Ethereum, the second-largest cryptocurrency by market cap, is priced at $2,446.77. Despite a slight dip of 0.18% in the past 24 hours, Ethereum has shown remarkable resilience, especially over a 60-day period with a 34% increase. The long-term chart tells a promising story, with an even stronger gain of over 34% in the last 90 days.
Ethereum’s strength lies in its robust blockchain ecosystem that supports decentralized applications (dApps), smart contracts, and tokenization. The Ethereum network continues to attract developers, companies, and decentralized finance (DeFi) platforms. It is a foundational technology for many blockchain innovations.
High trading volumes, totaling nearly $14 billion in a single day, demonstrate sustained investor interest. As the backbone for many altcoins and Web3 projects, Ethereum holds strategic significance in the broader crypto environment. July may witness renewed attention toward its ecosystem, contributing to price acceleration.
Also Read – Ethereum Hits Accumulation Peak: Is a Price Move Coming?
