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Market stats

Market cap


Volume (24h)


Circulating supply

120.2M ETH

Typical hold time

52 days



All time high


Price change (1h)


Price change (24h)


Price change (7d)


About Ethereum

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 (ETH) is a decentralized, open-source blockchain that aims to become a global platform for decentralized applications and strives to enable users worldwide to write and run software resistant to censorship, downtime, and fraud. As the nonprofit Ethereum Foundation puts it, it "Is for more than payments. It's a marketplace of financial services, games, and apps that can't steal your data or censor you." Ethereum is the second-biggest cryptocurrency by market cap after Bitcoin as of 2023 and a decentralized computing platform that can run a wide variety of applications — including a universe of decentralized finance (or DeFi) apps and services. This platform is powered by its native cryptocurrency, Ether, which is used within the Ethereum network for various operations, making it an integral part of the system.

How does Ethereum work?

Ethereum operates through a network of computers that aim to work together as a supercomputer. The network, in its capacity, validates and processes transactions through a system known as mining. Miners, participants in the network, solve complex mathematical problems to confirm transactions, which are then added to the Ethereum blockchain. Ethereum's core innovation, the Ethereum Virtual Machine (EVM), allows for the execution of smart contracts. These are self-executing contracts with the terms of the agreement directly written into lines of code, eliminating the need for a third party. Ethereum also hosts other cryptocurrencies using its ERC-20 compatibility standard, making it a vital player in the blockchain ecosystem.

What are the potential use cases for Ethereum?

Ethereum's potential use cases extend beyond the simple transfer of value. Its platform enables the development of a wide range of decentralized applications (dApps) that operate on its blockchain. These dApps can offer services ranging from games to digital identity systems and from supply chain tracking to complex financial instruments. Ethereum also enables the creation and exchange of non-fungible tokens (NFTs), unique digital assets that can represent ownership of a variety of items and content.

What is the history of Ethereum?

In 2013, a 19-year-old computer programmer (and Bitcoin Magazine co-founder) named Vitalik Buterin released a whitepaper proposing a highly flexible blockchain that could support virtually any kind of transaction. Buterin, along with other co-founders, including Gavin Wood, secured funding for the project with the sale of $18 million in pre-launch tokens in 2014. In July 2015, the first public version of the Ethereum blockchain was launched, and smart contract functionality began to roll out on the Ethereum blockchain. Since its launch, Ethereum has undergone several planned protocol upgrades, known as milestones, which improve the system's functionality, performance, and security. These upgrades are decided by consensus within the community and aim to represent the ongoing development and forward-thinking nature of the Ethereum project. In 2022, Ethereum went through a major upgrade, switching from proof-of-work to proof-of-stake to become a more secure and energy-efficient blockchain.

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 (understand "locking") 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.

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. 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.

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.


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State of Stablecoins: Signs of Returning Liquidity

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WOW EARN Unveils Layer 1 Blockchain, Redefining Efficiency and Global Accessibility

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BeInCrypto • Dec 05, 23

Ethereum Bull Run Yet to Begin, Why ETH is Undervalued at $2.2K

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Decrypt • Dec 04, 23

Is NFT Winter Over? Prices Climb as Bitcoin and Ethereum Surge

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Some highlights about Ethereum on social media

113,746 unique individuals are talking about Ethereum and it is ranked #4 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 0 out of 5. Finally, Ethereum is becoming less newsworthy, with 55 news articles published about Ethereum. This is a 38.78% decrease in news volume compared to yesterday.

On Twitter, people are mostly neutral about Ethereum. There were 38.1% of tweets with bullish sentiment compared to 5.88% of tweets with a bearish sentiment about Ethereum. 56.02% of tweets were neutral about Ethereum. These sentiments are based on 129822 tweets.

On Reddit, Ethereum was mentioned in 0 Reddit posts and there were 0 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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113,746 people


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News Articles



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Coinbase Bytes

Shapella upgrade

Stake It or Leave It: What does Ethereum’s Shapella upgrade mean for ETH holders?


Ethereum’s next upgrade will enable staked ETH withdrawals. The Shapella upgrade is scheduled to go live on April 12.
    While The ETH Merge was a major milestone for Ethereum’s underlying economics and scalability, one key loose-end remained — the ability to “unstake” (withdraw) staked ether. Now, the Shapella upgrade, scheduled for April 12, aims to finally enable holders of staked ETH to withdraw their assets. 
    Shapella refers to the simultaneous Shanghai and Capella upgrades, slated to go live next week on April 12. Shanghai will update Ethereum’s “execution layer” — the part of the blockchain that includes smart contracts and protocol rules. Capella will update the “consensus layer” — the part of the network that ensures validators are following those rules.
    The Shapella upgrade is the first major milestone for Ethereum after last year’s Merge, but it’s the first of many. Ethereum still has an impressively detailed, years-long roadmap, which includes an eclectic mix of rhyming phases, and sci-fi sounding scalability upgrades.

Noteworthy numbers: The percentage of Ethereum stakers that are currently in profit.


16% of Ethereum stakers that are currently in profit ahead of ETH’s Shanghai upgrade, slated for April.
    Shanghai will finally enable stakers to withdraw staked ETH, leading some to speculate about market impact when holders are finally able to sell. But with a small amount of stakers able to realize gains, the upgrade could see stakers stay in the market until more favorable conditions arise.

Coinbase Bytes

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

Ethereum is on the rise this week.

The price of Ethereum has risen by 10.64% in the past 7 days. The price increased by 2.16% in the last 24 hours. In just the past hour, the price shrunk by 1.30%. The current price is $2,268.05 per ETH. Ethereum is 53.63% below the all time high of $4,891.70.

The current circulating supply is 120,230,295.784 ETH.


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 $273.81B. 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 $14.20B.

What other assets are similar to Ethereum?

Assets that have a similar market cap to Ethereum include Bitcoin, Tether, BNB, 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 120 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 52 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.

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.

Discover ENS Profiles

Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on Check out some of the most popular ENS profiles below.