Ethereum (ETH) is dipping after yesterday’s bull session, as the asset now sits on a 1.3% loss for the day as the asset now trades at $1,875. Ethereum has a current market cap of $226B, as the weekly gain in valuation now stands at 12%.
However, ETH’s volatility levels are unstable as the Bollinger bands maintain a considerable distance from each other, as the asset’s trading volume sees a 40% fall within 24 hours of trading, demonstrating the increased activity on ETH’s network.
The relative strength index indicator is moving high above the average line showing the dominance of bulls on the asset despite today’s dip. The MACD indicator is also moving up on the positive side as the asset’s bears dominate Ethereum’s network.
Other altcoin analysis
BNB is also on a downtrend as the asset now sits on a 2.26% loss, as the asset now trades at $242. The asset now has a market cap of $37,735,825,480, as the trading volume currently stands at $453,488,30, representing a 41% drop.
Despite the challenging market, UNUS SED LEO (LEO) is making significant strides in today’s session as the asset now achieves an 8% gain within 24 hours to take its price to $3.9, as the weekly pay now stands at 11%.
Other altcoins are also having a rough as most altcoins record losses in today’s session. Ripple (XRP) is sitting on 2.1% daily losses as the asset trades at $0.48, ahead of a 5% weekly gain. Cardano (ADA) has fallen 1.5% as the asset trades at $0.29. Polygon has also dipped slightly as the asset drops by 2.2% before today’s corrections.
Bitcoin SV (BSV) is another notable gainer today as the asset now rides on gains of 9% within 24 hours, as the weekly pay now stands at an impressive 21%. BSV’s trading volume has seen a notable 144% surge to reach $95M as of press time.
Other gains today are Zilliqa (ZIL), which has gained 5% within 24 hours as the asset now trades at $0.02017, ranking at #94 as of press time on CoinMarketCap. The trading volume has also seen a 12%% gain in 24 hours, now at $21M.
