sETH Price (SETH)

Unlisted

What is sETH?

sETH, or synthetic Ether is a synthetic asset launched by Synthetix Exchange. With its underlying asset being Ether (ETH), sETH mirrors and tracks the price of Ether (ETH) provided by an oracle - Chainlink.

What are synthetic assets?

Synthetic assets or Synths are derivatives that provide exposure to real-world assets on the Ethereum blockchain. Similar to derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the underlying asset. How can I obtain sETH? To obtain sETH, users have to first obtain Synthetic Network Tokens (SNX), which is Synthetix’s native token. Users can buy SNX from exchanges such as Binance and Uniswap. With SNX, users can then stake SNX as collateral on Mintr to mint sUSD, a synthetic US dollar stablecoin. The amount of sUSD minted will depend on two factors; the amount of SNX staked and the collateralization ratio (C-Ratio) of the platform. Currently, the C-Ratio is 500%. This means that if the value of SNX or Synths fluctuate, the user’s C-Ratio will fluctuate as well. The minted sUSD can then be exchanged for sETH or other Synths on Synthetic Exchange. Alternatively, users can also buy sUSD directly on Synthetix Exchange with ETH. The purchased sUSD minted can then be exchanged for sETH and other Synths on Synthetic Exchange.

What other synthetic assets are there?

The Synths tab within Synthetix Exchange displays all its supported synthetic assets available to trade. To learn more about the inner workings of the different Synth types in detail, simply head to Synthetic’s litepaper. In general, there are 5 types of synthetic assets: Foreign Exchange (Forex): Synths that track the price of forex currencies Examples: sUSD, sEUR, sAUD etc.

Commodity: Synths that track the price of commodities

Examples: sOIL, sXAU, sXAG

Crypto: Synths that track the price of cryptocurrencies

Examples: sBTC, sETH, sXRP etc.

Index: Synths that track an index - a basket of stocks or cryptocurrencies

Examples: sDEFI, sCEX, sNIKKEI etc.

Inverse (iSynths): Synths that inversely track the price of assets, such as cryptocurrencies or commodities

Examples: iBTC, iETH, iOIL etc.

What is the live value of sETH today?

Today, sETH trades at $2569.33, experiencing a price movement of -2.78% over the last 24 hours. This price shifts constantly, reflecting real-time market sentiment.

How volatile is SETH right now?

The 24-hour volatility rate is --%, providing insight into how rapidly the token's price is moving. Higher volatility can create both trading opportunities and risk depending on market conditions.

What liquidity conditions does sETH have today?

sETH holds a liquidity score of --/100, which evaluates market depth across exchanges. Higher liquidity typically leads to tighter spreads and better execution for market orders.

What price levels has SETH traded within today?

Over the past 24 hours, it has traded between $2553.18 and $2726.47. This range helps traders gauge support and resistance zones for short-term strategies.

What is today's trading volume for SETH?

A total of $-- has been traded in the last day. Volume spikes often precede major price moves or shifts in market sentiment.

How should investors interpret sETH's risk level?

Risk is determined by volatility, liquidity depth, market rank, and supply distribution. As a Crypto-Backed Tokens,Decentralized Finance (DeFi),Synthetic Asset,Derivatives,Ethereum Ecosystem,Optimism Ecosystem,Synthetic asset built on --, SETH's risk profile can fluctuate based on ecosystem updates or industry-wide trends.