According to CoinMarketCap Ethereum (ETH) has seen its price drop slightly as it finds itself back below the $1,400 level at the time of writing, with its price at $1,356.80. Although it is less than $1,400, the price of ETH has increased by about .94% in the past 24 hours. The price of ETH also rose by about 13.87% last week.
The price of the altcoin reached a 24-hour high of $1,378.195. Compared to the crypto market leader BTC, the 24-hour low of $61 (BTC) was also up 9.11%.
Investors speculate that the recent recovery in ETH prices may be mainly due to the estimated time for the ETH development team to start the merger. The merger time is now to be determined in September.
Total amount of ETH settlement
According to Coinglass data, at the time of writing this article, the total settlement amount of ETH in the last hour reached 4.11 million US dollars. The total settlement of ETH in 24 hours is 855.8 million US dollars.
The daily chart of ETH
The daily chart can be seen from the above ETH/USDT, ETH's positive performance in the past 24 hours has strengthened its multi-day green sequence. Seeing this sequence, the price of ETH is relatively easy to break through the $1,200 level.
