While Ethereum is a blockchain-based platform, Ether is a cryptocurrency that was initially intended to be used for monetary transactions with Ethereum’s network. Ethereum, as a platform, can be used to implement smart contacts and create decentralized apps whereas, Ether can be used to make payments within Ethereum’s network as well as other platforms where it’s accepted. Ether can also be bought, sold or traded on various cryptocurrency exchanges such as Coinbase and Binance. Eth price today This week has seen significant volatility in the price of Ethereum (ETH), the second-largest cryptocurrency in the world by market value. For the first time in the previous week, the decline caused the coin’s price to drop below $2,200, and it has since been trending down.

The second argument people make is a little more technical. Mining ethereum is costly; as electricity prices have gone up and crypto prices have gone down, even successful mining operations have begun to see red. To offset costs, miners typically sell most of the cryptocurrency they earn from mining. That creates millions of dollars of sell pressure each day as miners offload their ether. Now that ethereum is proof of stake, miners (or "validators" as they're now called) won't have to sell all the ether they earn, since validating blocks is so much cheaper than mining them via proof of work cryptography.  About Ethereum: This means that ETH benefits from all other digital assets on the Ethereum network. Therefore, the price of ETH can be correlated to the popularity of the Ethereum network, although there are many other factors present that influence price.