Ethereum: How to Access the Market Price from Python
The world of cryptocurrency trading can be overwhelming, especially for those new to it. One important piece of information that can give a trader an edge is the Ethereum market price. However, many platforms, including popular exchanges and APIs, do not provide this data directly. In these cases, using Python becomes a viable option.
In this article, we will explore how to access Ethereum market price, history, volume, and other relevant information using Python.
Why Use Python?
Python is a great choice for accessing the cryptocurrency markets because of its extensive libraries and tools for automation and data analysis. Here are a few reasons why you might prefer to use Python:
- Ease of Use: Python has a simple syntax that makes it easy to learn and use, even for those with limited programming experience.
- Extensive Libraries
: The Python standard library includes several modules and packages that can help you work with data, such as Pandas for data manipulation and NumPy for numerical calculations.
- Automation: You can automate many tasks using Python, including retrieving data from the API and sending notifications.
Accessing the Ethereum market price
To access the Ethereum market price, we will use the requests
library to send GET requests to the cryptocurrency exchange API. We will also use the pandas
library to manipulate the data.
Here is a sample code:
import requirements
def get_market_price(exchange_url):
response = requests.get(f"{exchange_url}/api/v1/price")
return response.json()
exchange_url = "
market_price = get_market_price(exchange_url)
print(market_price["status"])
In this example, we send a GET request to the Kraken API with a URL and an exchange token (ETH
). The get_market_price
function returns a JSON response containing the market price.
Access previous history
To access Ethereum’s past price history, we can use the same approach as before. We will modify our previous code to retrieve data from the `Kraken API''.
Here is a sample code:
import requests
def get_past_history(exchange_url):
response = requests.get(f"{exchange_url}/api/v1/ohlcv")
return response.json()
exchange_url = "
past_history = get_past_history(exchange_url)
print(past_history)
In this example, we send a GET request to the Kraken API with the URL and the exchange symbol (ETH). The
get_past_historyfunction returns a JSON response containing the past price history of Ethereum.
Accessing Volume
To access the volume of Ethereum transactions on the blockchain, we can use the same approach as before. We will modify our previous code to retrieve data from theKraken API.
Here is a sample code:
import requirements
def get_volume(exchange_url):
response = requests.get(f"{exchange_url}/api/v1/transactions")
return response.json()
exchange_url = "
volume = get_volume(exchange_url)
print (volume)
In this example, we send a GET request to the Kraken API with a URL and an exchange token (ETH). The
get_volumefunction returns a JSON response containing the amount of Ethereum transactions on the blockchain.
Conclusion
Using Python and popular libraries likerequestsand
pandas`, you can access Ethereum market price, past history and volume from multiple cryptocurrency exchanges. While this may not be a comprehensive solution, it can certainly provide a starting point for further research and data analysis.
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