Exchange Rate Calculator

Over the past few months, the exchange rate between Ethereum (ETH) and the Indian Rupee (INR) has exhibited significant volatility, reflecting broader trends in the cryptocurrency market. As of May 3, 2025, Ethereum is trading at approximately ₹184,225 per ETH. This report analyzes the recent performance of ETH/INR, highlighting key price movements, market capitalization, and trading volumes.

Recent Price Performance

In the last 24 hours, Ethereum's price has experienced a slight increase of 0.18%, with an intraday high of ₹186,597 and a low of ₹181,623. Over the past week, the price has risen by approximately 7.84%, indicating a positive short-term trend. However, when examining the monthly performance, Ethereum has seen a decline of about 25.35%, suggesting a more cautious medium-term outlook. Year-to-date, the cryptocurrency has decreased by 38.15%, reflecting the broader market's challenges.

Market Capitalization and Trading Volume

Ethereum's current market capitalization stands at approximately ₹21,220.46 billion, maintaining its position as the second-largest cryptocurrency by market cap. The 24-hour trading volume is around ₹1,370.22 billion, indicating robust market activity and liquidity.

Historical Context

Ethereum reached its all-time high of ₹422,300.87 in November 2021. Since then, the price has experienced significant fluctuations, influenced by various factors including regulatory developments, technological advancements, and macroeconomic trends. The current price represents a substantial decrease from the peak, highlighting the inherent volatility in the cryptocurrency market.

Factors Influencing ETH/INR Exchange Rate

Several factors contribute to the fluctuations in the ETH/INR exchange rate:

• Global Cryptocurrency Market Trends: Ethereum's price is closely tied to the overall performance of the cryptocurrency market. Market sentiment, driven by news, regulatory changes, and technological developments, can lead to rapid price changes.

• Regulatory Environment: In India, the regulatory stance on cryptocurrencies has been evolving. Announcements regarding potential regulations or bans can significantly impact investor sentiment and, consequently, the ETH/INR exchange rate.

• Technological Developments: Upgrades and changes to the Ethereum network, such as the transition to Ethereum 2.0, can influence investor confidence and affect the price.

• Macroeconomic Factors: Global economic conditions, including inflation rates, interest rates, and geopolitical events, can impact the demand for cryptocurrencies as alternative investments.

Conclusion

The ETH/INR exchange rate has demonstrated considerable volatility over the past few months, influenced by a combination of market trends, regulatory developments, and technological changes. While short-term gains have been observed, the medium to long-term performance indicates a downward trend from previous highs. Investors should remain vigilant, staying informed about both global cryptocurrency developments and local regulatory changes that could impact the ETH/INR exchange rate.