Ethereum is currently on bearish momentum. At 08:03 EST on Tuesday, 5 January, Ethereum is at $1,035.71 and down by 7.07% in the last 12 hours.
Ethereum Range
Over the last six hours, Ethereum’s higher value was $1,041.43 and the lower value was $1,008.59.
Over the last twelve hours, Ethereum’s higher value was $1,108.90 and the lower value was $988.15.
Concerning Ethereum’s daily highs and lows, it’s 4.813% up from its trailing 24-hour low of $988.15 and 6.6% down from its trailing 24-hour high of $1,108.90.
About Ethereum’s yearly highs and lows, it’s 988.159% up from its 52-week low and 10.187% down from its 52-week high.
Volatility
Ethereum’s last day, last week, and last month’s average volatility was 6.63%, 5.52%, and 1.98%, respectively.
Ethereum’s last day, last week, and last month’s high and low average amplitude percentage was 26.40%, 12.23%, and 7.74%, respectively.
Last news about Ethereum
According to FX Empire on Sunday, 3 January, “Crypto.com Coin and Litecoin rallied by 10.53% and by 8.38% to lead the way, with Ethereum rising by 6.06%.”, “Chainlink (+0.28%), Ethereum (+0.50%), and Litecoin (+0.54%) joined Bitcoin in the green, with Bitcoin Cash SV flat.”
According to Business Insider on Monday, 4 January, “Our goal is to build up cryptocurrencies mining machines for The9 that will contribute 8% to 10% of the global hash rate of Bitcoin, 10% of the global hash rate of Ethereum and 10% of the global hash rate of Grin and become one of the world’s largest cryptocurrencies mining companies in terms of hash rate.”
According to Bloomberg Quint on Monday, 4 January, “A flood of new shares in the Grayscale Ethereum Trust is sending its price in the opposite direction of the cryptocurrency that it holds.”, “Grayscale’s Ethereum trust is the exchange-traded product that invests in the second-largest cryptocurrency. “
According to Business Insider on Tuesday, 5 January, “Initially LCX.com will offer the most popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC) and LCX Token ($LCX).”
News about Bitcoin
Bitcoin breaches $34,000 as rally extends into new year. According to Bloomberg Quint on Saturday, 2 January, “Still, there are reasons to be cautious, partly since Bitcoin remains a thinly traded market. “
BQ big decisions: Bitcoin is crying out for A place in your portfolio. beware of the risks. According to Bloomberg Quint on Sunday, 3 January, “On this BQ Big Decisions podcast, BloombergQuint speaks to author, angel investor and expert on Bitcoin Ajeet Khurana about what to keep in mind when deciding whether to invest in Bitcoin.”
Ether follows Bitcoin to record high amid dizzying crypto rally. According to Bloomberg Quint on Monday, 4 January, “The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.”, “Proponents of Bitcoin argue that it’s muscling in on gold as a hedge against U.S. dollar weakness and inflation risk, citing evidence of growing interest among institutional investors. “
Bitcoin falls most since March as volatility grips trading. According to Bloomberg Quint on Monday, 4 January, “Still, Bitcoin is up more than 300% over the past year, driven by a speculative fever from retail and institutional investors on the belief that cryptocurrencies are emerging as a mainstream asset class and can act as a store of value.”, “Believers in Bitcoin have pointed to the market’s supply constraints and supposedly rampant money printing by central banks as key drivers of bullish narrative. “
JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, “More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so. “, “A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term,” the strategists wrote Monday. “
According to CNBC on Tuesday, 5 January, “Many institutional investors are using investment vehicles like Grayscale’s Bitcoin Trust as a means of buying into bitcoin. “, “According to JPMorgan, more than $3 billion has flowed into the Grayscale Bitcoin Trust since mid-October while gold ETFs have bled $7 billion.”