Buying Ethereum (ETH): price and opportunities

Why buy Ethereum: price performance

Ethereum has shown impressive price growth in the past four years, maintaining its position as the second-largest cryptocurrency by market capitalisation. Between 2020 and 2023, the price of Ethereum (ETH) fluctuated significantly, rising from around €200 to over €4,000 in 2021, during the crypto market boom.

As of 2024, Ethereum is in a consolidation phase, trading around €2,500. This stable recovery follows the general market slowdown in 2022, driven by increasing interest in DeFi (Decentralised Finance), NFTs, and ongoing Layer 2 innovations. 

The importance of Ethereum in the market 

One key factor boosting Ethereum’s price in 2021 was the migration to Ethereum 2.0, which improved scalability and lowered transaction fees. Another driver was the rise of Layer 2 solutions, which use Ethereum as a base while enabling faster and cheaper transactions. On these parallel networks, gas fees for processing transactions are paid in ETH, increasing the token’s demand.

Recently, the launch of spot ETFs on Ethereum, following those on Bitcoin, has further institutionalised ETH, making it a recognised financial instrument accessible to a wider audience. This evolution solidifies Ethereum as a key asset in the financial world.

While volatility remains high, Ethereum’s transition to Proof of Stake and the growing adoption of decentralised applications (dapps) has positioned it as one of the most promising cryptocurrencies for long-term investors.

Buying Ethereum and earning with Staking

Staking on Young Platform is a straightforward and accessible way to earn new cryptocurrencies without selling or trading your ETH. Young Platform offers staking via Liquid Staking through Lido. With a minimum of 0.02 ETH, you can activate staking and receive daily rewards. Thanks to compound interest, the ETH you earn is automatically staked, exponentially increasing your returns. Additionally, if you are a member of the Young Platform Club, you can earn bonus rewards in YNG tokens on top of the standard ETH rewards.  

Use the EURO-ETH Converter to calculate how much Ethereum you can receive according to your budget.

Activate Smart Trades on Ethereum to automate your strategy

Besides staking, Young Platform allows you to take advantage of Smart Trades on Ethereum, an advanced tool for algorithmic trading. With Smart Trades, you can automate your trades using strategies based on specific market indicators. This allows you to delegate trading decisions to an algorithm that constantly analyses data, executing trades at optimal times without needing to monitor prices manually.

This automation optimises your portfolio, enabling you to take advantage of crypto market fluctuations efficiently, even in highly volatile conditions.

What is Ethereum? A brief overview

Ethereum is a decentralised blockchain platform designed to support smart contracts and decentralised applications (dapps). Often referred to as “The World Computer,” it can run complex programmes, making it a vital foundation for censorship-resistant decentralised applications.

Vitalik Buterin founded Ethereum in 2013 while still a student. His aim was to create a blockchain platform that is more versatile than Bitcoin and has advanced functionalities for building smart contracts. The project began in 2014 after the development team raised over $18 million through an Initial Coin Offering (ICO), kick-starting the Ethereum ecosystem. Alongside co-founders such as Gavin Wood and Jeffrey Wilcke, Buterin transformed Ethereum into one of the most influential blockchain networks, gaining support from major corporations like Microsoft and JP Morgan.