$ETH

As of Wednesday, April 23, 2025, the current value of one Ethereum (ETH) coin is around $1,798.

Here's a more detailed look:

* Current Price (USD): Approximately $1,798. This figure can fluctuate in real-time.

* 24-Hour Price Change: Ethereum has seen a significant increase in the last 24 hours, with percentage changes ranging from approximately +9.86% to +10.74% across different sources.

* Market Capitalization: The market cap of Ethereum is substantial, sitting around $216 - $217 Billion USD. This makes it the second-largest cryptocurrency by market capitalization, only behind Bitcoin.

* 24-Hour Trading Volume: The trading volume for Ethereum in the last 24 hours is also high, around $26 - $27 Billion USD, indicating significant activity in the market.

* Circulating Supply: There are approximately 120.71 million ETH coins currently in circulation.

Historical Context and Influences on Price:

* Ethereum's price is driven by global supply and demand in a decentralized market.

* Factors such as blockchain upgrades (like the recent transition to proof-of-stake in 2022), adoption trends in decentralized applications (dApps) and smart contracts, and overall market sentiment significantly influence its price.

* Ethereum reached its all-time high in November 2021, soaring above $4,800 USD.

* Like other cryptocurrencies, Ethereum's price can be quite volatile in the short term.

Additional Information:

* Ethereum was publicly launched in July 2015, introducing the concept of smart contracts.

* Unlike Bitcoin, Ethereum does not have a fixed maximum supply.

* The Ethereum network is continuously undergoing upgrades to improve scalability, security, and efficiency. The Pectra upgrade is set to deploy around May 7, 2025, focusing on these enhancements.

It's important to remember that the cryptocurrency market is highly dynamic, and the value of ETH can change rapidly. For the most up-to-the-minute price, you would typically refer to live cryptocurrency exchanges or financial tracking websites.