Ethereum price ETH

What is Ethereum?

Ethereum is the largest smart-contract platform in crypto and the home of most decentralised finance (DeFi) and NFT activity. Where Bitcoin was built mainly to move value, Ethereum was designed to run programs, called smart contracts, that execute on their own without a middleman. Its native token, Ether (ETH), pays for the computing power those applications use.

The project was proposed in 2013 by Vitalik Buterin and went live in 2015. In 2022 it switched from energy-hungry proof-of-work to a far more efficient proof-of-stake system, a change known as the Merge, which also lets holders earn rewards by staking their ETH.

Following the live Ethereum price

On this page you will find the live Ethereum price in both US dollars and euros, together with the context you need to read the market properly. The chart opens on the last 7 days by default, and you can switch the view to 24 hours, 7 days, 1 month, 3 months, 6 months or a full year. Pick a period with the buttons and the chart updates on the spot.

It is a quick way to compare how ETH has moved over the short and long term before you draw any conclusions of your own.

Market data at a glance

Next to the live rate, the page gathers the numbers that matter:

• The intraday high and low.
• Market capitalisation in dollars (B for billion, M for million).
• Combined trading volume across the major exchanges.
• The amount of ETH in circulation.
• The all-time high, when it was set and how far below it the price sits now.
• Where you can buy ETH.
• Links to the official website, whitepaper and social channels.

Convert ETH and see the real cost

The calculator turns any amount of ETH into dollars or euros in an instant, and it works the other way around too. Alongside it sits an exchange fee calculator, so you can check what a trade really costs once fees are included and roughly how much Ether you would actually receive, rather than just the quoted price.

Historical Ethereum data

Under historical data you can look back at past ETH prices on any date, shown in dollars as the market standard, with the matching trading volume and market cap for that day.

A decade of Ether

Ethereum’s price story is really a story about demand for what the network can do. It began modestly and has been shaped by clear catalysts ever since:

• 2014: the public sale offers ETH at roughly 0.31 dollars per token.
• 2015: the network goes live and Ether trades below a dollar.
• 2017: the ICO boom, with countless projects launching on Ethereum, lifts ETH into the hundreds of dollars.
• 2018: a long bear market follows the hype.
• 2020: the DeFi summer revives demand and ETH ends the year near 700 dollars.
• 2021: a DeFi and NFT frenzy drives a record close to 4,800 dollars.
• 2022: the Merge in September moves Ethereum to proof-of-stake, cutting energy use by more than 99 percent and slowing new supply, even as the Terra and FTX collapses drag the wider market down.
• 2024: spot Ethereum ETFs win US approval and begin trading in July, opening the door to institutional money.
• 2025: ETH finally breaks its 2021 record, setting a new all-time high close to 4,950 dollars in August.

A pattern runs through it all: each big rally was anchored by something real, a new use case, a technical breakthrough or a fresh group of buyers, followed by a sharp drawdown and, eventually, a new high. A change introduced in 2021 also means part of every transaction fee is permanently burned, so when the network is busy ETH can become deflationary, a supply dynamic Bitcoin does not share.

What moves the Ethereum price?

At the simplest level the value of ETH reflects supply and demand, but Ethereum adds its own twist. Because fees are partly burned, heavy network use can shrink the supply, while staking locks up coins that might otherwise be sold. A handful of forces tend to do most of the work:

Why the value climbs

• Strong demand for block space from DeFi, NFTs and stablecoins, which burns more ETH.
• A successful upgrade or a leap forward in scaling.
• Rising staking participation, taking coins out of circulation.
• ETF inflows and corporate or institutional buying.
• Positive crypto news and a broadly risk-on mood.

Why the value drops

• A slowdown in network activity and lower fees.
• A major exploit in a large protocol built on Ethereum.
• Market-wide downturns, tighter monetary policy or a global crisis.
• Regulatory uncertainty, for example over staking or whether ETH is a security.
• A buy the rumour, sell the news reaction once an upgrade actually ships.

These are not the only drivers, but they explain most of the moves you will see. For the reporting behind each shift, follow our latest Ethereum news.