Exchange Rate Calculator

As of May 3, 2025, Ethereum (ETH) is trading at approximately HK$15,575.12 per coin. This marks a significant decline from its all-time high of HK$38,002.07. Over the past few months, the ETH/HKD exchange rate has experienced notable volatility, reflecting broader trends in the cryptocurrency market.

Recent Performance

In the last 24 hours, Ethereum's price in Hong Kong dollars has increased by 5.8%, reaching a high of HK$15,575.12. Over the past week, the price has risen by 4.7%. However, when examining the 30-day performance, Ethereum has declined by 27.2% against the Hong Kong dollar. This downward trend is more pronounced over the past 60 days, with a decrease of 44.05%.

Historical Context

Ethereum reached its peak price of HK$38,002.07 in 2021. Since then, the cryptocurrency has faced several market corrections. In 2022, the price fluctuated between HK$8,000 and HK$15,000, reflecting the market's response to various macroeconomic factors and regulatory developments. The year 2023 saw a modest recovery, with prices stabilizing around HK$14,000 to HK$15,000.

Market Capitalization and Trading Volume

Ethereum's current market capitalization stands at approximately HK$1,898,826,541,410, with a 24-hour trading volume of HK$119,280,451,454. These figures indicate a robust trading environment, despite recent price declines.

Factors Influencing ETH/HKD Exchange Rate

Several factors have contributed to the recent fluctuations in the ETH/HKD exchange rate:

• Global Economic Conditions: Economic uncertainties, including inflationary pressures and interest rate hikes by central banks, have impacted investor sentiment towards risk assets like cryptocurrencies.

• Regulatory Developments: Changes in cryptocurrency regulations, both globally and within Hong Kong, have influenced market dynamics. For instance, Hong Kong's Securities and Futures Commission has been actively reviewing its stance on digital assets, affecting local investor confidence.

• Technological Upgrades: Ethereum's transition to a proof-of-stake consensus mechanism, known as "The Merge," has introduced both optimism and uncertainty, impacting its valuation.

Comparative Analysis

When compared to other major cryptocurrencies, Ethereum's performance has been relatively stable. For example, Bitcoin (BTC) has also experienced similar percentage declines over the same period. This suggests that the observed trends are part of a broader market movement rather than isolated to Ethereum.

Future Outlook

The future trajectory of the ETH/HKD exchange rate will likely depend on several factors:

• Market Sentiment: Investor confidence in the broader cryptocurrency market will play a crucial role.

• Regulatory Environment: Any new regulations or policy changes in Hong Kong or globally could impact Ethereum's adoption and price.

• Technological Developments: Further upgrades to the Ethereum network, such as scalability improvements, could enhance its utility and attractiveness to investors.

In conclusion, while Ethereum has faced significant volatility against the Hong Kong dollar in recent months, it remains a pivotal asset in the cryptocurrency landscape. Investors should stay informed about market developments and consider both macroeconomic factors and technological advancements when evaluating Ethereum's future performance.