Ethereum (ETH) Price

Ethereum is a decentralized public blockchain network with smart contracts functionality. It was designed to be scalable, secure, programmable, and decentralized. The platform was created by Russian/Canadian software engineer, Vitalik Buterin and co-founders on July 30, 2015.

Ethereum is designed to enable the development of decentralized applications (dApps) and it’s currently the lifeblood of the global DeFi ecosystem.  

Ethereum’s native crypto ether (ETH), is the second-largest cryptocurrency in the world by market cap.  

Ether (ETH) Price History 

Ethereum was valued at under $1 throughout 2015 and did not experience much volatility throughout the year. In 2016, investors started noticing ether (ETH) and before long, the price reached $2. After much back and forth, the price of ether (ETH) closed at around $8 that year. 

ETH experienced its first breakthrough in 2017, massively benefiting from the social media hype. The price enjoyed massive volatility and closed the year around $772. In 2018, calls for regulation by central banks soared its reputation and was selling at $1,396 by January 12. The price however dipped throughout the year, it finished the year selling at $141.

In 2020, the covid-19 pandemic affected the world economy, stifling the USD to the benefit of ETH. The price hovered around $600 and experienced little volatility throughout the year.

The NFT market gained global attention in 2021 and ETH being the most used coin in minting, buying, and trading NFTs also experienced a massive leap. As per the latest ETH news, the coin soared to $4000 around May and, reached an all-time-high (ATH) of $4,800 in November.

The crypto winter of 2022 caused by the war in Ukraine and the global economic downturn also affected the price of ETH adversely. The price of ETH is currently hovering around $1,1723. Follow crypto.news for the latest information on Ethereum’s market performance.