$ETH Price Analysis (7 March 2023)

This article looks at Ethereum’s price action (ETH-USD) and highlights Etheruem-related news that is worth paying attention to.

As of 10:10 a.m. UTC on March 7, $ETH is trading at around $1567.41 (up 0.1% in the past 24-hour period), making it the second most valuable cryptocurrency, with a reported market cap (i.e., current price * circulating supply) and a fully diluted valuation (i.e., current price * max supply) of around $188.78 billion.

$ETH’s all-time high was $4,878.26, and it was reached on November 10, 2021.

At the time of writing (10:12 a.m. UTC on March 7), according to data from TradingView, on crypto exchange Bitstamp, $ETH is trading at around $1,566.40, up 31.23% in the year-to-date period.

Source: TradingView

Data from blockchain analytics firm IntoTheBlock (ITB) shows that 57% of $ETH addresses are in the money (making profits), 4% are at the money (breaking even), and 39% are out of the money (losing money) given the current market price of $ETH.

Source: IntoTheBloc

Image Credit

Featured Image via Pixabay

Source