ETH Price Live Data (Ethereum)
ETH Shows Upward Momentum This Week
Ethereum's current price is ¥18,592.65 with a 24-hour trading volume of ¥134,219,768,071. Over the past 24 hours, ETH has experienced a slight decrease of -0.23%, but gained +0.07% in the last hour. With a total market cap of ¥2,244,410,398,519.00, Ethereum maintains its position as the #2 cryptocurrency by market capitalization.
Key Metrics:
- Circulating Supply: US$120,717,217.54 ETH
- Current Exchange Rate: 1 ETH = ¥18,592.65 CNY
- Network Security: Proof-of-Stake (PoS) consensus
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What Is Ethereum (ETH)?
Ethereum is the world's second-largest cryptocurrency and the native token of the Ethereum blockchain – an open-source, decentralized platform enabling smart contracts and decentralized applications (DApps). Russian-Canadian programmer Vitalik Buterin proposed Ethereum in 2013, revolutionizing blockchain technology beyond simple transactions.
Core Features:
✔️ Smart contract functionality
✔️ Decentralized application development
✔️ Gas fees for network operations (measured in Gwei)
ETH to CNY Conversion Calculator
Convert Ethereum to Chinese Yuan effortlessly with these updated rates:
| Amount ETH | CNY Equivalent |
|---|---|
| 1 ETH | ¥18,592.65 |
| 0.5 ETH | ¥9,296.33 |
| 0.1 ETH | ¥1,859.27 |
Exchange rates fluctuate based on market conditions.
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Frequently Asked Questions (FAQ)
1. How does Ethereum's PoS security work?
Ethereum's Proof-of-Stake mechanism requires validators to stake ETH to participate in transaction verification, making attacks economically impractical while reducing energy consumption by 99% compared to PoW.
2. Where can I buy ETH?
Ethereum is available on virtually all major exchanges, including:
- Spot markets
- Derivatives platforms
- Peer-to-peer (P2P) services
3. What determines ETH gas fees?
Gas prices fluctuate based on network demand. During peak usage, fees rise as users compete to have transactions processed faster.
Ethereum Ecosystem Essentials
Smart Contracts: Self-executing agreements written in code that power DeFi, NFTs, and other DApps.
Gwei: The denomination used for gas fees (1 Gwei = 0.000000001 ETH).
Upcoming Developments: Ethereum continues to implement upgrades like Dencun to improve scalability and reduce costs.
Note: All prices are as of July 4, 2025 (00:24 UTC). For the most current data, refer to live tracking tools.