Ethereum

$1,900.55
$13.66(+0.72%)Today
Market cap
229.36B
Total volume (24h)
10.90B
Volume / Market cap
0.0475
Circulating supply
120.68M
Day range (24h)
$1,844.86$1,913.32
All-time low
$0.433
All-time high
$4,946.05

About Ethereum (ETH)

Current ETH Price: $1,900.55 | July 21, 2026  | Market cap: $229,364,689,178.

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 21, 2026)$1,900.55+0.72%
24 hours ago (July 20, 2026)$1,886.99+0.72%
1 week ago (July 14, 2026)$1,773.68+7.15%
1 month ago (June 21, 2026)$1,739.26+9.27%
1 year ago (July 21, 2025)$3,751.09-49.33%

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ETH market moves

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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.

24h change: +1.44%. From $1,842.27 to $1,868.77.

  • The foundation reduced staff by 20 percent and its annual budget by about 40 percent. It narrowed its role to core protocol stewardship, security, and censorship resistance while spinning out independent organizations for research, institutional relations, and commercial activities. These changes respond to past criticism about pace and scope and seek to position Ethereum more effectively for broader adoption.
  • BitMine has increased its staked ETH position to 5.77 million tokens, representing approximately 4.8 percent of total supply. This accumulation aligns with regulatory clarity that staking rewards are not securities and with staking ETF filings from major firms. Higher staking rates reduce liquid supply and may create structural tailwinds for the asset over time.
  • The Ethereum Foundation released a guide highlighting suitable use cases for governments and institutions including digital identity, public records, and asset tokenization. It references roughly $76 billion of staked ETH securing the network as of March 2026. The document forms part of ongoing work to present Ethereum as neutral, decentralized infrastructure for public sector applications.

24h change: +0.47%. From $1,833.93 to $1,842.53.

  • Ethereum posted gains in mid-July after a softer-than-expected inflation report boosted risk assets. Analysts described the token as increasingly compelling relative to bitcoin given recent outperformance. Price has fluctuated in July between roughly $1570 and $1880 while responding to macroeconomic signals and Federal Reserve expectations. This dynamic shows how external economic data continues to influence cryptocurrency valuations.
  • The Glamsterdam hard fork will introduce enshrined proposer-builder separation to improve layer 1 scalability. This allows validators to process more data while safely outsourcing block assembly. Ethereum has shifted to a model of smaller more frequent upgrades every six months instead of large periodic hard forks. These changes support continued layer 2 growth reduced congestion and long-term network efficiency.
  • Vitalik Buterin published a Lean Ethereum plan outlining quantum safety privacy and scalability upgrades through 2029. The vision includes multiple hard forks aimed at faster finality and other protocol improvements. It gives developers and the community a clearer long-term direction for the network. This roadmap reinforces Ethereum's focus on sustained technical evolution beyond immediate price movements.

24h change: -2.47%. From $1,877.33 to $1,830.98.

  • Ether fell approximately 3 percent in the last day, dropping more than bitcoin amid a risk-off move tied to semiconductor stocks and a sharp decline in Japan's Nikkei. This pullback occurred despite recent ETF inflows and whale activity. Market observers note it as part of wider chip-trade unwinding rather than Ethereum-specific weakness.
  • Whales and institutions have accumulated significant ETH, with reports of 75,000 ETH purchased in a short period and holdings reaching multi-year highs. BlackRock Ether ETF inflows and Morgan Stanley launching ETH trading on E*Trade add to the momentum. The Ethereum Foundation privacy team spun out as EthSystems, a for-profit targeting banks with privacy tech and backed by Joe Lubin and BitMine.
  • Following Pectra in 2025 and Fusaka in late 2025, Glamsterdam is targeted for H2 2026. It focuses on enshrined proposer-builder separation for better MEV fairness and scaling, plus block-level access lists for efficiency. These changes build on rollup-centric scaling and aim to improve network performance for users and institutions without major disruptions.

24h change: -2.17%. From $1,918.82 to $1,877.11.

  • The Ethereum Foundation has undergone extensive changes in 2026 including the departure of multiple senior leaders, a new mandate focused on censorship resistance and other core principles, and a June restructuring. This involved cutting 20 percent of its workforce, reducing its budget by 40 percent, and spinning out independent entities such as ETHLabs for research, Ethereum Institutional for enterprise adoption, and EthSystems for privacy-preserving technology aimed at financial institutions. These moves respond to earlier community criticism regarding pace of development and governance. The reorganization is the largest in the foundation's history and shifts more work to specialized groups across the ecosystem.
  • Glamsterdam is the next major Ethereum protocol upgrade scheduled for the second half of 2026. It focuses on improving MEV fairness, introducing parallel transaction processing, increasing throughput toward 10,000 transactions per second, and reducing network fees substantially. This follows previous upgrades such as Pectra and Fusaka and forms part of a longer roadmap that includes subsequent changes like Hegota to address state bloat. The upgrade aims to enhance scalability, security, and overall experience for developers and users on the Ethereum network.
  • As of mid-July 2026, ETH is trading around $1,880 after recent gains supported by cooler than expected US CPI data and institutional flows. Its market capitalization is approximately $226 billion with 24-hour volume exceeding $12 billion. Analysts highlight approaching technical resistance levels while noting positive developments such as ETF inflows and potential filings. Community sentiment acknowledges price challenges but emphasizes strong fundamentals including layer 2 growth and ongoing development activity.

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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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