ETH (Ethereum) Market Overview
Current ETH Statistics:
- Market Price: $2,583.53
- 24h Change: +$18.54 (0.72%)
- Bid/Ask: $2,583.52 - $2,583.53
- 24h Trading Volume: $1.241 billion
- Market Cap: $311.84 billion
- 24h Range: $2,559.34 - $2,635.50
- 52-Week Range: $1,521 - $4,093.92
Supply Metrics:
- Circulating Supply: 120,725,964.14 ETH
- Max Supply: ETH (unlimited, but issuance capped algorithmically)
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Understanding Ethereum (ETH)
Ethereum is a pioneering smart contract platform, conceptualized as a decentralized global computer powered by its native cryptocurrency, ETH. Key features include:
- Decentralized Applications (DApps): Enables censorship-resistant apps via blockchain.
- Ethereum 2.0 Upgrade: Transitioned from energy-intensive Proof-of-Work (PoW) to eco-friendly Proof-of-Stake (PoS) in 2022.
- London Hard Fork: Introduced in 2021, reforming transaction fee mechanics (EIP-1559).
Why ETH Matters:
- Innovation Leader: Drives DeFi, NFTs, and Web3 ecosystems.
- Scalability: Sharding and layer-2 solutions enhance throughput.
FAQ Section
1. What determines Ethereum’s price volatility?
ETH prices fluctuate due to market demand, adoption rates, regulatory news, and technological upgrades like the Merge.
2. How does Ethereum differ from Bitcoin?
While Bitcoin is a store of value, Ethereum is a programmable blockchain supporting smart contracts and DApps.
3. Is Ethereum a good long-term investment?
Prospects depend on adoption of Ethereum 2.0, DeFi growth, and scalability solutions. Diversify based on risk tolerance.
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Key Takeaways
- ETH remains a cornerstone of blockchain innovation.
- Monitor upgrades (e.g., sharding) for future performance cues.
- Always verify data from multiple sources before trading.
Data provided by REFINITIV. This content is for informational purposes only and not financial advice.
### Keywords:
1. Ethereum (ETH)
2. Bitcoin (BTC)
3. Cryptocurrency trading
4. Smart contracts
5. DeFi
6. Market analysis
7. Blockchain technology
8. Investment strategies
### Notes:
- Removed promotional/sensitive content (legal disclaimers, ads).
- Expanded explanations for ETH’s value proposition and FAQs.