The current Ethereum price (ETH) is 1,325.46 €, up 2.24% within the past 24 hours. Within the past year, the Ethereum price is up by 544.97% .
There are currently 114.9 million Ethereum with a total valuation of 152.3 billion euros in circulation.
By contrast to stock on regular exchanges, Ethereum is traded around the clock. Therefore, # it is important to stay vigilant to not miss a good buying or selling opportunity. our price alert helps you with that.
On Cryptoradar you can compare cryptocurrency marketplaces, which you can use to buy Ethereum.
Popular Ethereum Exchanges
Check Ethereum prices of the most popular Ethereum exchanges.
What is Ethereum?
Ethereum is a decentralized blockchain platform and currently the second largest cryptocurrency by market capitalization. Ethereum differs significantly from Bitcoin as it is not intended as a decentralized currency, but as a virtual computing platform.
Ethereum expands the blockchain concept introduced by Bitcoin to include automated actions using so-called smart contracts, which are executed on the Ethereum platform. These scripts are intended to make Ethereum the basis for blockchain-based applications. Ethereum's token is called ether and can be transferred between accounts and used to pay for computing resources.
How is the price of Ethereum determined?
Like other cryptocurrencies, Ethereum is traded on so-called crypto exchanges. The Ethereum price is is a market price formed from supply and demand. This means that the current price always indicates the price at which an equal number of people want to buy (= demand) and sell (= supply). The Ethereum price rises when the demand increases or the supply is reduced. Conversely, the price falls when supply rises or demand falls.
Crypto exchanges basically operate on the same principle as exchanges for the stock or foreign exchange market. One big difference, however, is that cryptocurrencies are traded around the clock and also on weekends. This means that the Ethereum price can rise or fall on the weekend.
A special feature of Ethereum is that it acts as a reserve currency for applications and smart contracts that are based on the Ethereum platform (so-called ERC-20 tokens). As a result, demand for Ethereum can increase suddenly and significantly. For example, if a promising new cryptocurrency is published on the Ethereum platform in the form of an Initial Coin Offering (ICO), this can lead to a significant increase in the Ethereum price.
Historic Ethereum Price Development
Cryptocurrencies represent a completely new asset class and are therefore very volatile. This also illustrates the historical development of the Ethereum price.
After it was released in 2015, Ethereum initially traded in the single-digit dollar range for a very long time until it went into a strong bull market in January 2017. Within less than half a year, the Ethereum price quadrupled from just over $8 to just under $400 in June 2017. After the Ethereum price leveled off at around $300 until about October 2017, the price quadrupled by January 2018 to its all-time high of $1,448.
As a result of the cryptocurrency market crash in January 2018, the Ethereum price collapsed by around 94% and dropped to a low of around $88. Since then, the price has recovered to around $400.
Ethereum Price Forecast
Various methods can be used to value financial assets. We would like to briefly discuss the two of the most important methods, fundamental analysis and technical analysis.
The aim of fundamental analysis is to determine the intrinsic value of a financial asset in order to determine a fair price. Fundamental analysis makes use of a wide variety of economic and market data. This data is often referred to as fundamentals.
In the case of Ethereum, such fundamentals could be, for example, collaborations with large companies, increased use of the Ethereum platform and smart contracts or numerous new Ethereum-based blockchain projects or ICOs.
The aim of technical analysis, on the other hand, is to predict the future price of an underlying asset based solely on its historical development. Technical analysis uses generally accessible data on price history and trading volume.
However, technical analysis does neither offer an exact prediction of future prices. It is much more about determining the probabilities for the future development of the price of an asset in order to forecast favorable times to buy and sell.
An exceptional Tool for technical analysis is TradingView.