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2/6/2023, 9:30:57 AM

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Market stats

Market cap


Volume (24h)


Circulating supply

122.4M ETH

Typical hold time

124 days



All time high


Price change (1h)


Price change (24h)


Price change (7d)


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Ethereum is on the rise this week.

The price of Ethereum has risen by 2.24% in the past 7 days. The price declined by 2.38% in the last 24 hours. In just the past hour, the price shrunk by 0.06%. The current price is $1,629.75 per ETH. Ethereum is 66.68% below the all time high of $4,891.70.

The current circulating supply is 122,373,866.218 ETH.


Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.

What is Ethereum?

Ethereum is the second-biggest cryptocurrency by market cap after Bitcoin. It is also a decentralized computing platform that can run a wide variety of applications — including a universe of decentralized finance (or DeFi) apps and services.

Everything from financial tools and games to complex databases are already running on the Ethereum blockchain. And its future potential is only limited by developers’ imaginations. As the nonprofit Ethereum Foundation puts it: “Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you.”

How does Ethereum work?

Ethereum-based apps are built using its key innovation: “smart contracts.” Smart contracts, like regular paper contracts, establish the terms of an arrangement between parties. But unlike an old-fashioned contract, smart contracts automatically execute when the terms are met without the need for either participating party to know who is on the other side of the deal — and without the need for any kind of intermediary.

What is the difference between Bitcoin and Ethereum?

Ethereum, like Bitcoin, is an open source project that is not owned or operated by a single individual. Anyone with an internet connection can run an Ethereum node or interact with the network. However, Ethereum differs from Bitcoin in its ability to build and execute smart contracts. Smart contracts enable a vast ecosystem of applications on Ethereum, such as stablecoins (which are pegged to the dollar by smart contract), decentralized finance apps (collectively known as DeFi), and other decentralized apps (or dapps).

Until recently, Ethereum and Bitcoin were both secured by “miners” running specialized hardware to solve difficult math problems. In September 2022, Ethereum mining was phased out and Ethereum transitioned to Proof-of-Stake. Ethereum is now secured by a global network of validators running Ethereum’s software while staking a certain amount of ETH tokens. Validators earn rewards generated in Ether (ETH) for participating in the process, and can have their stake slashed if they violate the rules of the protocol. Anyone with an ETH stake and computer meeting the requirements can become a validator.

Who created Ethereum?

In 2013, a 19-year-old computer programmer (and Bitcoin Magazine cofounder) named Vitalik Buterin released a whitepaper proposing a highly flexible blockchain that could support virtually any kind of transaction. In 2014, Vitalik, along with a team of cofounders including Gavin Wood, crowdfunded the development of the Ethereum protocol with the sale of $18 million in pre-launch tokens. In 2015, the first public version of the Ethereum blockchain launched in July and smart contract functionality began to roll out on the Ethereum blockchain.

How can I stake Ethereum?

Coinbase makes it easy and secure to stake your ETH. Through Coinbase’s built-in staking feature, anyone can stake their ETH (as much or as little as you’d like) in just a few taps. In your Coinbase app, navigate to the ETH asset page. You’ll see a prompt to stake your ETH. Staked ETH (and rewards) can't be unstaked until the Ethereum network upgrade is complete, which most experts estimate will happen sometime in 2023. If you want to sell or send your ETH staked on Coinbase, you can do so by converting it to cbETH, Coinbase’s Wrapped Staked ETH token. The price of cbETH is determined by the market and may lose value. cbETH is available in select regions. Learn more about cbETH.

Why does the price of Ethereum fluctuate?

Like Bitcoin, Ethereum’s price is based on a global marketplace of supply and demand. Its price can be volatile in the short-term as demand overwhelms supply and vice versa.

How can I buy Ethereum?

By creating an account on Coinbase or an increasing number of other reputable financial technology companies, you can buy, send, and receive Ethereum. 

Released: July 2015

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Some highlights about Ethereum on social media

Ethereum was mentioned in 200,863 out of 1,661,516 social media posts on Twitter and Reddit on Jan 19, 2023. This is a 8.5% decrease compared to yesterday's volume. Additionally, 11,336 unique individuals are talking about Ethereum and it is ranked #2 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Ethereum has an average sentiment score of 3.2 out of 5. Finally, Ethereum is becoming more newsworthy, with 10 news articles published about Ethereum. This is a 4.76% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Ethereum. There were 30.86% of tweets with bullish sentiment compared to 10.63% of tweets with a bearish sentiment about Ethereum. 58.51% of tweets were neutral about Ethereum. These sentiments are based on 9562 tweets.

On Reddit, Ethereum was mentioned in 11 Reddit posts and there were 47 comments about Ethereum. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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11,336 people


200,863 posts



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Average Sentiment

3.2 out of 5

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Ethereum Shanghai Upgrade

Shanghai Soon: Ethereum developers are determining the blockchain’s next upgrade.


Just months after migrating the second-biggest blockchain to Proof of Stake and drastically reducing its carbon footprint, Ethereum’s developers are already actively planning the network’s next upgrade following the Merge, known as Shanghai. 
    In late November, Ethereum developers met to consider which new Ethereum Improvement Proposals (EIPs) to include in Shanghai. While the upgrade’s timing is still unclear (likely sometime in 2023), the group has whittled the list of EIPs down to eight.
    EIP 4895 will finally enable users to withdraw staked (hence, Proof of Stake) ether, which has been accumulating on Ethereum’s blockchain since December 2020. Right now, more than $18 billion worth of ETH is staked and locked into Ethereum’s Beacon Chain.
    EIP 4844, which is also known as (the colorfully named) proto-danksharding, is an improvement that would make Ethereum more scalable via a method that splits up the network into smaller “shards” to increase capacity and lower gas fees.
    The Ethereum Virtual Machine will see five new EIPs. The EVM is responsible for the network’s deployment of smart contracts, and the collection of proposed improvements aim to make smart contract execution safer.

Market update: Ethereum reaches a post-Merge milestone


Lots of developments throughout the cryptoverse this week. Ethereum reached a long-anticipated post-Merge milestone last week, becoming deflationary for the first time since the blockchain transitioned to Proof-of-Stake. Let's dive into it!
    More ETH was burned while verifying transactions than was created in the same time period, leading to a –0.13% supply reduction, approximately 4,000 tokens. ICYMI, since the Merge, the rate of new ETH creation has dropped nearly 90%.
    Despite theories that a decline in ETH supply would correspond with higher prices (assuming demand remains constant), ETH’s price has dropped roughly 4% vs. the previous week
    An ETH-based token project called XEN prompted Ethereum’s deflationary burn rate this weekend when it drove a massive spike in network traffic that also caused ETH’s burn rate to increase. XEN subsequently raised some eyebrows on Crypto Twitter, leading some observers to question the project’s economics.

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What is the current price of Ethereum?

We update our Ethereum to USD currency in real-time. Get the live price of Ethereum on Coinbase.

What is the market cap of Ethereum?

The current market cap of Ethereum is $199.33B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Ethereum?

The all-time high of Ethereum is $4,891.70. This all-time high is highest price paid for Ethereum since it was launched.

What is the 24 hour trading volume of Ethereum?

Over the last 24 hours, the trading volume of Ethereum is $7.51B.

What other assets are similar to Ethereum?

Assets that have a similar market cap to Ethereum include Bitcoin, Ethereum 2, Tether, and many others. To see a full list, see our comparable market cap assets.

How many Ethereum are there?

The current circulating supply of Ethereum is 122 million.

What is the typical holding time of Ethereum?

The median time that Coinbase customers hold Ethereum before selling it or sending it to another account or address is 124 days.

What is the relative popularity of Ethereum?

Ethereum ranks 2 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Ethereum?

Currently, 89% of Coinbase users are buying Ethereum. In other words, 89% of Coinbase customers have increased their net position in Ethereum over the past 24 hours through trading.

Can I buy Ethereum on Coinbase?

Yes, Ethereum is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Ethereum guide.