Ethereum Recovers Above $3,000 as Losses Narrow

OKX data shows Ethereum has rebounded to just below $2,900, easing recent declines and reflecting ongoing short-term volatility in the cryptocurrency market.

ETH

USDT

65d ago

Summary

Ethereum (ETH) rebounded to 2,900.24 USDT, according to OKX market data, narrowing its 24-hour decline to 2.28%. This recovery follows recent trading below the $3,000 psychological threshold, highlighting continued short-term volatility.

Terms & Concepts

USDT: A stablecoin (cryptocurrency pegged to the US dollar) used to facilitate trading and reduce volatility.
OKX: A global cryptocurrency exchange offering spot, derivatives, and DeFi services.
Ethereum (ETH): A blockchain platform supporting smart contracts and decentralized applications, with Ether as its native cryptocurrency.