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What is the price of ethereum today?

The price of ethereum, or 1 ETH, traded at $3,053.40, as of 8 a.m. ET. The highest intraday price that ethereum reached in the past year was $4,088.00 on March 12, 2024.

The return comparisons are as of 8 a.m. ET.

Although ethereum is not the first altcoin, its the most popular and successful. The cryptocurrency was launched in 2015. Its blockchain has generated tremendous growth and returns over the past nine years.

*The chart above is pulling data as of 8 a.m. ET daily and doesnt display intraday highs or lows.

Ethereums 52-week intraday high was on March 12, 2024, trading at $4,088.00 per ETH. Its 52-week intraday low was $1,500.00 on Aug. 17, 2023.

The leading altcoin has shifted global financial markets and amassed a global market capitalization of $370.71 billion. ETH is currently up 64% year over year.

Today, ethereum's $370.71 billion market capitalization is second to bitcoin's. Together, bitcoin and ethereum represent 71% of the entire cryptocurrency market. While ethereum is the leading altcoin, other altcoins have relatively high market capitalizations. A few include solana with a market cap of $82.35 billion, XRP at $43.44 billion and everyones favorite meme coin DOGE at $15.73 billion.

Bitcoin and ethereum's combined crypto market dominance has fluctuated over the years. But it has trended steadily higher since late 2022.

Ethereum's market cap of $370.71 billion is similar to some major blue-chip stocks, such as UnitedHealthcare Group (UNH) at $449.60 billion and Mastercard (MA) at $417.85 billion.

Ethereum is a blockchain-based network created to facilitate secure, decentralized financial transactions. The network's native cryptocurrency is ether.

Unlike bitcoin, ethereums programmable blockchain allows users to securely verify and execute code, including smart contracts and decentralized applications. Smart contracts on the ethereum network are software applications that run automatically on the blockchain when certain predetermined conditions are met.

The ethereum network's decentralized nature allows developers to run programs without relying on Big Tech companies or other third parties. Rather than running software on cloud servers housed in massive data centers owned by Google, ethereum users can run applications by leveraging ethereum's large network of small, private computers.

Applications on the ethereum blockchain include gaming, socializing, gambling and decentralized finance options. The ethereum blockchain is also home to the world's most significant nonfungible tokens. NFTs are unique digital creations representing ownership of digital property, such as a work of art, song or video.

Ethereum gas is the fee network users pay to process transactions or use smart contracts on the network. Gas fees are akin to highway tolls. Users pay these fees to use the ethereum blockchain.

The unit of measurement for gas fees is gwei. One gwei equals one billionth of one ETH.

Like bitcoin and other leading cryptocurrencies, ethereum had humble beginnings. Shortly after its launch in July 2015, ETH hit its all-time low of 42 cents in October 2015.

The popularity and trading volumes of cryptocurrencies started to snowball in 2017. ETH prices reached $1,000 for the first time in January 2018. The crypto ultimately peaked at around $1,300 less than two weeks later.

CME Group's announcement that it would launch bitcoin futures contracts drove ethereums 2017 rally. They were the first cryptocurrency-related products offered by a regulated U.S. financial institution.

Enthusiasm for cryptocurrency died down in 2018. That led to one of several crypto winters in the past decade.

The next crypto boom began in 2020. This time, ETH's parabolic rise was partly driven by government shutdowns of sports, casinos, and other leisure and entertainment options. Multiple government stimulus checks also left many Americans with extra disposable income to buy crypto.

Ethereum prices reached $4,891.70 on Nov. 16, 2021. But rising interest rates cooled investor enthusiasm for risk assets in 2022. A string of crypto industry layoffs and bankruptcies weighed on crypto prices, culminating in the bankruptcy of leading cryptocurrency exchange FTX in November 2022. ETH prices dipped below $900 during the 2022 crypto winter.

The ethereum rally resumed in 2023 and into 2024 as investors grew more optimistic about the U.S. economic outlook. The Securities and Exchange Commissions approval of several bitcoin spot ETFs in January 2024 further bolstered ethereum prices.

On May 23, 2024, the SEC approved applications to allow the CBOE, Nasdaq and NYSE to list ether ETFs. The decision affects funds proposed by the following fund houses: Fidelity, Ark 21 Shares, Grayscale, BlackRock, Franklin, Invesco and VanEck.

Since ethereums launch in 2015, there's no question that bitcoin and ETH have been spectacular investments.

The past years enthusiasm for bitcoin spot ETFs has reversed the performance gap between the two major cryptos. The price of bitcoin is up 89% year over year, compared to a 61% gain for ethereum.

You can buy ethereum on popular cryptocurrency exchanges like Binance, Coinbase and Kraken. Ethereum trades under the symbol ETH. There are also online brokerages that support cryptocurrency trading, such as Robinhood, Interactive Brokers and Webull.

In addition, you can buy ethereum through leading payment apps Venmo and PayPal. Finally, ethereum can be bought directly by searching for a physical cryptocurrency ATM that sells ether.

Anyone buying ethereum directly must store their ETH in a cryptocurrency wallet. This is much like storing paper money in a physical wallet.

Private keys are needed to send or receive cryptocurrency in a digital wallet. The person who controls a wallet's private keys controls all the cryptocurrency associated with the wallet.

Ethereum wallets can be hardware wallets resembling USB sticks or software wallet apps that store ETH on a smartphone or another device. Hot wallets are connected to the internet, while cold wallets are not. Hot wallets are generally considered more convenient, but cold wallets can be safer and more secure.

In addition to buying ethereum directly, you can indirectly speculate on the ethereum market via ethereum funds.

The SEC approved the first wave of ethereum futures ETFs in late 2023. These ETFs don't invest in ethereum directly but instead hold ethereum futures contracts. Leading ethereum futures ETFs include the VanEck Ethereum Strategy ETF (EFUT), the ProShares Ether Strategy ETF (EETH) and the Bitwise Ethereum Strategy ETF (AETH).

The popular Grayscale Ethereum Trust (ETHE) tracks the price of ETH. Currently, the fund holds about $11 billion in assets.

In May 2024, the SEC made a landmark decision that would allow ETFs to buy and hold ethereum. A similar decision was made for bitcoin ETFs in January 2024 in terms of spot holdings. The approval of ether ETFs indicates a softening toward some cryptos in their legal fights.

Ethereum does not represent ownership of assets with tangible value and does not generate earnings, revenue or cash flow. ETHs price is determined exclusively by supply and demand. If the popularity of the ethereum network continues to grow in the long term, demand for ethereum will likely grow over time.

Ethereum and other cryptocurrencies are extremely volatile. That makes it difficult to predict how its price will behave. Ethereum has performed exceptionally well overall since its launch in 2015. But past performance is no guarantee of future results.

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Ethereum price today: ETH is up 28% year to date - USA TODAY

Analysts believe that Ethereum ETFs will likely have a smaller market impact than Bitcoin ETFs did.

With spot Ethereum exchange-traded funds (ETFs) expected to launch this month, pundits disagree on what the funds debut will mean for the markets.

Analysts are divided on whether the launch will have the same impact that spot Bitcoin ETFs did, with the price of BTC surging 58% in nine weeks of the funds launching to tag its current all-time high of $73,738.

While some onlookers tip that the launch of spot Ether ETFs will be a groundbreaking event, others anticipate the funds' will debut with more of a whimper than a bang.

Ryan Lee, chief analyst of Bitget Research, told The Defiant that Ethereum ETFs will likely drive lower trading volumes compared to Bitcoin ETFs.

"Bitcoin and Ethereum are two assets with different fundamentals and distinct market appeal, he said. When Ethereum ETFs start trading, ETH will capture about 2.5% of its market cap. If this bull case plays out, spot Ethereum ETF might see $11.55 billion in assets under management."

Galaxy Research also foresees inflows coming at a slower pace for spot Ethereum ETFs when compared to their Bitcoin counterparts.

"We estimate that spot Ethereum ETPs will see approximately $5 billion in net inflows in the first five months of trading," Charles Yu, Vice President of Research at Galaxy wrote.

However, many onlookers have bullish expectations for the price of Ethereum once ETFs debut.

Steno Research predicts that ETH could potentially reach at least $6,500 later this year following the launch of Ether ETFs beating out ETHs previous all-time high by 33%.

Standard Chartered offers an even more bullish forecast, suggesting the approval of spot Ethereum ETFs could bring up to $45 billion in inflows within the first 12 months, potentially driving ETHs price to $8,000 by the end of 2024.

Others, like Jupiter Zheng, partner at HashKey Capital's Liquid Fund, expect the ETF launch news to trigger a brief and modest rally, followed by a strong 'sell-the-news' event.

One factor dampening excitement is the absence of staking rewards from the ETF filings, according to the analysts.

Since September 2022, Ethereum has leveraged Proof of Stake consensus to derive its security from staking. Node operators must lock up at least 32 ETH as collateral to participate in validating transactions and securing the network. In return, stakers receive a share of newly created ETH as rewards.

In May, BlackRock, Grayscale, and Bitwise updated their SEC applications to remove provisions concerning staking. The moves came following dialogue between the prospective issuers and the SEC.

Non-staked Ethereum incurs an opportunity cost by foregoing the benefits of staking rewards, including inflation rewards, priority fees, and MEV income, Lee said. This opportunity cost makes spot Ethereum ETFs less attractive to crypto-savvy institutions However, traditional investment institutions constrained by corporate regulations and legal frameworks can only gain exposure through ETFs and wouldn't face the opportunity cost of staking."

To attract institutional investments, several ETF issuers have announced fee waivers for their spot Ethereum funds.

Franklin Templeton revealed a 0.19% sponsor fee but will waive it for the first $10 billion in assets for six months. Similarly, VanEck announced a 0.20% sponsor fee, which will be waived for the initial $1.5 billion until an unspecified date in 2025.

Notably, both BlackRock and Fidelity haven't disclosed their fees yet.

Meanwhile, the highly anticipated launch of spot Ethereum ETFs has faced delays. Analysts initially expected approval by July 2, but the U.S. Securities and Exchange Commission (SEC) has requested issuers submit revised filings by July 8.

As such, Nate Geraci, co-founder of ETF Institute, predicts the funds will launch during the week of July 15.

The price of ETH is up 1.2% over the past 24 hours, according to CoinGecko.

Related: Data Contradicts Narrative: Ethereum Continues to Dominate Layer 1 Sector

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Will Spot Ethereum ETFs Live Up to the Hype? Analysts Weigh In - The Defiant - DeFi News

The TON Application Chain and Polygon Labs are set to bring Ethereum Virtual Machine (EVM) functionality to the TON ecosystem.

In a July 9 announcement, the TON Applications Chain (TAC) and Polygon announced that the TON L2 had integrated Polygon CDK and the interoperability protocol Agglayer to bring EVM-compatible decentralized applications (DApps) to TAC.

It aims to increase the range of applications available to the TON networksusers, including decentralized finance (DeFi), gaming, and identity solutions.

This collaboration enhances our ability to bridge the gap between TON and Ethereum ecosystems, which should boost DApp integration within Telegram, said TACs CEO Pavel Altukhov in a statement.

By utilizing applications like Wallet in Telegram, the EVM-compatible integration will see Ethereum developers granted access to a large number of users on Telegram, allowing them to implement more real-world crypto applications. Some of the potential use cases cited by the team include DeFi applications, gaming and decentralized identity solutions.

In a July 6 post to X, Messari noted that the number of daily active addresses on the TON network had surpassed Ethereum during the month of June.

TACs founding team includes Curve founder Michael Egerov and the team behind The Open Protocol (TOP), which offers crypto wallet functionality from within the Telegram app.

The statement describes TAC as a layer-2 network built on TON designed to bring EVM-based decentralized applications to TON and Telegram users.

Despite the recent success of the TON ecosystem which has been bolstered by a significant uptick in trading activity of new tokens on the network there has also been a rise in phishing attacks on the blockchain.

Related: Binance integrates USDT on TON, opens transactions

On June 24, SlowMist founder Yu Xian warned the Telegram ecosystem was too free, with phishing links spread through the platforms message groups, airdrops and other deceptive methods.

Although the Telegram messenger typically requires phone numbers to be tied to an account, Xian explained that phishing risks were higher for users with anonymous numbers.

Users of this nature do not have accounts linked to SIM cards, and as such, their accounts can be lost if they are phished by bad actors on the platform.

As of April, Telegram has an estimated 196 million daily active users and 800 million monthly active users,according to BankMyCell.

Magazine Polkadots Indy 500 driver Conor Daly: My dad holds DOT, how mad is that?

Link:

TON and Polygon team up to launch TAC, a new Ethereum L2 - Cointelegraph

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold's editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please .

While the crypto market today is colored with fear and uncertainty, one popular BTC trader now expects a mere 3,000% spike in a certain Ethereum token.

The Ethereum Token RCO Finance (RCOF) has recently caught the interest of Bitcoin (BTC) traders and major investors as a blue-chip crypto. With its advanced AI-based trading platform and strong features, RCOF is set to transform market trading approaches.

In todays market, investors are looking for lucrative alternatives. What makes RCO Finance stand out, leading BTC traders to see it as the next big thing in crypto?

The crypto market has been volatile recently, with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) experiencing significant price fluctuations. Recent data shows the market has dipped, losing over 4.30% of its value, down to around $2.50 trillion as of July 5th.

Whats behind this unexpected turn of events? A few key factors are at play:

The crypto market has taken a hiatus recently, but its still way up from where it started the year, especially for big names like Bitcoin and Ethereum. All the ups and downs have many folks looking beyond those two, though, searching for cryptos that could offer both growth and a smoother ride.

RCO Finance has swiftly captured a significant market share through innovations in risk management and automated trading. The company appeals to experienced traders and newcomers by leveraging advanced crypto AI technology.

The native Ethereum token, RCOF, provides its holders with exceptional utility. It can be used for transactions and staking within the platform, granting users benefits such as priority support, reduced transaction fees, and governance voting rights.

Covered with a robust tokenomics model, the RCOF Ethereum token is designed to ensure project sustainability and prevent market manipulation. It allocates 50% to public sale and locks 12% for liquidity.

RCO Finances unique features make it an attractive option for investors looking for long-term growth potential and stability in the volatile market. These include;

RCO Finance is a reliable trading platform based on a crypto AI robo-advisor with real-time trading data analysis based on ML algorithms. This can be particularly helpful to traders by outlining important trends and profitable possibilities that may not be overturned.

In a nutshell, the crypto AI technology eliminates guesswork from trading as investors can make informed decisions.

Beyond its innovative trading solutions, RCO Finance allows investors to diversify their portfolios by including shares, bonds, physical commodities, and futures in their investment mix. This broader investment strategy sets RCO Finance apart from other DeFi platforms, offering crypto traders the opportunity to mitigate risks and stabilize returns during market fluctuations.

Security is of utmost importance at RCO Finance. The platform employs stringent security measures and is regularly audited by SolidProof to maintain its integrity. Integration with Fireblocks adds an extra layer of protection, making it a secure option for cryptocurrency traders. Additionally, RCO Finance adheres to a non-KYC policy, ensuring user anonymity while diligently monitoring all accounts to uphold platform integrity.

The Bitcoin (BTC) trader has shown interest in shifting his focus to the RCOF Ethereum token due to its unique growth potential. However, on presale, the Bitcoin (BTC) trader has shared the potential timeline for when the token could see a 3,000% rise:

RCO Finances public presale has sparked significant interest. In its initial phase, RCOF Ethereum tokens are offered at just $0.0127 each, with a promotional code RCOF40 providing a 40% bonus.

The Bitcoin (BTC) trader believes the token may trade at exchanges at $0.4 $0.6, which could generate up to 3000% returns for first-round investors. This means that an investment of $150 may grow to an outstanding $1500 when listed.

Take advantage of the RCOF Ethereum token presale as the Bitcoin (BTC) trader monitors its progress closely.

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

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Top Bitcoin (BTC) Trader Shows Timeline for When this Ethereum Token Will Rise 3,000% - Finbold - Finance in Bold