Ethereum logo



11/29/2022, 5:59:28 AM

Trade Ethereum today

Create a Coinbase account to buy and sell Ethereum on the most secure crypto exchange.


Market stats

Market cap


Volume (24h)


Circulating supply

122.4M ETH

Typical hold time

118 days

Trading activity

Not enough data



All time high


Price change (1h)


Price change (24h)


Price change (7d)


Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.


Ethereum is on the rise this week.

The price of Ethereum has risen by 9.95% in the past 7 days. The price increased by 3.39% in the last 24 hours. In just the past hour, the price grew by 0.80%. The current price is $1,206.945 per ETH. Ethereum is 75.33% 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).

Like Bitcoin, Ethereum is secured by a global network of computers called “miners'' that process and verify transactions. However unlike Bitcoin, Ethereum plans to phase out mining altogether, eventually shifting to a mechanism called “proof of stake.”

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 are new ETH created?

Today, anyone with a powerful graphics processor can mine Ethereum on their computer, however it may not be profitable. Like Bitcoin, small-scale miners compete with more large operations using powerful, specialized hardware. Ethereum mining is planned to be phased out in 2022 in favor of a technology called proof of stake. The official transition from proof of work to proof of stake, which has been years in the making, is culminating in an event called The Ethereum Merge, often times shortened to just The Merge.

Via proof of stake, Ethereum will be secured by a global network of validators running Ethereum’s software while staking a certain amount of ETH tokens. Once the Ethereum Merge is complete, anyone with an ETH stake and computer meeting the requirements can become a validator.

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. However, over the long-term the price of ETH has historically outperformed many traditional investments such as major stock and bond indices.

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

Related Assets

People also view

People who viewed Ethereum tend to also view the following cryptocurrencies.

Trending assets

Assets with the biggest change in unique page views on over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Ethereum in market cap.

Ethereum Calculator

How much is 1 ETH?

Conversion Table

View more

Last update: 5:52 AM

Reading List

Coinbase Bytes

Eth Merge

The Ethereum Merge succeeded. What now?


Like an incredibly high stakes iOS update for the crypto industry, the long-awaited Ethereum Merge successfully launched, overhauling the second-biggest cryptocurrency's blockchain. So, what were the immediate impacts, and what can we expect?
    The Merge was a success, but Ethereum slumped roughly 15% since the upgrade. Analysts claim this is because enthusiasm of The Merge was already priced in, not to mention the skittish markets due to the Fed's latest interest hike decision.
    The Merge reduced worldwide electricity usage by 0.2%, per one estimate shared by Ethereum co-creator Vitalik Buterin. 
    Ethereum could become a “deflationary asset” over time, which might make ETH more attractive as a store of wealth. 
    Ethereum’s forthcoming “Shanghai” upgrade is expected to enable users to finally withdraw staked ETH sometime next year. 

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.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox


What is the current price of Ethereum?

The price of 1 Ethereum currently costs $1,206.94.

What is the market cap of Ethereum?

The current market cap of Ethereum is $147.68B. 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 $7.21B.

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 118 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, 84% of Coinbase users are buying Ethereum. In other words, 84% of Coinbase customers have increased their net position in Ethereum over the past 24 hours through trading.