Ethereum Price

Follow the Ethereum price in euro, dollar and pound

Above you can see the current Ethereum price in the interactive chart. It will show you the Ethereum value in EUR, USD and GBP over the past 24 hours.

Just like Bitcoin, Ethereum a cryptocurrency. You can trade Ethereum around the clock, also during weekends, holidays and nights. Traditional stocks are different and can only be traded during business hours (just as most of the companies). You can trade cryptocurrency on a lot of different exchanges on the internet, that’s why it’s available 24 hours a day and 7 days a week.

Furthermore you can choose to see how the price has performed over the last 7 days, 30 days, since the beginning of the year (this is shown with YTD) and since the first listing (ALL, which stands for all-time). The widget is provided by our partner Bitvavo.

ETH price in euro and dollar

The information below gives you insight into the Ethereum performance of the past month and week. In addition, you can see the current market capitalization and the highest and lowest price of the past 24 hours.

Click EUR or USD to switch between euro and dollar.

Please note that the price may vary by a few euros compared to the price at the top of the page. This is due to the fact that two different suppliers provide the data.

The history of the Ether price

The  young Russian man named Vitalik Buterin began his internet career writing for the BitcoinMagazine. When Vitalik moved to Canada, he learned more and more about Bitcoin and blockchain and he saw his chance to create a new, better and improved cryptocurrency. Vitalik wanted his new currency to use less mining resources, and he wanted to prevent having to implement a new blockchain when you want to start a new currency.

Vitalik thought it would be more convenient when everyone would implement its own technology onto a central blockchain. After long thinking he started the Ethereum platform in 2013. It included its own cryptocurrency officially called Ether, but everybody just says Ethereum.

Ethereum would have the same functions as Bitcoin, but it would fix a lot of flaws that Bitcoin had. Vitalik also introduced the integrated smart contracts to this second generation cryptocurrency. You can run ERC-20 tokens on his blockchain without creating your own blockchain network. Well known examples of these tokens are Chainlink, Basic Attention Token and 0x.

The first listing of Ethereum was on the 30^th of July 2015 with an Ether value of $0,50. By then, over 72 million ETH were already mined.

Just like Bitcoin the Ethereum price is very volatile. The price doubled in a month after the listing and decreased with 50% the month after. Investing in ETH is not for someone with a weak heart.

In 2016 prices went up steady to around 10 dollars by the spring and stabilizing after that during the summer.

Just like Bitcoin, 2017 was a fantastic year for Ethereum. At the beginning of spring, the Ethereum price climbed steadily to $ 50, the price went up steadily to an incredible 250 dollars in the summer.

During the 2017 bull run in November, the price went crazy just as other cryptocurrencies. In January 2018, the price hit an incredible 1200 dollar.

But prices can’t go up forever and it hit hard when the Ethereum price fell down to 90 dollars during 2018. Investors who bought ETH at the all-time-high were devastated, other investors saw a chance to buy the dip.

In 2019, both Ethereum and Bitcoin prices stabilized with some bumps and prices in 2020 started to increase.

Ethereum historical prices

The table below shows the historical Ethereum prices in euros for the past week.

How is the Ethereum price determined?

Just as every asset, the price is a combination of supply and demand. The markets buyers and sellers determine the Ethereum price by bidding against each other. If there are more buyers than sellers, the price goes up. If there are more sellers than buyers, the price will go down. This system worked out well for Ethereum, because the price has skyrocketed thousands of percent points during its existence.

The problem with the Ethereum price is that news about cryptocurrencies in general has a lot of impact on the price. Generally, positive news will have a positive impact on the price, but negative news will have a bad impact on the price. This problem is seen in other cryptocurrencies like Bitcoin as well.

Just look at the announcement of Facebook in 2019, they wanted to launch their own Libra cryptocurrency to make it possible for small countries to participate in the financial world. Only the large banks could stop Mark Zuckerberg from stopping this plan, and that’s exactly what they did. They argued that the introduction of this new cryptocurrency would be a too big change for the current financial market. But in fact they were scared because Facebook would be too big if they launched their own coin.

Ethereum price prediction

We don’t know what the future will bring us, but we all agree that people have less and less cash at their disposal, because of the rise in card payment.. This is a positive development for cryptocurrencies, because they go together with the development of apps quite well.

We don’t know what this means for the Ethereum price. Looking at the all-time-high of Ether, there is still growth potential for the Ethereum price, considering that Ether is already the second most popular cryptocurrency. But this is no guarantee for the future.

An important factor for the Ethereum value is the launch of Ethereum 2.0. The second version of this blockchain should be launched somewhere in 2020. Ethereum 2.0 will introduce new features like sharding, Proof of Stake (PoS) and eWASM. This means the end of mining and the start of ETH staking. The new functionalities will bring exciting possibilities for both users and developers. Investors have high hopes for the new and improved Ether version.

What do you need to take into account with the Ethereum price?

Ethereum is just like other cryptocurrencies: very volatile and not suited for classical traders. Cryptocurrency, seeingthe past trends, has high peaks and deep lows. This is because one big player (a whale) can influence the price with 1 single order. Every big owner of Ethereum that sells a lot of its Ether can have a giant impact on the price. Every big investor, like institutional investors, that decides to invest in Ethereum, can affect the price extremely. Even though most big traders trade via OTC-markets, the price stays volatile.

Summarized, Ethereum prices are very volatile and it can change quickly.

Please note that you must only invest money that you can lose. The stories are about people becoming incredibly rich just by trading cryptocurrency, but there are less stories about people who lost all their savings while trading.

How to invest in Ethereum?

In our knowledge base you can find some helpful information about investing in cryptocurrency and the articles can help you with making decisions about investing. Check this page out to learn where you can buy Ethereum easily with payment methods like credit card or SOFORT.

Please know the risks that come with an investment and decide for yourself whether your financial situation allows you to invest in Ethereum.

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