Ethereum's current price stands at $1,789.22, with a 24-hour trading volume of $21.8 billion. Over the past day, the price of Ethereum has decreased by 1.11%. It currently holds the position as the second-largest cryptocurrency by market capitalization, with a real-time market cap of approximately $215.04 billion. The circulating supply is 120.2 million ETH, and the maximum supply is also 120.2 million ETH.
Ethereum Price Performance Overview
Ethereum's price today: $1,789.46
Key metrics for Ethereum within the last 24 hours include:
- 24H High: $1,852.80
- 24H Low: $1,761.62
- All-Time High: $4,881.74
- All-Time Low: $0.420897
- 24H Volume: 254.4 million
- 24H Turnover Rate: 3.13%
- 24H Volatility: 5.18%
Additional metrics show a 7-day increase of 13.79% and a 30-day gain of 13.35%, indicating significant mid-term growth despite recent minor corrections.
Ethereum Real-Time Market Data
The Ethereum network continues to demonstrate robust activity. Its market dominance remains strong, accounting for roughly 17.18% of the total cryptocurrency market cap. The fully diluted valuation mirrors its current market cap at $215.8 billion, with a circulating supply that has reached 100% of its total intended issuance.
We consistently update the Ethereum to US Dollar (ETH/USD) exchange rate to provide the most accurate market snapshot.
Historical Price Analysis of Ethereum
2015-2016: The Initial Surge
Ethereum launched its initial coin offering (ICO) in August 2015. The native token, Ether (ETH), was initially priced around $0.31. Following its public debut, the price experienced a steady climb, eventually reaching an early high of approximately $16.34 by early 2016. This period marked the beginning of Ethereum's journey as a foundational blockchain platform.
2017: The Breakout Year
The year 2017 was a landmark period for Ethereum. Starting the year near $10, ETH's value skyrocketed, driven by growing interest in its smart contract capabilities and the initial wave of decentralized applications (dApps). By year's end, Ethereum had achieved a stunning new all-time high near $1,400, cementing its status as a major player alongside Bitcoin.
2018-2019: Market Correction and Volatility
After the euphoria of 2017, the broader cryptocurrency market entered a prolonged correction phase. Ethereum's price retraced significantly, hitting a low near $83 in 2018. Although 2019 saw a partial recovery, with prices climbing back to around $364, it failed to surpass the previous cycle's peak, reflecting a period of consolidation and development.
2020-2021: Steady Recovery and New Highs
Market sentiment began to improve in 2020. Ethereum broke through key resistance levels, surpassing $300 and approaching $400. The momentum accelerated dramatically in 2021. Fueled by the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), Ethereum's price soared, shattering its previous record and reaching an unprecedented high above $4,800. This era highlighted the network's critical utility beyond mere speculation.
For those looking to track these market movements in real-time, numerous advanced charting tools are available.
Frequently Asked Questions
What is Ethereum (ETH)?
Ethereum is a decentralized, open-source blockchain system that features smart contract functionality. It serves as a global platform for thousands of decentralized applications and is the foundation for the vast majority of the DeFi and NFT ecosystems. Its native currency, Ether (ETH), is used to pay for transaction fees and computational services.
Where is the best place to buy Ethereum (ETH)?
Ethereum can be purchased on numerous reputable cryptocurrency exchanges worldwide. These platforms typically offer trading pairs like ETH/USDT and ETH/USDC, and many allow direct purchases using fiat currencies. Always ensure you choose a platform that is secure, compliant, and suits your trading needs. You can explore more strategies for acquiring and trading ETH on major platforms.
How should I store my Ethereum (ETH) tokens?
ETH can be stored in a variety of wallet types. These include custodial wallets provided by exchanges, which offer convenience for active trading, and self-custody options like hardware wallets (e.g., Ledger, Trezor) or software wallets (e.g., MetaMask). Self-custody wallets provide enhanced security by giving you full control over your private keys.
Is Ethereum (ETH) a good investment?
Like any cryptocurrency, investing in Ethereum carries inherent risk due to its price volatility. Its long-term value is often tied to the adoption and utility of its underlying network. While it has shown significant growth and has a strong use case, potential investors should conduct thorough research (DYOR - Do Your Own Research) and assess their personal risk tolerance before investing.
What is the total supply of Ethereum (ETH)?
Following its transition to a Proof-of-Stake consensus mechanism, Ethereum's issuance model changed. The current circulating supply is approximately 120.2 million ETH. Unlike Bitcoin, Ethereum does not have a strict hard cap, but its issuance is now controlled and predictable based on network staking activity.
How does Ethereum's technology impact its price?
Major technological upgrades, most notably "The Merge" to Proof-of-Stake, significantly influence Ethereum's price. These developments aim to enhance scalability, security, and sustainability, which can increase investor confidence and demand for ETH. The successful implementation of future upgrades is a key factor watched by the market.