp-block-heading" id="h-brief-correction-underway">Brief Correction Underway</h3>
<p>At the time of writing, ETH is trading at $2363, down 1.63% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 2.08%. The price climbed all the way till $2428 yesterday, however it faced severe selling pressure.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2024/01/ETH_7D_graph_coinmarketcap.png" alt="" class="wp-image-88517" srcset="https://thenewscrypto.com/wp-content/uploads/2024/01/ETH_7D_graph_coinmarketcap.png 630w, https://thenewscrypto.com/wp-content/uploads/2024/01/ETH_7D_graph_coinmarketcap-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>If the price manages to go above $2393 level, then it will likely surge further to test $2428 resistance level. However, if the price manages to go below $2353 level, then it will likely test $2277 support level.</p>

Ethereum Faces Brief Correction After Climbing Above $2400 Level

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