Current Ethereum (ETH/USD) Market Data
2,535.62 USD
24-hour change:* -2.49%
| Metric | Value |
|---|---|
| 24 Hour High | 2,632.40 USD |
| 24 Hour Low | 2,532.86 USD |
| Market Capitalization | 306,131,280,403.66 USD |
*Reference price calculated using mid-price at current time. Execution prices may vary.
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Understanding Ethereum: Beyond the Price Chart
Ethereum is a decentralized blockchain platform created by Vitalik Buterin that revolutionized smart contract functionality. While often confused with its native cryptocurrency Ether (ETH), Ethereum refers to both the network and its token.
Key Technological Evolution
- Consensus Shift: Transitioned from energy-intensive Proof of Work (PoW) to efficient Proof of Stake (PoS) through “The Merge” upgrade
- Smart Contract Pioneer: Enabled self-executing contracts without intermediaries
- DApp Ecosystem: Powers thousands of decentralized applications across DeFi, NFTs, and Web3
Comparative Cryptocurrency Performance
| Token | Price | 24h Change |
|---|---|---|
| Bitcoin (BTC) | 108,815.92 | -5.89% |
| Cardano (ADA) | 476.66 | -5.74% |
| Polkadot (DOT) | 3.45 | -4.03% |
| Chainlink (LINK) | 87.33 | -4.01% |
Essential Ethereum FAQs
Trading Basics
Q: What’s the minimum Ethereum purchase amount?
A: Most exchanges allow purchases as small as 0.00000001 ETH.
Q: Are there trading fees for Ethereum?
A: Platforms typically charge either trading fees or spreads – always check fee structures before trading.
Q: What’s the ETH withdrawal fee?
A: Average network fees fluctuate, but exchanges often charge ~0.005 ETH for withdrawals.
Market Accessibility
Q: When can I trade ETH?
A: Crypto markets operate 24/7/365, though exchange maintenance may cause temporary interruptions.
Q: Can I trade ETH on mobile?
A: Yes! Leading exchanges offer full-featured mobile apps for iOS and Android.
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Why Ethereum Matters in 2024
- DeFi Foundation: Over 60% of decentralized finance protocols run on Ethereum
- NFT Standardization: ERC-721 tokens created the NFT market boom
- Enterprise Adoption: Major corporations use Ethereum for supply chain tracking and digital identity solutions
For traders and developers alike, Ethereum remains the most active smart contract platform, though competitors continue emerging.