Ethereum (ETH) Trading Down 6.6% Over Last Week

by · The Markets Daily

Ethereum (ETH) traded up 0.1% against the U.S. dollar during the one day period ending at 9:00 AM ET on October 27th. Over the last seven days, Ethereum has traded down 6.6% against the U.S. dollar. One Ethereum coin can now be purchased for approximately $2,473.87 or 0.03675034 BTC on major cryptocurrency exchanges. Ethereum has a market capitalization of $297.86 billion and approximately $10.09 billion worth of Ethereum was traded on exchanges in the last day.

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

  • Cardano (ADA) traded up 1.5% against the dollar and now trades at $0.34 or 0.00000498 BTC.
  • Avalanche (AVAX) traded 0.4% lower against the dollar and now trades at $25.49 or 0.00037869 BTC.
  • NEAR Protocol (NEAR) traded down 0.8% against the dollar and now trades at $4.22 or 0.00006265 BTC.
  • Uniswap (UNI) traded 1% lower against the dollar and now trades at $7.45 or 0.00011061 BTC.
  • Internet Computer (ICP) traded 1% higher against the dollar and now trades at $7.80 or 0.00011584 BTC.
  • Cronos (CRO) traded 1.8% higher against the dollar and now trades at $0.0742 or 0.00000110 BTC.
  • Hedera (HBAR) traded up 1% against the dollar and now trades at $0.0485 or 0.00000072 BTC.
  • Cosmos (ATOM) traded 1.5% lower against the dollar and now trades at $4.35 or 0.00006462 BTC.
  • Fetch.ai (FET) traded 0.3% higher against the dollar and now trades at $1.24 or 0.00001845 BTC.
  • Algorand (ALGO) traded 0.6% higher against the dollar and now trades at $0.11 or 0.00000171 BTC.

About Ethereum

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 120,401,222 coins. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. Ethereum’s official website is www.ethereum.org. 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 acquire Ethereum using US dollars directly can do so using Coinbase, Changelly or Gemini.

ETH/USD price chart by TradingView