- ETH moves closer to breaching $4,000.
- Ethereum’s NFT sales volume drops a spot.
Ethereum [ETH] has experienced gradual upward movements recently, approaching the $4,000 price range. However, concurrently, as the overall price of Ethereum has risen, the blue-chip NFTs on the network have witnessed a decline in their prices.
Ethereum shows strong rebound
The analysis of Ethereum’s price trend showed that its uptrend started on 1st February when it was trading at about $2,300.
Despite encountering occasional downtrends over the past month, Ethereum has successfully breached new price ranges. The daily timeframe chart examination showed a remarkable increase of over 70% between 1 February and the current moment.
On 5th March, there was a slight decline of over 2%, bringing its price to around $3,557. However, at the time of this writing, ETH displayed a strong rebound, with an almost 8% increase, reaching a trading price of…
