Ethereum

Convergence

Aave

Arkham

Daily

<ul class="wp-block-list">
 <li>Ethereum showed modest price increases in the last 24 hours as per CMC data.&nbsp;</li>
 <li>The altcoin’s daily trading volume showed a 10.43% increase.</li>
</ul>
The crypto sector shook off its recent slump with a surge in activity over the last 24 hours. While the web3 ecosystem made several advancements, cryptocurrency prices took a turn towards a modest positive. Relatedly, the leading altcoin and second largest cryptocurrency, Ethereum recorded a 0.98% increase in daily price movements.&nbsp;
Notably, ETH price movement showed entering a consolidation as prices stagnated at the $2.3K level. As the overall cryptocurrency market also witnessed declining movements, Ethereum succumbed to the price slump. However, in the last 24 hours, with Bitcoin leading the aforementioned positive movement, the altcoin is also attempting to break the crucial resistance levels.&nbsp;
On inferring the token’s daily price chart, Ethereum, in the afternoon hours of September 11 traded at $2,309. As the day progressed, the token propelled by <a href="https://thenewscrypto.com/btc-holds-strong-above-58k-and-targeting-key-60k-resistance/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> price movement attempted to surpass $2,300 several times. However, at the time of writing, Ethereum was still trading at $2,344 as per CMC <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">data</a>. Nevertheless, if the altcoin manages to sustain its current positive momentum, it may break out of the consolidation phase.&nbsp;
Meanwhile, Ethereum co-founder, <a href="https://thenewscrypto.com/vitalik-buterin-tightens-criteria-for-supporting-l2s-in-2024/" target="_blank" rel="noopener noreferrer nofollow">Vitalik Buterin</a> was seen making ETH movements as per Arkham Intelligence data. A wallet connected to the co-founder staked 949.9 ETH tokens worth $2.24 million onto the Aave network approximately 10 hours ago.&nbsp;
<h3 class="wp-block-heading" id="h-ethereum-price-weekly-overview">Ethereum Price Weekly Overview</h3>
According to TradingView <a href="https://www.tradingview.com/symbols/ETHUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">data</a>, Ethereum’s weekly price performance stands at 4.27%. At the beginning of the week, the token was trading at $2,412 before it slid downwards. Additionally, the token fell to the support of $2,150 on September 6, which was also its weekly low. However, in the last 24 hours, as aforementioned, the altcoin has taken a positive turn.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd6YiTi929RjrdJEVr6JMk6oVCGORyHYivO8IeS9Iw6yEtN0u2rsnBC_KymhZUatyPkK_TeAEIcusGwXD2DRTOax7SIXIvXRfIyw1u-AWPIPN8UmuTeLIJlQEfMfymRWa2KZgRRjCALifUyV1EZV1rmZPg?key=vculBtNDN9_kWDBiEvJ34Q" alt="">
 <figcaption class="wp-element-caption">ETH/USDT Daily Price Chart (Source: <a href="https://www.tradingview.com/symbols/ETHUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Moreover, Ethereum’s 50-day to 200-day MA shows the occurrence of a death crossover, recently on August 8. Meanwhile, the token’s Moving Average Convergence and Divergence (MACD) indicates a positive turn. The token’s signal line crossed over the MACD line suggesting the recent upward movement.&nbsp;
On the other hand, Ethereum whales have shown selling activity over the past few months as reported by market analyst Ali.&nbsp;
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/attestant-signals-eth-to-refine-messaging-to-pull-in-wall-street-investors/" target="_blank" rel="noopener noreferrer nofollow">Attestant Signals ETH To Refine Messaging To Pull In Wall Street Investors</a>

Ethereum Attempts to Disentangle from Consolidation Phase at $2.3K

Table of Contents

TheNewsCrypto

Other articles published on Sep 12, 2024

Polygon Upgrades $MATIC Token to $POL: What It Means for the Network and Holders

Solana Memecoin Trump Loves Tesla Will Rally 16,000% Ahead of Exchange Listing, While Dogecoin an...

What Is the Telegram-Based Catizen Game?

Cardano’s Latest Upgrade: What is Chang Hard Fork?

JUST IN! Binance Labs Announced the New Project It Invested in!

Analyst Reveals Next Target for Bitcoin Between $87,000 and $88,000, This will Usher the Start of...

Join our free newsletter for daily crypto updates!