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Follow the Ethereum price in real time

At the beginning of 2021, Ethereum’s share price reached a new all-time high of over $4,00. In fact, the price of ether, which is the asset present on the trading platforms, has been in a fundamental upward trend since its first quotations in 2016.

Our experts explain the price of Ethereum

Every week we provide a technical analysis of the ether price. You will be able to find all the important areas to monitor to optimize your investments in cryptocurrencies.

All information in this video is provided for informational purposes only and has been compiled from reputable and reliable sources. It does not constitute an offer to buy or sell digital assets, nor does it constitute an offer to provide services with respect to digital assets, nor does it constitute advice, inducement or recommendation to trade in such digital assets. It is simply information that is under the absolute control of the user.

Gas, an essential element in the functioning of Ethereum

Ethereum does not use its blockchain to simply execute payments in a secure and transparent way, its network allows the execution of contracts or even decentralized applications thanks to ether which is a kind of “fuel”. These are actually the ethers that you exchange on the marketplaces. Note that the economic rules of Ethereum are not centered on the principle of scarcity as for Bitcoin which will eventually have only 21 million units. There is no limit to the number of ethers in circulation.

Adjusting the amount of gas to use the Ethereum blockchain properly.

The proper functioning of the Ethereum blockchain implies transaction fees which are calculated according to the amount of “gas” needed to perform an action. It is possible to define a quantity of gas by yourself before carrying out a transaction on the Ethereum bockchain. The higher the value, the faster the transaction will be carried out because the miners, those who use the computing power of their computers to run the network, will be interested in processing it and recovering the transaction fees.

Smart contracts, a major evolution brought by Ethereum

The full potential of Ethereum is expressed when it allows to act with smart contracts. But a better definition would be to describe them as computer programs capable of receiving funds, sending them back, receiving instructions and making decisions according to an algorithm.

The many advantages of smart contracts.

Moreover, once developed on the blockchain, they benefit from the security of the network, become autonomous and available 24/7 without interruption. Anyone can consult their operation and use them for their own applications. Smart contracts are programs that run exactly as configured by their creators. They are notably at the origin of the ICOs (Initial Coin Offering) frenzy in 2017 and the emergence of so-called ERC-20 tokens.

 

Investing in Ethereum in 2022

Réponse à la crise financière bitcoin

Why is Ethereum in a bullish trend?

2020, the beginning of a strong uptrend

After a year of consolidation in 2019, the year 2020 initially started chaotically for the ether price. Due to the COVID-19 crisis, the asset lost 63% in a few days in March to regain its levels of late 2018. In reality at that time, the panic over the discovery of the global pandemic caused all financial assets to sell off massively as investors sought to protect their portfolios.

But soon, in a similar fashion to Bitcoin, the spring of 2020 saw the return of strong bulls on Ethereum. By July 2020, the asset had already regained 160% from the COVID crisis low and was trading at around $230.

A price driven by the advent of decentralized finance.

It was from August 2020 that the trend really accelerated. Driven by new uses linked to decentralized finance (DeFi), which would not exist without the Ethereum blockchain, the price exploded, appreciating by more than 100% and reaching an annual high of $490 on 1 September 2020.

After a month-long correction, which calmed the euphoria around decentralized finance, the price resumed its ascent to end the year 2020 at $735. The beginning of 2021 confirms the upward trend for Ethereum, which posted an 80% performance in the month of January. The price now exceeds $2500, driven by good activity around its development and the prospects of a drastic evolution of the protocol, called Ethereum 2.0.

From a medium to long term investment perspective, Ethereum seems to be a solid asset, whose price has been showing an upward trend for more than five years now.

What is the price of Ethereum?

Like all cryptocurrencies, Ethereum has a value determined by a price, which evolves over time. This evolution depends on the supply and demand on the crypto-currency exchange market. As for the price of Ethereum, it is in comparison with traditional currencies like the euro or the dollar. This is called the Ethereum/euro rate.

What is the value of Ethereum compared to the Euro?

For example, at the beginning of April 2022, the Ethereum/euro rate is as follows: 1 Ethereum in euro is worth almost €3,000. (That’s how much you’d have to spend to acquire one ETH token at that specific month’s Ethereum price).

So the value of Ethereum is not fixed: it changes continuously. Moreover, you should know that with Ethereum, the price varies depending on the trading platform. Its value is therefore not quite the same on Coinhouse or at another intermediary specialized in crypto-currencies.

The ETH rate is important because, in order to buy Ethereum, you must use a traditional currency. In this case: use euros to acquire Ethereums. This is the only way to invest in a cryptocurrency, unless you already own virtual currencies and practice trading – for example, by trading Bitcoins for Ethereums.

How to know the price of Ethereum?

As mentioned above, the value of the ETH depends on the Ethereum price. To get an accurate idea of the price of a token, it is therefore essential to follow the Ethereum price in real time. This price is available at the top of this page. You can find the following information:

– the price of Ethereum in real time (highlighted in green when rising, in red when falling) ;
– the rate of increase or decrease and the correspondence of this percentage in euros;
– the evolution curve of the Ethereum over time;
– the day’s high and low (in euros).

If you are trading virtual currencies, you need to keep an eye on the Ethereum and the price evolution, so you can react as soon as possible.

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Who determines the price of Ethereum?

The price of the ETH token depends on the Ethereum price, which itself is determined by… supply and demand!

The Ethereum price is determined by the market

Indeed, Ethereum relies on a decentralized system (DeFi, for “decentralized finance”) which means that transactions do not rely on the actions of a banking intermediary. In other words, Ethereum is independent of the institutions that intervene in the evolution of the prices of traditional currencies or gold, and its price is not impacted by the decisions made by state central banks.
This means that the market, and only the market, determines the price of ETH. When demand increases, the Ethereum price rises; when demand decreases, the price falls. This demand/supply mechanism is based on the number of tokens bought or sold by investors.

The advantage of Ethereum is that it has a very large community of traders. The distribution of ETH is thus more diluted, which results in a smoothing of the movements on the large portfolios. It is currently estimated that there are nearly 111 million Ethereums in circulation.

The parameters that influence the price of ETH

While the price of Ethereum is determined by the market, it is important to understand that the market itself can be influenced by multiple parameters. What are the most important ones?

The notoriety of Ethereum, which directly influences the demand.
The development of “decentralized finance” (DeFi), which encourages investors to buy ETH.
The launch of innovations like Ethereum 2.0 in 2020 (based on the Proof-of-Stake system).
Legal regulations applied to the use of virtual currencies.
The energy consumption required to “mine” Ethereum.
The price of other cryptocurrencies such as Bitcoin.
The taxation of crypto-currency wallets (depending on the country).
The image of crypto-currencies in the media and with the general public.
Use cases (what can be done with Ethereum).

The evolution of the Ethereum price since its creation

You may be wondering how the Ethereum price has evolved over time. Here’s a quick history of the Ethereum price since its inception in 2015.

Historical Ethereum course: the first years

It wasn’t until 2016 that Ethereum began to attract investor attention, with the launch of the decentralized organization. After remaining under €1 throughout 2015, the price of ‘Ethereum experienced its first record high in June 2016 at €17, before falling back (while remaining above €5).

In 2017, the introduction of ETH on trading platforms arouses enthusiasm: the price of Ethereum gradually climbs until reaching € 617 at the very end of the year.

2018 starts with a considerable increase in the ETH price, with a record of €1,103 in January… Before a new period of decline that, in April, makes it reach €300, then €120 at the end of the year.

In 2019, the price of Ethereum reaches a plateau around € 270 in the summer, then € 118 in December.

The return of the Ethereum course: from 2020 to 2022

The innovations of 2020 for ETH (decentralized finance and the launch of Ethereum 2.0), coupled with the health situation, mark the beginning of a recovery in cryptocurrency prices – after a sharp fall in March. The ETH price then experienced a steady and perennial rise, until it reached €3,237 at the end of December 2021. Since then, the Ethereum price has been breaking its own records on a regular basis (and almost every day).

Nevertheless, it is difficult to project yourself into the future: the evolution of Ethereum is unpredictable due to an extremely volatile price, as is the case with all cryptocurrencies. It is therefore a matter of investing with caution… and keeping an eye on the Ethereum price in real time!

Our experts explain the price of Ethereum

Every week we provide a technical analysis of the ether price. You will be able to find all the important areas to monitor to optimize your investments in cryptocurrencies.

Gas, an essential element for the functioning of Ethereum

Ethereum does not use its blockchain to simply execute payments in a secure and transparent way, its network allows the execution of contracts or even decentralized applications thanks to Ether which is a kind of “fuel”. These are actually the Ethers that you exchange on the market places. Note that the economic rules of Ethereum are not centered on the principle of scarcity as for Bitcoin which will eventually have only 21 million units. There is no limit to the number of Ethers in circulation.

Adjust the amount of gas to properly use the Ethereum blockchain

The full potential of Ethereum is expressed when it enables smart contracts. But a better definition would be to describe them as computer programs capable of receiving funds, sending them back, receiving instructions and making decisions according to an algorithm.

The many advantages of smart contracts

Moreover, once developed on the blockchain, they benefit from the security of the network, become autonomous and available 24/7 without interruption. Anyone can see how they work and use them for their own applications. Smart contracts are programs that run exactly as configured by their creators. They are notably at the origin of the ICOs (Initial Coin Offering) frenzy in 2017 and the emergence of so-called ERC-20 tokens. 

Ethereum’s dazzling potential through decentralized applications

A new technology that redefines finance

Ethereum enables the creation of new applications that were impossible to develop with the Bitcoin blockchain. These decentralized applications have, especially since 2020, allowed the emergence of what is called Decentralized Finance (DeFi).

They allow people to take advantage of financial services without going through an intermediary or needing their authorization. Thus, services such as loans, liquidity provision, derivatives or insurance are developing at high speed. Anyone who owns ethers can interact with these services. Ethereum thus allows the emergence of advanced services that are also of increasing interest to the corporate world and traditional financial players.

Ethereum, a project that continues to meet many needs

The project has a very large and active community, with a historical figure in the ecosystem in the person of Vitalik Buterin. It is also the project with the most developments and evolutions planned for the coming months and years. Starting with Ethereum 2.0, which will change the blockchain’s validation algorithm from proof-of-work to the more eco-friendly proof-of-stake. All of this activity should lead to an appreciation in the value of the ETH token in the future. Ethereum is definitely a cryptocurrency with a lot of potential.

Understanding the recent evolution of the Ethereum price

All about Ethereum

What is Ethereum?

Ethereum was founded in 2014 by Vitalik Buterin.
It is the second most capitalized cryptocurrency on the market, behind Bitcoin. On the face of it, Ethereum’s blockchain works on the same model as Bitcoin’s since it uses the open source principle and requires computing power from computers to validate transactions, which is called proof of work. The Ethereum network is also decentralized.

Ethereum allows for more than just monetary transactions

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