Current Ethereum Price Overview
$2,550.62 (-1.71% 24h change)
What Is Ethereum (ETH)?
ETH serves as the native cryptocurrency of the Ethereum network, powering smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum pioneered programmable blockchains—enabling developers to build applications using self-executing code. Key innovations include:
- Interoperability: Seamless integration with Layer 2 scaling solutions and cross-chain bridges
- Liquidity Enhancement: Improved asset flow across the crypto ecosystem
- Market Position: Second-largest cryptocurrency by market cap ($307.9B)
👉 Discover how Ethereum compares to Bitcoin
Market Performance Snapshot
- 24h Range: $2,529.23 - $2,634.37
- All-Time High (ATH): $4,891.70
- All-Time Low (ATL): $0.4209
Why Ethereum Stands Out
- Smart Contract Platform: Enables dApp creation beyond simple transactions
- ERC-20 Standard: Facilitates custom token development for governance and fee payments
- EIP-1559 Mechanism: Introduces deflationary pressure by burning portions of transaction fees
- Proof-of-Stake (PoS): Energy-efficient consensus vs. Bitcoin's PoW
Buying & Storing ETH Safely
How to Purchase:
- Exchanges: Use platforms like OKX with debit/credit cards
- P2P Services: For added flexibility
Step-by-Step:
- Create an account
- Complete KYC verification
- Enable 2FA and set a PIN
- Select "ETH" and network type
- Enter fiat amount to calculate ETH equivalent
Storage Solutions:
- Hardware Wallets: Maximum security for long-term holders
- Cryptomus Wallet: Features 2FA, PIN protection, and AML checks
Ethereum vs. Bitcoin: Key Differences
| Feature | Ethereum | Bitcoin |
|---|---|---|
| Primary Use | dApp Platform | Digital Gold |
| Consensus | PoS (Energy Efficient) | PoW |
| Supply | No Hard Cap | 21M Cap |
| Flexibility | Regular Upgrades | Stability Focus |
Gas Fees Explained
Gas measures computational effort for Ethereum operations:
- Purpose: Compensates validators for network resources
- Dynamic Pricing: Varies by network congestion
FAQ Section
What replaced Ethereum mining?
Staking replaced mining post-2022 Merge. Users now earn rewards by locking ETH.
How can I earn passive income with ETH?
Stake ETH directly or via platforms offering up to 20% APY on TRX pairs.
Is Ethereum environmentally friendly?
Yes—PoS reduced energy consumption by ~99.95% compared to pre-Merge levels.
Trending Cryptocurrencies (24h %)
| Coin | Change |
|---|---|
| BTC | +2.1% |
| SOL | -3.4% |
| XRP | +1.2% |
Pro Tips for ETH Users
- Track Gas Prices: Schedule transactions during low-congestion periods
- Diversify: Consider staking a portion of your holdings
- Stay Updated: Follow Ethereum Improvement Proposals (EIPs)