What is the price of Ethereum today?
Ethereum (1 ETH) price is trading at $2,440.91 as of 8 a.m. ET. The highest intraday price Ethereum reached 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 was launched in 2015 and is the most popular altcoin. Along with Bitcoin, it has become one of the most well-known forms of cryptocurrency.
Ethereum price history
This chart captures data as of 8 a.m. ET each day and does not display intraday highs or lows.
Ethereum reached a 52-week intraday high of $4,088.00 on March 12, 2024 and a 52-week intraday low of $1,520.00 on October 12, 2023.
The global market capitalization of major altcoins is $293.63 billion. ETH increased by 55% year-on-year.
Ethereum market capitalization
Ethereum's market capitalization is $293.63 billion, second only to Bitcoin. The same is true for some major blue-chip stocks. These include $297 billion for The Coca-Cola Company (KO) and $275 billion for Merck & Company (MRK).
ETH is a popular choice among crypto investors. Together with Bitcoin, they account for 70% of the virtual currency market.
What is Ethereum and how does it work?
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 $2,440.91.
Ethereum price and Bitcoin price
Since Ethereum was launched in 2015, Ethereum and Bitcoin have experienced significant growth.
With the launch of the Bitcoin Spot ETF, the difference in performance between the two has changed. Ethereum is up 55% year over year, while Bitcoin is up 126%.
How to buy Ethereum online
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 keep your Ethereum safe
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.
Investors considering cryptocurrencies should be aware that cryptocurrencies are highly volatile. When predicting future performance, discount it completely. Although we have seen rapid growth in recent years, there is no guarantee that this will continue.
