Browse our live ETH/EUR chart to spot the best trading opportunities
The ETH/EUR pair matches the world’s second-largest cryptocurrency Ether with one of the globe’s most influential fiat currencies – the euro. This popular crypto-to-fiat pairing represents how many euros – the quote currency – are needed to buy one Ether – the base currency.
Ether (ETH) serves as the native currency for Ethereum, an open-source, Blockchain-based distributed software platform. Proposed by Vitalik Buterin in 2013, it enables smart contracts and distributed applications (DApps) to be built and run without downtime, control, fraud, or interference from a third party.
ETH is by far one of the most prominent coins in the crypto industry and has the second-largest market capitalisation after BTC. Although the volume of ETH to EUR trading is lower than its American counterpart ETH/USD, it is steadily growing. The pair usually attracts a lot of investor attention as both of its component currencies provide a good level of liquidity and volatility, offering huge potential for speculation and making it a strong alternative to traditional forex markets.
With Capital.com’s ETH price chart in EUR, you can not only quickly view the current Ethereum price in EUR, but also trace its value in historic terms.
On the other end of the ETH vs EUR pair is the euro, the official currency of the majority of the nations within the eurozone. Introduced to the world markets in 1999, it is one of the most financially and economically important fiat currencies available. In addition to being the official currency for most eurozone countries, many nations within Europe and Africa peg their currencies to the euro, in order to stabilise the exchange rate. As a result, EUR is the world's second-largest reserve currency.
Moreover, the euro is the second-most traded currency globally after the US dollar. It is involved in nearly 30 per cent of all forex transactions, accounting for approximately $1.1trn in daily average trading volume.
You can follow our comprehensive ETH chart to always stay on top of the ups and downs of the cryptocurrency’s value.
The Ethereum/euro pair is influenced by a number of factors, including news about either of the currencies.
The euro is directly affected by the European Central Bank’s policy and its decisions regarding the interest rate. Major political and economic events, employment figures, import and export data, GDP and inflation within the eurozone’s nations could also affect the currency’s value.
As the cryptocurrency is not tied to any particular country, geopolitical and economic factors have little to no bearing on the Ethereum value. Instead, you should keep an eye on its adoption rates, demand, regulations and market sentiment.
Traders can try to benefit from Ether/euro price swings by taking long or short positions on this crypto-to-fiat pair using Capital.com’s proprietary trading platform that features a real-time Ethereum to euro price chart and charges a zero per cent commission on trades.