Ethereum Euro Price Chart
The Ethereum EUR Live Price & Charts at CAPEX.com features an interactive chart for the price of Ethereum in Euro as well as Ethereum EUR Trading conditions. Ethereum EUR Live Price & Charts can be displayed using a candlestick or a linear chart. You can also look at numerous timeframes from 5 minutes to 1 week to analyze the Ethereum Euro price today.
Why Use Ethereum EUR Price & Charts?
Ethereum EUR Live Price & Charts can be useful in several ways. For those looking to actively speculate on the price of Ethereum Euro, rather than invest for the long-term, price charts are an absolute necessity. Short-term traders or investors may examine Ethereum Euro prices on shorter timeframes, looking for areas of support to buy at and areas of resistance to sell at. Short-term traders or investors may also use charts to try to identify trends in the Ethereum Euro rate to try to take advantage of them.
Long-term investors can also make effective use of Ethereum EUR price and charts. A long-term Ethereum EUR investor may not be interested in a 10 minute or hourly timeframe, but longer timeframes such as daily, weekly, monthly, or yearly charts. Like the short-term trader, long-term Ethereum investors may use charts to try to identify trends in the price of Ethereum in Euro, or they may try to spot potential areas of price support to buy at.
How to Speculate on Today’s Ethereum Euro Price?
Trading Ethereum EUR is a method of speculating on the price of Ethereum in Euro via CFDs (Contracts for difference). Unlike buying Ethereum to hold and store, trading via CFDs means you do not have to take ownership or delivery of the digital currency.
CFDs are leveraged products, which means you can gain full exposure to the price of Ethereum in Euro for a small deposit – called margin. This is not an extra cost to you, but it can make a significant difference to the affordability of your trade. Remember, leverage will magnify both profits and losses.
What moves Ethereum Euro price?
Many factors affect the market supply and demand for Ethereum Euro price. The key factors are Eth 2.0 staking (an upgrade to Ethereum’s network that allows you to stake ETH for interest), ERC-20 token (increase utility through decentralized applications that host their own ERC tokens), media coverage and high transaction volume.
EUR/USD affects the Ethereum Euro prices in the short term, while the price of gold does not show any effect on Ethereum Euro prices. Moreover, Bitcoin and 2 altcoins (Litecoin, and Monero) affect significantly the Ethereum Euro prices.
How high can the Ethereum euro prices go?
Historically speaking, Ethereum’s price has been more volatile than Bitcoin’s. If you invest in Ethereum instead of Bitcoin, you’d be increasing your risk for more upside potential.
Some crypto experts believe Ethereum has more potential to grow than Bitcoin. The biggest advantage Ethereum has over Bitcoin is its ability to host smart contracts on its blockchain.
It’s hard to predict where the price of Ethereum Euro price is headed, but if history is any indicator ETH/EUR has much more room to grow. With new decentralized finance programs being built on Ethereum’s network, more Eth tokens are demanded to pay transaction fees. Therefore, some investors see Ethereum as the economic bandwidth of the internet.
Browse our live Ethereum EUR chart to get all the information you need on Ethereum price in Euro today
Ethereum is the second-largest crypto by market cap, and its momentum continued into 2021. It’s important to note that the news about the ETH 2.0 upgrade has impacted the price of Ethereum in Euro or Dollar.
Ethereum was first introduced through an initial coin offering (ICO), in August 2014. The project raised over $16 million by selling 50 million ETHs at a price of $0.31 per coin. Ethereum has always been closely following Bitcoin’s price evolution, marking the 2017 and 2021 peaks with new all-time highs.
Ethereum Euro price riches 3.000 in May 2021 and 4.000 in November 2021, before entering a 50% price correction at the beginning of 2022.
The highest Ethereum Euro price was 4.221 on December 1, 2021.
With CAPEX.com live Ethereum Euro charts you can trace the historical value of the cryptocurrency over the years.
Unlike Bitcoin, Eth tokens have more intrinsic utility. This is because ETH tokens are needed to transact on any decentralized application built on the Ethereum blockchain. As more transactions on Ethereum occur, the price of transaction fees increases, as transaction fees are based on supply and demand.
Basic analysis is necessary before speculating on the Ethereum Euro prices. There are many factors that will impact the rise of Ethereum Euro rates in 2022, including network updates, new DApps and big investors. The long-term outlook for cryptocurrency is bullish.
As with any investment, make sure you carefully assess your financial situation before investing in Ethereum Euro and crypto market. Ethereum Euro price can be extremely volatile.
With CAPEX WebTrader’s comprehensive live charts you can stay up to date with the latest changes in the Ethereum Euro prices from your mobile and browser.