Current Ethereum Market Overview
Ethereum (ETH) remains a cornerstone of the cryptocurrency market, consistently holding its position as the second-largest digital asset by market capitalization. At its core, Ethereum is more than just a cryptocurrency; it's a decentralized platform that enables smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference from a third party.
The current market data provides a real-time snapshot of Ethereum's performance:
- Price: €2,162.24
- 24-Hour Price Change: -1.94%
- 7-Day Price Change: +5.04%
- Market Capitalization: €253,431,233,551.66
- 24-Hour Trading Volume: €11,866,384,795.95
This data reflects the dynamic and volatile nature of the crypto market, where prices can fluctuate significantly based on global demand, investor sentiment, and broader economic factors.
Understanding Ethereum's Value and Conversions
The value of 1 ETH is currently €2,162.24. This means that to acquire 5 ETH, you would need approximately €10,811.20. Conversely, a smaller investment of €50.00 would allow you to purchase about 0.023 ETH.
Converting ETH to Euros (EUR)
- 0.5 ETH ≈ €1,081.12
- 1 ETH ≈ €2,162.24
- 2 ETH ≈ €4,324.48
- 5 ETH ≈ €10,811.20
- 10 ETH ≈ €21,622.40
- 50 ETH ≈ €108,112.00
- 100 ETH ≈ €216,224.00
- 500 ETH ≈ €1,081,120.00
- 1000 ETH ≈ €2,162,240.00
Converting Euros (EUR) to ETH
- €0.50 ≈ 0.00023 ETH
- €1.00 ≈ 0.00046 ETH
- €2.00 ≈ 0.00092 ETH
- €5.00 ≈ 0.0023 ETH
- €10.00 ≈ 0.0046 ETH
- €50.00 ≈ 0.023 ETH
- €100.00 ≈ 0.046 ETH
- €500.00 ≈ 0.23 ETH
- €1,000.00 ≈ 0.46 ETH
Tracking Ethereum's Historical Performance
Analyzing historical data is crucial for understanding market trends. Here’s a brief comparison of Ethereum's recent performance:
| Time Period | Price | Volume | Market Cap |
|---|---|---|---|
| Now | €2,162.24 | €11.87B | €253.43B |
| A Day Ago | €2,204.91 | €11.87B | €253.52B |
| A Week Ago | €2,058.52 | €5.88B | €256.15B |
This table shows a slight dip in price over 24 hours but a solid gain over the past week, indicating potential medium-term bullish sentiment despite short-term volatility. To understand these movements in a broader context, it's helpful to explore more strategies for analyzing crypto market cycles.
What Makes Ethereum Unique?
Ethereum's uniqueness stems from its foundational technology. While Bitcoin pioneered decentralized digital money, Ethereum introduced a programmable blockchain. Its native cryptocurrency, Ether (ETH), is used to power operations on this network. The key innovation is the smart contract—self-executing contracts with the terms of the agreement directly written into code. This capability has given rise to:
- Decentralized Finance (DeFi): A global, open alternative to traditional financial systems.
- Non-Fungible Tokens (NFTs): Unique digital assets representing ownership of art, collectibles, and more.
- Decentralized Autonomous Organizations (DAOs): Member-owned communities without centralized leadership.
Founded in 2013 by Vitalik Buterin and launched in 2015 by a team including Gavin Wood and Charles Hoskinson, Ethereum has evolved into a vast ecosystem driving much of the innovation in the blockchain space.
Frequently Asked Questions
What is Ethereum and what is its purpose?
Ethereum is an open-source, decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Its purpose is to create a global, accessible platform for decentralized programs, with its native cryptocurrency, Ether (ETH), used to facilitate transactions and operations on the network.
How can I purchase Ethereum?
You can purchase Ethereum through regulated cryptocurrency exchanges. The process typically involves creating an account, completing any necessary identity verification, depositing funds (like euros or dollars), and then placing an order to buy ETH at the current market price or a specified limit price.
What does staking mean in Ethereum?
Staking in Ethereum refers to the process of locking up ETH to help secure the network following its upgrade to a Proof-of-Stake consensus mechanism. In return for staking their coins, participants earn rewards, similar to earning interest. It allows users to earn passive income on their holdings while contributing to the blockchain's operations and security.
Who created Ethereum and when did it launch?
Ethereum was conceptualized by programmer Vitalik Buterin in 2013. The development was carried out by a team of co-founders that included Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. The network officially went live on July 30, 2015.
What factors influence the price of ETH?
The price of ETH is influenced by a complex interplay of factors. These include overall market sentiment and trends in the cryptocurrency sector, network adoption rates for dApps and DeFi, technological upgrades to the Ethereum protocol, regulatory news affecting crypto assets, and broader macroeconomic conditions.
Why is Ethereum considered a leading cryptocurrency?
Ethereum is considered a leader due to its pioneering role in introducing smart contract functionality, which unlocked a vast array of use cases beyond simple value transfer. Its massive, active developer community, large market capitalization, and widespread adoption by major corporations and financial institutions for blockchain solutions solidify its top position. For those looking to dive deeper, you can view real-time tools that track these metrics.