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Ethereum price
£1,337.07
Ethereum price
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About Ethereum (ETH)
Ethereum is a global, open-source platform for decentralized applications. Ethereum is a marketplace of financial services, games and apps that is trustless, decentralized and secure. ETH is the cryptocurrency powering the Ethereum network. It's used to pay for transactions, as a store of value or peer-to-peer payment method, or as collateral to generate entirely different crypto tokens that run on Ethereum.
Ethereum (ETH) Price Today
Ethereum price today is £1,337.07.
15,228 ETH was purchased today on Kraken worth £20,360,484. Check out the ETH chart above for more real time price data. Want to get updates on the latest crypto prices on-the-go? Sign up today to receive ETH price alerts. Kraken lets you buy and sell 412 cryptocurrencies, including ETH. There are some geographic restrictions which may affect the assets that are available in your verified country of residence. View all crypto prices.
The bullish take on Ethereum
Ethereum remains the dominant blockchain for DeFi, NFTs, and Web3 applications for both users and developers alike. With a strong first-mover advantage and the most liquidity of any Layer 1 chain, Ethereum has established an integrated network of decentralized products and services.
Major financial institutions and enterprises are increasingly using Ethereum for tokenization of real-world assets (RWAs), decentralized finance (DeFi), and decentralized applications (dApps), signalling their confidence in the Ethereum network
With the network now burning a portion of transaction fees after the EIP-1559 upgrade and staking helping to limit its circulating supply, Ethereum's tokenomics could become deflationary over time, which could increase the scarcity of ETH tokens.
The bearish take on Ethereum
Ethereum's comparatively high gas fees make it an expensive platform for many users, limiting its ability to compete with cheaper, faster Layer 1 alternatives like Solana and Avalanche.
While Ethereum's transition to proof-of-stake consensus mechanism as well as the growing list of Layer 2 solutions aims to improve scalability, Ethereum’s Layer 1 network still struggles with congestion, which could hinder mass adoption and long-term sustainability.
Despite being the leading smart contract platform, many applications built on Ethereum suffer from scams, hacks and frauds, which could hurt trust in its ecosystem and discourage mainstream adoption.
Ethereum (ETH) Price History
Ethereum price is -49.55% over the last year. The highest price of ETH in the last year was £3,149.94 and the lowest price of Ethereum in the last year was £1,150.33.
24h
-1.69%
7d
+9.53%
1m
-8.64%
1y
-49.55%
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Categories
Kraken classes Ethereum to be within the following categories: Smart Contract Platform, Layer 1, Ethereum Ecosystem, Proof of Stake.
Get started with Ethereum
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Ethereum FAQ
Can I trade Ethereum at a lower price?
Yes, you can choose what price you pay for Ethereum using Custom Orders on Kraken. If the price of Ethereum reaches to your desired price, the order will execute automatically.
Is now a good time to buy Ethereum?
Timing the market can be tough, but dollar cost averaging can help. By setting up recurring buys, you can constantly accumulate Ethereum over time and not worry about whether or not now is the best time to buy.
What is the daily trading volume of Ethereum?
15,228 ETH worth £20,360,484 was traded on Kraken in the last 24 hours.
What affects the Ethereum price?
A variety of factors affect the price of Ethereum including market sentiment, technical developments, user adoption and macro economic events.
How do I read the Ethereum price chart?
To read the Ethereum price chart, it can be useful to start by understanding the X-axis (which represents time) and the Y-axis (which represents the price). A line chart connects a crypto asset's closing prices with straight lines to clearly display its performance over time.
How can I analyze prices with the Ethereum chart?
Analyzing price movement using the ETH chart can involve identifying areas of support and resistance, or using technical analysis which is the study of past price movements to forecast future trends. However, it's important to remember that no method can predict prices with 100% accuracy due to the market's volatility.
Ethereum Dollar Cost Averaging Calculator
See how much value you'd have today if you had dollar-cost averaged into different cryptocurrencies.
Crypto Asset General Risks
- Investing in crypto assets is risky and each token can have its own set of risks. Below is a list of risks that generally apply to all crypto assets:
- Volatility: The performance of crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
- Lack of protections: Crypto asset investments are unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will assist or protect you in the event something goes wrong with your crypto asset investments.
- Liquidity: Some crypto asset markets may suffer for low liquidity which could prevent you buying or selling your crypto assets at the price you want or expect.
- Complexity: Specific crypto assets may carry with them specific complex risks that are hard to understand. Do your own research and if something sounds too good to be true, it probably is.
Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
If you want to learn more about specific risks related to Ethereum, please visit our crypto asset statements page.
Ethereum markets
Explore popular Ethereum trading pairs on Kraken. You can swap ETH for cash, stablecoins or other digital assets.
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