Ethereum has gone through a rollercoster week alongside Bitcoin with ETH dropping to as low as $3,086 on March 21, 2024. After painting the chart red over the recent days, the Ethereum price is recovering, with a 10% increase in its 24-hour trading volume. The crypto market is optimistic that the coin will bounce back and this time, it will soar to $5000. Let’s find out the possible factors that could push ETH to achieve this milestone.
Market Performance of Ethereum Price
Ethereum price today is $3,477, an increase of 2.47% over the past day. Its trading volume has soared 10% over the past 24-hours to record $13.48 billion. With a market cap of $418 billion, ETH is ranked the second largest cryptocurrency after Bitcoin, according to CoinMarketCap. The coin has 120 million ETH in circulation.
Top Reasons That Will Propel Ehereum Price Recovery to $5000
Some factors contribute to Ethereum potential Bounce Bak to $5,000
1. The Dencun Upgrade
The Dencun upgrade is a significa
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