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Ethereum’s price drops 7.70%

By
28 September 2022
A

s of 9:11am today, the price of Ethereum (ETH) is £1,200, according to CoinMarketCap. That’s down 7.70% on yesterday’s figure of £1,292, 5.81% on last week and 11.70% on one month ago.

The 24-hour trading volume is around £16.7 billion, and it has a market cap of about £147.1 billion.

The 52-week high of ETH is £3,636, while the 52-week low is £733.

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Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Ethereum ROI

If you purchased ETH at the 52-week low of £733 and sold it at today’s price of £1,200, you’d earn £467 for a positive return of 63.69%.

Alternatively, if you purchased ETH at the 52-week high of £3,636 and sold it at today’s price, you’d have lost 67%, equivalent to minus £2,436.

If you want to start investing in ETH, you’ll need a crypto exchange to do so. Keep in mind you may owe taxes on any gains you realise. Past performance is not a predictor of future results. Purchasing ETH is speculative and you may lose all of your investment.

Ethereum Price Over Time

ETH has fallen by 7.70% within the last 24 hours. Overall, ETH’s price today is below its 52-week high of £3,636.

Over the past week, ETH has hit a high of £1,295 and a low of £1,091.

The cryptocurrency, overall, has moved up during the past three months. Over the past 90 days, it has increased to its current price of £1,200.

How Many Ethereum (ETH) Coins Are There?

There are currently 122,558,988 ETH in circulation. Unlike Bitcoin, ETH does not have a maximum supply.

About Ethereum

ETH, founded by Vitalik Buterin and Gavin Wood in 2015, is the second most popular cryptocurrency after Bitcoin. Today, ETH’s market capitalisation represents more than 17% of the $1.2 trillion global crypto market. Here’s a look at how Ethereum works.

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Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Ethereum vs. Ether: What’s the Difference?

Ethereum is a blockchain platform that is, in its own words, “a global, decentralized platform for money and new kinds of applications.”

Ether (ETH) is the Ethereum blockchain’s native cryptocurrency token. It’s used to operate distributed applications on the Ethereum blockchain.

Many people in crypto talk about "buying Ethereum," but it’s important to understand that when you buy ETH, that means you own Ether (not Ethereum).

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