As a leading cryptocurrency consistently holding the position of the second-largest by market capitalization, Ethereum (ETH) has always been a focal point for investors and is often compared to Bitcoin (BTC). This article provides a detailed overview of Ethereum's current price, recent market trends, and essential information for those interested in its performance.
Ethereum Price Overview
Based on the latest available data, here are the key market metrics for Ethereum:
- Current Price: 1 ETH = $1,321.99 (approx. ¥9,180.45)
- 24-Hour High: $1,342.67
- 24-Hour Low: $1,256.59
- 24-Hour Price Change: +4.05%
- 7-Day Price Change: +4.39%
- Market Capitalization: $159.32 billion
- Market Cap Rank: #2
Please note that cryptocurrency prices are highly volatile and can change rapidly. The figures above are a snapshot in time.
Latest Ethereum Market Trends
Recent market analysis indicates that over the past month, Ethereum's price experienced a period of decline followed by a phase of relative stability and consolidation.
Market projections suggest the possibility of a minor upward price movement in the near term. However, despite potential short-term gains, Ethereum faces the challenge of recovering from a significant 30-day drawdown.
A sustained, long-term recovery in Ethereum's value is closely tied to broader factors, including overall global economic conditions and positive developments within the cryptocurrency ecosystem. For a deeper understanding of the forces driving these market movements, you can 👉 explore comprehensive market analysis tools.
Ethereum (ETH) Fundamentals
- Full Name: Ethereum
- Nature: An open-source, public, blockchain-based distributed computing platform.
- Initial Launch Date: July 24, 2014
- Initial Offering Price: $0.308
- All-Time High Price: $4,878.26
- Circulating Supply: 120,521,485 ETH
Frequently Asked Questions
What is the main difference between Ethereum and Bitcoin?
While both are major cryptocurrencies, their core purposes differ. Bitcoin was designed primarily as a decentralized digital currency and store of value. Ethereum is a decentralized platform that enables smart contracts and decentralized applications (dApps) to be built and run without downtime or interference from a third party.
How can I stay updated on the latest ETH price changes?
The best way to track real-time Ethereum prices is by using a reputable cryptocurrency market data aggregator or a major exchange. These platforms provide live price charts, order books, and trading volume data, allowing you to monitor fluctuations by the second.
What factors commonly influence the price of Ethereum?
Ethereum's price is influenced by a combination of factors, including overall crypto market sentiment, network adoption rates (such as for dApps and NFTs), technological upgrades (like the Merge to Proof-of-Stake), regulatory news, and broader macroeconomic conditions.
Is it a good time to invest in Ethereum?
Investment decisions are highly personal and depend on your individual financial goals, risk tolerance, and research. The crypto market is known for its volatility. It is crucial to conduct your own thorough analysis and never invest more than you are willing to lose.
What is gas fee on the Ethereum network?
A gas fee is the payment required to successfully conduct a transaction or execute a contract on the Ethereum blockchain. It is paid to network validators in ETH and fluctuates based on network congestion; higher demand leads to higher fees.
Where can I securely buy and trade Ethereum?
Ethereum can be purchased on numerous established cryptocurrency exchanges. It is essential to choose a platform with a strong reputation, robust security measures, and sufficient liquidity. Always ensure you practice safe storage, such as using a personal hardware wallet for significant amounts. For a secure trading experience, you can 👉 discover a leading digital asset platform.