$ETH O Ethereum (ETH) is the second largest cryptocurrency by market value, behind only Bitcoin. Today, ETH continues to be the main foundation for smart contracts and decentralized applications (DApps), driving sectors such as decentralized finance (DeFi), NFTs, and the metaverse.
The price of ETH varies according to demand, institutional adoption, and updates to the network, such as the transition to Ethereum 2.0, which brought greater scalability and energy efficiency with the shift to the proof-of-stake (PoS) model.
Additionally, ETH is used to pay transaction fees (gas fees) on the Ethereum network. Its relevance in the blockchain ecosystem keeps ETH as one of the most important and versatile digital assets in the market.