Ethereum (ETH)
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform.
Price & Chart
Price
$3,500
24h Change
-1.20%
Market Cap
$420,000,000,000
The Coin Basics: What is Ethereum?
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform.
Why It Matters: Key Features
Smart Contracts
Ethereum pioneered the concept of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code.
Decentralized Applications (dApps)
Its flexible platform has given rise to a massive ecosystem of dApps, including decentralized finance (DeFi), non-fungible tokens (NFTs), and more.
Proof-of-Stake (PoS)
Following "The Merge," Ethereum now uses a Proof-of-Stake consensus mechanism, which is significantly more energy-efficient than PoW.
Where to Buy Ethereum in the UAE?
Here are the best regulated exchanges to buy Ethereum in the UAE:
Price Analysis & Outlook
Short-Term Outlook
ETH price is closely correlated with Bitcoin but also influenced by the health of the dApp ecosystem and gas fees. Watch for major network upgrades and adoption news.
Long-Term Outlook
The long-term value of Ethereum is tied to its utility as the primary platform for DeFi and NFTs. Its deflationary tokenomics post-merge could also positively impact price.
Risk Disclaimer
Trading FAQs
You can easily purchase Ethereum on regulated platforms in the UAE such as Binance, Bybit, and OKX using AED or other currencies.