As of January 19, 2025, at 15:04 PM (UTC), it is trading at 3,405.790039 USDT, reflecting a 3.54% increase in the last 24 hours. #ETH
Ethereum (ETH) has indeed shown a significant increase, surpassing the 3,400 USDT mark.
To understand the percentage increase, we can calculate it based on the previous price before the increase. If we denote the previous price as P, the formula for percentage increase is:
Percentage Increase = ((New Price - Old Price) / Old Price) * 100
Given that the new price is 3,405.790039 USDT and the percentage increase is 3.54%, we can rearrange the formula to find the old price:
3.54 = ((3,405.790039 - P) / P) * 100
This can be simplified to:
0.0354 = (3,405.790039 - P) / P
Multiplying both sides by P gives:
0.0354P = 3,405.790039 - P
Rearranging this leads to:
P + 0.0354P = 3,405.790039
1.0354P = 3,405.790039
Now, dividing both sides by 1.0354 gives:
P = 3,405.790039 / 1.0354
P ≈ 3,287.74 USDT
So, the previous price before the increase was approximately 3,287.74 USDT.
In summary, Ethereum is currently trading at 3,405.790039 USDT after a 3.54% increase from a previous price of around 3,287.74 USDT.
