Why Ethereum Price Up 1.20% Today as ETH Trades At $2,695?

The price of Ethereum ( ETH ) today is $ 2,707.0 as of 11 AM . ETH 's price dropped 0.51% to $ 2.724.6 as of October 21, 2024 , due to profit-taking and Bitcoin 's short-term slip.

The year-to-date ( YTD ) performance of ETH is 18.27% lags Bitcoin 's 55.14% return.

The market capitalization of ETH stands at $325.7 billion , making it the second -largest asset next to Bitcoin 's $1.15 trillion .

One-month performance shows Ether is up 6.37% , while year-to-date returns show ETH at 3,847.37% .

Bitcoin price has maintained a strong lead and has yielded a return of 55.14% since the start of 2024 .

The lack of volatility in ETH can be attributed to the launch of spot Bitcoin ETFs, which has been a selling point to traditional investors.

Akash is a senior reporter and analyst and contributes his expertise to notable platforms such as AMBCrypto and FXStreet .

Akash actively trades cryptocurrencies and manages a small crypto fund for friends and family.

Do your own research before investing in any crypto platform and only invest the amount you can afford to lose.