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Ethereum price
€3,109.41
Ethereum price
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 €3,109.41.
124.946 ETH was purchased today on Kraken worth €388,508,395. 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 457 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 -2,11% over the last year. The highest price of ETH in the last year was €3,800.44 and the lowest price of Ethereum in the last year was €1,339.55.
24h
+5,05%
7d
+21,74%
1m
+42,42%
1y
-2,11%
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Categories
Kraken classes Ethereum to be within the following categories: Smart Contract Platform, Layer 1, Ethereum Ecosystem, Proof of Stake.
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Ethereum FAQ
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Ethereum markets
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Popular markets
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