To see the current Ethereum price, please click here.
Similar to Bitcoin, Ethereum is not issued by a bank or backed by a government, therefore, inflation rates and monetary policy are not applicable in evaluating why its price goes up or down.
Traders and investors need to use fundamental analysis in order to make the best possible prediction of its future price. There are many factors that can drive Ethereum price fluctuations; here are the two main influencers:
1. Supply and Demand
Ethereum price is dependent on the market perceived value. If more people want to buy Ethereum, the price will increase. On the other hand, if more people want to sell, the price will decrease.
2. Competition
While Bitcoin is very popular, traders can choose to invest in hundreds of other cryptocurrencies or “altcoins” available.
Interested to buy Ethereum? Check the Market Now: https://www.bitkub.com/market/ETH
For questions and inquiries, please feel free to contact us.
Bitkub Exchange
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