Get up to $200 for getting started
Coinbase Logo
Ethereum logo

Ethereum

ETH

Trade Ethereum today

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

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.

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.

Ethereum operates through a blockchain network, which serves as a decentralized, immutable ledger to record transaction histories. At its core, it uses Ether (ETH), the platform's native digital currency, to enable computations and transaction validation within the ecosystem. In contrast to its predecessor, Bitcoin, Ethereum's blockchain aims to support a diverse range of applications on its network, from decentralized applications (DApps) to decentralized finance (DeFi) services. Initially using a proof-of-work (PoW) system, Ethereum shifted to a proof-of-stake (PoS) model with 'The Merge,' with the goal of enhancing efficiency and reducing environmental impact. Validators now stake ETH to secure the network, moving away from energy-intensive mining.

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.

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.

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.

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.

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.

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

Market

Market stats

Market cap

$384.4B

Volume (24h)

$10.1B

Circulating supply

120.2M ETH

Typical hold time

44 days

Popularity

#2

All time high

$4,721.07

Market performance

Price change (1h)

+0.21%

Price change (1d)

+1.03%

Price change (1w)

+6.74%

Price change (2w)

-5.5%

Price change (1m)

-8.87%

Price change (1y)

+63.83%

Related Assets

Discover conversions

A selection of conversions from different assets to top cryptocurrencies.

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 coinbase.com 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 12 are the closest to Ethereum in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Social

Some highlights about Ethereum on social media

298,498 unique individuals are talking about Ethereum and it is ranked #7 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 3.4 out of 5. Finally, Ethereum is becoming more newsworthy, with 36 news articles published about Ethereum. This is a 26.67% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Ethereum. There were 41.82% of tweets with bullish sentiment compared to 5.89% of tweets with a bearish sentiment about Ethereum. 52.29% of tweets were neutral about Ethereum. These sentiments are based on 67793 tweets.

On Reddit, Ethereum was mentioned in 2298 Reddit posts and there were 4087 comments about Ethereum. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush

Overview

Contributors

298,498 people

Posts

74,824 posts

Dominance

2.36%

Volume rank

#7

Average Sentiment

3.4 out of 5

News Articles

36

Twitter

Reddit

Posts

2,298

Comments

4,087

Post Score

12,249

Comment Score

12,422

Ethereum Calculator

Coinbase Bytes

ETH Season: Ethereum rallies after spot ETFs gain SEC approval

ETH Season: Ethereum rallies after spot ETFs gain SEC approval

COINBASE BYTES • MAY 31, 2024

Ethereum ETFs received approval. How the news surprised market analysts, and the remaining step before ETH ETFs can begin trading.
    Why did the SEC’s approval of Ethereum ETFs come as a surprise? After the SEC repeatedly delayed making a decision on spot ETH ETFs, many market watchers had little optimism the products would gain approval anytime soon — Bloomberg’s ETF analysts had pegged the odds at just 25% earlier this month
    When will ETH ETFs hit the market? Nobody knows for sure, but it could take a little while — with some analysts anticipating a launch date in July or August.
    What are some big-picture implications of the approvals? The SEC defined the ETF products as “commodity-based trust shares” in its decision. “The implications of this classification are potentially significant and wide-ranging,” reports Forbes. “For starters, if more cryptocurrencies are classified as commodities, the SEC’s role in regulating cryptocurrencies could be more limited.”
Market Bytes: Analysts make ETH ETF predictions

Market Bytes: Analysts make ETH ETF predictions

COINBASE BYTES • JUN 13, 2024

ETH inflows rise as ETFs approach.
    ETH investment products saw $69 million in inflows last week, the highest number since March. The uptick was all the more notable given that the biggest potential ETH investment products — spot ETFs — haven’t begun trading yet.
    After gaining the first part of SEC approval last month, spot Ethereum ETF issuers including BlackRock and Fidelity are still waiting for comments from the agency on their draft filings before they can begin trading. Nobody knows when that process will conclude, with SEC Chair Gary Gensler declining to say whether it could take weeks or months.
    How big would the market be for ETH ETFs? Estimates vary, but here’s what several analysts have said recently: According to Bitfinex’s Head of Derivatives, ETH ETFs could see between 10% and 20% of BTC ETF inflows. Bloomberg’s Balchunas makes a similar prediction, noting that the total market for ETH ETFs could “struggle” to get past 20% of the BTC ETF market — although that would still be around $12.5 billion in value. A JPMorgan report was among the least bullish, predicting a “modest” $1 billion to $3 billion of net inflows in 2024.

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 increased by 0.21% in the last hour and increased by 1.03% in the past 24 hours. Ethereum’s price has also risen by 6.74% in the past week. The current price is $3,197.25 per ETH with a 24-hour trading volume of $10.11B. Currently, Ethereum is valued at 32.28% below its all time high of $4,721.07. This all-time high was the highest price paid for Ethereum since its launch.

The current circulating supply of Ethereum is 120,215,726.06 ETH which means that Ethereum has as total market cap of 120,215,726.06.

FAQ

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 $384.43B. 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 $4,721.07. 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 $10.11B.

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 44 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.