What Is the Current Price of Ethereum?
As of 8 a.m. ET, Ethereum (ETH) is priced at $3,172.44**. Over the past year, ETH reached an intraday high of **$4,088.00 on March 12, 2024, and a low of $1,905.69 on November 17, 2023.
Ethereum Price Trends and Market Data
Key Metrics:
- Market Capitalization: $382.69 billion (second only to Bitcoin).
- Year-over-Year Growth: +55%.
- 52-Week Range: $1,905.69 – $4,088.00.
👉 Track real-time ETH prices with live charts and analysis.
Ethereum’s market cap rivals major blue-chip stocks like Coca-Cola ($275B) and Merck ($260B). Together with Bitcoin, ETH dominates 72% of the crypto market.
How Ethereum Works
Ethereum is a decentralized blockchain platform enabling:
- Smart Contracts: Self-executing agreements triggered by predefined conditions.
- Decentralized Finance (DeFi): Peer-to-peer lending, trading, and more.
- NFTs: Unique digital assets representing art, music, and collectibles.
Gas Fees: Transactions on Ethereum require "gas fees," paid in gwei (1 gwei = 0.000000001 ETH).
Historical Price Analysis
2015–2020:
- All-Time Low: $0.42 (October 2015).
- 2017 Rally: ETH surpassed $1,000, peaking at ~$1,300 in early 2018.
2021–2024:
- All-Time High: $4,891.70 (November 2021).
- 2022 Downturn: Dropped below $900 amid crypto winter.
- 2024 Recovery: ETH spot ETFs launched (July 2024), boosting investor confidence.
Ethereum vs. Bitcoin
| Metric | Ethereum (ETH) | Bitcoin (BTC) |
|--------------|----------------|---------------|
| YOY Growth | +55% | +122% |
| Market Cap | $382B | $1.2T+ |
Bitcoin’s ETF-driven surge widened its performance gap over ETH in 2024.
How to Buy and Store Ethereum
Purchase Options:
- Exchanges: Binance, Coinbase, Kraken.
- Brokerages: Robinhood, Webull.
- Payment Apps: PayPal, Venmo.
Storage Solutions:
- Hot Wallets (connected online) for convenience.
- Cold Wallets (offline) for enhanced security.
👉 Compare top crypto wallets for ETH storage.
Ethereum ETFs
Types:
- Futures ETFs: Hold ETH futures contracts (e.g., VanEck’s EFUT).
- Spot ETFs: Directly hold ETH (e.g., iShares ETHA, Fidelity’s FETH).
Spot ETF approvals signal growing regulatory acceptance of crypto assets.
FAQ Section
Q: Does Ethereum generate revenue?
A: No. ETH’s value is driven purely by supply and demand.
Q: Can I still mine Ethereum?
A: No. Ethereum transitioned to proof-of-stake in 2022, replacing mining with staking.
Q: What drives Ethereum’s price?
A: Network adoption, DeFi activity, and macroeconomic trends influence ETH’s market value.
Disclaimer: Cryptocurrency investments are volatile. Conduct independent research or consult a financial advisor before trading.
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