Ethereum

$2,491.20
$18.92(+0.76%)Today
Market cap
303.96B
Total volume (24h)
11.73B
Volume / Market cap
0.0386
Circulating supply
122.03M
Day range (24h)
$2,442.98$2,505.13
All-time low
$0.433
All-time high
$4,946.05

About Ethereum (ETH)

Current ETH Price: $2,491.2 | September 8, 2026  | Market cap: $303,955,238,290.

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 8, 2026)$2,491.20+0.76%
24 hours ago (September 7, 2026)$2,472.42+0.76%
1 week ago (September 1, 2026)$2,442.35+2.00%
1 month ago (August 9, 2026)$1,919.26+29.80%
1 year ago (September 8, 2025)$4,347.64-42.70%

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ETH market moves

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24h change: -0.45%. From $2,497.26 to $2,486.00.

  • The Ethereum Foundation evaluated 62 EIPs and designated EIP-7805 (FOCIL) and EIP-8141 (frame transactions) as the consensus and execution headliners for the Hegotá upgrade. FOCIL strengthens censorship resistance by giving users a way to ensure transaction inclusion independent of centralized builders. Frame transactions enable applications to sponsor network fees and support advanced authentication including quantum-resistant options. Client teams may begin implementation work in late 2026 following the Glamsterdam upgrade with mainnet activation targeted for 2027.
  • Ethereum reclaimed the $2,500 level but faced resistance and saw some fading spot demand in recent sessions. Exchange balances declined as over 116,000 ETH moved off platforms in two days, reducing immediate selling pressure. U.S. spot Ethereum ETFs continued to attract inflows though at a slower pace than prior weeks. Analysts note key levels around $2,515 resistance and $2,475 support with longer-term focus on protocol improvements.
  • Developers are progressing through devnets for the Glamsterdam upgrade targeted for the second half of 2026. The upgrade focuses on enshrined proposer-builder separation, block-level access lists, and gas repricing to enable higher gas limits and better base-layer scaling. A Sepolia testnet fork is scheduled for early October 2026. This follows the Fusaka upgrade and sets the stage for Hegotá in 2027 with emphasis on simplifying the protocol and reducing hardware requirements for nodes.

24h change: -0.50%. From $2,512.54 to $2,500.08.

  • Glamsterdam is Ethereum's next major protocol upgrade currently in final devnet testing. It introduces enshrined proposer-builder separation and block-level access lists to enable safer parallel transaction execution and support a higher gas limit target of 200 million. A Sepolia testnet fork is scheduled for September 28 2026 with mainnet activation targeted for the second half of the year. These changes build on prior upgrades like Fusaka and prepare the network for further scaling while requiring developers to test contracts against new gas repricing rules.
  • Companies like Bitmine have accumulated millions of ETH as a treasury asset with a significant portion staked through dedicated validator infrastructure. Staking revenue has become a primary source of income for these entities generating tens of millions quarterly. This reflects growing institutional conviction in Ethereum as both a store of value and yield-generating asset. Such activity contributes to network security through increased staking participation.
  • The network continues to lead in tokenized real-world assets stablecoins and institutional DeFi applications with low transaction fees supporting practical usage. Recent upgrades have made mainnet and layer-2 operations significantly cheaper than in prior years. Institutional products including ETFs and tokenized funds from major firms build on this foundation. Development efforts emphasize long-term improvements in scalability privacy and account abstraction.

24h change: +1.96%. From $2,454.63 to $2,502.71.

  • Core Ethereum developers are targeting October 6 for the Glamsterdam fork on the Sepolia testnet after multiple devnets. The upgrade focuses on enshrined proposer-builder separation and block-level access lists to support higher gas limits, parallel execution, and improved scaling on the base layer. It follows previous upgrades including Fusaka in December 2025 and sets the stage for Hegota in 2027, which is expected to introduce Verkle trees for more efficient state handling. These changes aim to reduce hardware requirements for nodes while increasing network capacity.
  • Bitmine added another large purchase of over 53,000 ETH in late August, bringing its holdings to nearly 5.9 million ETH or about 4.8 percent of supply. Other entities like SharpLink have also increased their Ethereum positions. These moves reflect institutional conviction and contribute to reducing circulating supply alongside high staking rates near 34 percent. Accumulation by public companies has been a notable theme in recent months.
  • Ethereum logged 35 notable product launches and upgrades in August across DeFi, tokenization, privacy tools, and wallets. BlackRock tokenized share classes of a large money market fund on the network while platforms like Aave and Morpho saw significant deposit growth. Revolut rolled out its euro stablecoin on Ethereum and other activity included tokenized stock volumes exceeding $1 billion on certain chains. These developments occur alongside persistently low base layer fees following prior upgrades.

24h change: -2.14%. From $2,507.44 to $2,453.74.

  • Core developers agreed during the All Core Devs Consensus call to target October 6, 2026 for the Glamsterdam fork on Sepolia. This provides extra time for a stable devnet transition after recent client testing. The upgrade focuses on enshrined proposer-builder separation, block-level access lists and gas repricing to support higher gas limits and parallel transaction processing. These improvements are designed to scale the base layer while maintaining network stability for node operators and users.
  • Ethereum shipped or announced 35 developments in August across DeFi, tokenized assets, privacy tools and network upgrades. BlackRock tokenized share classes of a large money market fund on the network while Revolut rolled out its euro stablecoin. DeFi protocols like Aave and Morpho continued to grow deposits and volumes. These launches reflect sustained institutional and developer activity that expands practical uses across the Ethereum ecosystem.
  • Ethereum has traded in a range between roughly $2,400 and $2,550 over the past 24 hours with a market capitalization of approximately $299 billion. The asset is up more than 30 percent over the past month but has shown mixed daily performance. Trading volume remains elevated above $17 billion. These market conditions coincide with ongoing technical development and ecosystem expansion reported across multiple sources.

24h change: +4.35%. From $2,406.31 to $2,511.10.

  • Bitmine purchased an additional 53,501 ETH in its latest weekly buy, increasing its holdings to approximately 5.9 million ETH or 4.9 percent of total supply. The company's treasury is now valued near $15.6 billion with a large portion staked for yield. This ongoing accumulation reflects institutional conviction in Ethereum despite price volatility over the past year.
  • Core developers agreed during ACDC call 186 to target October 6 for Glamsterdam activation on Sepolia testnet. This provides extra testing time after recent devnets. The upgrade includes enshrined proposer-builder separation, block-level access lists for parallel execution, and gas repricing to support higher throughput while managing state growth.
  • A 36-day activation queue for new validators is causing Ethereum stakers to forgo more than $350,000 in daily rewards. More than 2 million ETH are currently waiting in the queue. This reflects strong demand for staking participation on the network following previous upgrades.

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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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