Ethereum Price ETH

$3,479.80

-1.99%

Buy Now

Price Information

1 Year Change

7.39%

All Time High

$4,946.23 -29.63%

Volume 24h

31.1 B $ 1.66%

Market Cap

419.1 B $ -1.99%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About Ethereum

ETH Price Pulse: What’s Moving It?

Ethereum (ETH) is currently priced at $3,510.75, reflecting a slight 24-hour decline of 0.57%. Despite this marginal drop, Ethereum remains a dominant player in the cryptocurrency market with a market capitalization of approximately $422.79 billion. Various factors influence ETH’s price fluctuations, including market sentiment, adoption rates, regulatory news, and technological upgrades. Investor confidence can be affected by broader market trends, including Bitcoin’s performance, macroeconomic events, and the state of decentralized finance (DeFi) and non-fungible tokens (NFTs) that primarily operate on the Ethereum network.

ETH Price Catalysts: Bull Case & Bear Case

Bull Case: Ethereum’s bullish outlook is often driven by its continuous network upgrades, such as the transition to Ethereum 2.0, which aims to improve scalability, security, and energy efficiency through a shift from proof-of-work to proof-of-stake consensus. This upgrade is expected to attract more developers and users, boosting demand for ETH. Additionally, the expanding ecosystem of decentralized applications (dApps), DeFi protocols, and NFTs built on Ethereum supports long-term value appreciation. Increased institutional adoption and integration with traditional finance may also push prices higher.

Bear Case: On the other hand, Ethereum faces challenges that could put downward pressure on its price. Network congestion and high gas fees have been recurring issues, potentially driving users to competing smart contract platforms with lower costs. Regulatory scrutiny is another significant risk, as crackdowns on cryptocurrencies or DeFi applications could negatively impact investor sentiment. Moreover, delays or setbacks in the Ethereum 2.0 upgrade might cause uncertainty and price volatility. Lastly, macroeconomic factors such as interest rate hikes or a broader market downturn could reduce risk appetite, leading to selling pressure on ETH.

Frequently asked questions

Why is Ethereum going down right now?

Ethereum’s current slight decline of 0.57% is likely due to a combination of market adjustments, investor profit-taking, and external factors such as changes in broader financial markets or temporary technical issues on the network. Small fluctuations are common as traders respond to news and market sentiment.

What factors could make Ethereum’s price rise?

Positive factors include successful Ethereum 2.0 upgrades, increasing adoption of Ethereum-based applications, growing institutional interest, and favorable regulatory developments that support cryptocurrency innovation.

What risks should investors watch for with Ethereum?

Investors should be cautious of high network fees, possible project delays, competition from other blockchain platforms, regulatory changes, and overall market volatility that can affect Ethereum’s price.

How does Ethereum’s market cap compare to other cryptocurrencies?

With a market cap of around $422.79 billion, Ethereum is the second-largest cryptocurrency after Bitcoin. This large market cap reflects its significant role in the blockchain ecosystem and substantial investor interest.

Is Ethereum a good investment for retail investors?

Ethereum can be a good investment due to its widespread use and potential for network improvements. However, like all cryptocurrencies, it carries risks and high volatility, so investors should assess their risk tolerance and do thorough research before investing.

How do Ethereum upgrades impact its price?

Upgrades such as Ethereum 2.0 aim to improve network efficiency and scalability, making the platform more attractive to developers and users. Positive progress on upgrades often boosts investor confidence and can drive the price upward.

Popular Ethereum Exchanges

View All

Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.

Rating:

3.9

Reviews:

eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

Rating:

3.2

Reviews:

Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

Figure Markets is a new crypto trading platform where users fully control their own funds, with low trading fees and up to 8% interest on stablecoins.

Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Cryptomus offers a secure, user-friendly platform for buying, selling, and managing crypto, with P2P trading, staking (up to 20% APR), and mobile access for seamless transactions.

Rating:

4.9

Reviews:

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

Rating:

2.9

Reviews:

WhiteBIT is a centralized crypto exchange offering spot, margin trading & staking, with a strong focus on security & compliance. It was founded in 2018 and is registered in Lithuania, although it operates globally.

Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

Reviews:

Wirex is a digital payments platform that bridges crypto and traditional finance, letting users buy, hold, and spend both fiat and digital currencies with a single card.