Ethereum (ETH) is currently trading at $4,600.75, which represents a decrease of 0.85% compared to the previous price. Although it recently approached $4,700, the current price is below that mark.

*Current price of Ethereum:*

- *Price*: $4,600.75

- *Change*: -0.85%

- *Opening price*: $4,640.01

- *Highest price*: $4,755.00

- *Lowest price*: $4,592.56

*Factors influencing the price of Ethereum:*

- *Cryptocurrency market*: The price of Ethereum is influenced by the cryptocurrency market as a whole, including the demand and supply of digital assets.

- *Technology adoption*: The adoption of blockchain technology and smart contracts can also impact the price of Ethereum.

- *Competition*: Competition with other cryptocurrencies and blockchain platforms may affect the demand for Ethereum ¹ ²

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