Ethereum(ETH) Price

$3,364.89 +9.83%

Price of Ethereum(ETH) Today

The live price of Ethereum (ETH) is $3,364.89.The current market capitalization stands at $405.51B, with a 24-hour trading volume of $51.05B.Ethereum has experienced +9.83% in the last 24 hours and has a circulating supply of approximately 120.71M.These figures are updated in real-time to provide the most accurate market data.

Ethereum(ETH) Profile

Price Range (24h)

24h Low: $3,038.38 24h High: $3,360.37

• ATH: $4,878.26
• Price Change (1h): +0.33%
• Price Change (24h): +9.83%
• Price Change (7d): +23.82%
• Market Cap: $405.51B
• 24h Vol: $51.05B
• Circulating Supply: 120.71M
• Total Supply: 120.71M

About

What Is Ethereum?

Ethereum is a decentralized open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Launched in 2015 by a team led by Vitalik Buterin, Ethereum goes beyond just digital currency—it functions as a programmable blockchain, laying the foundation for decentralized finance (DeFi), NFTs, DAOs, and more.

Its native cryptocurrency, Ether (ETH), is used to power transactions, pay for computational resources, and secure the network. ETH can be bought on specialized exchanges and, ETH can be traded for using other cryptocurrencies.

Who Created Ethereum?

Ethereum was proposed in 2013 and officially launched in 2015 by Vitalik Buterin, along with co-founders including Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. The goal was to expand upon Bitcoin’s concept by building a blockchain that supports more than just peer-to-peer payments, enabling self-executing contracts and a decentralized app ecosystem.

How Ethereum Works

Ethereum Virtual Machine - At the heart of Ethereum is the EVM (Ethereum Virtual Machine), a decentralized computation engine that executes smart contracts across thousands of nodes. It ensures that applications run exactly as programmed, without downtime or interference.

Smart Contracts - Smart contracts are self-executing agreements coded directly onto the blockchain. These allow Ethereum to automate financial agreements, NFT ownership, governance mechanisms, and much more.

Decentralized Consensus - Ethereum transitioned from Proof of Work (PoW) to Proof of Stake (PoS) in September 2022 through a major upgrade called The Merge. This switch significantly reduced energy consumption and changed how blocks are validated - from miners to validators who stake ETH.

Ethereum 2.0 and Upgrades

Ethereum is continuously evolving through a series of upgrades collectively referred to as Ethereum 2.0, aimed at improving scalability, security, and energy efficiency. The most transformative of these was The Merge, which took place in September 2022. This upgrade transitioned Ethereum’s consensus mechanism from energy-intensive Proof of Work (PoW) to the more sustainable Proof of Stake (PoS). By replacing miners with validators who stake ETH to secure the network, Ethereum significantly reduced its carbon footprint and laid the foundation for future scalability improvements.

Following The Merge, the Shanghai Upgrade in 2023 introduced the long-awaited feature of staking withdrawals, allowing validators to access their staked ETH and earned rewards. Looking ahead, Ethereum plans to implement sharding, a technique that will divide the blockchain into smaller, parallel chains known as shards. This will dramatically increase the network’s capacity to process transactions and reduce congestion, making Ethereum more scalable and cost-efficient for global users and developers.

Ethereum Use Cases

Ethereum’s flexible smart contract architecture has enabled it to become the leading platform for decentralized applications (dApps). One of the most prominent use cases is Decentralized Finance (DeFi) which allows users to trade, lend, borrow, and earn yield without traditional intermediaries. Ethereum is also the home of the NFT (Non-Fungible Token) boom in which where artists and creators tokenize unique digital assets.

In addition to finance and collectibles, Ethereum supports the rise of DAOs (Decentralized Autonomous Organizations) - community-led entities that operate via transparent governance rules encoded in smart contracts. These organizations allow participants to vote and make decisions without centralized leadership. Furthermore, Ethereum enables stablecoins like USDC and DAI to operate seamlessly on-chain, providing price stability and a critical bridge between traditional and crypto economies.

ETH Supply and Economics

Unlike Bitcoin, Ethereum does not have a fixed supply limit. However, ETH issuance has changed dramatically after The Merge. The PoS model, combined with EIP-1559 (a fee-burning mechanism), often results in net-deflationary supply behavior when network usage is high. ETH is used to pay for transaction and gas fees, participate in staking to secure the network, and serve as collateral in DeFi applications.

Ethereum(ETH) Price Movements ($)

Period	Amount Change	Change (%)
Today	+$301.27	+9.83%
7 Days	+$647.30	+23.82%
30 Days	+$721.83	+27.31%

Ethereum(ETH) Conversion Rate

1 ETH to USD
$3,364.89

FAQ

What is Ethereum?

Ethereum is a decentralized blockchain platform that allows developers to build smart contracts and decentralized applications (dApps). Unlike Bitcoin, which primarily serves as a digital currency, Ethereum was designed to be programmable, meaning it can support complex applications such as DeFi protocols, NFTs, and DAOs. Its native currency, Ether (ETH), is used to pay for transaction fees and network operations. ETH price fluctuates based on real-time market supply and demand.

Who created Ethereum?

Ethereum was proposed in 2013 by Vitalik Buterin, a Russian-Canadian programmer and Bitcoin enthusiast. The platform officially launched in 2015, co-developed by a team including Gavin Wood, Joseph Lubin, Charles Hoskinson, and others. Their goal was to expand blockchain technology beyond simple peer-to-peer payments by introducing smart contracts and decentralized computing.

What is Ethereum 2.0?

Ethereum 2.0 refers to a series of major upgrades aimed at making Ethereum faster, more scalable, and energy-efficient. The most significant change came in 2022 with The Merge, which transitioned Ethereum from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS). This upgrade reduced Ethereum’s energy usage by over 99% and paved the way for future enhancements like sharding, which will further increase transaction capacity.

What are gas fees on Ethereum?

Gas fees are the transaction costs required to perform operations on the Ethereum network, such as sending ETH, executing smart contracts, or minting NFTs. These fees are paid in ETH and vary depending on network congestion. After the implementation of EIP-1559, a portion of gas fees is burned (permanently removed from circulation), which can contribute to ETH’s deflationary pressure.

How is Ethereum different from Bitcoin?

While both Ethereum and Bitcoin are blockchain-based cryptocurrencies, they serve different purposes. Bitcoin is designed primarily as a store of value and peer-to-peer digital currency, whereas Ethereum is a decentralized application platform. Ethereum supports smart contracts, making it ideal for building financial applications, NFTs, and gaming ecosystems.

Where can I buy and store ETH?

You can buy Ethereum directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. On Phemex, you have the option to purchase Ethereum via credit or debit card as well as via bank transfer. You can also use other cryptocurrency, like USDT, to purchase ETH on the Phemex spot market. After acquiring Ethereum, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.