Ethereum Price in Euro Fluctuates
Significant Changes in 2020 and Ongoing
Current Market Conditions
The Ethereum (ETH) price in Euro has experienced notable fluctuations throughout 2020. The currency's value ranged from a high of 336200 Euro in July to a low of 80000 Euro in March due to the COVID-19 pandemic's impact on the global economy.
As of May 11, the ETH to EUR conversion rate is 282702 Euro, reflecting a decline of 0.30% compared to the previous day. The current price of Ethereum is 285236 Euro per ETH, with a circulating supply of over 120 million ETH.
Market analysts attribute the recent price decline to factors such as profit-taking by investors and concerns over the upcoming Ethereum network upgrade, known as "Ethereum 2.0". The upgrade is expected to bring significant changes to the network's architecture, including increased scalability and transaction speed.
Comments