Ethereum

$2,353.94
$32.15(+1.37%)Today
Market cap
287.57B
Total volume (24h)
6.13B
Volume / Market cap
0.0213
Circulating supply
122.16M
Day range (24h)
$2,317.90$2,368.07
All-time low
$0.433
All-time high
$4,946.05

About Ethereum (ETH)

Current ETH Price: $2,353.94 | October 25, 2026  | Market cap: $287,571,478,860.

What is ETH?

Ethereum is a decentralized blockchain network and the world's leading platform for digital smart contracts, conceived in 2013 and launched in 2015. Its native token, ETH (pronounced "Eee-th"), acts like fuel that powers the entire ecosystem.

What is a smart contract?

A smart contract is a digital agreement written in computer code that lives on a blockchain like Ethereum.  It automatically does something when certain conditions are met. For example: If you send me 1 ETH, the smart contract instantly sends you a digital artwork (NFT). The code follows its programmed rules automatically, 24/7. No human involvement is needed.

Ethereum's network is a vast, secure, public ledger that records every transaction. Traditional smart contracts follow their original rules, and can’t be changed once executed. Upgradable smart contracts can be updated for new features or bug fixes.

What is Ethereum known for?

Ethereum powers the world's largest DeFi economy across 100+ EVM Layer 2 networks (L2s) and thousands of EVM-compatible chains, delivering 100,000+ TPS total capacity. It pioneered smart contracts (2015) and hosts the most active global developer community (60%+ market share).

Real-world Ethereum ecosystem performance:

- Base layer: ~15 TPS, battle-tested security

- L2s: Fast transactions

- Ecosystem: Thousands of decentralized applications, $2T+ all-time volume processed

Recent & planned upgrades: Pectra (live May 2025), Fusaka (live Dec 2025), Glamsterdam (live by mid 2026, with ePBS for MEV resistance), Hegota (live by 2026 with Verkle Trees for state growth).

How does DeFi impact the price of ETH?

Decentralized finance apps are one of Ethereum's top use cases today, and allow you to buy, sell, trade, and stake assets like ETH without intermediaries or banks. To start buying, selling, or trading ETH, all you have to do is connect to a leading crypto wallet like MetaMask.

DeFi is a global financial system, and an alternative to TradFi that is accessible to anyone with an internet connection, open 24/7 worldwide.

Price history

Today (October 25, 2026)$2,353.94+1.37%
24 hours ago (October 24, 2026)$2,322.22+1.37%
1 week ago (October 18, 2026)$2,361.26-0.31%
1 month ago (September 25, 2026)$2,680.69-12.19%
1 year ago (October 25, 2025)$3,928.75-40.08%

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ETH market moves

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24h change: -0.86%. From $2,349.31 to $2,329.22.

  • Ethereum core developers decided to delay the Glamsterdam activation on the Hoodi testnet that was scheduled for October 26, 2026. The move follows a review of EIP-8037 and related gas repricing changes that could alter how some deployed smart contracts handle failed transactions or gas assumptions. Security researchers at ChainSecurity identified 13 real-world contract examples potentially affected, raising concerns about insufficient gas griefing. This cautious approach prioritizes compatibility and security before advancing features like enshrined proposer-builder separation, block-level access lists, and support for higher gas limits aimed at improving scalability.
  • Ethereum experienced one of its largest daily net exchange withdrawals in over four months, with approximately 170,000 ETH leaving centralized platforms. This occurred alongside more than $1 billion in net outflows from U.S. spot Ethereum ETFs through late October. These flows reflect mixed signals with some holders moving assets to self-custody while institutional products see redemptions. The developments come as gas fees remain near multi-year lows and layer-2 activity continues to grow.
  • Staking on Ethereum has reached record levels with a significant portion of supply locked. DeFi TVL remains around $49 billion while average gas prices stay very low, often under 1 gwei for simple transactions. Layer-2 networks continue expanding transaction volume, helping distribute activity away from the mainnet. These metrics highlight ongoing utility and development even as the native token price faces downward pressure over recent weeks and months.

24h change: -2.08%. From $2,389.83 to $2,340.09.

  • Ethereum developers postponed the Glamsterdam upgrade on the Hoodi testnet after ChainSecurity identified risks in how new gas accounting rules interact with deployed smart contracts. The changes could affect error handling for failed calls or permanently record certain operations in some cases. No new activation date has been set, though the upgrade previously activated on Sepolia. This review ensures compatibility and security before any mainnet deployment. The decision reflects Ethereum's careful approach to protocol upgrades that aim to improve scaling, gas pricing, and proposer-builder separation.
  • JPMorgan launched its JPM Coin deposit token on Ethereum, allowing institutional clients to transfer USD on the public blockchain. The move brings traditional finance infrastructure onto Ethereum alongside existing support on other networks. Early analysis showed zero initial supply and limited on-chain activity immediately after launch. It represents continued institutional adoption of Ethereum for settlement and transfer use cases.

24h change: -0.75%. From $2,405.06 to $2,386.91.

  • The Ethereum Foundation postponed the Glamsterdam activation on the Hoodi testnet that had been set for October 26 2026 at epoch 132352. ChainSecurity identified risks related to EIP-8037 gas accounting modifications and their potential impact on how existing mainnet smart contracts handle failed transactions or gas limits. The upgrade includes enshrined proposer-builder separation block-level access lists and revised gas pricing to support better L1 scaling. Developers are prioritizing security and compatibility with no new testnet or mainnet date announced yet.
  • JPMorgan has made its JPM Coin deposit token available on Ethereum for approved institutional clients enabling fast 24/7 peer-to-peer transfers of dollar deposits. The token which represents actual deposits at the bank was first launched on Base in 2025 and now extends across the EVM ecosystem. This development reflects growing institutional comfort with public Ethereum infrastructure for settlement collateral and liquidity alongside tokenized assets. Kinexys by JPMorgan has processed trillions in cumulative transaction volume.
  • U.S. spot Ethereum ETFs recorded net outflows of approximately $110.5 million on October 22 with most funds seeing withdrawals. This continues a pattern of mixed flows even as Ethereum maintains significant on-chain activity including record staking levels near 36 percent of supply. ETH price has declined roughly 1 to 3 percent in the last 24 hours and over 13 percent in the past month trading well below its 2025 all-time high. Market observers are watching how these flows interact with upcoming protocol developments.

24h change: -2.59%. From $2,469.46 to $2,405.49.

  • The Glamsterdam upgrade is set to activate on the Hoodi testnet at epoch 132352 on October 26 2026 with the gas limit increasing to 200 million. This follows successful activation on Sepolia on October 6 and introduces enshrined proposer-builder separation to reduce reliance on external middleware, block-level access lists to enable more efficient parallel transaction processing, and gas repricing that better accounts for execution costs and state growth. The changes prepare Ethereum for its largest throughput increase since launch though mainnet timing remains undecided. This technical progress continues despite recent price consolidation.
  • Ethereum is trading around $2430 to $2445 with a market capitalization of approximately $298 billion and 24-hour volume near $14 billion. The asset is up roughly 3 percent over the past week but down about 11 percent over the past month and 37 percent over the past year while remaining more than 50 percent below its all-time high near $4950 from August 2025. Market attention has centered on testnet progress for the Glamsterdam upgrade and institutional activity including spot ETF flows. Network fundamentals such as staking participation and developer activity remain strong.

24h change: +1.02%. From $2,439.85 to $2,464.63.

  • The Ethereum Foundation has scheduled the Glamsterdam network upgrade for activation on the Hoodi testnet at epoch 132352 on October 26, 2026 at 17:42:48 UTC. The upgrade includes enshrined proposer-builder separation, block-level access lists, and gas pricing adjustments to support greater L1 throughput and better reflect execution and state costs. The gas limit will increase to 200 million on Hoodi while the mainnet date remains to be determined. This continues Ethereum's iterative scaling roadmap following the successful Sepolia activation earlier in October.
  • JPMorgan has made its USD-denominated deposit token JPM Coin available on Ethereum mainnet for institutional clients, enabling fast peer-to-peer transfers and settlements. The token was previously launched on Base in 2025 and the bank cited Ethereum's liquidity and existing tokenized asset ecosystem as key reasons for the expansion. This move supports institutional use cases such as payments, trade settlement, and collateral while remaining restricted to vetted counterparties.
  • Ethereum staking hit a record 43.8 million ETH in Q3 2026, representing about 35.9% of total supply with net inflows of roughly 2 million ETH. Annualized staking yields have declined to 2.63%. This reflects growing confidence in the network's security and economics even as Ethereum ETFs have seen sustained outflows exceeding $1.1 billion in recent weeks.

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ETH Sentiment

ETH updates powered by Brandwatch. Not financial advice. Last updated on September 29, 2026.

Bullish ETH indicators

Morgan Stanley clients can access ETH via a Zerohash partnership, per Peace Longe (Sep 24). The move places a major U.S. broker alongside Coinbase and Robinhood for direct crypto exposure. (Source)

Bitmine's ETH treasury has surpassed 6M tokens, reaching 98% of its 5% circulating-supply target, per Bitmine statement (Sep 28). The accumulation reflects sustained corporate treasury demand for ETH. (Source)

Aerodrome is expanding to Ethereum, Arbitrum, and Robinhood Chain on Oct 21, 2026, per Aerodrome Finance (Sep 25). The rollout widens DeFi (decentralized finance) liquidity available on Ethereum mainnet. (Source)

Bearish ETH indicators

As of 2026-09-29, ETH traded at $2,693.46, with 24h -0.19% and 7d -2.21%. 24h volume was $15.84B, and market cap was $328.83B.

Solana holds 36% of tokenized commodities DEX (decentralized exchange) volume versus Ethereum at 13%, per Anush Jafer (Sep 25). Solana's share climbed from 1% three weeks earlier, indicating competitive pressure on Ethereum mainnet activity. (Source)

An onchain analyst reports one operation extracted $18.43M across 53 memecoin launches on Robinhood Chain, an Ethereum L2 (layer 2), per Bibhu Pattnaik (Sep 28). The incident may raise scrutiny of L2 launch practices. (Source)

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