Ethereum (ETH), the second-largest cryptocurrency, currently trades around ₹196,800 (approximately $2,360). It's the backbone for a vast ecosystem of decentralized applications (dApps) and NFTs.
ETH's price is sensitive to network upgrades, such as the recent Pectra upgrade on May 7, 2025, which aims to enhance scalability and user experience. Broader market sentiment, regulatory developments, and the growth of DeFi also significantly influence its value. While often correlated with Bitcoin, Ethereum's utility in powering decentralized technologies gives it unique growth potential and market dynamics. Its ongoing evolution and adoption in various sectors solidify its position in the crypto space.
