What is Ether? What is the difference from Ethereum?

Ethereum (ETH) is the native cryptocurrency of the Ethereum blockchain and is used to pay transaction fees (gas) and store value. Ethereum is a decentralized platform that allows developers to build smart contracts, with Ethereum serving as its “fuel.” They are independent entities: Ethereum is the platform and Ethereum is the cryptocurrency. Ethereum has an independent market value, influenced by supply, demand and expectations for the Ethereum platform.

What is Ether? Differences from Ethereum

Ethereum, often abbreviated as ETH, is the native cryptocurrency that runs on the Ethereum blockchain. It is primarily used to pay transaction fees (called "gas") on the Ethereum network, but can also serve as an investment or store of value.

The relationship between Ethereum and Ethereum is as follows:

1. Ethereum platform

Ethereum is a decentralized platform based on blockchain technology. It allows developers to build and deploy smart contracts on the platform. Smart contracts are computer programs that automatically execute specific rules and protocols.

2. Ethereum as fuel

Ether is the “fuel” of the Ethereum network. It is used to cover the computational costs of executing transactions on the network. Every time a user sends a transaction or interacts with a smart contract on the Ethereum network, they need to pay a certain amount of ether as a gas fee.

3. Independent existence

Although Ethereum is closely related to Ethereum, they are independent entities. Ethereum is a platform and Ethereum is a cryptocurrency. This means that Ethereum can be traded and used outside of the Ethereum network.

4. Market Value

Ethereum is a cryptocurrency with a high market value. Its price is determined by supply and demand and is influenced by a variety of factors, including overall cryptocurrency market trends and expectations for the Ethereum platform.

In short:

• Ethereum is a cryptocurrency based on the Ethereum blockchain.
• It is used to pay transaction fees on the Ethereum network.
• Ethereum and the Ethereum platform are independent entities.
• Ethereum has an independent market value.

Ethereum (ETH) Price Updates

As of 10:00 AM on July 25, 2024, the price of Ethereum (ETH) is $3,203.96, with a 24-hour trading volume of $187.15 billion. The price of ETH fell by 6.59% in the past 24 hours.

Price Moving Factors

The price drop may be attributed to the following factors:

• Gloomy sentiment in the overall cryptocurrency market
• Profit-taking by investors
• Growth of rival coins

Future Price Movement

ETH’s price action is difficult to predict, but analysts believe it is likely to remain volatile in the short term.

Action Guide

Investors should pay close attention to market dynamics and assess risks before deciding to trade.

Short Term Forecast

ETH is expected to continue to fluctuate over the coming hours to days. However, no drastic changes are expected.

Indicator

• Current price: 3,203.96 USD
• 24 hour trading volume: 187.15 billion USD
• Circulating market cap: 3852.069 billion USD
• Circulation volume: 120228315.0196 ETH
• Maximum supply Quantity: Unknown
• Total supply :120228315.0196 ETH

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