Ethereum is trading at around 2,085 USD, which is over 57% lower than its highest price of 4,900 USD from November 2021.

With a market cap nearing 252 billion USD, Ethereum surpasses major companies like Toyota (250 billion USD) and others, indicating a strong position in the market.

Ethereum attracts young investors interested in new financial technologies, and its transition to proof-of-stake may enhance its appeal as a deflationary asset.