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Ethereum

Ethereum Price

ETH#2
$2,479.68USD
−$26.57 (−1.06%)Past 24 hours
Periodic reference priceUpdated UTC+8

Ethereum to US Dollar Chart

24-hour volume (USD)
24-hour price rangeLow / High
$2,470.75$2,505.51

Price Performance

24 hours
−1.06%
7 days
+0.51%
30 days
+29.08%
90 days
+55.58%
1 year
−43.52%
YTD
−17.64%

Market Data

Market cap
$302.60B
24h volume
$7.89B
Volume / market cap
2.61%
Fully diluted value
$299.09B
Circulating supply
122.02M ETH
Total supply
122.02M ETH
Market cap rank
#2

Ethereum Historical Prices

All-time high$4,945.672025-08-24−49.86%
All-time low$80.902018-12-14
52-week high / low$4,768.60$1,505.12
30-day annualized volatility10.76%Calculated from the reference-price series

Historical Market Data

OpenHighLowCloseVolumeChange
09/07/2026, 08:00$2,514.86$2,535.41$2,466.18$2,489.7111,568.69 ETH−0.99%
09/06/2026, 08:00$2,480.51$2,525.00$2,461.50$2,514.528,242.89 ETH+1.37%
09/05/2026, 08:00$2,456.31$2,495.89$2,445.02$2,480.595,311.65 ETH+0.99%
09/04/2026, 08:00$2,507.46$2,546.17$2,430.53$2,456.1610,960.83 ETH−2.05%
09/03/2026, 08:00$2,390.65$2,529.59$2,369.60$2,507.6212,207.21 ETH+4.88%
09/02/2026, 08:00$2,417.37$2,426.76$2,355.47$2,390.979,252.15 ETH−1.09%
09/01/2026, 08:00$2,465.54$2,484.34$2,382.71$2,417.2811,329.71 ETH—

OHLCV comes from Bitstamp; non-USD prices use the nearest available ECB business-day rate.

Ethereum Network and Basics

Network
Ethereum
Consensus
Proof of Stake (PoS)
Network launch date
2015-07-30
Ethereum.orgEthereum whitepaperBlock explorer

Issuance and Network Parameters

Defined by Ethereum protocol rules, not by market prices.

Target slot interval
12 seconds
Slots per epoch
32 (about 6.4 minutes)
Validator deposit
32 ETH
Max effective balance
2,048 ETH
Supply cap
None in protocol
Base fee handling
Burned under EIP-1559
Smallest unit
1 wei = 10⁻¹⁸ ETH

Ethereum Issuance Timeline

Key events affecting issuance and network rules.

  1. Mainnet launch

    The Frontier release started contract execution on the network.

  2. London upgrade introduces the EIP-1559 burn

    Fees split into base fee plus priority fee, with the base fee removed from supply.

  3. The Merge: proof of work replaced by proof of stake

    Mainnet joined the beacon chain, ending GPU mining on Ethereum.

  4. Shapella enables staking withdrawals

    Validators could retrieve principal and accrued rewards for the first time.

  5. Dencun adds blob data for layer 2

    EIP-4844 opened a cheaper data channel and lowered rollup costs.

  6. Pectra upgrade

    Max effective validator balance raised to 2,048 ETH, blob throughput doubled, and accounts can temporarily execute contract code.

  7. Fusaka ships PeerDAS

    Nodes sample blob data instead of downloading it in full, cutting bandwidth requirements.

Ethereum Market Summary

Ethereum's current aggregated reference price is 2,479.68 USD and fell 1.06% over 24 hours. Volume is $7.89B, market cap is $302.60B, and market-cap rank is #2.

About Ethereum

What is Ethereum?

Ethereum (ETH) is a programmable settlement network. ETH is both the native asset and the unit that pays for computation and storage. Unlike a ledger that only records transfers, contract code on Ethereum is executed by every node under the same rules, so a transaction produces the same result anywhere. The same separation applies when reading a price: ETH is the asset unit, the dollar is the quote unit, and an exchange print is one market at one moment.

Issuance and burn run at the same time

Ethereum has no fixed supply cap, which is where it departs from Bitcoin. New ETH is issued as staking rewards at a rate set by how many validators are active, while the base fee on every transaction is permanently burned under EIP-1559. The two forces point in opposite directions, so net supply depends on how busy the chain is: annual net issuance can be positive or negative, and it is not a curve written in advance. Reading supply here means reading both sides.

Proof of stake changed the type of risk

Since the 2022 Merge, Ethereum secures its ledger with staked ETH rather than hash power. A validator deposits 32 ETH to earn the right to propose and attest blocks, and misbehaviour is penalised by slashing part of that stake. That moves the cost of security from electricity to capital, and it changes what is worth watching: stake concentration, client diversity and exit queues replace miner geography and power prices.

Ethereum FAQ

What determines Ethereum's price?

There is no issuer price. Orders match on each venue and form prints; liquidity and quote currency differ, so quotes at the same moment can differ. This page shows an aggregated reference price for tracking the market, not a price you can necessarily fill at.

Why does Ethereum have no supply cap?

The protocol sets no maximum. Net supply is the result of two rules: staking rewards issue new ETH continuously, and transaction base fees are burned permanently. When the chain is busy the burn can exceed issuance and net supply falls; when it is quiet the reverse holds. This is also why a fully diluted value column does not apply to ETH.

Where do staking rewards come from, and what are the risks?

Rewards come from newly issued ETH plus a share of transaction fees. Three risks matter: a misbehaving validator has stake slashed; exits and withdrawals are queued rather than instant; and delegating to a staking service adds that provider’s operational and contract risk. The rate moves with total stake and is not a fixed yield.

Why do gas fees move around?

Gas prices come from supply and demand for block space. The base fee adjusts automatically from the previous block’s congestion, and users can add a priority fee to be included sooner. Since Dencun, layer-2 networks post data as blobs, which eased sustained mainnet congestion, but fees still track demand.

Can Ethereum still be mined after the Merge?

No. Proof of work stopped producing Ethereum mainnet blocks in September 2022, closing the GPU-mining path for ETH. Networks that still use proof of work are chains that forked away from Ethereum, and their assets are not ETH.

What pays for an Ethereum transaction?

ETH pays the network fee, usually called gas. The cost depends on the computation requested and current demand for block space.

What is staking ETH?

Validators lock ETH to help secure Ethereum and earn protocol rewards, but staking has withdrawal, validator, and service-provider risks.

What are layer-2 networks?

Layer-2 networks process activity separately and settle back to Ethereum. Their tokens, fees, bridges, and security assumptions can differ from Ethereum mainnet.

Why are Ethereum fees sometimes high?

Complex transactions and busy periods compete for gas. A token transfer, a swap, and an NFT action can consume different amounts of gas.

Is every token on Ethereum the same as ETH?

No. ETH is the native asset used for gas. ERC-20 tokens and NFTs are smart-contract assets with their own issuers and rules.

Ethereum Global Prices

Converted using the latest ECB reference rate
USD
Ethereum to US Dollar$2,479.68
CNY
Ethereum to Chinese Yuan¥16,640.90
EUR
Ethereum to Euro€2,133.61
JPY
Ethereum to Japanese Yen¥387,443
GBP
Ethereum to British Pound£1,832.73
AUD
Ethereum to Australian DollarA$3,442.37