Ethereum Price Overview
The current Ethereum price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of Ethereum is based on a market capitalization of EUR. Ethereum has a circulating supply of . The highest recorded Ethereum price is EUR. And the lowest recorded ETH price is 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.
While both Bitcoin and Ether 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. In fact, the burgeoning decentralized finance sector is built mostly on Ethereum. That is one of many reasons to find ETH worth attention.
The ETH price has changed significantly since the currency was launched. If you’re curious about where ether has been and where it’s going, 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 a sort of Ethereum converter to transform the coins from curiosities to investments.
Within a couple of weeks, Ether was trading for more than 1.20 €. Prices 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 price of Ethereum 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 €.
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 crypto market 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 Ethereum’s Price History
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.
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.
Also affecting Ether’s value is the introduction of applications that rely upon the Ethereum blockchain – particularly decentralized financial apps. 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 grows more valuable, making Ethereum worth more.
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.
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.
World events are a factor too. Ether’s huge single-day crash in March 2020 came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The pandemic’s effects were felt by the entire world economy, including crypto prices. The Ethereum exchange rate took a big hit as the virus hit home.
Ethereum attracts many speculative investors. Ethereum’s central role in blockchain-based applications makes it attractive to investors.
The Ethereum price today comes from a combination of all those factors.
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 Ethereum to USD currency, euros, and 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 is equal to the price of one ETH multiplied by the number of ETH in circulation.
Ethereum Price FAQ
What Is the Highest Price of Ethereum in EUR?
Ethereum price history shows that ETH has recorded a peak value of EUR.
What Is the Lowest Price of Ethereum in EUR?
Kriptomat data confirms that EUR is the lowest recorded Ethereum value.
How Can I Buy Ethereum?
There’s no need to consult an expert to tell you how to buy Ethereum. It’s fast and easy to buy ETH at Kriptomat. Ethereum is available for immediate purchase at the current ETH price quote of EUR. Current prices are always displayed in the ETH chart.
What Is the Current Price of Ethereum in EUR?
Ethereum is available for immediate purchase at Kriptomat. The current price is EUR.
How is the price of Ethereum calculated?
There is no Ethereum calculator. 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.
Why is the price of Ethereum different on different cryptocurrency exchanges?
ETH’s price is based purely on trading as there is no standard global Ether price, so no one knows what it is “supposed” to cost. 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 could 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. However, if demand continues to grow for dApps, DeFi, and NFTs, Ethereum is likely to have a bright future.
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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