$ETH As of January 28, 2025, Ethereum (ETH) is trading at approximately $3,192.59, reflecting a slight increase of 0.039% from the previous close. The day's trading range has seen a high of $3,221.19 and a low of $3,069.69.

Throughout January, Ethereum has experienced a decline of nearly 7%, contrasting with Bitcoin's upward trend. This decrease has been attributed to increased competition from platforms like Solana, which offer enhanced scalability and lower transaction costs. Notably, the launch of memecoins such as $TRUMP and $MELANIA on the Solana network has attracted investors, further impacting Ethereum's market position.

Despite these challenges, historical data indicates that February and March have traditionally been strong months for Ethereum, suggesting potential for recovery in the near future.

In response to the current market dynamics, Ethereum's co-founder, Vitalik Buterin, has announced significant changes aimed at improving the network and restoring investor confidence.