Ethereum (ETH) is dipping in today as the asset now sits on a 6% loss for the week as the asset now trades at $1,639. Ethereum has a current market cap of $197,089,334,287 as the weekly loss in valuation now stands at 10%. ETH’s volatility levels are however rising as the Bollinger bands now diverge away from each other, as the asset’s trading volume sees a dramatic 140% rise within 24 hours of trading, demonstrating the increased activity on ETH’s network.
The relative strength index indicator is also moving down below the average line as the asset’s bears push into the oversold region. The MACD indicator is also moving down on the negative side as the asset’s bears dominate Ethereum’s network.
Other altcoin analysis
Uniswap (UNI) has fallen back a bit after registering a 1.4% drop within 24 hours of trading to take its price to $4.3845. Uni has a current market cap of 2.53B as the asset trading volume now stands at 149.07M.
BNB is also on a downtrend as the asset now sits on a 5.5% loss as the asset now trades at $233. The asset now has a circulating supply of 155,853,878.60 BNB. BNB’s trading volume currently stands at 626M.
Other altcoins are also having a rough as most altcoins record losses in today’s session. Ripple (XRP) is sitting on 4% losses for the day as the asset now trades at $0.48 ahead of a 7% loss. Cardano (ADA) has also fallen 5% as the asset trades at $0.26. Polygon is among today’s top losers as the asset drops by 7% ahead of today’s bear market.
KuCoin token is trending as the asset now trades 5% up from its previous 24-hour price. The token now trading at $6.52. The trading volume is now at $2,986,195 representing a tremendous 155% growth within 24 hours.
Other gains today are Trust wallet token (TWT) which has gained 8.6% within 24 hours as the asset now trades at $0.83, as it now ranks at 387 as of press time on CoinMarketCap. The trading volume has also seen a massive 788% gain in 24 hours as it now stands at $98M.
