Ethereum, often regarded as the cornerstone of decentralized applications and smart contracts, continues to be a focal point for investors and enthusiasts. This article provides a detailed overview of Ethereum's current market performance, historical trends, and essential information for potential investors.
Ethereum Current Market Overview
As of the latest data, Ethereum is trading at approximately $1,575.56. The 24-hour trading volume stands at around $50.37 billion. Over the past day, the price has decreased by about 0.99%. Ethereum holds the second position in market capitalization rankings, with a real-time market value of $189.531 billion. The circulating supply is 121 million ETH, with a maximum supply also capped at 121 million ETH.
Key Market Metrics
- 24-Hour High: $1,602.12
- 24-Hour Low: $1,588.27
- All-Time High: $4,881.74
- All-Time Low: $0.420897
- 24-Hour Trading Volume: 251.8 million ETH
- 24-Hour Turnover Rate: 1.03%
- Market Cap Dominance: 18.35%
Ethereum Price Performance Over Time
Understanding Ethereum's price movements across different time frames offers valuable insights into its market behavior:
| Time Frame | Price Change | Percentage Change |
|---|---|---|
| Today | -$16.43 | -1.03% |
| 7 Days | -$54.70 | -3.35% |
| 30 Days | -$79.41 | -4.80% |
| 3 Months | -$277.91 | -15.00% |
Historical Price Analysis of Ethereum
2015–2016: The Initial Surge
Ethereum launched its Initial Coin Offering (ICO) in August 2015. During this period, Ether tokens were sold at an initial price of around $0.31. Over the following months, the price gradually increased, reaching a peak of approximately $16.34 by early 2016.
2017: Rapid Growth and Expansion
The year 2017 marked a significant upturn for Ethereum. Starting at about $10 at the beginning of the year, the price soared to an all-time high of nearly $1,389 by December. This growth was fueled by increasing adoption of smart contracts and decentralized applications (dApps) across various industries.
2018–2019: Market Volatility and Correction
Following the 2017 peak, Ethereum experienced considerable market volatility. The cryptocurrency market crash in early 2018 led to a sharp decline, with prices dropping to as low as $83. Although there was a moderate recovery in 2019, with prices climbing to around $364, it did not reach previous highs.
2020–2021: Steady Recovery and New Highs
Ethereum began a steady recovery in 2020, breaking the $300 barrier and approaching $400. The momentum continued into 2021, with prices surpassing $2,000 and $3,000, eventually reaching an impressive $4,000.
Frequently Asked Questions
What is Ethereum (ETH)?
Ethereum is a Layer 1 blockchain that supports smart contracts and decentralized applications. It operates as a fully decentralized public ledger where users can store digital assets like cryptocurrencies and NFTs.
How can I buy Ethereum (ETH)?
You can purchase ETH through various reputable cryptocurrency exchanges. These platforms often support trading pairs like ETH/USDT or ETH/USDC. Some also allow direct purchases using fiat currency. Before trading, ensure you create an account and verify your identity as required.
What is the best way to store Ethereum (ETH) tokens?
It is advisable to use a secure wallet, either hardware or software-based, that supports ETH. Many exchanges offer built-in wallets, but for enhanced security, consider transferring your assets to a private wallet where you control the private keys.
Is Ethereum (ETH) a good investment?
Like all cryptocurrencies, ETH is subject to high volatility and market risks. Potential investors should conduct thorough research, evaluate their risk tolerance, and consider consulting financial experts before investing. Only invest funds you are willing to lose.
What is the total supply of Ethereum (ETH)?
The current circulating supply of ETH is approximately 122 million tokens. The maximum supply is also limited to 122 million.
How does Ethereum compare to other cryptocurrencies?
Ethereum is distinct for its smart contract functionality and extensive dApp ecosystem. While Bitcoin remains the leading store of value, Ethereum is widely recognized for its utility and innovation in decentralized finance (DeFi).
For those looking to explore real-time trading tools or deepen their understanding of market strategies, many platforms offer advanced charting and analytical resources.
Conclusion
Ethereum remains a dominant force in the blockchain space, driven by its robust technology and widespread adoption. While its price is subject to market fluctuations, its long-term potential continues to attract interest from developers and investors alike. Staying informed through reliable sources and utilizing updated market data is crucial for navigating the dynamic cryptocurrency landscape.