- Two converging trendlines in the daily chart drive the near term consolidation in Ethereum price.
- Iran has raised concerns over alleged violations of a proposed negotiation framework.
- Ethereum Staking has hit a new all-time high of 32% total supply, reducing liquid supply available on exchanges or for immediate selling
Ethereum, the second largest cryptocurrency by market capitalization, records a low volatility during Wednesday’s U.S. market hours to currently trade at $2,216. This slowdown in recovery momentum surfaced as the U.S. and Iran continue to comply with each other’s terms despite the recently announced two weeks ceaseful. While the price action wavers in uncertainty, the percentage of ETH supply stacked has hit a new high, raising the underlying demand pressure for Ethereum price.
Iran Accuses US of Breaching 10-Point Deal
On April 8th, the Ethereum price recorded an intraday drop of 1.26% to currently trade at $2,211. This pullback a renewed co...
English (US)