The base currency is ETH; the counter currency is EUR an official EU currency. ETH stands for Ether a cryptocurrency unit used on the Ethereum network. The decentralised software platform was created in 2014 to enable Distributed Applications (ÄApps) and SmartContracts. Ether is described as a ‘crypto-fuel’ to power the platform. Ethereum has the second largest market cap after Bitcoin ($ 26 billion). At Capital.com you can follow the ETH/EUR chart and stay updated on the ETH/EUR rate.