Frequently asked questions
It is perfectly normal for the Ethereum price to fluctuate. Market conditions are constantly changing, as is the case with all goods and assets traded on exchanges. Even wholesale prices of timber or barley fluctuate depending on the supply and demand on commidity exchanges.
Ethereum is based around a global network of smart contracts and dapps. It uses blockchain technology to create dapps which help users make agreements and conduct trade. This enables transactions, but without a central authority like a bank or notary in place.
Ethereum (ETH) is a digital currency and a system that enables the creation, management, and execution of decentralized programs (DApps) through the use of blockchain. Read our guide on Ethereum to learn more about it.
Ethereum 2.0 is an upgrade to the already-existing Ethereum blockchain, which introduced a number of enhancements to the network. These changes increase the speed and efficiency of processing, ultimately scaling the number of transactions able to be carried out on the network.
The Ethereum price is a market price that is made up of supply and demand. If more people want to buy Ethereum than sell it, the price will increase. Supply and demand depend on a variety of factors, from technological developments to global political events.
Ethereum's price is a market price, defined by the exchanges based on supply and demand. Supply and demand are thereby strongly correlated to the interest and use of the cryptocurrency. For instance, as more and more people buy NFTs on the Ethereum blockchain, demand for the ether, the currency of the Ethereum blockchain, rises.
It is perfectly normal for the Ethereum price to fluctuate. The price is influenced by supply and demand, as is the case with all goods and assets traded on exchanges. Even wholesale prices of timber of barley fluctuate depending on the supply and demand on commidity exchanges.
Getting started with crypto can be hard. Our detailed price comparisons and cryptocurrency guides have you covered.