$ETH When you see "$ETH," it's referring to Ether, the cryptocurrency that powers the Ethereum blockchain. Here's a breakdown:

* Ethereum:

* Ethereum is a decentralized, open-source blockchain platform.

* It's known for its smart contract functionality, which enables developers to build decentralized applications (dApps).

* Ether (ETH):

* ETH is the native cryptocurrency of the Ethereum network.

* It's used to pay for transaction fees (gas fees) and computational services on the Ethereum blockchain.

* It's also traded as a digital asset on cryptocurrency exchanges.

* It is the second largest crypto currency by market cap, only second to Bitcoin.

In essence, ETH is the fuel that makes the Ethereum network run.