Ethereum has been making lower lows since its all-time however it updated the local high on Feb 10 by stretching the price up to $3270.
Ethereum price today is $2,951.73 USD with a 24-hour trading volume of $11,784,719,857 USD. Ethereum is up 0.30% in the last 24 hours with a market cap of $352,960,943,538 USD. It has a circulating supply of 119,577,796 ETH coins.
Unfortunately, the uptrend could not continue and Ethereum falls again to the bearish parallel channel. This could be, however, a price pullback and Ethereum might continue surging to a $3,600 resistance level. Ethereum has local support at $2,600 and then at $2,100. Bitcoin’s downwards movement is hurting all altcoins and it will take time to lower the negative volatility.