How much is Ethereum? What determines its price?

To see 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 is 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 guess 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. 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 cryptocurrency or “altcoins” available