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Ethereum Price

Definition

The Ethereum price refers to the current market value of Ether (ETH), the native cryptocurrency of the Ethereum blockchain. This price is determined by the forces of supply and demand on various cryptocurrency exchanges globally. Fluctuations in the Ethereum price are influenced by a multitude of factors, including network upgrades, adoption rates of decentralized applications, macroeconomic trends, and investor sentiment. Understanding its dynamics is crucial for assessing the health and trajectory of the broader decentralized ecosystem.