Ethereum (ETH) Trading 8.9% Lower This Week

Ethereum (ETH) traded up 1.5% against the dollar during the 1-day period ending at 13:00 PM Eastern on September 7th. Ethereum has a market capitalization of $275.47 billion and $18.53 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can now be purchased for approximately $2,289.51 or 0.04197873 BTC on exchanges. In the last seven days, Ethereum has traded down 8.9% against the dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Cardano (ADA) traded 3.2% higher against the dollar and now trades at $0.33 or 0.00000596 BTC.
• Avalanche (AVAX) traded up 3.8% against the dollar and now trades at $21.79 or 0.00039960 BTC.
• NEAR Protocol (NEAR) traded 4.3% higher against the dollar and now trades at $3.73 or 0.00006845 BTC.
• Uniswap (UNI) traded up 6.6% against the dollar and now trades at $6.50 or 0.00011914 BTC.
• Internet Computer (ICP) traded 1.1% higher against the dollar and now trades at $7.10 or 0.00013026 BTC.
• Cronos (CRO) traded up 2% against the dollar and now trades at $0.0766 or 0.00000140 BTC.
• Hedera (HBAR) traded 3.1% higher against the dollar and now trades at $0.0486 or 0.00000089 BTC.
• Cosmos (ATOM) traded 3.4% lower against the dollar and now trades at $3.71 or 0.00006794 BTC.
• Fetch.ai (FET) traded up 1.2% against the dollar and now trades at $1.07 or 0.00001971 BTC.
• Algorand (ALGO) traded 4.5% higher against the dollar and now trades at $0.12 or 0.00000223 BTC.

Ethereum 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 120,319,073 coins. Ethereum’s official website is www.ethereum.org. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. Ethereum’s official message board is forum.ethereum.org. The Reddit community for Ethereum is https://reddit.com/r/ethereum and the currency’s Github account can be viewed here.

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.”

Ethereum Coin Trading

Investors seeking to trade Ethereum using U.S. dollars directly can do so using Changelly, GDAX or Coinbase.

ETH/USD price chart by TradingView