Ethereum (ETH) Crypto Review 2024: Complete Guide

€ 2,719.7452

-1.4338026022
Dernière mise à jour à 19:02:05 UTC
Market Cap
€ 326,819,579,554.81
Fully Diluted Market Cap
€ 326,819,579,554.81
Volume
€ 8,640,033,128.49
Circulating Supply
120,165,512.39 ETH

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Last updated at 19:15:05 UTC

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For several years, the word Bitcoin has been on everyone’s lips. However, Bitcoin, the leader of cryptocurrencies faces a major rival: Ethereum. Thanks to its second place in terms of market capitalization, buying Ethereum is a promising investment.

But before knowing where to buy Ethereum, it is essential to understand how it works and its growth prospects . Discover our Ethereum crypto review, a guide that will help you understand the eth price, its history, its design and how to buy Ethereum .

Everything you need to know about the Ethereum price

Less known than Bitcoin , Ethereum nevertheless firmly occupies the place of the second largest crypto in the world. But what is Ethereum? How is the Ethereum price performing? Discover a guide to the price of Ethereum below.

What is Ethereum (ETH)?

Ethereum… but what is behind this name? Discover some Ethereum crypto fundamentals as well as historical elements below.

First, let’s go back to the launch date of the Ethereum crypto, officially in 2013. It’s Vitalik Buterin, a Canadian developer of Russian origin who unveils the Ethereum network project through a whitepaper.

The Ethereum blockchain finally sees the light of day a year later, following crowdfunding estimated at 30,000 bitcoins . However, it is fair to say that the first version of the Ethereum project was initially titled “ Frontier ”. At the time, the 19-year-old developer was already driven by a certain desire to upset the financial market by means of the Internet.

Ethereum-eth

To concretely answer the question, “ what is Ethereum? ”: It is a decentralized blockchain platform giving programmers the possibility of writing smart contracts. Additionally, the Ethereum crypto has become a global innovation since its release, with its blockchain also facilitating the creation of multiple Dapps (decentralized applications).

  • Ethereum issues its own cryptocurrency , Ether, abbreviated ETH. The ETH price has enjoyed great success since its launch phase, still in second position after Bitcoin.
  • Ethereum is not a cryptocurrency in the strict sense of the word. It is therefore by misuse of language that some use the expressions Ethereum crypto, buy Ethereum and Ethereum euro price.

How does Ethereum work?

Ethereum uses blockchain technology in the same way as Bitcoin. Ethereum crypto can also be used to make payments. In addition, the ETH protocol makes it possible to create smart contracts that are not controlled by third-party entities.

Ethereum

The blockchain is similar to a public register benefiting from a regular update making it possible to avoid false financial transactions without having to resort to a bank. It is a tamper-proof storage technology . The blockchain also maintains the history of all transactions.

  • The Ethereum blockchain: Users of the Ethereum blockchain can verify transactions to their wallets. A function made possible thanks to its peer-to-peer network. In practice, multiple computers continuously record the state of the blockchain before releasing the results to the world. In this way, all nodes in the network team up to ensure the security of the blockchain.
  • Smart contracts: Despite practically similar blockchains, the main difference between the BTC price and the ETH price lies in the smart contracts. It is a computer-based mechanism that uses an innovative process to remove intermediaries to facilitate reliable and transparent transactions without intermediaries.
  • Security of exchanges: Thanks to smart contracts, selling and buying Ethereum become more secure transactions. Thus, the cryptocurrency trader is guaranteed to gain possession of his cryptocurrencies on the indicated date. To check the status of the transaction, he will simply have to consult the smart contract code.
  • Participation in ICOs (Initial Coin Offering): In line with the ERC20 standard of the Ethereum crypto network, other programmers can issue a new version of this token. Even more, they have the possibility of raising funds through ICOs (Initial Coin Offering). In other words, the platform offers token issuers the power to create rare digital assets.

Where to buy Ethereum (ETH)?

Eth-ethereum

The cryptocurrency Ether (ETH) is available for purchase on many popular exchanges, including Coinbase and Binance. On most of these exchanges , you will be able to know the price of Ethereum by regularly following the ETH price.

Coinbase

  • Regulated exchange
  • An easy-to-use platform
  • Free crypto training offered

However, our Ethereum crypto review focuses on eToro.com , a real reference for buying Ethereum. Indeed, the platform ranks on the list of the most reliable online brokers in the sector thanks to its PSAN registration with the AMF as well as its CySEC, FCA and ASIC regulations.

Logo eToro

In its portfolio of offers and services, eToro supports many cryptocurrencies . The platform is also particularly interesting for investments in indices and stocks. The minimum capital is only €100.

Here are the steps to follow to buy Ethereum on eToro:

eToro

  • Number 1 copy trading platform
  • Integrated social network for traders
  • Trading cryptocurrency CFDs

Step 1 – Create an account on the crypto trading platform

Go to eToro.com to create your account . First of all, simply click on “Start investing” or on the button located at the top right “Register”. In both cases, you will need to fill out a form including username, email and password.

Step 2 – Make the first deposit of funds

Make the first deposit on eToro with a minimum amount of €100. You can use a credit card for the transaction or choose from the other payment methods offered. Choose the currency of your fiat currency deposit (euros or dollars) as well as the amount to transfer.

Step 3 – Search for Ether (ETH) in the list of cryptocurrencies

Proceed to search for the Ethereum crypto in the list provided by the broker . Click on Ethereum after finding it before validating the “  Trade  ” button. Then you choose the wallet that will receive your cryptos.

Step 4 – Buy Ethereum on the online platform

In the corresponding box, you will need to indicate the amount you wish to invest in Ethereum. Click the “  Open Trade  ” button to start trading. All that remains is to bring the purchase confirmation with a click on “  Validate  ”.

Ethereum Fear and Greed Index

Updated:: 23 February 2024

Now: 79 Extreme Greed

Now: 79 Extreme Greed

Yesterday: 78 Extreme Greed

Last Week: 70 Greed

The crypto market has been on a tear over the past few weeks, gaining over 65% in market capitalization. Ethereum has benefited from the rally and there’s reason to believe this is just the beginning of an extensive bull run. How do we know this? Because the fear and greed index indicates that investor sentiment is leaning toward ‘greed’ rather than ‘fear’. 

The index is used to gauge investors’ attitudes regarding market conditions at the time. It’s currently indicating ‘greed’ because investors are bullish on crypto, meaning that prices are likely to keep climbing as more buyers enter the market. This is a signal to be bullish, and Ethereum is particularly hot with experts like Cathie Wood expecting that it will outperform Bitcoin. 

Tools like the Fear and Greed Index are essential for all investors because they are a guide on how you should be investing. Add to that, you can also use it to determine the right time to exit your position such as when the index shifts in the opposite direction. 

In short, the index is a reliable compass showing you the general market direction so that you can find the best investment opportunities in the crypto market.

Buying Ethereum in 2024, is it a good investment?

Now that you know where and how to buy Ethereum , we still have to look at its news and its growth prospects. Even if several analysts agree that it is not too late to invest in Ethereum , the ETH crypto has been stagnating for a while. So, should you still buy Ethereum ? If we take into account the ratio between its advantages and disadvantages, then our Ethereum crypto review answers yes to this question.

Growth potential of Ether

Eth price

Investing in Ethereum crypto can prove profitable for traders who use the right methods. Indeed, the ETH price continues to increase over the years.

  • Ethereum was listed in 2015 at around $1 , it was not until 2016 that the crypto saw significant increases. The Ethereum price then continued to soar to nearly $1,400 in 2018 before suffering the bear market of 2019 for a return to around $100.
  • However, the market boom in the period 2020 – 2021 drove the price of Ethereum to over $4,500 . A new stock market crisis disrupted the market in 2022 by bringing the ETH price below $1,500 without, however, crossing the critical threshold of $1,000 .

On sites or applications like Coinmarketcap or Coingecko , you can follow the evolution of the Ethereum price in EUR ! This Ethereum course is live , in real time. This makes it possible to follow the evolution of the token, its course and therefore, to make the right decisions, at the right time.

In our opinion, buying Ethereum can still prove beneficial as major changes have been completed for its network. Notably The Merge and the establishment of Ethereum 2.0 , a new validation protocol towards Proof of Stake, which spends less energy than Proof of Work .

Advantages and disadvantages of Ethereum

Like all protocols and cryptocurrencies, Ethereum and Ether have many advantages, but also limitations in their operation.

  • Pioneer in the creation of smart contracts and DApps
  • Complete blockchain giving free access to developers to design any type of DApps
  • Popular with project leaders while enjoying a good lead over the competition
  • Solid foundations of the project, particularly at the community level
  • Persistent problems with extensibility and scalability
  • Complexity of the Solidity design language while the competition develops decentralized applications without resorting to learning a new language

The History of Ethereum

As previously highlighted, Russian-Canadian developer Vitalik Buterin launched Ethereum in 2013. He published a white paper outlining the concept of his blockchain. But the story does not end there.

  • Ethereum was listed in 2015 at around $1 , it was not until 2016 that the crypto saw significant increases. The Ethereum price then continued to soar to nearly $1,400 in 2018 before suffering the bear market of 2019 for a return to around $100.
  • However, the market boom in the period 2020 – 2021 drove the price of Ethereum to over $4,500 . A new stock market crisis disrupted the market in 2022 by bringing the ETH price below $1,500 without, however, crossing the critical threshold of $1,000 .

However, after necessary adjustments, Ethereum started gaining momentum and experienced rapid growth in its developer community due to its advanced features and support for smart contracts. This integration allows Ethereum users to write programs or contracts that run on the network using the Solidity programming language protocol .

  • In July 2015, the first version of Ethereum was launched, known as Frontier. This version was intended for developers who wanted to experiment with the Ethereum blockchain.
  • A few months later, in October 2015, Homestead , the second version of Ethereum, was launched. This version was more stable and was aimed at end users.

In 2017, Ethereum experienced a major spike in growth thanks to the explosion in popularity of Initial Coin Offerings (ICOs), which needed a reliable platform to support their fundraising.

Why was Ethereum designed?

Ethereum crypto is gaining the attention of investors due to its advantageous features. Its blockchain is primarily based on the use of smart contracts for secure and decentralized exchanges. Before knowing how to buy Ethereum crypto , we must discover the reasons for its design.

Ethereum guide
  • Creation and management of decentralized applications: With Ethereum, developers can decentralize many services. Thanks to the platform’s Dapps creation functionality, third-party services disappear to make the end user happy. As a result, decentralized applications contain code that handles transactions on the Ethereum blockchain.
  • Construction of Decentralized Autonomous Organizations: The creation of DAOs is also part of the purposes of Ethereum. It is the abbreviation of decentralized autonomous organizations, in other words, entities having several leaders. Indeed, DAOs have a programming code that limits the need for personnel on the blockchain. As a result, this code fills the need for centralized management as well as the rules of organization of a classic blockchain.
  • Automatic execution of smart contracts: The Ethereum platform is easy to use for Dapps developers while guaranteeing the speed of transaction processing. In addition, the job does not require human intervention since the execution of smart contracts is automatic. Features that allow Ethereum to remain at the forefront of platforms for launching decentralized applications.

History of the ETH project

The Ethereum white paper was written in 2013. Then in 2014, the blockchain was officially launched. One of the main contributors to Ethereum is Vitalik Buterin . Who is Vitalik Buterin? Unlike the Satoshi Nakamoto mystery , the character of Vitalik Buterin is very well known in the cryptosphere.

Vitalik Buterin built his crypto legend with Ethereum. It must be said that he was only 19 years old when he created the crypto ETH. Less than ten years later, in 2021, Vitalik Buterin became a billionaire at just 27 years old by owning the equivalent of $1.1 billion in Ether . If he is technically no longer a billionaire at the moment given the fall in the price of Ethereum in 2022, this does not detract from Vitalik Buterin’s talents.

To give a quick summary of the character, you should know that Vitalik Buterin was born in Russia in Kolomna. Then, at the age of 6, he emigrated to Canada with his parents. After high school in Toronto, he joined the University of Waterloo (Ontario) in 2012. The story goes that it was his father who introduced him to cryptos, which was a good thing for him! In 2013, he created the Bitcoin Magazine with Mihai Alisie. Vitalik Buterin’s real turn towards cryptos came in 2014 when he decided to abandon his studies to embark on the adventure… Ethereum!

The characteristics of the Ethereum blockchain

Ethereum is a separate blockchain that has many characteristics. Currently, it uses the same protocol for mining as that of Bitcoin, namely Proof-Of-Work or POW. This protocol consists of putting all miners in competition when a block is

For several years, the developers of the zvec the POS, the developers of Ethereum have hoped to boost its capabilities in terms of transactions (scalability). The arrival of the POS is part of the 2.0 evolution of Ethereum which officially became operational in 2022 .

Another important feature of the Ethereum blockchain is related to its ability to execute smart contracts. As a reminder, a smart contract is a computer program that allows the Dapp to operate autonomously. On the ETH blockchain, these smart contracts are coded in Serenity, a computer language close to C++ for example. Ethereum has its “machine” called (EVM, Ethereum Virtual Machine) which allows these smart contracts to be read and executed.

How many Ethereum are currently in circulation?

Unlike Bitcoin, the Ethereum network does not (ultimately) set a limit on the number of coins in circulation. In other words, there is no cap on the number of coins in the market. Currently, the number of Ether coins in circulation is 120,149,688 ETH.

Does this mean that the Ethereum network is on an inflationary logic? Indeed, with a permanently increasing supply, the price of Ethereum could lose its value depending on demand. No ! As explained in the article Bitcoin Price 2024, Bitcoin has chosen to prevent this phenomenon by limiting its supply.

The Ethereum crypto, for its part, plays on what is called “burn” . The network removes from circulation (or “burn”) a certain number of tokens in circulation. This allows the network to control the ratio between supply and demand. In particular, Ether coins used to pay transaction fees (very high at the moment on Ethereum) are burned.

The price of Ethereum

The Ethereum price has experienced several significant variations since its launch in 2014. Take a look the current price of Ethereum at the top of this page.

The price of Ethereum in 2024

The second-largest cryptocurrency by market capitalization, Ethereum, is known for being a blockchain platform that enables the execution of smart contracts and decentralized applications (DApps). Ethereum prices are influenced by factors such as market demand, technological developments, and trends in the cryptocurrency ecosystem. It is recommended to check updated sources for accurate and recent information on the price of Ethereum.

Our final opinion on Ethereum

All in all, our Ethereum crypto review is quite positive. It is still the second most promising cryptocurrency in the financial market in terms of market capitalization. Thanks to the creation of smart contracts, you can buy Ethereum in CFDs on a reliable platform in complete safety.

Remember that the crypto was worth less than $10 in its early days . For a while, Ether has not experienced a drop below $1000, and this trend may accelerate.

As a pioneering smart contract blockchain , Ethereum is a trusted network for crypto games, NFTs and many DApps. Apart from the reduction in transaction costs, the other advantages of Ethereum are based on its flexibility and its ability to adapt to changing demand.

Binance

  • Low fees
  • One of the largest crypto exchanges
  • Fee discount for using native BNB

Ethereum FAQs

What is Ethereum?

Ethereum is a blockchain focused on smart contract technology. These are tools that allow you to manage programmable transactions autonomously. The native cryptocurrency of Ethereum is Ethereum (ETH)! It can be traded on any cryptocurrency purchase and resale platform.

Who created Ethereum?

Even though it is the name of Vitalik Buterin that is constantly highlighted today, the creation of the Ethereum project results from the participation of renowned programmers, including: Dr. Gavin Wood, Charles Hoskinson, Anthony Di Lorio and Mihai Alisie .

What value can Ethereum reach?

It is difficult to predict the value of Ethereum in the years to come. The market is driven by supply and demand, which leaves us dependent on the needs of investors, legislative developments, etc. However, some specialized sites estimate that ETH can reach 6,500 USD by 2025, thanks to the next halving, which could cause the cryptocurrency to enter a “bull” cycle.

What is the annual production capacity of the Ethereum network?

Unlike most virtual currencies, the Ethereum network continues to develop its programs. The main goal is to increase the technological power of its blockchain. It should be noted that the production capacity of the system is approximately 20 million Ether (ETH) each year.

Is Ethereum the origin of other cryptocurrencies besides Ether?

Thanks to smart contracts, the Ethereum blockchain constitutes a solid basis for the development of certain cryptocurrencies. Among the cryptos from the network, Augure, VeChain, Augur, Brave and Civic should be noted.

About the author

Fleming Airunugba

Fleming Airunugba has been learning about cryptocurrency and blockchain since 2017. He first began as a small investor and soon became passionate about the industry, the technological innovation and the evolution that it could bring to the world. He believes Bitcoin is the natural currency of the internet. Fleming has been an educational content writer in the crypto space for several years and aims at accurately delivering complex concepts.