Current Ethereum value on June 3:
Hola Amigo! today, June 3, Ethereum (ETH) is trading at a whopping US$2626.86 (ARS $3,115,459), according to the digital wallet Lemon. That's a noteworthy 3.1% increase compared to its value 24 hours ago and a 1.89% uptick compared to the same day last week.
Ethereum's current market capitalization hovers around a massive US$309,105,761,338. This open-source, decentralized platform built on its own blockchain allows developers to create new types of applications, often referred to as a digital supercomputer that can run applications from all corners of the globe.
Created by Russian-born CanadianVitalik Buterin in 2015, Ethereum made waves in the world of blockchain technology by being the first to incorporate programmable smart contracts within its blocks. Today, it's clear that Ethereum remains popular, holding the title of the second-largest cryptocurrency by market capitalization and one of the most used blockchains for DeFi (Decentralized Finance) and NFT (unique, non-replicable digital assets, increasingly popular for digital art).
Ethereum developed the ERC-20 network, a blockchain with embedded smart contracts under the Singularity programming language. This network provides the computing power and interoperability needed to host new projects, making it a preferred choice for developers worldwide.
However, the crypto world is experiencing a challenging period. In the face of a global economic crisis, with high inflation rates in the United States and Europe, and an ongoing war between Russia and Ukraine, cryptocurrencies are bearing the brunt of some tough times. Experts predict this "crypto winter" might last up to a year and a half.[1]
A BBC journalist, Cecilia Barría, offers more insight in a report titled "Crypto Winter: Key to Understanding the Global Fall of Cryptocurrencies." Barría explains that this abrupt drop follows the crypto world's best historical moment. In just five years, a Bitcoin grew from US$1,000 to an impressive US$68,000.[2]
Barría states this price volatility is due to simple economics—supply and demand. "When more people want to buy, the price goes up. And when no one's interested, the price goes down," she generalizes. However, she cautions that the crypto market isn't like Wall Street. "Cryptocurrencies aren't shares in a company. They are, as you know, digital money, and that means no one regulates them, no authority emits them, and, of course, there are no banks that hold them. So, how they move without any control, the ups and downs are frantic," Barría explains.[2]
The term "crypto winter" or "crypto crash" first emerged during the first major cryptocurrency crash, which occurred just before the last boom, when Bitcoin reached an astounding US$69,000 in November 2021.[3]
Mind you, a crypto winter might not just affect Ethereum. Factors that could contribute to a whole-market downturn include macroeconomic shifts, rising interest rates, and significant market manipulations.[1]
In May 2025, Ethereum has shown considerable growth, with a nearly 47% price increase.[4] This suggests a strong market performance, rather than a downward trend. The overall cryptocurrency market has demonstrated resilience, with Bitcoin reaching an all-time high in the same month.[2]
Remember, predicting the exact start or end of a crypto winter is challenging. However, paying close attention to market trends and investor sentiment can provide valuable insights.
So, hang on tight, as the ride in the world of cryptocurrencies continues to be an exciting one!
[1] "Crypto Winter: Understanding Its Impacts and Implications." CoinJournal, https://coinjournal.net/features/crypto-winter-understanding-its-impacts-and-implications/
[2] Barría, Cecilia. "Crypto Winter: Key to Understanding the Global Fall of Cryptocurrencies." BBC Mundo, https://www.bbc.com/mundo/noticias-56518667
[3] "Understanding the Crypto Winter: History, Causes, and Signs." Bitcoin Magazine, https://bitcoinmagazine.com/articles/understanding-the-crypto-winter-history-causes-and-signs
[4] "Ethereum Price Analysis - May 2025." CoinDesk, https://www.coindesk.com/price/ethereum
In the midst of a challenging global economic climate, the crypto world, including Ethereum, is undergoing a period of instability, often referred to as a "crypto winter." Despite this, recent news reports suggest that Ethereum, with its strong market capitalization and wide-ranging applications in technology such as DeFi and NFT, has shown potential for growth, even in such turbulent financial markets.
