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Ethereum Fights $3,000 Barrier

Crypto prices stalled, but ETH still has momentum on its side.

Jack Inabinet
Feb 24, 2024 • 1 min read

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Crypto prices met resistance this week; Ether rejected off $3k, Bitcoin defended $50k, and the total crypto market cap struggled to crack $1.9T. What else happened in markets?

ETH’s surge to $3k has been accompanied by an uptick in the ETH/BTC ratio, which is up 8% in February and is retesting the downtrend that has plagued HODLers since prior to the Merge in September 2022!

As Etherians took to Crypto Twitter to relish in the strength of their chosen assets this week, Solana’s manlets found themselves relegated to second fiddle as SOL/ETH plunged for the second consecutive week to 2024 lows of 0.034!

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.