$ETH Ethereum (ETH) is currently trading at around $2,748.25, with an 8.39% increase in the last 24 hours. Here's a breakdown of its market status¹:
- *Current Price*: $2,748.25
- *Market Cap*: $330.2 billion
- *24-hour Volume*: $24.77 billion
- *Circulating Supply*: 120.72 million ETH
- *All-time High*: $4,891.70 (reached on November 16, 2021)
Some key features of Ethereum include:
- *Decentralized Platform*: Ethereum is an open-source blockchain platform that enables the creation of decentralized applications (dApps) and smart contracts.
- *Smart Contract Functionality*: Ethereum's smart contracts allow for the automation of various processes and transactions, making it a popular choice for developers.
- *Non-Deflationary*: Unlike Bitcoin, Ethereum's total supply is not limited, which allows the network to maintain a minimum issuance rate for security purposes.
Recent news and trends surrounding Ethereum include²:
- *Ethereum ETFs*: Ethereum exchange-traded funds (ETFs) have seen 15 consecutive days of net inflows, indicating growing institutional interest in the asset.
- *Staking*: Ethereum staking has reached a record high, with nearly 28% of the total ETH supply currently staked.
- *Price Predictions*: Analysts are watching the $2,540 level for potential price movements, with some predicting a continued surge in Ethereum's value.
