| All-Time High | $4,878.26 |
| ATH Date | Nov 10, 2021 |
| % From ATH | โ |
| All-Time Low | $0.43 |
| Total Supply | Unlimited (PoS) |
| Date | Closing Price (USD) | 24h Change | 24h High | 24h Low | Volume (USD) |
|---|---|---|---|---|---|
| Loading historical data... | |||||
| Market Cap Rank | โ |
| Market Cap (USD) | โ |
| Fully Diluted Val. | โ |
| 24h Trading Volume | โ |
| Vol / Market Cap | โ |
| Circulating Supply | โ |
| Total Supply | Unlimited |
| Max Supply | None |
| Blockchain | Ethereum Mainnet |
| Consensus | Proof-of-Stake (PoS) |
| Block Time | ~12 seconds |
| Ticker Symbol | ETH |
| Launched | July 30, 2015 |
| Founder | Vitalik Buterin |
| Current Standard | ERC-20 / EIP-1559 |
| Avg. Daily Txns | ~1.2 million |
Ethereum Price Today in USD โ Live ETH/USD Rate 2026
The live Ethereum price today in USD is displayed above, updated every 30 seconds directly from major global cryptocurrency exchanges via the CoinGecko API. Ethereum (ETH) is the world's second-largest cryptocurrency by market capitalization and the leading smart contract platform powering decentralized finance (DeFi), NFTs, Web3 applications, and institutional blockchain infrastructure.
What is Ethereum (ETH)?
Ethereum is an open-source, decentralized blockchain platform launched on July 30, 2015 by Vitalik Buterin and a team of co-founders. Unlike Bitcoin which is primarily a store of value, Ethereum functions as a programmable blockchain โ a global computing network where developers can build and deploy smart contracts and decentralized applications (dApps) without any centralized control or downtime.
The native currency of the Ethereum network is Ether (ETH), which is used to pay for computation (called "gas fees"), transfer value, participate in DeFi protocols, stake in the proof-of-stake consensus mechanism, and as a trading asset on every major cryptocurrency exchange worldwide.
In September 2022, Ethereum completed its historic "Merge" โ transitioning from an energy-intensive Proof-of-Work (PoW) consensus model to Proof-of-Stake (PoS), reducing its energy consumption by over 99.95%. This made ETH a deflationary asset during periods of high network usage, as EIP-1559 burns a portion of transaction fees permanently.
How is the Ethereum Price Determined?
The ETH/USD price is determined by continuous supply and demand on cryptocurrency exchanges globally. Major exchanges contributing to ETH price discovery include Binance, Coinbase, Kraken, OKX, Bybit, and Bitfinex. The price shown on this page is a volume-weighted average across these exchanges, giving you the most accurate global market reference rate.
Key factors that influence the Ethereum price include:
- Network activity: Higher gas fees and DeFi usage generally signal demand for ETH
- ETF inflows: Spot Ethereum ETF approval and institutional flows significantly impact price
- Bitcoin price movements: ETH often follows BTC directionally
- Macro environment: Interest rates, USD strength, and risk sentiment affect all crypto assets
- Ethereum upgrades: Protocol improvements (EIP proposals, Dencun, Pectra upgrades) create price catalysts
- DeFi & NFT activity: Total value locked (TVL) in Ethereum DeFi protocols correlates with ETH demand
- ETH burn rate: EIP-1559 burns ETH permanently, reducing supply during high-usage periods
ETH to USD Conversion Formula
Converting Ethereum to US dollars is straightforward using the live ETH/USD exchange rate:
Example: 2.5 ETH ร $2,500 = $6,250 USD
ETH from USD: ETH = USD Amount รท ETH/USD Price Example: $5,000 รท $2,500 = 2.0 ETH
Use the live converter above to instantly calculate any ETH/USD amount using the real-time market price. The converter updates automatically with every price refresh โ no manual recalculation needed.
Who Uses the ETH/USD Price?
The Ethereum price in USD is referenced by a wide range of market participants worldwide:
- Retail investors in the USA, UK, Canada, Australia, UAE, and Singapore tracking portfolio value
- Institutional traders and hedge funds managing crypto allocations and ETH ETF positions
- DeFi participants calculating collateral values, liquidation thresholds, and yield in USD terms
- NFT creators and collectors pricing digital assets denominated in ETH
- Blockchain developers calculating gas costs in USD terms for dApp budgeting
- Cryptocurrency exchanges and market makers for arbitrage and liquidity management
- Tax professionals in countries that require crypto gains reported in local fiat currency
ETH/USD Today vs. Historical Rates
To understand where Ethereum's price stands today, context matters. ETH reached its all-time high of approximately $4,878 USD in November 2021 during the peak of the crypto bull cycle. The subsequent bear market of 2022 saw ETH drop as low as $880. Since then, the market has recovered significantly, buoyed by the successful Merge, Ethereum's growing institutional adoption, and the approval of spot Ethereum ETFs in the United States in 2024.
The 7-day historical price table above shows each day's ETH/USD closing price, 24h change, high, low, and trading volume โ giving you a clear picture of recent price action without needing to visit a separate charting platform.
Ethereum vs. Bitcoin: Price Comparison
While Bitcoin (BTC) remains the largest cryptocurrency by market cap, Ethereum holds the #2 position and has unique characteristics that often drive independent price movements. The ETH/BTC ratio (sometimes called the "flippening metric") shows how much ETH is worth relative to BTC โ a rising ratio indicates ETH outperforming Bitcoin. Both prices are shown in the live market strip at the top of this page.