Ethereum, a decentralized network, comprises of its own currency and coding language that enables the creation of dApps (Decentralized application). Nodes are used to help distribute and democratize Ethereum's system. Ether is the digital currency used on this network and Ethereum price is determined through a social consensus.
The blockchain-based platform aims to make intermediaries obsolete with the use of smart contracts. These contracts enable reliable transactions without the need for a third party.
Ether Price factors
Its selling and bidding price determines the value of ETH.
ETH price, like any other currency, is determined by the supply and demand of Ethereum's services.
Competing currencies also influence this value.
All updates related to Ethereum price and its trends can be found in this section.
Chaintimes's ETH to USD converter.