Ethereum Price Ticks Up as Crypto Market Rout Eases

Ethereum (ETH) price rose 0.52% to $2,232 on Saturday, slightly outperforming a flat broader market, primarily driven by a modest bounce as the market stabilises after a sharp sell-off.

ETH trading volume is down 67% in 24 hours, with transaction value hovering around $4.4 billion, reflecting weak buyer conviction following a recent raft of sell-offs.

Crypto analysts said altcoin price movements have strongly correlated with the S&P 500 over the past week, suggesting a shared macro-driven move.

The entire crypto market cap was nearly unchanged (-0.01%) in the last 24 hours. Ethereum’s modest gain aligns with Bitcoin’s +0.16% move, reflecting a pause after a severe sell-off driven by a…