ETH Price Today | Live ETH Price Chart | ETH Price Index

The current price of ETH is $3,440.36, with a 24-hour price change of +10.52%. The current market capitalization of ETH is $414,615,773,048. The 24-hour trading volume is $47,627,517,775, and the circulating supply is 120 million. Ethereum (ETH) prices are updated in real-time.

Historical Changes in ETH Price

• 24-hour change: +10.52%
• 7-day change: -11.7%
• 14-day change: -14.09%
• 30-day change: +9.24%
• 200-day change: -8.66%
• 1-year change: +52.82%

Live Ethereum Price Chart

ETH Price Historical High and Low

• On November 10, 2021, ETH reached its all-time high of $4,878.26.
• On October 20, 2015, ETH hit its all-time low of $0.43.

Factors Influencing Ethereum (ETH) Price Volatility

Ethereum’s price volatility is influenced by various factors, including:

1. Market Demand and Supply

• Investor Interest: The interest and confidence of investors in Ethereum can affect its price. Higher buying demand can drive the price up, while higher selling demand can push it down.
• New Ether Issuance: The issuance of new Ether on the Ethereum network increases supply, which can impact the price.

2. Technological Development and Upgrades

• Network Upgrades: Implementations like Ethereum 2.0 (Eth2) and other protocol improvements can enhance network efficiency and security, boosting investor confidence and increasing prices.
• Smart Contracts and DApp Innovations: As a platform for smart contracts and decentralized applications (DApps), new innovations and developments can attract more developers and users, increasing demand.

3. Macroeconomic Factors

• Economic Environment: Global economic conditions, inflation rates, and interest rate changes can influence investor interest in cryptocurrencies.
• Government Policies and Regulations: Changes in cryptocurrency regulations in different countries can affect Ethereum’s price. For example, strict regulations may cause prices to drop, while lenient policies may push prices up.

4. Competition and Market Dynamics

• Other Cryptocurrencies: The performance and innovations of other blockchain platforms like Bitcoin, Cardano, and Polkadot can impact Ethereum’s market position.
• Market Sentiment and Emotion: Overall market sentiment and investor psychology can influence price volatility. Emotions like fear and greed can lead to significant market fluctuations.

5. Adoption and Usage

• DeFi and NFT: The popularity and usage of decentralized finance (DeFi) and non-fungible tokens (NFTs) increase transaction volume and demand on the Ethereum network, affecting its price.
• Enterprise Adoption: More companies and institutions adopting Ethereum technology and Ether as a payment method can increase demand and raise prices.

6. Exchanges and Liquidity

• Exchange Activity: The trading volume, user numbers, and liquidity on cryptocurrency exchanges can impact Ethereum’s price.
• Market Manipulation: Actions by large investors or “whales” to manipulate the market can cause significant price swings.

7. Global Events

• Black Swan Events: Unexpected global events like pandemics and wars can raise market risk aversion, influencing cryptocurrency market volatility.
• Technical Failures and Security Incidents: Technical failures or security breaches in the Ethereum network or major exchanges can directly impact prices.

8. Technical Analysis and Market Predictions

• Technical Analysis: Traders and investors making predictions and trading decisions based on technical analysis and market indicators can influence short-term price movements.
• Market Predictions and Media Coverage: Expert predictions and media reports can shape public opinion and investor decisions, affecting market prices.

By understanding these factors, investors and market participants can better comprehend the reasons behind Ethereum’s price fluctuations and make more informed investment decisions.

What is Ethereum?

Ethereum is an open-source blockchain platform with smart contract functionality, created by programmer Vitalik Buterin in 2015. Unlike Bitcoin, which primarily serves as a digital currency, Ethereum aims to run any program without censorship, downtime, or fraud through its decentralized platform. Here are some key features and components of Ethereum:

Smart Contracts

Smart contracts are one of Ethereum’s core features. These are self-executing contracts with terms directly written into code. They automatically execute when predefined conditions are met, reducing the need for intermediaries and increasing transaction transparency and efficiency.

Decentralized Applications (DApps)

Ethereum allows developers to create and deploy decentralized applications (DApps), which run on the blockchain and are characterized by decentralization and immutability. DApps can be applied in various fields, including finance, gaming, and social networking.

Ether (ETH)

Ethereum’s native cryptocurrency is called Ether (ETH). It is used to pay transaction fees (known as “Gas”) and serves as an incentive mechanism to encourage miners and validators to maintain network security and stability.

DeFi and NFTs

Ethereum is a leading platform for decentralized finance (DeFi) and non-fungible tokens (NFTs). DeFi applications include lending, exchanges, and stablecoins, while NFTs represent unique digital assets like artwork and collectibles.

Historical Events of Ethereum

• November 2013: The concept of Ethereum was first proposed by Vitalik Buterin. He published a white paper detailing the idea of a decentralized platform capable of executing smart contracts.
• January 2014: Vitalik Buterin formally announced Ethereum at the North American Bitcoin Conference.
• July-August 2014: Ethereum conducted its initial coin offering (ICO), raising over $18 million.
• July 30, 2015: Ethereum launched its first version, “Frontier,” a test version allowing developers and tech enthusiasts to start using the Ethereum network.
• November 2015: Ethereum underwent its first hard fork, named “Homestead.”
• March 14, 2016: The Ethereum network upgraded to the “Homestead” version, marking the transition from an experimental stage to formal operations.
• June 2016: The DAO (Decentralized Autonomous Organization) was hacked, resulting in the theft of 3.6 million ETH.
• July 20, 2016: To recover the stolen funds, Ethereum hard forked, splitting into Ethereum (ETH) and Ethereum Classic (ETC).
• May-June 2017: The ICO boom drove rapid increases in Ethereum’s price, with multiple projects conducting ICOs on the Ethereum platform and raising substantial funds.
• December 2017: Ethereum’s price surpassed $700 for the first time.
• January 2018: Ethereum’s price reached its all-time high, exceeding $1,400.
• February 28, 2019: Ethereum successfully completed the “Constantinople” and “St. Petersburg” hard fork upgrades, introducing several improvements and optimizations.
• December 1, 2020: Ethereum 2.0’s beacon chain officially went live, marking the first step towards the PoS transition.
• November 2021: Ethereum’s price reached a new all-time high, surpassing $4,800.
• September 15, 2022: Ethereum completed the “The Merge” upgrade, successfully transitioning from PoW to PoS consensus, a significant milestone in Ethereum 2.0.
• April 12, 2023: Ethereum completed the “Shapella” upgrade, including the Shanghai and Capella hard forks, further optimizing network performance and functionality.
• April 15, 2024: Ethereum spot ETF was first approved for listing by the Hong Kong Securities and Futures Commission.
• April 24, 2024: Ethereum spot ETF was first approved for listing by the U.S. SEC.

Frequently Asked Questions About Ethereum Prices

Learn More About Ethereum

Official Website: https://ethereum.org/

White Paper: https://ethereum.org/en/whitepaper/

Blockchain Explorer: https://etherscan.io/

Source Code: https://github.com/ethereum/ethereum-org-website