What affects the price of Ethereum (ETH)?

Cryptocurrencies traded on the open market are much like any other asset traders can access on an exchange. ETH - the native cryptocurrency of the Ethereum protocol - is no exception. Its price can be affected by many factors that can be categorized into two. First, there are internal considerations specific to Ethereum. For example, positive developments associated with the protocol can boost the price of ETH, while negative developments can lead to a decline. On the other hand, there are also external factors. For example, many altcoins, including ETH, are affected by Bitcoin price fluctuations. Therefore, if BTC goes into a parabolic bull run, this usually leads to increased investments and inflows into the altcoin sector, positively impacting ETH’s price and vice-versa.

$ETH