#ETHBreaksATH The rise and fall of ethereum: what is its cost this August 23

Ethereum was launched in 2015 by programmer Vitalik Buterin, with the intention of promoting a tool for decentralized and collaborative applications

By

Armando Montes

Aug 23, 2025 05:45 a.m. EST

Ether is the token of

Ether is the token of Ethereum, a network based on blockchain technology that serves as the foundation for famous smart contracts. (Infobae)

Ethereum is a digital platform that adopts blockchain technology and expands its use to a wide variety of applications, while ether is its native cryptocurrency. In the world of digital finance, it is common for the cryptocurrency to be called by the name of the network, although in reality, they are not the same.

The ethereum platform, created in 2015 by programmer Vitalik Buterin, aimed to be a tool for decentralized and collaborative applications on which smart contracts (dAPPs) can be made.

Like bitcoin, the value of ether skyrocketed in a short period of time. In January 2016, ether was trading at around one dollar and currently has an all-time high of 4891.7 units.

Quotation of the cryptocurrency ethereum

The quotation of ethereum for this day at 09:30 hours (UTC) is 4716.68 dollars, which means that the cryptocurrency had a change of 9.14% in the last 24 hours.$ETH