Ethereum transaction volumes hit a new all-time high of 21.8 million – Ethereum price prediction forecasts a 20% gain as network activity decouples from price.
Ethereum price faces $2,400 resistance as weak spot demand clashes with a bullish chart targeting $4,900 and $8,300.
Ethereum is trading around $2,350 today with a live market cap near $281 billion and more than $20 billion in 24‑hour volume, sitting far below its $4,955 all‑time high but well above the sub‑$1,000 lows of the last bear market.
Ethereum News: ETH Stalls at $2,400, Altcoin Correlation Peaks
U.S.-listed spot Ethereum (ETH) ETFs extended their streak of net inflows for a fourth consecutive session on May 6 ET, signaling steady 'institutional demand' even as flows remained concentrated in a handful of products. Data compiled by SoSoValue showed the spot Ethereum ETF complex posted a net inflow of $11.57 million for the day.
Ethereum price has pared off some gains after facing resistance at $2,400 this week. A confirmed bullish pattern on the chart, however, positions it for strong upside in the coming sessions.
Ethereum (ETH) is presently valued at roughly $2,324 per token. Given the current circulating supply of approximately 120.7 million ETH, the network commands a market capitalization hovering around $280 billion.
Ethereum is currently hovering near $2,350 following an unsuccessful attempt to sustain momentum above the $2,420 threshold. Price action slipped beneath a key bullish trend line positioned at $2,365 on the 1-hour timeframe and continues to trade under the 100-hour Simple Moving Average.
The decentralized finance (DeFi) sector has just endured yet another multi-million-dollar breach.
How is Ethereum staking helping Sharplink steadily grow its treasury holdings?
Ethereum price started a fresh increase and remained stable above $2,380. ETH is now correcting gains and might decline if it trades below $2,300.
Ethereum price traded nearly flat today despite a modest recovery across the broader crypto market. The second-largest cryptocurrency by market capitalization remained under pressure after a massive Ethereum transfer by prominent whale Garrett Jin, also known as BitcoinOG1011short.