According to CoinMarketCap, from February 24, after a sharp collapse of cryptographic markets, Ethereum capitalization has been kept at between $ 14.8 billion and $ 13.8 billion. At 16:00 Moscow time, on March 2 Ethereum market was estimated at $ 14.2 billion.
At the time of the market review, the weighted average price for an ETH coin is $ 135.00. At crypto sites, where ethereum is quoted against the US dollar, today trading in the largest altcoin is conducted against the background of a slight increase in pressure on the price from sellers.
Market experts, based on data from a technical analysis of a short-term cryptocurrency exchange rate, point out the increasing risks of lowering the ETH / USD quotes below the key support level of $ 129.50.
According to preliminary forecasts, at the beginning of the trading week on March 4-10, bears can update the local minimum at around $ 125.70 and test the price support at the mirror level of $ 123.60.