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Ethereum is on the incline in the last 7 days
In the past 24 hours, the price of Ethereum has decreased by -4.0%. It's price has dropped by -1.4% in the last 7 days. The current price per ETH is $5,147.50 AUD.
Using the Ethereum price chart
The chart above is an Ethereum candlestick chart that shows the price movements of ETH and the live price of Ethereum today. This Ethereum live chart give traders the ability to select custom timeframes and view daily pricing candles of their favourite assets.
Candlestick charts are used by all successful traders to perform crypto technical analysis and develop trading strategies. Candlestick charts track the price movements of an asset during a specific trading period, many traders will use candlestick charts to predict patterns within the market.
To learn more, check out our guide to candlestick charts on Swyftx Learn.
Ethereum price volatility
ETH is the digital currency used on the Ethereum network. The digital currency was launched in 2015 and grew very quickly. It currently sits as the second-largest digital currency by market cap behind Bitcoin. Given its large market cap, Ethereum price (ETH) has shown that it holds its value better than smaller digital assets during periods of market volatility. However, Ethereum's price (ETH) has not been completely resistant to large price fluctuations in recent years (up and down).
Since its launch, Ethereum (ETH) has evolved - constantly improving aspects of its network to accommodate better scalability, security, and adoption.
View our full list of crypto prices in AUD.
The different types of Ethereum wallets
There are various kinds of Ethereum wallets available. When you purchase Ethereum through a platform like Swyftx, it is automatically stored in an exchange wallet on your behalf. You can then transfer it to an external wallet, such as a browser or app wallet (like MetaMask), a software wallet, or a hardware wallet. A hardware wallet is a physical device that keeps your crypto offline, meaning it is not connected to the internet. These offline wallets are generally seen as more secure than those connected to the internet, as they lower the risk of online theft.