Rate and Price ETH

What is Ethereum (ETH)?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership.

The Ethereum network is a “world computer” that allows developers to create markets, store registries of debts or promises, and move funds like online banks move money between each other. In addition, Ethereum enables developers to build and deploy applications that run on blockchain technology. This has opened up a world of possibilities for businesses and Silicon Valley alike.

With the rise in popularity of the blockchain technology, Ethereum has emerged as the second largest cryptocurrency in the world after Bitcoin. It is also the second most popular blockchain platform after Bitcoin because it has support from more than 800 companies across various industries.

Ethereum Price History

In 2017, Ethereum rose from $9 to $1,327 in only three months. This made Ethereum’s price gain the largest of any cryptocurrency during that period. In 2018, it was the second-largest gainer. It reached $3,891 on December 18.

Unfortunately, a major sell-off followed shortly thereafter. It fell as low as $1,146 on January 13. Three days later it was back above $2,000. Since then it has hovered around this level.

The price of Ethereum has been highly volatile over the years. After peaking at more than $1,300 in late January 2018, it sank to below $500 in February and early March. By mid-April it had recovered to just under $1,300 again. It stayed there for several weeks before reaching its high point in May and June of more than $3,400 apiece. This was followed by a sharp decline that saw it drop below $1,200 in mid-July and stay there for several weeks before rising to more than $2,800 in late August and early September.

It continued to fluctuate between these levels for the rest of the year.
Ethereum had a large price run-up in the first half of 2017 followed by a significant sell-off from July to September of that year.

Factors Influencing the Ethereum Price

As with any asset, the price of Ethereum is influenced by a number of different factors. Some of the most important factors include:

• The demand for Ethereum is another important factor that determines the price of the coin. If there is a shortage of Ethereum, this can cause the price to increase. Similarly, if there is a surge in demand for Ethereum, this can also lead to an increase in the price.
• Another important factor that affects the price of Ethereum is regulatory uncertainty. If there are concerns about regulatory policy, this could affect the demand for Ethereum, which could then lead to an increase in the price.
• The supply of Ethereum is also an important factor that affects the price. If there is a limited supply of Ethereum, this could lead to an increase in demand and therefore increasing the value of Ethereum.