Ethereum Price Reaches $1,973.31 (ETH)

Ethereum (ETH) traded 1.9% lower against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on June 1st. Ethereum has a total market cap of $238.15 billion and $17.08 billion worth of Ethereum was traded on exchanges in the last day. During the last seven days, Ethereum has traded 7.1% lower against the U.S. dollar. One Ethereum coin can currently be bought for approximately $1,973.31 or 0.02767887 BTC on exchanges.

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

• Cardano (ADA) traded down 3.3% against the dollar and now trades at $0.23 or 0.00000318 BTC.
• Cronos (CRO) traded 3.1% lower against the dollar and now trades at $0.0656 or 0.00000092 BTC.
• Hedera (HBAR) traded 3% lower against the dollar and now trades at $0.0928 or 0.00000130 BTC.
• Avalanche (AVAX) traded down 1.9% against the dollar and now trades at $8.74 or 0.00012255 BTC.
• NEAR Protocol (NEAR) traded 4.1% higher against the dollar and now trades at $2.43 or 0.00003408 BTC.
• Uniswap (UNI) traded down 2.6% against the dollar and now trades at $2.92 or 0.00004101 BTC.
• Internet Computer (ICP) traded up 6.5% against the dollar and now trades at $2.84 or 0.00003984 BTC.
• Algorand (ALGO) traded down 8.7% against the dollar and now trades at $0.12 or 0.00000165 BTC.
• Cosmos (ATOM) traded down 2.1% against the dollar and now trades at $1.91 or 0.00002679 BTC.
• Fetch.ai (FET) traded down 1.3% against the dollar and now trades at $0.27 or 0.00000372 BTC.

Ethereum Coin Profile

Ethereum (CRYPTO:ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. Its launch date was July 30th, 2015. Ethereum’s total supply is 120,685,210 coins. Ethereum’s official website is www.ethereum.org. The Reddit community for Ethereum is https://reddit.com/r/ethereum and the currency’s Github account can be viewed here. Ethereum’s official message board is forum.ethereum.org. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible 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 initially gained recognition through initial coin offerings (ICOs).”

Ethereum Coin Trading

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

ETH/USD price chart by TradingView