Ethereum

$1,634.74
-$23.58(-1.44%)Today
Market cap
197.33B
Total volume (24h)
16.38B
Volume / Market cap
0.0830
Circulating supply
120.68M
Day range (24h)
$1,557.87$1,658.67
All-time low
$0.433
All-time high
$4,946.05

About Ethereum (ETH)

Current ETH Price: $1,634.74 | June 25, 2026  | Market cap: $197,328,612,325.

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 (June 25, 2026)$1,634.74-1.44%
24 hours ago (June 24, 2026)$1,658.67-1.44%
1 week ago (June 18, 2026)$1,741.57-6.13%
1 month ago (May 26, 2026)$2,119.34-22.87%
1 year ago (June 25, 2025)$2,424.35-32.57%

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ETH market moves

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24h change: -0.83%. From $1,659.21 to $1,645.36.

  • The Ethereum Foundation is eliminating 54 positions representing roughly 20 percent of its workforce. This forms part of a months-long restructuring aligned with an updated mandate and treasury strategy following departures of senior leaders including co-executive directors. The organization aims to emerge leaner and more focused on critical development tasks. The changes occur as the broader ecosystem sees support for parallel initiatives like ETHLabs from major holders.
  • Ethereum developers are now running devnets that include all planned Ethereum improvement proposals for the Glamsterdam upgrade. Core changes encompass enshrined proposer-builder separation through EIP-7732 to improve decentralization and reduce certain risks along with block-level access lists via EIP-7928. A suite of gas repricings will make high-level compute cheaper while increasing the cost of state access. This upgrade expected in the second half of 2026 represents one of the largest protocol overhauls since the merge.
  • Ethereum continues to host the majority of decentralized finance liquidity with total value locked exceeding 99 billion dollars. This figure stands over nine times larger than the next largest layer 1 network. Recent on-chain metrics show sustained activity levels with the gas limit raised to support further layer 2 expansion. Institutional products such as staking exchange-traded funds reflect continued interest in Ethereum infrastructure.

24h change: -6.45%. From $1,773.97 to $1,659.57.

  • The Ethereum Foundation announced it is eliminating 54 positions as it concludes a months-long reorganization tied to its updated mandate and treasury policy. This leaves the organization leaner and grouped into five clusters with emphasis on critical tasks. The changes follow departures of co-executive directors Hsiao-Wei Wang and Tomasz Stańczak plus roughly nine senior figures over six months, prompting discussion about governance while the broader ecosystem sees new initiatives.
  • Core developers are running devnets with all planned EIPs for Glamsterdam, Ethereum's largest protocol change since the Merge. It introduces enshrined proposer-builder separation for fairer MEV and block-level access lists to enable parallel processing, faster execution, and improved gas predictability. Targeted for the second half of 2026, the upgrade aims to enhance Layer 1 scalability and efficiency.
  • Layer 2 networks like Arbitrum and Base maintain significant TVL and daily transaction volumes with Ethereum DeFi protocols seeing renewed activity. Metrics indicate ETH accumulation into fresh wallets alongside recovering total value locked even as the token price has faced downward pressure. This highlights continued usage and development across the ecosystem supported by institutional interest and new initiatives like ETHLabs.

24h change: +2.95%. From $1,722.59 to $1,773.45.

  • Ethereum core developers have moved into the final development phase of Glamsterdam with devnets testing all planned EIPs. The upgrade targets improvements in parallel execution, enshrined proposer-builder separation for better MEV fairness, and higher gas limits to boost layer 1 scalability and efficiency. It builds on prior upgrades like Pectra and Fusaka and is expected in the second half of 2026. This progress matters because it addresses long-term scaling needs for the network you use for transactions and dapps.
  • A new Ethereum research forum proposal would allow validators to vote to redirect up to 10 percent of their staking rewards to fund shared ecosystem infrastructure and public goods. This has triggered discussion about whether it represents an Ethereum tax or a sustainable way to support development. It comes as the network sees high on-chain activity but ongoing questions around core funding. The debate matters because it could change how the ecosystem you participate in pays for maintenance and innovation.
  • Former Ethereum Foundation contributors have warned of a possible slow-burning core development funding crisis within three to nine months following the end of the Client Incentive Program and recent spending cuts. This comes alongside multiple high-profile leadership exits at the Foundation including the co-executive director. On-chain metrics remain strong with elevated transaction activity and staking. These internal dynamics matter as they affect the long-term health of the protocol you rely on for decentralized applications.

24h change: +0.36%. From $1,715.93 to $1,722.16.

  • Ethereum developers have begun final devnet testing for the Glamsterdam hard fork, including all planned EIPs for enshrined proposer-builder separation and execution improvements. The upgrade is targeted for mainnet in the second half of 2026 and is described as the largest protocol change since the Merge. It aims to improve MEV fairness, block production efficiency, and Layer 1 scalability. These changes are expected to support higher gas limits and better integration with Layer 2 networks over time.
  • Hsiao-Wei Wang has resigned as co-executive director and board member of the Ethereum Foundation after a sabbatical, marking the second co-executive director exit in 2026. The departure is part of a larger wave of senior leadership changes at the organization. Board member Bastian Aue has taken on a larger interim role. These transitions occur as the network continues technical development on its roadmap.
  • The percentage of ETH staked has climbed to a record around 32.5 to 33 percent, reflecting continued commitment to network security. The validator entry queue has begun cooling while the exit queue remains near zero, suggesting stakers are not rushing to leave. This comes alongside low exchange supply and robust stablecoin transaction volumes on the network. These metrics highlight strong on-chain fundamentals even as price consolidates near current levels.

24h change: +0.78%. From $1,703.23 to $1,716.49.

  • Ethereum developers have begun final devnet testing for Glamsterdam, combining execution and consensus layer changes. Key features include enshrined proposer-builder separation to improve MEV fairness and block production, block-level access lists for parallel execution, and measures to support much higher throughput while managing state growth. The upgrade is described as the most significant since the Merge and is targeted for mainnet in the second half of 2026. It reflects continued focus on Layer 1 scaling alongside Layer 2 development.
  • Hsiao-Wei Wang has stepped down as co-executive director and board member effective immediately after completing a sabbatical. She cited reflection on personal priorities and a desire to stay closer to home while remaining part of the Ethereum community. This follows the earlier resignation of the other co-executive director and adds to multiple senior departures from the Foundation in 2026. Board member Bastian Aue has taken on a larger interim leadership role.
  • Ethereum recorded all-time highs in monthly active addresses, transaction count, and throughput during Q1 2026 despite a price correction. Active addresses rose sharply year-over-year while Layer 1 fees declined due to prior scaling upgrades. Total value locked stood at $316 billion. These metrics show growing usage and adoption even as the network prepares for further protocol improvements like Glamsterdam.

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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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