Daily Exchange Rate Fluctuations

Ethereum (ETH) Price in India: Live Updates and Analysis

Daily Exchange Rate Fluctuations

* The daily exchange rate of Ethereum (ETH) to Indian Rupee (INR) fluctuated significantly last week. * ETH reached a high of ₹225,512 on Friday and a low of ₹196,559 on Thursday.

Current Price

* As of today, the price of 1 ETH in INR is approximately ₹2,266,405.

Factors Influencing Ethereum Price

* **Global Market Dynamics:** ETH's price is influenced by global supply and demand, cryptocurrency market trends, and economic conditions. * **Indian Market Sentiment:** Local demand, government regulations, and investor sentiment also play a role in ETH's value in India. * **Adoption and Usage:** The adoption of Ethereum for decentralized applications, smart contracts, and non-fungible tokens (NFTs) can drive its price.

Historical Performance

* Ethereum has experienced significant price volatility in recent years. * In 2021, ETH reached an all-time high of over $4,800. * The price has since dropped but remains higher than its initial value.

Investment Considerations

* **High Volatility:** Investors should be aware of Ethereum's high volatility and invest cautiously. * **Long-Term Investment:** ETH may be considered a long-term investment due to its potential as a platform for decentralized applications and smart contract development. * **Diversification:** Ethereum should not be the sole investment in a diversified portfolio.

Additional Resources

* [Economic Times: Ethereum Price Live Updates](https://economictimes.indiatimes.com/markets/cryptocurrency/ethereum-price) * [CoinMarketCap: Ethereum (ETH)](https://coinmarketcap.com/currencies/ethereum/) * [India Today: Ethereum (ETH) Price in India Today](https://www.indiatoday.in/business/story/ethereum-eth-price-in-india-today-know-latest-eth-inr-value-1425995-2019-02-13)