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1 ETH = 2,282.35 USD
Last updated 2023-12-06 05:14:07(UTC-0)

Ethereum price live data summary

The live price of Ethereum is $2,282.35 per (ETH / USD) today with a current market cap of $274.40B USD. The 24-hour trading volume is $16.31B USD. ETH to USD price is updated in real time. Ethereum is +2.37% in the last 24 hours. It has a circulating supply of 120,226,650 .

What is the highest price of ETH?

ETH has an all-time high (ATH) of $4,891.7, recorded on 2021-11-16.

What is the lowest price of ETH?

ETH has an all-time low (ATL) of $0.4209, recorded on 2015-10-21.

When is a good time to buy ETH? Should I buy or sell now?

When deciding whether to buy or sell ETH, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget ETH technical analysis can provide you with a reference for trading.
According to the ETH 4h technical analysis, the trading signal is Strong buy.
According to the ETH 1d technical analysis, the trading signal is Strong buy.
According to the ETH 1w technical analysis, the trading signal is Strong buy.

Ethereum price performance in USD

24h7d30d90d1yAll-time
+2.37%+10.95%+21.13%+39.29%+80.88%+80528.27%

Ethereum price history in USD

TimeLowHigh
24h$2,191.18$2,310.71
7d$2,020.76$2,310.71
30d$1,852.79$2,310.71
90d$1,523.24$2,310.71
1y$1,160.38$2,310.71
All-time$0.4209(2015-10-21, 8 years ago )$4,891.7(2021-11-16, 2 years ago )

Ethereum market information

Market capCombinedShapeIcon
$274,399,094,413.33
+2.37%
Fully diluted market capCombinedShapeIcon
$274,399,094,413.33
+2.37%
Volume (24h)CombinedShapeIcon
$16,307,128,536.09
+8.10%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+99.00%
24h volume / market capCombinedShapeIcon
0.0594
Circulating supplyCombinedShapeIcon
120,226,650 ETH
Total supply / Max supplyCombinedShapeIcon
120,226,648.32 ETH
-- ETH
ICO price
$0.3110 ICO details
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Ethereum ratings

Average ratings from the community
5
100 ratings
This content is for informational purposes only.

Ethereum Social Data

In the last 24 hours, the social media sentiment score for Ethereum was 0, and the social media sentiment towards Ethereum price trend was Bearish. The overall Ethereum social media score was 107,940,958, which ranks 2 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 940,779 times, with Ethereum being mentioned with a frequency ratio of 19.98%, ranking 2 among all cryptocurrencies.

In the last 24 hours, there were a total of 5,538 unique users discussing Ethereum, with a total of Ethereum mentions of 187,928. However, compared to the previous 24-hour period, the number of unique users increase by 26%, and the total number of mentions has increase by 13%.

On Twitter, there were a total of 5208 tweets mentioning Ethereum in the last 24 hours. Among them, 32% are bullish on Ethereum, 7% are bearish on Ethereum, and 62% are neutral on Ethereum.

On Reddit, there were 0 posts mentioning Ethereum in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Ethereum. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
107.94M(#2)
Social contributors(24h)
5.54K
+26%
Social mentions(24h)
187.93K(#2)
+13%
Social dominance(24h)
19.98%
Twitter
Tweets(24h)
5.21K
+17%
Twitter sentiment(24h)
Bullish
32%
Neutral
62%
Bearish
7%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Ethereum

This information is from the internet and is not for use as investment advice. If you see any problems, kindly provide your feedback.

What Is Ethereum?

Ethereum is an open-source blockchain platform that serves as a decentralized, global network. Originated by Russian-Canadian programmer Vitalik Buterin in 2013, it officially went live on July 30, 2015. Rapidly ascending the ranks of blockchain technology, Ethereum now stands as the second-largest blockchain ecosystem, following behind only Bitcoin in terms of market capitalization.

Distinct from Bitcoin, which was primarily developed as a digital currency, Ethereum aims to be a more versatile platform. It enables the development and deployment of smart contracts and decentralized applications (dApps). In this environment, contractual terms are seamlessly integrated into the blockchain's code, ensuring transparent, tamper-proof, and automated transactions.

By being a catalyst for smart contracts and dApps, Ethereum has expanded the utility of blockchain technology, moving beyond just financial transactions. This makes it a key player in the ever-evolving landscape of decentralized finance (DeFi), non-fungible tokens (NFTs), and various other blockchain-based applications.

Resources

Whitepaper: https://ethereum.org/en/whitepaper/

Official website: https://ethereum.org/en/

How Does Ethereum Work?

Ethereum's Architecture

The Ethereum blockchain consists of numerous nodes, each storing a copy of the entire blockchain. A node is essentially a computer that participates in the Ethereum network by maintaining an up-to-date record of all transactions. Each block in this chain contains a list of transactions, a complex mathematical puzzle, and the solution to the preceding block's puzzle, culminating in an interconnected chain known as the blockchain.

Smart Contracts:

Central to Ethereum's innovative capabilities are smart contracts—self-executing lines of code that trigger once specific predefined conditions are met. Serving as the cornerstone of decentralized applications (dApps), smart contracts eliminate the need for intermediaries. Imagine a smart contract as an automated vending machine; insert the right amount of money, make your selection, and the item is dispensed without any human intervention.

Ethereum Virtual Machine (EVM)

The Ethereum Virtual Machine (EVM) is another pivotal component of the Ethereum ecosystem. Functioning as a decentralized, global computer, the EVM executes smart contracts penned in Solidity, Ethereum's native programming language. Every node in the network runs its own instance of the EVM, collectively executing smart contracts upon being initiated by a transaction. The EVM executes these smart contracts in an isolated environment, ensuring robust security measures.

Gas and Ether

Every operation on Ethereum, whether it’s executing a transaction or a smart contract, consumes computational resources. To fairly distribute these resources across the network, Ethereum employs the concept of "gas"—a unit that quantifies the computational effort needed for different operations. Gas is paid for in Ether, Ethereum’s native cryptocurrency. Users initiate transactions by specifying both a gas limit and a gas price—the maximum amount of gas they're willing to use and the Ether they’re willing to pay per unit of gas, respectively. The total transaction fee in Ether is calculated as the product of the gas consumed and the gas price. This serves to remunerate miners for validating transactions and safeguards the network against spam.

Proof-of-Stake (PoS) Under Ethereum 2.0

Transitioning from its initial Proof-of-Work (PoW) consensus mechanism, Ethereum has adopted a Proof-of-Stake (PoS) model in its Ethereum 2.0 upgrade. In this model, validators are chosen to create new blocks based on the quantity of Ether they possess and are willing to "stake" as collateral. To qualify as a validator, one must stake 32 ETH into Ethereum's official deposit contract. Those who validate transactions successfully earn additional Ether as rewards. Conversely, those acting maliciously or inefficiently may find their staked Ether slashed or partially confiscated. The PoS model amplifies the network’s speed, security, and scalability while being more energy-efficient.

What Is Ether Token (ETH)?

Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, envisioned as the digital fuel powering the network's various functions. It serves multiple purposes within the Ethereum ecosystem, including facilitating the execution of smart contracts and decentralized applications (DApps), acting as a store of value, and enabling peer-to-peer transactions. Notably, Ether is readily traded across various cryptocurrency exchanges, including Bitget.

In the Ethereum network, all operations necessitate computational resources. When an individual initiates a transaction or triggers a smart contract, they incur a fee in Ether, commonly known as "gas." This gas fee is essential for compensating the computational power contributed by the network's nodes, thereby ensuring smooth operation and guarding against misuse or spam.

What is Ethereum 2.0?

Ethereum 2.0 is the transformative upgrade to the original Ethereum network, engineered to augment scalability, bolster security, and enhance energy efficiency. A pivotal change in Ethereum 2.0 is its transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. This shift significantly curtails the network's energy consumption while bolstering its resilience against various types of attacks.

A fundamental feature of Ethereum 2.0 is "sharding," a technique where the Ethereum blockchain is partitioned into smaller, more manageable segments known as "shards." Unlike in Ethereum 1.0, where every transaction had to be verified across the entire network, these shards can autonomously process transactions and execute smart contracts. This architectural adjustment dramatically accelerates transaction throughput, resulting in a more nimble and efficient network.

Additionally, Ethereum 2.0 introduces eWASM, intended to replace the Ethereum Virtual Machine (EVM). eWASM allows for more efficient and speedy code execution. The upgrade also incorporates crosslinks for streamlined management of shard chains.

What determines Ethereum's price?

Understanding the factors that influence the latest Ethereum prices is crucial for both investors and traders, especially in the volatile cryptocurrency market. One of the primary factors in Ethereum price prediction is market demand, which can be influenced by its growing use cases, increased adoption, and rising interest from institutional investors. Regulatory changes also play a significant role; favorable regulations can boost adoption and price, while restrictive policies can have the opposite effect. Technological advancements, such as the transition from Ethereum 1.0 to Ethereum 2.0, can also impact the price by enhancing its scalability, security, and efficiency. Macroeconomic events like financial crises or political instability can further cause price fluctuations.

Ethereum's ecosystem has been enriched by the rise of Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), both of which are predominantly built on the Ethereum blockchain. The DeFi explosion has led to an extensive use of the Ethereum network, as many DeFi tokens are Ethereum-based, and their users pay Ethereum gas fees. Similarly, the NFT market, which tripled in value in 2020, has added another layer of demand for Ether, the native token of the Ethereum network. These trends contribute to the supply and demand dynamics, thereby affecting Ethereum's price.

Various techniques can be employed for real-time Ethereum price analysis, including fundamental, technical analysis, and sentiment analysis. Fundamental analysis evaluates Ethereum's intrinsic value by examining its underlying technology, development progress, and real-world use cases. Technical analysis uses historical price data and indicators like moving averages, support and resistance levels, and Fibonacci retracements to identify patterns and potential price movements. Sentiment analysis gauges the mood of market participants, often through social media and news sources, to predict short-term price changes.

How can I buy Ether?

Acquiring Ether (ETH)—the native cryptocurrency fueling the Ethereum network—is a straightforward process, accessible through various avenues. One of the most convenient methods is to purchase Ether on reputable cryptocurrency exchanges like Bitget. On such platforms, you can either buy Ether with fiat currency or exchange it for other cryptocurrencies.

But buying isn't your only option to accumulate Ether. You can also delve into mining or staking to earn ETH. Mining entails leveraging computational power to solve intricate mathematical equations, which in turn validates transactions on the Ethereum network. Successful miners are rewarded with Ether for their efforts. On the other hand, staking allows you to lock a certain quantity of your Ether as collateral. In return, you get to participate in the network's transaction validation process, thereby earning additional Ether as rewards. Both these methods offer active contributors the opportunity to bolster the network's functionality and security, while simultaneously increasing their own Ether holdings.

Conclusion

Ethereum stands as a groundbreaking decentralized platform that empowers developers to construct decentralized applications (dApps) with far-reaching implications across multiple sectors. With the impending launch of Ethereum 2.0, the network aims to elevate its scalability, security, and sustainability. This makes Ethereum not just an innovation hub but also an enticing investment landscape for those keen on being part of blockchain technology's promising future.

Related Articles about Ethereum

What is Ethereum? Why is it the second biggest Blockchain after the Bitcoin Network?

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Ethereum Shanghai Upgrade Explained

The Shanghai Upgrade - Beyond the Sea of New Opportunities for Ethereum Users

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How to buy Ethereum (ETH)

Buying Ethereum on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Ethereum (ETH) .

Trade ETH perpetual futures

After having successfully signed up on Bitget and purchased USDT or ETH tokens, you can start trading derivatives, including ETH futures and margin trading to increase your income.

The current price of ETH is $2,282.35, with a 24h price change of +2.37%. Traders can profit by either going long or short onETH futures.

Join ETH copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or ETH tokens, you can also start copy trading by following elite traders.

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People are also inquiring about the price of Ethereum.

What is the current price of Ethereum?

We update our Ethereum to USD price in real time. Get the live Price of Ethereum on Bitget.

What is the 24 hour trading volume of Ethereum?

Over the last 24 hours, the trading volume of Ethereum is $16.31B.

What is the all-time high of Ethereum?

The all-time high of Ethereum is $4,891.7. This all-time high is highest price for Ethereum since it was launched.

Can I buy Ethereum on Bitget?

Yes, Ethereum is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Ethereum guide.

Can I get a steady income from investing in Ethereum?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Ethereum with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Who founded Ethereum?

Ethereum was founded by Vitalik Buterin and its development was announced in late 2013, with the network going live on July 30, 2015.

How Many Ether (ETH) Tokens Are In Circulation?

Back in 2015, the first block mined approximately 72 million ETH tokens - which were utilized in the crowd sale. Unlike the maximum cap of 21 million of Bitcoin (BTC), Ether has no limits on its total amount, meaning there is an infinite Ether (ETH) token left to mine. Currently, the total ETH in circulation has exceeded 120 million.

What factors influence the price of Ethereum?

The price of Ethereum, akin to other cryptocurrencies, is influenced by: - Supply and Demand: Its price reflects the equilibrium between its supply and demand. Ethereum has no fixed supply limit unlike Bitcoin's 21 million. Various elements such as investor sentiment and tech advancements drive demand. - Technological Developments: Ongoing enhancements like the transition to Ethereum 2.0 can sway its price. These updates can modify the network's speed, safety, and capacity, which can affect demand and investor sentiment. - Regulatory News and Macro Events: Global regulatory stances on cryptocurrency can have direct implications on Ethereum's price. Positive regulations or acceptance can lead to an increase in price, while crackdowns or stringent regulations can lead to a decrease. Moreover, broader macroeconomic factors, such as financial crises or the performance of other asset classes, can also influence investor sentiment toward Ethereum. - Market Speculation: As with many cryptocurrencies, speculative trading plays a significant role in price determination. For instance, during the bull run of late 2017 and early 2018, Ethereum reached over $1,400, only to experience a sharp decline in the subsequent months, demonstrating the influence of speculative behavior.

Can Ethereum's price reach US$10,000?

Ethereum has experienced significant growth and development, leading some experts to believe it could surpass Bitcoin in the future. The US$10,000 price target for Ethereum is influenced by factors such as restoring investor trust and the cryptocurrency's ongoing blockchain upgrades, including the shift to proof-of-stake. However, Ethereum faces competition from emerging networks like Cardano and Solana. Despite challenges, Ethereum's vast network of dApps, DeFi protocols, and NFT support positions it strongly in the market. While the potential for Ethereum to reach US$10,000 exists, its trajectory depends on market dynamics, technological advancements, and regulatory factors.

What's the difference between Ethereum's market price and its intrinsic value?

Ethereum's market price is its current trading price on exchanges, reflecting immediate supply and demand. In contrast, intrinsic value is a conceptual estimate of Ethereum's worth based on its potential applications and acceptance. While market price can fluctuate swiftly, intrinsic value offers a long-term valuation.

What is the average transaction fee on the Ethereum network?

Ethereum transaction fees, or "gas fees," were quite volatile and could vary widely based on network demand. The cost of a transaction is determined by two factors: the gas price (measured in Gwei, or billionths of Ether) and the amount of gas needed for the transaction. Typically, simple Ether transfers use 21,000 gas, while more complex smart contract interactions can require much more gas. As of August 2023, the average transaction fee on Ethereum is around US$5.3
Cryptocurrency investments, including buying Ethereum online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Ethereum, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Ethereum purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

Ethereum technical analysis

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