Ethereum (ETH), the largest altcoin by market cap, is starting the day in the green. According to CoinMarketCap, ETH is buying and selling fingers at $1,634.76 after a 2.37% drop in value over the last 24 hours. During the same period, the altcoin reached a high of $1,678.28 and a low of $1,615.06.
ETH also lost ground to its main competitor, Bitcon (BTC), by about 0.31% on the previous day. It’s also been in the green by more than 1% over the last seven days.
ETH’s 24-hour buying and selling quantity are inexperienced, currently at $8,701,463,354 billion, up more than 2% from yesterday. ETH currently has a market capitalization of $199,859,159,771. The current circulating supply of ETH is 122,373,866 ETH.
According to the network information in the post, 8 million ETH worth $1,600-$1,650 was purchased from 1.94 million addresses. Foster concluded that this demand section is essential for ETH to continue to rise in value.
