Ethereum

$1,855.41
-$38.31(-2.06%)Today
Market cap
223.92B
Total volume (24h)
6.75B
Volume / Market cap
0.0301
Circulating supply
120.68M
Day range (24h)
$1,849.13$1,894.53
All-time low
$0.433
All-time high
$4,946.05

About Ethereum (ETH)

Current ETH Price: $1,855.41 | July 25, 2026  | Market cap: $223,920,153,721.

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 (July 25, 2026)$1,855.41-2.06%
24 hours ago (July 24, 2026)$1,894.53-2.06%
1 week ago (July 18, 2026)$1,844.36+0.60%
1 month ago (June 25, 2026)$1,651.84+12.32%
1 year ago (July 25, 2025)$3,628.86-48.87%

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ETH market moves

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24h change: -1.73%. From $1,887.49 to $1,854.88.

  • BitMine has increased its Ethereum holdings to 5.77 million ETH, representing about 4.8 percent of circulating supply. This accumulation occurs while ETH trades below some prior support levels following declines from 2025 highs. The activity aligns with broader institutional interest through spot ETFs and corporate treasuries, underscoring confidence in Ethereum's utility for decentralized applications and tokenized real-world assets despite short-term market volatility.
  • Glamsterdam, scheduled for the second half of 2026, introduces enshrined proposer-builder separation, parallel execution capabilities, higher gas limits, and other scaling improvements. It reflects a shift toward more frequent, lower-risk protocol updates rather than large bundled releases. These changes aim to enhance layer-1 performance, reduce node operational burdens, and support continued growth in layer-2 ecosystems and real-world asset tokenization.
  • The Ethereum Foundation has implemented budget reductions, structural changes, and shifted priorities in response to community feedback on development pace and focus. Updates emphasize layer-1 improvements alongside layer-2 scaling, with attention to governance and execution. These adjustments occur alongside technical milestones such as AI-driven bug discovery and fixes that strengthen network resilience.

24h change: -3.26%. From $1,950.42 to $1,886.84.

  • The Glamsterdam hard fork will introduce enshrined proposer-builder separation. This change separates block agreement from processing, allowing validators to handle more data safely without external trust. Block-level access lists will also arrive to improve sync times, enable parallel execution, lower gas costs for complex applications, and increase overall throughput. These updates build on prior scaling work and aim to strengthen the base layer while preserving decentralization.
  • Daily active addresses on Ethereum have approached or exceeded 2 million while smart contract calls have topped 40 million per day. These figures surpass peaks from the 2021 bull market. Despite the surge in usage, ether price performance and base layer fee generation have lagged, largely due to activity shifting to layer 2 networks. Ethereum continues to dominate DeFi TVL and stablecoin issuance.
  • REX-Osprey has filed applications for staking-enabled ETFs covering both Ethereum and Solana after resolving SEC comments. No spot staking ETFs currently exist in the US. The Ethereum version would offer approximately 2.67 percent in gross staking rewards. This development follows spot ETH ETF approvals and signals growing institutional access to Ethereum's proof-of-stake yields.

24h change: +1.46%. From $1,924.50 to $1,952.62.

  • U.S. spot Ethereum ETFs recorded more than $105 million in net inflows over recent days. Arthur Hayes purchased an additional 1,332.5 ETH worth about $2.53 million, adding to prior buys. These flows occur alongside reduced exchange balances and about 30 percent of ETH supply being staked, tightening liquid availability. The developments point to sustained interest from institutions and whales in Ethereum's role across DeFi, stablecoins, and tokenized assets.
  • Glamsterdam, expected in the second half of 2026, will introduce parallel execution, higher gas limits, and improvements to the base layer. It forms part of a broader roadmap that includes Hegotá later in the year, targeting better user experience, tighter Layer 2 integration, and post-quantum cryptography. These changes build on prior upgrades such as Dencun and Pectra to address scalability while maintaining decentralization and security. Developers continue to refine execution models to support higher throughput without compromising the network's core properties.
  • Base is preparing to launch 1:1-backed tokenized U.S. equities, expanding real-world asset utility on the Ethereum ecosystem. Ethereum already settles around 80 percent of tokenized real-world assets and hosts over $150 billion in stablecoins. This growth aligns with broader adoption of decentralized finance and institutional use cases on Layer 2 solutions. Continued interoperability improvements aim to unify liquidity across previously fragmented ecosystems.

24h change: +1.30%. From $1,899.43 to $1,924.19.

  • Ethereum has broken above its six-month descending trendline as the weekly MACD indicator flipped bullish. Analysts highlight ongoing institutional buying from figures such as Tom Lee. The move coincides with a 4 percent daily price increase to around $1,940 and comes after the asset held support near $1,850.
  • A W-shaped pattern has formed and been confirmed after Ethereum moved past $1,800 resistance. Price forecasts cite potential near-term targets around $2,400 if momentum continues. This setup appears amid broader market recovery signals and rising institutional participation.
  • Reports indicate continued accumulation by institutions and fund managers such as Tom Lee even as Ethereum trades below prior highs. This buying occurs alongside technical improvements and broader ecosystem activity on layer 2 networks. Market data shows rising trading volumes supporting the recent price action.

24h change: +1.67%. From $1,867.45 to $1,898.67.

  • Ethereum developers have moved the Glamsterdam hard fork into its final testing phase with devnets now running all planned changes. Scheduled for the second half of 2026, the upgrade includes enshrined proposer-builder separation to improve block production and reduce MEV risks along with block-level access lists for faster execution and lower costs. These updates build on prior scaling work and aim to increase base layer capacity while preserving decentralization and security. The Ethereum roadmap positions Glamsterdam as a key step before the Hegotá upgrade later in 2026 that will focus on state management with Verkle Trees.
  • Public company Bitmine Immersion Technologies holds 5.77 million ETH as it approaches a 5 percent supply target. Spot Ethereum ETFs have recorded inflows that at times outperformed bitcoin ETFs, signaling shifting institutional interest. Franklin Templeton's tokenized platform maintains a meaningful presence on Ethereum even as it expands to other chains such as BNB. These developments highlight Ethereum's continued appeal as a settlement layer for traditional finance participants and real-world assets.
  • Ethereum climbed above $1,870 as bitcoin broke $65,000, with prediction markets assigning high probability to the $1,800-$1,900 range on July 20. Recent price action reflects broader market buying and reduced short positions from large traders. This movement occurs against a backdrop of ongoing network development and corporate accumulation. Market data shows 24-hour trading volume in the billions as participants monitor ETF flows and upgrade progress.

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ETH Sentiment

ETH updates powered by Brandwatch. Not financial advice. Last updated on June 16, 2026.

Bullish ETH indicators

As of 2026-06-16, ETH traded at $1,792.88, with 24h +1.74% and 7d +7.10%. 24h volume was $16.93B, and market cap was $216.37B.

ETH exchange reserves have hit a record low of 14.5M ETH, per CryptoQuant data (June 11). Supply on centralized venues continues moving to staking and corporate treasuries. Thinner exchange float may amplify price sensitivity if demand returns. (Source)

BitMine Immersion holds over 5.6M ETH, roughly 4.66% of global supply, per the company's disclosure (June 14). Total crypto and cash holdings reach $10.4B, led by the ETH treasury. Corporate accumulation may signal sustained institutional positioning. (Source)

Bearish ETH indicators

Spot ETH ETFs (exchange-traded funds) have shed billions in outflows alongside BTC products, per Benzinga (June 14). Year-to-date ETF demand contrasts with rising XRP fund inflows of $1.44B. Weak ETF flows could limit near-term ETH demand. (Source)

ETH trades below major resistance after a sharp June decline, per Crypto News Land (June 15). Binance dominates ETH derivatives with $5.49B open interest and 5.23M futures trades. Sellers retain control as consolidation holds near support. (Source)

DeFi (decentralized finance) TVL (Total Value Locked) has fallen to $72.5B amid security concerns, per DefiLlama-tracked protocol data (June 14). Roughly one-third of ETH supply remains staked despite the protocol-level decline. Lower TVL may weigh on ETH network fee revenue. (Source)

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