8:21 AM · 6 March 2024

Chart of the day - Ethereum (06.03.2024)

The recent days have been very volatile in the cryptocurrency market. Yesterday, Bitcoin broke its historic all-time high (ATH), momentarily surpassing the $69,000 level. However, shortly after this, there were cascading declines due to the over-leveraged state of the market. Bitcoin briefly fell below $60,000, and Ethereum approached $3,200. Nevertheless, as quickly as the declines happened, they ended just as swiftly. Today, we are observing a strong rebound. The BTC price has returned above $66,000, and ETH is gaining to the level of $3,770.

Looking at the historical behavior of capital in the market, Bitcoin breaking its previous ATH initiates the start of capital flow to Ethereum, and then to smaller projects. We are observing such a movement in recent days. Ethereum has two very important events ahead. One of them is the Dencun update, followed by the approaching final deadlines for ETF applications. On this wave, it's possible that the bulls might strive to break through the $4,000 level. In such a scenario, the ETH price would still be nearly 20% below its ATH.

Source: xStation 5

10 November 2026, 6:47 PM

Daily summary: CPI reading hits markets, hawkish Fed and Wall Street selloff

6 November 2026, 6:41 AM

Morning Wrap: Tech Crash and a Black Thursday for Global Markets

5 November 2026, 6:52 PM

Daily Summary: The Honeymoon Is Over: Wall Street Plunges Into a Massive Sell-Off

30 October 2026, 6:30 PM

💥Daily Summary: Tech Sector Crash on Wall Street and Historic Attack on Binance

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits