As of November 11, 2024, the price of Ethereum (ETH) on Binance is approximately $3,195 USD. The market cap for Ethereum is around $384.80 billion, and its 24-hour trading volume is about $47.43 billion, indicating active trading.
Ethereum remains the second-largest cryptocurrency by market capitalization, after Bitcoin, and it plays a pivotal role in decentralized applications (dApps), decentralized finance (DeFi), and smart contracts. The Ethereum blockchain has evolved with significant upgrades like the Ethereum 2.0 transition (Proof-of-Stake), improving efficiency and scalability.
The price reflects growing interest in blockchain innovation and the increasing use of ETH in staking and as a transactional currency across decentralized platforms. However, ETH's price remains volatile, impacted by market sentiment, technological advancements, and global economic factors.
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