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Amount
346,510.00 JPY
Exchange Rate
as of May 20, 2025 at 5:52 PM
1 ETH =
346,510.00 JPY
Market analysis of ETH to JPY currency exchange rates
Analysis as of April 2025
As of May 3, 2025, Ethereum (ETH) is trading at approximately ¥295,992 per coin. This represents a significant decline from its all-time high of ¥731,701.19. Over the past 90 days, ETH has experienced a decrease of approximately 46.51% against the Japanese Yen.
Recent Price Movements
In the last week of March 2025, ETH/JPY exhibited notable volatility. On March 20, 2025, the price peaked at ¥306,033, marking a 6.0% increase from the previous day. However, by March 21, it declined by 3.8% to ¥294,398. The lowest point during this period was on March 17, when ETH traded at ¥280,584.
Historical Context
Looking back to October 2023, ETH/JPY was trading around ¥270,452.95 on October 31. In October 2022, the price was approximately ¥234,457.74 on October 31. These figures indicate a general upward trend over the years, despite recent declines.
Market Capitalization and Trading Volume
As of March 19, 2025, Ethereum's market capitalization stood at ¥34,994.23 billion, with a 24-hour trading volume of ¥1,590.52 billion. These metrics highlight Ethereum's significant presence in the cryptocurrency market.
Factors Influencing ETH/JPY Exchange Rate
Several factors contribute to the fluctuations in the ETH/JPY exchange rate:
Global Cryptocurrency Market Trends: Ethereum's price is influenced by overall market sentiment, technological developments, and regulatory news.
Japanese Yen Strength: The value of the Yen against other currencies can impact the ETH/JPY rate.
Economic Indicators: Japan's economic performance, including GDP growth and inflation rates, can affect investor confidence and currency strength.
Regulatory Environment: Changes in cryptocurrency regulations in Japan and globally can influence market dynamics.
Conclusion
The ETH/JPY exchange rate has experienced significant volatility over the past few months, with a notable decline from its peak. Investors should consider both global cryptocurrency trends and local economic factors when evaluating Ethereum's performance against the Japanese Yen.
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