What is the current price of Ethereum?
Ethereum (1 ETH) is trading at $2,544.29 as of 8 a.m. ET. The highest intraday price reached by the cryptocurrency in the past year was $4,088.00 on March 12, 2024.
ethereum price chart
*Return comparisons are as of 8 a.m. ET.
Ethereum is not the first altcoin, but it is one of the most well-known. This cryptocurrency has seen rapid growth in blockchain and value since its launch in 2015.
ethereum price
This chart captures data as of 8 a.m. ET each day and does not display intraday highs or lows.
Ethereum’s 52-week intraday high was traded at $4,088.00 per ETH on March 12, 2024. The 52-week intraday low was $1,744.35 on October 27, 2023.
Major altcoins have transformed the global financial market, with a global market capitalization of $306.49 billion. ETH is currently up 40% year over year.
Ethereum market capitalization
Ethereum's market capitalization is second only to Bitcoin. Bitcoin and Ethereum account for 71% of the cryptocurrency market. The third largest cryptocurrency is Solana. Market capitalization is $101.91 billion.
Ethereum’s market capitalization is comparable to that of major blue-chip stocks such as The Coca-Cola Company (KO) at $293 billion and Merck & Company (MRK) at $270 billion.
What is Ethereum?
Ethereum is a blockchain-based decentralized platform. Promote safe financial transactions. The native token of the network is ether.
Bitcoin also uses blockchain technology. However, the behavior is different. Ethereum has a programmable blockchain that provides additional utility to users through smart contracts. Smart contracts are automatically executed when certain conditions are met.
Many users prefer Ethereum's decentralized network, which does not rely on big tech companies. The small, private network of computers does not use cloud servers owned by Google or Amazon.
The Ethereum blockchain is used for decentralized finance, gaming, socializing, and gambling. Non-fungible tokens, unique digital collectibles, also exist on the blockchain. NFTs represent ownership of unique digital assets such as works of art, songs, videos, etc.
Ethereum gas price
Users pay Ethereum gas fees to process transactions and use smart contracts on the network. It's similar to highway tolls.
Gas fees are paid in gwei, a unit representing one billionth of 1 ETH.
Ethereum price history
Ethereum price 2015-2020
Ethereum was launched in July 2015 and hit an all-time low soon after. In October 2015, ETH traded for just 42 cents.
Cryptocurrencies grew in popularity in 2017, and in January 2018, ETH reached $1,000 for the first time. It peaked at about $1,300 a few weeks later.
The announcement of a Bitcoin futures contract by CME Group helped drive the surge in 2017. But as enthusiasm waned in 2018, prices fell. That led to the crypto winter.
In 2020 prices rose again. This time, the shutdown due to the coronavirus pandemic likely gave Ethereum a boost. Thanks to government stimulus checks and low interest rates, many Americans are investing their cash in cryptocurrencies.
Ethereum price 2021-2024
Ethereum price approached $5,000 at the end of 2021 and reached $4,891.70 on November 16, 2021. However, the virtual currency market cooled down in 2022 due to rising interest rates. The industry has also been hit by high-profile bankruptcies, such as the cryptocurrency exchange FTX, which received the most attention in November 2022. The price of ETH has fallen. That year it was less than $900.
However, cryptocurrencies rebounded. Prices will trend upward in 2023 and 2024. The Securities and Exchange Commission approved several Bitcoin Spot ETFs in January 2024.
The first EtherSpot ETF in the US began trading on July 23, 2024. Funding comes from Grayscale, Fidelity, BlackRock and others. These can be found on the Nasdaq, New York Stock Exchange, and Chicago Options Exchange.
In early August 2024, the price of Ethereum plummeted after a widespread crypto selloff hit global markets. Prices were well above the $3,000 threshold on August 3rd, but fell to below $2,500 on August 4th. Currently, ETH is trading at $2,544.29.
Bitcoin price and Ethereum price
There is no doubt that Bitcoin and ETH have been great investments since Ethereum's launch in 2015.
Last year's enthusiasm for Bitcoin spot ETFs reversed the performance gap between the two major cryptocurrencies. Bitcoin price is up 100% year over year, while Ethereum price is up 40%.
How to buy Ethereum
One of the common ways to purchase ETH is through cryptocurrency exchanges such as Binance, Coinbase, and Kraken.
You may be more comfortable using an online brokerage that supports cryptocurrency trading, such as Interactive Brokers, Webull, or Robinhood.
Payment apps like Venmo and PayPal have options for purchasing ETH. Direct purchases are also possible at cryptocurrency ATMs.
How to store Ethereum
To store, send and receive ETH, you need a crypto wallet.
Private keys secure these digital wallets. The person who has the private key controls the contents of the wallet.
Ethereum wallets come in different formats. There are also hardware wallets that look like USB sticks. Others include software wallet apps on your smartphone, tablet, or computer. Your wallet may also become hot or cold. Hot wallets are convenient because they can be connected to the internet. Cold wallets are generally considered more secure because they are not connected to the internet.
Ethereum ETF
Investors now have options other than buying ETH directly. ethereum fund
Approved by the SEC in late 2023, Ethereum futures ETFs are relatively new. They don't invest directly. Rather, they hold futures contracts. Bitwise Ethereum Strategy ETF (AETH), VanEck Ethereum Strategy ETF (EFUT), and ProShares Ether Strategy ETF (EETH) are the three main Ethereum futures ETFs.
Ether Spot ETFs, which include iShares Ethereum Trust (ETHA), Fidelity Ethereum Fund (FETH), and Grayscale Ethereum Trust (ETHE), debuted in July 2024.
The approval of spot Bitcoin and Ether ETFs could signal a softening of the legal battle stance against some cryptocurrencies.
Frequently asked questions (FAQ)
Ethereum’s highest intraday price was $4,891.70, reached on November 16, 2021.
no. Ethereum mining is no longer necessary as the Ethereum network has been upgraded from a proof-of-work model to a proof-of-stake model. However, Ethereum investors can benefit from the proof-of-stake system by staking ETH.
