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Ethereum Price

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Ethereum price overview

The current Ethereum price is loading EUR. The price has changed by EUR in the past 24 hours on trading volume of loading EUR. The market rank of Ethereum is based on a market capitalization of loading EUR. Ethereum has a circulating supply of loading. The highest recorded Ethereum price is loading EUR. And the lowest recorded ETH price is loading EUR.

How do Ethereum price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.

Launched in 2014, Ether is the native cryptocurrency of the Ethereum blockchain. It is commonly known as Ethereum, Ether, or ETH.

Technically, the blockchain supporting this cryptocurrency is called Ethereum and the currency is Ether (or ETH). But people routinely refer to the currency as Ethereum. 

The Ethereum – ETH – team was led by co-founder Vitalik Buterin, who has become a crypto celebrity. Buterin wrote the white paper that became Ethereum and with the help of his team, he created the Ethereum Foundation. Buterin saw little value in another general-purpose cryptocurrency like Bitcoin. So the Ethereum team built special flexibility into their crypto project: features that could one day allow the blockchain to be extended to support additional functions.

While both Bitcoin and Ethereum can function as a store of value and method of payment, the underlying Ethereum blockchain was designed as a platform for executing software in the form of smart contracts. This means that in addition to supporting a general-purpose digital currency, Ethereum is also the foundation for many decentralized applications based on blockchain technology.

The burgeoning decentralized finance sector is built mostly on Ethereum smart contracts. Ethereum’s success as a smart contract platform is one of many reasons to find ETH worth attention. It is one of the most successful and widely adopted technologies found on any blockchain.

The ETH price has changed significantly since the currency was launched. If you’re curious about where Ethereum’s price has been and where future price action will take it, you’re in the right place.

Ethereum price history

Although the Ethereum team raised 1.9 € million in a 2014 initial coin offering, the project remained in a testing phase until 30 July 2015. That’s when the first data – the so-called genesis block – launched the public Ethereum blockchain, serving as an Ethereum converter to transform the coins from curiosities to investments.

Within a couple of weeks, Ether was trading at an all-time high – about 1.20 €. ETH’s price dipped below 0.50 € for a few months, but by the end of 2015, the price had inched most of the way back, with each ETH worth about 1 €.

Ether rallied in the first quarter of 2016, hitting a price of more than 13 € in March. The price peaked at 18 € in June.

The peak was followed by a steep decline, and Ethereum value dropped by about 50%. The price then languished for months. The year ended with ETH worth about 7 €.

After a slow start in 2017, the coin’s price began a steep climb. ETH value hit 13 € in March and surpassed 100 € and 200 € in May. June saw the price peak at about 360 € – a new all-time high.

After a few months of minor ups and downs, Ether began climbing again in December. By the end of 2017, ETH was worth 650 € – an increase of about 9,400% since the beginning of the year. The Ethereum to USD ratio was 1:750.

The rally continued in 2018, leading to a peak value of 1,300 € on 10 January.

The investment market for cryptocurrencies slumped in 2018, and Ethereum slumped with it. Ether lost more than 90% of its value, with ETH worth about 110 € at the end of the year.

The following year was less dramatic. Ether climbed for the first half of the year, reaching a value of about 330 € at the end of June. Those gains were lost in the second half of the year. ETH ended 2019 at about the same price it started the year with.

The value of Ethereum doubled as 2020 began, then bottomed out at 72 € following a 45% one-day crash in March. A rally followed, which helped Ethereum chart a price of 640 € by the end of the year – an annual price gain of 475%.

The pattern of price gains, sudden drops, and gradual rebuilding to new highs has continued to the present, and these patterns help explain the Ethereum price today. The current value of Ethereum is part of the cycle.

Analyzing the history of Ethereum’s price

Cryptocurrencies are traded on unregulated markets called exchanges. It is the prices offered and accepted that determine a particular crypto’s price. In unregulated markets, prices are dictated by supply and demand. ETH’s price has shown a cumulative upward trend since ETH coins were introduced because of steadily increasing buying pressure in open markets.

The historical record of Ethereum’s price is most commonly provided by cryptocurrency exchanges – because that’s where ETH’s price is determined. Any exchange will provide the USD price, which can easily be toggled to show the ETH price or vice versa.

This doesn’t mean that the coin’s price has risen smoothly. The overall history of Ethereum value matches what analysts call a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge that lasts until investors pocket their profits and the price crashes.

The pattern is visible on any Ethereum graph of prices over time. The value of Ethereum today is based on its place on that repeating cyclical pattern.

Ether’s price has responded to technical developments on the Ethereum platform. The Ethereum community has adopted a roadmap that includes the development and deployment of new features.

Prices rise and fall in the days before the fork events in which new features are introduced, and they continue to rise and fall depending on how well the new features meet users’ needs and make Ethereum worth more or less as an investment, value store, and application platform as reflected in the Ethereum exchange rate. All of these factors affect the ETH exchange rate.

Smart contracts boost Ethereum’s price

Also affecting Ether’s value is the introduction of applications that rely upon the Ethereum blockchain – particularly decentralized financial apps. The most important factor boosting Ethereum’s price is its smart contract functionality, which allows it to serve as an ideal platform for countless use cases. Although other blockchains with the ability to store and execute smart contracts have been introduced, Ethereum remains the overwhelming foundation for blockchain-based applications. As the dApp market and DeFi sector grow, the Ethereum blockchain and its smart contract capability grow more valuable, making Ethereum worth more.

Inflation: Issuance and burn rates

Ethereum’s founders created mechanisms for regulating the circulating supply of the coin – and thus influencing the supply side of the supply-and-demand equation.

Ethereum was launched with a proof-of-work (POW) consensus protocol under which miners earned block rewards when transactions were validated and posted to the blockchain. In September 2022, the Merge changed all that. Ethereum switched to a proof-of-stake, or POS, consensus mechanism.

After the Merge, transaction fees were broken into base fees and tips. Tips have long been part of the Ethereum validation process. They allow users to get faster processing by paying more. When users pay transaction fees, the base fees are burned and the coins are destroyed.

This is a deflationary mechanism intended to reduce the supply of Ethereum and boost the price. That’s one way the Merge helps guard against inflation, which is manifested as a low trading price for Ethereum.

The switch to proof-of-stake – POS – block validation enacted with the Merge has provided a further hedge against inflation. Miners received about 13,000 Ether coins per day under the proof-of-work system. The new proof-of-stake mechanism issuance rate is about 1,700 ETH per day.

The amount of Ether that is burned every day varies according to daily transaction volume. If a lot of Ethereum is transferred, a lot of transaction fees are burned because there are high transaction costs. The supply is reduced, and that leads to higher prices.

If transaction volume is low, the 1,700 coins added to the blockchain each day might lead to a net rise in the circulating supply of Ether coins. That would have the effect of raising the supply, leading to lower prices.

Other factors

Ethereum’s success has ironically become a significant factor limiting its growth. All the distributed applications hosted on Ethereum share a total bandwidth of 30 blockchain transactions per second. dApp developers use sharding techniques and Ethereum side chains to work around this limit, but the execution bottleneck is a significant factor behind the growing popularity of alternative blockchains.

Ethereum and Ethereum-compatible blockchains are also the foundation of the nascent non-fungible token market. As NFTs grow in value and popularity, the strain on the Ethereum blockchain rises in ways that are visible on any ETH chart that displays prices.

One result is that the “gas” charges associated with Ethereum transactions have risen beyond 100 €. Another is that the Ethereum exchange rate has been affected.

A wider context

Trends in the overall crypto market and the wider economy have also played a role in Ethereum price history. It is easy to see the correspondence when you chart the Ether price’s mountains and valleys versus price trends in the crypto market as a whole.

Ethereum attracts many speculative investors. Ethereum’s central role in blockchain-based applications and NFTs makes it attractive to investors.

The Ethereum price today comes from a combination of all those factors.

All about Ethereum

Bitcoin was introduced as a potential replacement for government-issued fiat currency. Vitalik Buterin and the other Ethereum co-founders had a different vision in mind for Ethereum, a vision far beyond merely managing crypto assets. They saw the validating nodes on the Ethereum blockchain network as a flexible distributed computing platform with potential beyond hosting cryptocurrency. That flexibility has already led to the development of the NFT and the smart contract.

The ability to fulfill multiple use cases, especially with smart contracts, makes Ethereum unique in the crypto space. It has turned out to be the secret behind Ethereum’s mass adoption and a major factor influencing ETH’s price.

The price of gas

All cryptocurrencies charge fees for interacting with the blockchain. Bitcoin calls it a network fee. Solana calls it a transaction fee. And in the Ethereum world, it’s known as a gas fee.

Transaction fees are generally used as block rewards for participants in the blockchain’s consensus model and to fund the development and maintenance of the blockchain.

Ethereum gas charges are notorious because they are sometimes quite high. Ethereum average daily gas fees have ranged from less than 0.10 euros to more than 180 euros. 

The reason for the variability is that Ethereum’s fee is calculated according to a complicated formula that takes the network’s activity level into account. When Ethereum nodes are busy validating transactions, it costs more to get any particular transaction to the head of the line.

Gas fees are paid in Ethereum but they are calculated in gwei. Each gwei is 0.000000001 ETH. A gwei is a giga-wei – a million wei. The wei is the smallest unit of Ethereum. It is named after Wei Dai, a digital finance pioneer who outlined the basics of modern cryptocurrency in 1998.

The road map and Ethereum 2.0

Ethereum was launched with a proof-of-work (POW) consensus mechanism for validating transactions, the same as Bitcoin. Under that arrangement, Ethereum users with powerful mining equipment were able to compete to earn Ethereum rewards.

Community leaders voted to switch from POW, with its notorious energy consumption, to a consensus mechanism based on proof of stake (POS) that would allow the largest ETH holders to validate transaction blocks and earn rewards. 

To prepare for the switch, developers tested an updated copy of the Ethereum blockchain called the Beacon chain. The Beacon chain was identical to the Ethereum main blockchain, with every transaction, but it was based on a proof-of-stake validation model. Once everything worked correctly, the two blockchains were merged and Ethereum nodes received updated operating software incorporating the updated consensus mechanism. This event – the Merge – took place in September 2022.

The new proof-of-stake consensus protocol is more efficient than the old proof-of-work system and is much friendlier to the environment. It lays the groundwork for future enhancements to the Ethereum network. But the switch to proof-of-stake that the Merge brought to the Ethereum network did not change the way Ethereum is used by most crypto owners and investors.

The evolution of Ethereum protocols, tokens, and capabilities is outlined in roadmap documents maintained by the Ethereum Foundation and ethereum.org. The roadmap charts progress toward a faster, more scalable Ethereum 2.0 and its associated cryptocurrency, ETH 2.0.

Goals and capabilities are added to the Ethereum roadmap through Ethereum Improvement Proposals. Anyone can create an EIP and submit it to the Ethereum community by posting it to a special repository in GitHub. Proposals are reviewed by a committee of editors organized and supported by the Ethereum Foundation. When EIPs are approved, they become ERCs – Ethereum Requests for Comments, or ERCs. When ERCs are implemented through events like the Merge, they become parts of Ethereum. For example, non-fungible tokens, or NFTs, were added to Ethereum via ERC 721.

EIP 4895 defines the March 2023 Shanghai fork as a minor change that allows users to withdraw Ethereum that has been staked to the Beacon chain.

EIP 4844, currently under testing, is a major step toward Ethereum 2.0. It defines a process the community refers to as proto-danksharding. It’s intended to reduce gas fees and boost the performance of the Ethereum network through sharding.

With sharding, transactions are approved and posted to mini-blockchains quickly. They are posted asynchronously to the main blockchain later when network traffic allows.

Ethereum for app developers

One of Ethereum’s major contributions to the blockchain world is that it is a de facto compatibility standard for decentralized apps, or dApps, that rely on smart contracts for accessing blockchain data. The computer programmer who writes code for the Ethereum Virtual Machine (EVM) that is installed on every Ethereum network node can be confident that the code will run not only on the Ethereum smart contract platform but on other blockchains that use EVM-compatible virtual machines to execute smart contracts. The Ethereum network has become the most widely used software platform for the blockchain/crypto world.

The Ethereum community supports developers with tools, documentation, standards, and other resources for creating smart contracts. Chief among them is Solidity, a Turing-complete programming language for smart contracts and dApps.

Developers can also take advantage of the Goerli testnet, a sandbox version of the Ethereum blockchain established for testing dApps before they are released to the public blockchain network.

Live Ethereum value and market cap

The Ethereum price today changes from moment to moment as buyers and sellers conduct transactions on exchanges where they can convert ETH to USD currency, other crypto, and fiat currencies according to the current Ethereum exchange rate. Given ETH’s volatility, the live price can change by a large amount in a short time.

The market capitalization of Ethereum – the market cap of any cryptocurrency – is equal to the price of one coin – multiplied by the number of coins in circulation – the circulating supply.

Ethereum price FAQ

What is the highest Ethereum price in EUR?

Ethereum price history shows that ETH has recorded a peak value of loading EUR.

What is the lowest Ethereum price in EUR?

ETH price history shows that loading EUR EUR is the lowest recorded Ethereum value.

How can I buy Ethereum?

You can purchase Ethereum and over 290 different cryptocurrencies in seconds with Kriptomat, learn more about how to buy Ethereum. It’s available for immediate purchase at the current ETH price quote of loading EUR. Current prices are always displayed in the ETH chart.

What is the current Ethereum price in EUR?

Kriptomat data confirms that the current Ethereum price is loading EUR.

How is the value of Ethereum calculated?

No Ethereum calculator can disclose Ethereum’s price at any moment. The current Ethereum price at any given time is dictated by the actual values agreed upon by buyers and sellers at crypto exchanges. Those are the values that are displayed on an Ethereum price chart. When more people are buying ETH than selling it, the price goes up, and when more are selling than buying, the price goes down. How much is Ethereum worth? It’s worth what buyers last paid for it.

What is Ethereum’s market cap and what does it mean?

The formula for the market cap is crypto price x number of coins in active circulation. It is essentially a measure of the total value of all the active coins – Ethereum coins, for our purposes. Market cap is useful in estimating the success and widespread use of one crypto versus another. Information like this can help guide you in making investment decisions.

Why is the listed price for Ethereum coins different on different cryptocurrency exchanges?

ETH’s price is based purely on transaction history, as there is no standard global Ether price, so no one knows what it is “supposed” to cost. Supply and demand are entirely responsible for the price of Ethereum/ETH. The trading volume and liquidity are different at each exchange, and those differences affect the price. Every Ethereum converter displays a different price, and no ETH calculator can track all the variables.

What will Ethereum be worth in the future?

It’s impossible to make price predictions with any kind of certainty as many factors come into play. And we do not give investment advice. However, if demand continues to grow for dApps, DeFi, and NFTs, Ethereum is likely to have a bright future. It is the growing demand for those apps, more than prices at cryptocurrency exchanges, that gives Ethereum value.

The bottom line

The price of Ether has changed significantly since the coin was introduced. The journey wasn’t a smooth one, as ETH’s volatility and external market factors led to many surges and crashes along the way.

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This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.
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