Ethereum price

Do you want to know what the Ethereum price is right now? On this page, you will find Ethereum’s real-time price and other useful information about Ethereum. Although the euro is used in Europe, Ethereum’s price is usually shown in dollars. The same applies to other cryptocurrencies. You can see the exchange rate in both dollars and euros below.

Ethereum real-time price in USD & EUR

 

 

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Ethereum price in 201-2021

It might be hard to believe that at the beginning of 2017 the market price of an ETH token was still below $10! Ethereum was a well-known cryptocurrency at the time, but it had not gained wider popularity as a smart contract platform and Dapp platform. The 2017 ICO boom changed everything. The rate of Ethereum started to skyrocket wildly in March 2017. It quickly rose to around $100 and all the way to $400 in June 2017.

The rise of Ethereum was driven by the vast ICO market, in which investments were made mainly in Ether, which is the currency of Ethereum (abbreviation: ETH). Basically, we should talk about the Ether price, but it is still Ethereum instead of Ether in spoken language.

In the summer of 2017, there was even talk about ”The Flippening” when the wildest theories claimed that Ethereum’s market share would reach Bitcoin’s share. At the time, Bitcoin’s price was only about $1,200, meaning the BTC: ETH ratio was 3:1. At the beginning of 2017, it had been a little over 100:1, and in May 2020 the ratio was about 40:1.

Ethereum price graph

The picture above shows the price history of Ethereum as of January 1, 2017. The achieved ATH (All-Time High) in that bull-run was $1431.88, though it may be a little more or less depending on the stock market in question. This was achieved in early January 2018, which was the culmination point of the altcoin boom that began in late 2017. By the end of January 2018, the market had already collapsed by tens of percent.

For the past two years, the price has been fluctuating between $100 and $300. The highest quote since the 2017/2018 rally was seen at the peak of the crypto rally caused by Facebook Libra in the summer of 2019. At that time, the Ethereum price momentarily exceeded the $300 limit. This milestone was also approached in February 2020 until the collapse caused by the coronavirus crashed all prices.

At the end of 2020, a new boom began in the cryptocurrency world, led by Bitcoin. Ethereum’s value began to rise like a rocket, and by the time it came to 2021, Ethereum’s percentage growth was much faster than bitcoins. Within a few months, the value of Ethereum increased by thousands of percent.

Ethereum’s all-time ATH value was reached in early May 2021, when the value of the currency reached nearly $4,400. Thereafter, there was an overall collapse in the cryptocurrency market, which also resulted in half of Ethereum’s price falling out. The price of Ethereum in summer 2021 has remained very stable at around $2,200.

Basic information about Ethereum

Ethereum is the most famous cryptocurrency in the world after Bitcoin. Its history dates back to 2013 when a Russian programmer Vitalik Buterin wrote Ethereum’s white paper. Buterin was backed up by many crypto scene professionals who helped the project raise crowdfunding in the summer of 2014. Ethereum’s genesis block, the first block in the blockchain, was mined on July 20, 2015.

The general view is that Ethereum started the second generation of cryptocurrencies. Bitcoin was, of course, the first-generation cryptocurrency, as were Litecoin and many other coins launched in early 2010. Ethereum arose from the need to create a programming language and additional functionality for Bitcoin. As the king of bit money did not develop in the desired direction, a whole new cryptocurrency was born.

Ethereum is the best-known platform on the market for smart contracts and decentralized applications (Dapp). It is called a platform, ecosystem, or operating system, and you can think of Ethereum to be like iOS or Android. It provides a framework for application developers to create applications. There are also thousands of tokens on the market that have been created using the Ethereum platform. Of course, the Ethereum price is not related to these, but instead, each token is priced in the market separately.

So, anyone can create their own cryptocurrency (called a token) in the blockchain of Ethereum. All such tokens use Ethereum’s ERC20 standard, which is by far the best known on the market. Many of the major cryptocurrencies, such as Tron, EOS, VeChain, and ICON, have emerged through an ICO held on the Ethereum platform. When the project’s own blockchain was completed, a token swap was performed, causing the tokens to be taken out of the Ethereum blockchain.

Ethereum has maintained its position among the top three cryptocurrencies in the last years. This situation is unlikely to change in the future, as Ethereum has such a strong foothold in its own genre. It is essential to compare Ethereum with other projects in the platform category. Such are e.g., EOS, Tron, and Tezos. If the Ethereum course raises doubts, check out the competition and compare their development in recent years.

Currently, Ethereum is still technically behind its closest competitors. That is because Ethereum still uses (like Bitcoin) the Proof of Work consensus algorithm. This PoW consensus requires physical mining equipment to operate. They do not allow access to thousands of transactions per second, which is a requirement for the 3rd generation platforms.

ethereum mining rig

The image shows a ‘rig’ built from graphics cards that are used to mine Ethereum.

However, Ethereum is constantly evolving. The aim is Ethereum 2.0, which will be gradually introduced between 2020 and 2022. Ethereum 2.0 brings along, e.g., Sharding and the Proof of Stake consensus. With these, Ethereum will move from physical mining to staking, and Sharding also enables blockchain scalability to a sufficient level.

It is obvious that the Ethereum rate is linked to the success of Ethereum 2.0. This is a project that has been going on for a couple of years, and it will finally bring Ethereum technically to the level of its competitors. Other features of the project are already there. Most of the crypto world application developers favor Ethereum and the interest of the platform category lies in Ethereum in particular. Something also tells the fact that the market value of Ethereum is higher than the value of all other platforms combined.

If you want to know more about Ethereum, check out this detailed Ethereum guide.

Image by Лечение Наркомании from Pixabay

What is Ethereum?

Ethereum is the market-leading operating system for smart contracts and decentralized applications (dapp). Corresponding cryptocurrencies are also called platforms or ecosystems. Read more from this Ethereum guide.

How is the Ethereum price formed?

Ethereum is traded at a certain price on each cryptocurrency exchange. The official price is formed as a weighted average of the prices of all exchanges. The bigger the exchange, the greater it has on the price. You can find the official price of Ethereum from this page.

Why does Ethereum’s price fluctuate so much?

Prices of all cryptocurrencies move up and down much faster than traditional investment instruments. That is because cryptocurrencies are still a tiny market where a single player can move prices very quickly.

What is Ethereum ATH?

ATH comes from the words All-Time High, and it means the highest price in history. Ethereum’s highest price is $ 4,356, which was reached on May 12, 2021.

What is the difference between Ether and Ethereum?

Ether is the native currency of the Ethereum platform. Ethereum is the whole ecosystem, blockchain, or project. Ether is a cryptocurrency abbreviated as ETH. In practice, it is still common to say, “I bought Ethereum” instead of “I bought Ether,” which, to be exact, would be correct.

What is the difference between Ethereum and Ethereum Classic?

The blockchain of Ethereum was split in 2016 due to The DAO hacking incident. Just like Bitcoin, that was split into Bitcoin vs. Bitcoin Cash blockchains in August 2017. Ethereum Classic is the original branch, and Ethereum is a branch of the blockchain separated from it. These are two separate projects.

Where can I buy Ethereum?

You can easily buy Ethereum from all the most popular exchanges. See this ranking list for the best options.

Is Ethereum a good investment right now?

It is impossible to give a complete answer to this. If you need to ask about this from someone else, you probably haven’t done your homework properly yet. Get to know the basics and especially the development of Ethereum 2.0. A good rule of thumb is to compare the price to its 200-day moving average. If Ethereum’s current price is below that, then it’s probably a good time to buy.