Ethereum Price Hits $1,878 as Market Remains Range-Bound

Ethereum's price reached $1,878.87 on Monday, with a market capitalization of nearly $233 billion and a circulating supply of 120.47 million tokens.

The asset gained just over 1% compared to the previous day, but remains 1% lower across the trailing week.

The move tracked Bitcoin's crossing of $64,000 in Asian hours before fading to $63,260, and the broader equity tape, where Nasdaq 100 futures added 139 points or 0.5%.

The session before it was among the quietest of the year, with Ethereum trading near $1,870 after a flat day that held a range of barely 0.9% between $1,859.80 and $1,876.20.