Daily Price Review: ETH, SEI, DYM, ADA, ARB

Bulls still have an edge on the markets as many tokens record pumps. However, the global market cap has gone down by 1.18% to stand at $1.87 as of press time. The trading volume has also dropped by 9% within the same period to $73B.

Ethereum Price Review

Ethereum (ETH/USD) charts shows a steady upward trend in price over the given period, indicating a bullish market sentiment on the Ethereum price. The Supertrend indicator suggests a support level around 2666.8 USD, with the price comfortably above it, suggesting a continuation of the uptrend. The Ultimate Oscillator is also at 75, backing the upward trend on the Ethereum price.

The now stands at $2,762, representing a 4.4% pump in the last 24 hours. The trading volume has also seen a slight 0.01% increase within the same period to $19.9 billion.

Looking at SEI Network (SEI/USDT) charts, we see the token has experienced a sharp rise, as depicted by the bullish candles. The Alligator indicator implies a potential continuation of this trend with a slight consolidation as Sei price trades above the jaws of the alligator.

The Sei price now stands at $0.877, representing a 14.4% pump in the last 24 hours. The trading volume has also seen a 62% increase within the same period to $668 million.

Dymension Price Review

Dymension (DYM/USDT) charts shows a more volatile movement with a significant spike followed by a correction. The MACD is above the signal line but turning downwards, and the RSI is also moving south, indicating potential pullback on the Dymension price.

The Dymension price now stands at $8.19, representing a 14.8% pump in the last 24 hours. The trading volume has doubled within the same period to $668 million as the Dymension price rides a bullish sentiment.

Cardano Price Review

Cardano (ADA/USDT) charts also exhibit an uptrend , with the Cardano price remaining within the upper band of the Bollinger Bands, indicating strong buying pressure. The ADX, above 25, suggests a strengthening trend.

The Cardano price now stands at $0.517, representing a 5.2% pump in the last 24 hours. The trading volume has jumped by 16% within the same period to $558 million as the

rides the bull wave.

ADA 2-hour chart | Source: TradingView

Aributrum Price Review

Arbitrum (ARB/USDT) presents a more range-bound movement with minor fluctuations. The Volume Oscillator indicates lower trading volumes, and the PPO is flat, suggesting a lack of strong momentum in either direction.

The Arbitrum price now stands at $2.09, representing a 1.26% pump in the last 24 hours. The trading volume has, however, dropped by 14% within the same period to $389 million as bulls dominate the Arbitrum price.