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ETH’s Transaction Volume (7d MA) Has Reached a 5-Year Low

Published 2022-12-27, 02:32 a/m
© Reuters ETH’s Transaction Volume (7d MA) Has Reached a 5-Year Low

  • The price of ETH has risen 0.23% over the last 24 hours.

  • Daily transaction volume (7d MA) for the altcoin has reached a 5-year low.

  • Technical indicators are bearish on ETH’s daily chart.

The price of Ethereum (ETH) has risen by a slight 0.23% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. The leading altcoin’s price is also 1.19% up for the week at press time. Currently, ETH’s price stands at $1,223.01.

ETH has also been able to gain some strength against the crypto market leader, Bitcoin (BTC). At press time, ETH is up 0.16% against BTC.

The 24-hour trading volume for the largest altcoin by market cap has fallen over the last 24 hours. Currently, ETH’s trading volume stands at $3,406,403,981, which is 17.17% lower than yesterday.

Glassnode Alerts (@glassnodealerts), the blockchain analysis firm, tweeted today that ETH’s Transaction Volume (7d MA) has just reached a 5-year low of 38,511.780 ETH. The tweet added that the previous 5-year low of 38,705.770 ETH was observed on January 27, 2020.

The post ETH’s Transaction Volume (7d MA) Has Reached a 5-Year Low appeared first on Coin Edition.

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