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Market capitalization in the global cryptocurrency sector increased by more than 1 percent to $2.01 trillion in the previous 24 hours, but trade volumes fell by roughly 31 percent to $60.94 billion from $88.28 billion, according to CoinMarketCap.
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Ethereum is one of the cryptocurrencies that is currently receiving the most attention (ETH-USD). As the bullish trend continues, Ethereum is now trading at over $3,113 per token, up 5% from yesterday's close. As a result, demand for Ethereum price forecasts has risen again.
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The 28-year-old expert in fintech isn't so sure about the future of cryptocurrencies.
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Last Friday, the bulls finally broke above the consolidation pattern on the 4-hour chart for the first time in a long time.
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This week, Ethereum's price rose above $2,800 for many periods of time, bringing it closer to the $3,000 mark.
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During the recent crypto bull run, many new crypto users were startled to see slow, pricey transactions on the Ethereum network for the first time.
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Bitcoin investors will be hopeful that the $40,000 barrier may be broken.
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Under $2,800 against the US dollar, the Ethereum price is getting bearish momentum. The ETH/USD pair remains vulnerable to further declines below the $2,445 mark.
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In the top 1,000 Ethereum wallets, FTX Token (FTT) has overtaken Shiba Inu (SHIB) as the second most popular cryptocurrency after Ether (ETH).