Ethereum

$2,692.80
-$0.7669(-0.03%)Today
Market cap
328.75B
Total volume (24h)
15.16B
Volume / Market cap
0.0461
Circulating supply
122.08M
Day range (24h)
$2,667.16$2,739.52
All-time low
$0.433
All-time high
$4,946.05

About Ethereum (ETH)

Current ETH Price: $2,692.8 | September 25, 2026  | Market cap: $328,752,455,486.

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 (September 25, 2026)$2,692.80-0.03%
24 hours ago (September 24, 2026)$2,693.57-0.03%
1 week ago (September 18, 2026)$2,604.55+3.39%
1 month ago (August 26, 2026)$2,460.14+9.46%
1 year ago (September 25, 2025)$3,833.64-29.76%

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ETH market moves

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24h change: +3.20%. From $2,649.26 to $2,734.00.

  • US spot Ethereum ETFs recorded net inflows including $66 million on September 24 with BlackRock's ETHA fund contributing significantly. Companies such as BitMine have continued large-scale ETH purchases bringing their holdings close to 5 percent of total supply. These flows reflect broader institutional adoption of Ethereum for investment exposure and as infrastructure for tokenized assets and stablecoins.
  • Core developers confirmed the Sepolia testnet fork for Glamsterdam on October 6, 2026, including a test toward a 200 million gas limit. The upgrade incorporates block-level access lists and enshrined proposer-builder separation to improve L1 scaling and throughput. This follows recent upgrades and precedes Hegotá, which will address Verkle trees and additional execution changes.
  • EIP-8141 for frame transactions has been moved forward for inclusion in the Hegotá upgrade targeted for 2027. This would allow users to pay network fees using stablecoins or other assets instead of only ETH. The change is part of ongoing work to improve user experience, support smart accounts, and reduce barriers for broader adoption.

24h change: -2.97%. From $2,730.46 to $2,649.38.

  • Ethereum developers confirmed the Glamsterdam upgrade for activation on the Sepolia testnet on October 6 at 13:53 UTC, following successful devnets. The upgrade includes enshrined proposer-builder separation, block-level access lists, QUIC networking by default, and preparations for significantly higher gas limits up to 200 million. It builds on the Fusaka upgrade from late 2025 and aims to improve base layer scalability, block building efficiency, and overall network performance while maintaining decentralization. This step advances the long-term roadmap with mainnet targeted for Q4 2026.
  • BitMine acquired an additional 27,562 ETH, bringing its treasury close to 6 million ETH and its goal of holding 5% of total supply. Other corporate and institutional players have shown similar buying patterns amid broader ecosystem developments in tokenized assets. This activity occurs alongside FTX estate transfers and expanding use cases like tokenized funds and securities on Ethereum. It reflects growing conviction in Ethereum's long-term utility from traditional finance participants.
  • The Ethereum Foundation identified FOCIL for censorship resistance and Frame Transactions for native account abstraction and stablecoin gas payments as must-ship items for the Hegotá upgrade targeted for 2027. These changes would allow users to pay network fees with tokens like USDC instead of only ETH. Quantum resistance remains a priority with a 2029 target. The developments build on Glamsterdam and address long-requested improvements for usability and security.

24h change: -0.31%. From $2,742.03 to $2,733.61.

  • Bitmine Immersion Technologies has continued purchasing ETH throughout 2026, adding tens of thousands of tokens in recent weeks and bringing its treasury close to 6 million ETH. The company, chaired by Tom Lee, views these acquisitions as aligned with strengthening Ethereum fundamentals and growing institutional interest. This corporate accumulation strategy persists even through periods of price volatility and highlights ETH's role as a treasury asset for public companies.
  • Ethereum developers have locked in October 6, 2026 for the Glamsterdam fork on the Sepolia testnet, with client releases due by late September. The upgrade includes enshrined proposer-builder separation, block-level access lists, and preparations for significantly higher gas limits up to 200 million. It builds on prior upgrades like Fusaka and PeerDAS to improve scalability, reduce MEV risks, and enhance overall network capacity while preserving decentralization.
  • The Ethereum Foundation has prioritized quantum-resistant cryptography across execution, consensus, and data layers with a target of full L1 protection by the end of 2029. Vitalik Buterin has also highlighted shifts in math education and other protocol refinements. These efforts align with broader roadmap items like the Hegotá upgrade, which includes must-ship EIPs for censorship resistance and flexible transaction types.

24h change: +0.87%. From $2,719.47 to $2,743.10.

  • Bitmine added another 27,562 ETH worth roughly $75 million in recent days, increasing its holdings to 5.98 million ETH or about 4.9 percent of circulating supply. Chairman Tom Lee noted that institutions remain underweight in crypto and expects increased buying in the fourth quarter. The company has bought ETH nearly every week since June 2025 and has staked the vast majority of its position for annual revenue estimated in the hundreds of millions.
  • Developers confirmed Glamsterdam will activate on the Sepolia testnet on October 6, 2026, with client releases due by late September. The upgrade introduces enshrined proposer-builder separation, block-level access lists for parallel execution, and paves the way for a significantly higher gas limit. It is described as one of the largest protocol changes since the Merge and will be followed by the Hegota upgrade focusing on Verkle trees for improved statelessness.
  • Lido has begun the process of consolidating validators as part of Lido Core's Curated Module v2 migration. The effort restructures approximately 8.4 million staked ETH into a more efficient architecture leveraging EIP-7251, which raises the effective balance per validator to 2,048 ETH from 32 ETH. This improves staking economics and network efficiency amid growing institutional participation in Ethereum staking.

24h change: +5.69%. From $2,570.02 to $2,716.18.

  • Ethereum developers completed devnet testing and performance benchmarks for the Glamsterdam upgrade. It is scheduled to fork on the Sepolia testnet October 6, with Hoodi testing to follow later in the month. The upgrade includes block-level access lists for parallel transaction execution and enshrined proposer-builder separation. These changes are designed to support a 200 million gas limit per block, improving scalability and reducing fee pressure on the base layer.
  • The SEC issued temporary conditional exemptions allowing tokenized U.S. stocks to trade on permissioned automated market maker venues built on public blockchains. These must be 1:1 backed shares carrying full rights including voting and dividends, with issuer opt-out rights and volume limits. The five-year pilot aims to bring capital markets onchain while maintaining safeguards. Ethereum and other public networks could see increased institutional activity and real-world asset utility from this framework.
  • Following Glamsterdam, the Hegotá upgrade is being scoped with two must-ship proposals: FOCIL for fork-choice enforced inclusion lists to improve censorship resistance, and frame transactions to advance native account abstraction. Developers continue to evaluate dozens of other EIPs for inclusion. Verkle trees for stateless clients remain a longer-term goal to reduce hardware requirements for running nodes. These changes build on recent upgrades that have already lowered fees and increased throughput.

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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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