Ethereum Price Reaches $3,132.96 on Major Exchanges (ETH)

Ethereum (ETH) traded down 0.1% against the US dollar during the 1-day period ending at 8:00 AM Eastern on May 6th. In the last week, Ethereum has traded 1% lower against the US dollar. Ethereum has a market capitalization of $376.27 billion and approximately $10.19 billion worth of Ethereum was traded on exchanges in the last day. One Ethereum coin can now be bought for about $3,132.96 or 0.04886263 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Cardano (ADA) traded 1.4% higher against the dollar and now trades at $0.46 or 0.00000723 BTC.
• Avalanche (AVAX) traded 3.2% higher against the dollar and now trades at $38.12 or 0.00059453 BTC.
• NEAR Protocol (NEAR) traded up 3.9% against the dollar and now trades at $7.40 or 0.00011542 BTC.
• Internet Computer (ICP) traded 3.5% higher against the dollar and now trades at $13.35 or 0.00020824 BTC.
• Uniswap (UNI) traded up 3% against the dollar and now trades at $7.65 or 0.00011924 BTC.
• Hedera (HBAR) traded up 8.6% against the dollar and now trades at $0.12 or 0.00000184 BTC.
• Cosmos (ATOM) traded up 5.9% against the dollar and now trades at $9.39 or 0.00014638 BTC.
• Cronos (CRO) traded up 0.2% against the dollar and now trades at $0.13 or 0.00000206 BTC.
• Fetch.ai (FET) traded 9.2% higher against the dollar and now trades at $2.41 or 0.00003763 BTC.
• Algorand (ALGO) traded 1.3% higher against the dollar and now trades at $0.20 or 0.00000308 BTC.

Ethereum Coin Profile

Ethereum (ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It launched on July 30th, 2015. Ethereum’s total supply is 120,099,597 coins. The official website for Ethereum is www.ethereum.org. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. The Reddit community for Ethereum is https://reddit.com/r/ethereum and the currency’s Github account can be viewed here. The official message board for Ethereum is forum.ethereum.org.

According to CryptoCompare, “Ethereum is a decentralized platform for building smart contracts and decentralized applications. It has its own cryptocurrency, Ether, and enables users to transact and communicate without the need for a central authority. In contrast to Bitcoin, Ethereum is a general purpose blockchain that can be programmed for a wide range of tasks. It can be used for building apps and organizations, holding assets, and facilitating financial transactions while respecting user privacy and avoiding censorship. ETH, the native cryptocurrency of Ethereum, is used to fuel and secure the network, serve as collateral for the creation of other tokens, and support the Ethereum financial system. It has value as a means of paying transaction fees and as a store of value or tool for decentralized finance. ETH has also gained recognition through initial coin offerings.”

Buying and Selling Ethereum

Investors seeking to acquire Ethereum using US dollars directly can do so using GDAX, Gemini or Coinbase.

ETH/USD price chart by TradingView