ETH/USD: what to know
The ETH/USD rate shows how much USD you get for 1 ETH. Right now, 1 ETH buys 2,511.30 USD at the mid-market rate. In the other direction, 1 USD is worth 0.000398 ETH.
In the short term ETH is driven mainly by network activity and crypto-market sentiment, while USD responds to Fed policy, US growth and global risk appetite.
Ethereum popularised programmable “smart contracts”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the ETH/USD rate has ranged between 1,565.17 and 4,708.84 — a change of -41.66% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.