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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.