ETH (Ethereum) fell 1.23% in the last 24 hours.

Gate News Bot news, on September 15, according to CoinMarketCap, as of the time of writing, ETH (Ethereum) is currently priced at 4628.65 USD, down 1.23% in the last 24 hours, with a high of 4763.36 USD and a low of 4277.85 USD. The 24-hour volume reached 26.8 billion USD. The current market capitalization is approximately 558.7 billion USD, a decrease of 6.951 billion USD from yesterday.

Ethereum is a decentralized open-source blockchain network that supports smart contract functionality. It is the leading platform for developers to build innovative applications and blockchain networks. The Ethereum ecosystem includes various application scenarios such as stablecoins, decentralized finance ( DeFi ), non-fungible tokens ( NFT ), and serves as the infrastructure for many Layer 2 scaling solutions.

Important recent news about ETH:

1️⃣ Large whale trading is active, short-term speculative sentiment is rising.

A whale address sold 5,171 ETH in just two days, worth approximately $23.79 million, resulting in a loss of $206,000. On the other hand, some whales have accumulated a total of 8,711 ETH over the past two months, with an average cost of $3,876. These large transactions reflect a strong short-term speculative sentiment in the market, which may exacerbate ETH price volatility.

2️⃣ The Ethereum Foundation releases a privacy roadmap to support ecosystem development.

The Ethereum Foundation has released a comprehensive privacy roadmap focusing on three core areas: private writing, private reading, and private proof. This initiative aims to enhance the privacy protection capabilities of the Ethereum network, potentially attracting more privacy-sensitive users and developers, thereby promoting the long-term development of the ecosystem.

3️⃣ Institutions are adopting more, but the ETH/BTC ratio remains low.

Despite the increasing adoption of Ethereum by institutions, the ETH/BTC ratio remains below 0.05, currently at 0.039. This phenomenon indicates that there is still room for improvement in Ethereum's market performance compared to Bitcoin. The continued attention from institutional investors may provide support for the future price trend of ETH.

From a technical perspective, the ETH price has recently been quite volatile, oscillating multiple times in the range of 4600-4700 USD. In the short term, the area around 4750 USD may become a significant resistance level, while 4500 USD could provide support. Investors should closely monitor the breakout situation at these key price levels.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.