Exchange Rate Calculator

Over the past few months, the exchange rate between Ethereum (ETH) and the British Pound Sterling (GBP) has exhibited significant volatility, reflecting broader trends in the cryptocurrency market and macroeconomic factors. This report provides an analysis of the ETH/GBP exchange rate, highlighting key price movements, technical indicators, and potential factors influencing these changes.

Recent Price Movements

As of March 20, 2025, Ethereum is trading at approximately £1,552.44 per ETH. This represents a 4.54% increase over the past 24 hours and a 7.89% increase over the past week. However, when compared to the previous month, the price has decreased by 26.01%, down from £2,169.39. Over the past year, Ethereum's value has declined by 42.11%, from £2,758.00. (coinbase.com)

In the 30-day period leading up to March 20, 2025, Ethereum's price against GBP has decreased by 24.93%, dropping from £2,113.87 to £1,586.78. Over the past 60 days, the decline is more pronounced at 37.38%, and over 90 days, the decrease stands at 39.44%. (binance.com)

Technical Analysis

On March 20, 2025, technical indicators for the ETH/GBP pair suggest a bearish trend. The Relative Strength Index (RSI) is at 46.449, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) shows a value of -3.37, signaling a potential sell. Moving averages present mixed signals: the 5-day simple moving average (SMA) is at £1,522.85 (buy), while the 20-day SMA is at £1,534.88 (sell). (investing.com)

Factors Influencing ETH/GBP Exchange Rate

Several factors have contributed to the recent volatility in the ETH/GBP exchange rate:

1. Cryptocurrency Market Trends: The broader cryptocurrency market has experienced fluctuations due to regulatory developments, technological advancements, and market sentiment.

2. Macroeconomic Factors: Economic indicators such as inflation rates, interest rates, and economic growth in both the UK and globally can impact investor behavior and currency valuations.

3. Technological Developments: Upgrades and changes within the Ethereum network, such as the transition to Ethereum 2.0, can influence investor confidence and demand for ETH.

4. Regulatory Environment: Changes in cryptocurrency regulations in the UK and other major economies can affect market dynamics and investor sentiment.

Conclusion

The ETH/GBP exchange rate has shown considerable volatility over the past few months, with significant declines over the past year. Technical indicators suggest a cautious approach, as mixed signals indicate potential for both upward and downward movements. Investors should stay informed about market trends, technological developments, and regulatory changes that may impact the ETH/GBP exchange rate.