Ethereum Price Today (ETH/USD) – Live Chart & Analysis

Track the live Ethereum price with our real-time ETH/USD chart. Ethereum is the world’s second-largest cryptocurrency by market capitalization and the leading platform for smart contracts, decentralized finance (DeFi), and decentralized applications (dApps). After surging over 110% in 2025 and reaching a new all-time high of $4,953 in August 2025, ETH has since retraced amid broader market weakness. Below you will find comprehensive Ethereum price analysis, historical data, investment options, and expert insights.

Live Ethereum Price Chart

The interactive chart below shows the Ethereum spot price (ETH/USD) in real time. Use the timeframe buttons to view Ethereum price movements from intraday trading to multi-year trends.

ETH/USD — Live Spot Price

Latest Ethereum News & Analysis

Stay informed with our latest coverage of Ethereum markets, price movements, network upgrades, and expert analysis.

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How to Invest in Ethereum

Investors have several options for gaining exposure to Ethereum, each with different characteristics, costs, and risk profiles.

Cryptocurrency Exchanges

The most direct way to buy Ethereum is through regulated cryptocurrency exchanges, which allow you to buy, sell, and hold ETH in a digital wallet:

Coinbase

NASDAQ: COIN

User-friendly platform ideal for beginners. NASDAQ-listed, regulated in multiple jurisdictions. Offers staking services and a self-custody wallet.

Kraken

US / EU Regulated

Advanced trading features with a strong security track record. Offers margin trading, futures, and staking for ETH.

Binance

Largest by Volume

World’s largest exchange by trading volume. Wide range of trading pairs, staking options, and DeFi integrations.

Gemini

SOC 2 Certified

Strong regulatory compliance and institutional-grade security. Founded by the Winklevoss twins, popular with US investors.

Ethereum ETFs

Since July 2024, spot Ethereum ETFs are available in the US, providing convenient exposure through traditional brokerage accounts without direct crypto custody:

iShares Ethereum Trust

ETHA — NASDAQ

BlackRock’s spot Ethereum ETF. The largest ETH ETF by assets under management, benefiting from BlackRock’s institutional distribution network.

Fidelity Ethereum Fund

FETH — Cboe BZX

Fidelity’s spot Ethereum offering. Backed by Fidelity Digital Assets’ custody infrastructure. Competitive expense ratio.

Grayscale Ethereum Trust

ETHE — NYSE Arca

Converted from closed-end trust to spot ETF in July 2024. Long track record, though higher fees than newer competitors.

Grayscale Ethereum Mini Trust

ETH — NYSE Arca

Low-cost spin-off of ETHE with a reduced expense ratio. Designed for cost-conscious investors seeking ETH exposure.

Ethereum Staking

Unlike Bitcoin, Ethereum uses Proof of Stake (PoS) consensus, allowing ETH holders to earn rewards by helping secure the network. Current staking APY ranges from 3-5% depending on network conditions:

Solo Staking

32 ETH Minimum

Run your own validator node for maximum decentralization and full rewards. Requires 32 ETH and technical knowledge to maintain uptime.

Liquid Staking (Lido, Rocket Pool)

stETH / rETH

Stake any amount and receive liquid tokens (stETH, rETH) usable in DeFi. Lido dominates with over 28% of all staked ETH.

Exchange Staking

Coinbase, Kraken

Simplest option — stake directly through your exchange account. Lower yields due to platform fees, but zero technical complexity.

Restaking (EigenLayer)

Enhanced Yields

Emerging protocol allowing staked ETH to secure additional networks simultaneously, potentially earning extra rewards on top of base staking yields.

Ethereum Futures

Ethereum futures trade on the CME (Chicago Mercantile Exchange) with standard contracts of 50 ETH and micro contracts of 0.1 ETH. Futures offer leverage but require understanding of contract specifications, margin requirements, and rollover procedures. CME Ethereum futures are primarily used by institutional traders and hedge funds for both speculation and hedging.

Self-Custody Wallets

For maximum security and control over your Ethereum, self-custody wallets let you hold your own private keys. Hardware wallets like Ledger and Trezor provide cold storage with the highest security, while software wallets like MetaMask and Rainbow offer hot wallet convenience with full DeFi compatibility. The crypto principle “not your keys, not your coins” reflects the importance of self-custody for long-term holders.

Historical Ethereum Prices

Ethereum has experienced dramatic price cycles driven by technological milestones, DeFi booms, NFT manias, and broader crypto market sentiment. After reaching a new all-time high of $4,953 in August 2025 — driven by record ETF inflows and institutional adoption — the price has since retraced over 60%.

Ethereum Price History Chart

ETH/USD — Historical Price (Monthly)

Key Price Milestones

Date Event Price
August 2025 New all-time high (ETF inflows, institutional adoption) $4,953
November 2021 Previous all-time high (DeFi / NFT bull market) $4,878
March 2024 Post-ETF approval rally $4,090
January 2024 Pre-spot ETF anticipation $2,700
April 2023 Shanghai upgrade (staking withdrawals enabled) $1,900
September 2022 The Merge (PoW to PoS transition) $1,600
June 2022 Bear market low (Terra/Luna, 3AC collapse) $880
January 2018 ICO boom peak $1,432
December 2018 Crypto winter bottom $83
June 2017 First major rally $400
July 2015 Ethereum mainnet launch $0.75
October 2015 All-time low $0.42

Major Network Upgrades

Ethereum’s price has been significantly influenced by major network upgrades that expanded its capabilities and improved scalability:

Upgrade Date Key Changes ETH Price
Frontier July 2015 Initial mainnet launch $0.75
Homestead March 2016 Stability and security improvements $12
Byzantium October 2017 Privacy and scalability enhancements $300
London (EIP-1559) August 2021 Fee burn mechanism — ETH becomes deflationary $2,800
The Merge September 2022 PoW to PoS transition — 99.95% energy reduction $1,600
Shanghai April 2023 Staking withdrawals enabled $1,900
Dencun March 2024 Proto-danksharding (blobs) — cheaper L2 fees $3,500
Pectra 2025 Account abstraction, validator improvements

Ethereum surged over 110% in 2025, rising from approximately $2,255 in February to a new all-time high of $4,953 in August — fueled by record ETF inflows, corporate treasury adoption (59+ public companies holding ETH), and growing Layer 2 activity. However, the rally faded sharply in the final months of 2025, with ETH losing over 60% from its peak by early 2026 amid broader crypto market deleveraging.

See also:

Ethereum Key Statistics

All-Time High
$4,953
Market Cap Rank
#2
Circulating Supply
~120.7M ETH
Staked ETH
~28M (~23%)
DeFi TVL
$60B+
Staking APY
3-5%

What Drives the Ethereum Price?

Multiple factors influence Ethereum’s price movements, often simultaneously. As both a technological platform and a financial asset, ETH is uniquely sensitive to on-chain activity, macro trends, and competitive dynamics:

  • Network usage and gas fees — Higher transaction volume and DeFi activity drive gas fees, which burn ETH via EIP-1559. Periods of high network usage make ETH deflationary, reducing circulating supply and supporting price.
  • ETH burn rate (EIP-1559) — Since August 2021, a portion of every transaction fee is permanently burned. When burn exceeds issuance, ETH becomes net-deflationary — a powerful supply-side narrative unique among major cryptocurrencies.
  • Staking dynamics — With approximately 23% of all ETH staked, a significant portion of supply is locked and earning yield rather than being traded. This reduces effective circulating supply and dampens sell pressure.
  • Institutional adoption and ETF flows — The approval of spot Ethereum ETFs in July 2024 opened ETH to traditional finance. Net inflows from ETHA, FETH, and other ETFs have become a key demand driver, with record weekly inflows exceeding $2 billion in 2025.
  • Layer 2 ecosystem growth — Arbitrum, Optimism, Base, and zkSync process an increasing share of Ethereum transactions at lower costs. L2 growth drives ETH demand for settlement and security while expanding the overall user base.
  • DeFi and real-world asset (RWA) tokenization — Ethereum hosts the majority of DeFi protocols with over $60 billion in total value locked. The growing trend of tokenizing real-world assets (bonds, equities, real estate) on Ethereum adds a new demand layer.
  • Corporate treasury adoption — Over 59 public companies have added ETH to their balance sheets, attracted by staking yields and Ethereum’s role as blockchain infrastructure. This trend mirrors early Bitcoin corporate adoption.
  • Network upgrades and roadmap progress — Ethereum’s ongoing roadmap (proto-danksharding, full danksharding, statelessness) signals continuous improvement. Each successful upgrade reinforces the bull thesis.
  • Competition from alternative L1s — Solana, Avalanche, and other Layer 1 blockchains compete for developers and users. Ethereum’s dominance in DeFi and NFTs faces ongoing challenges from faster, cheaper alternatives.
  • Macroeconomic environment — Like other risk assets, ETH is sensitive to interest rates, inflation expectations, and global risk sentiment. A risk-on environment typically benefits crypto, while tightening conditions weigh on prices.

Ethereum vs Bitcoin — Comparison

Feature Ethereum Bitcoin
Primary purpose Smart contracts, dApps, DeFi Store of value, payments
Consensus mechanism Proof of Stake (PoS) Proof of Work (PoW)
Supply model ~120.7M (deflationary post-Merge) 21M hard cap (fixed)
Block time ~12 seconds ~10 minutes
Staking rewards 3-5% APY N/A (mining rewards only)
Energy usage 99.95% less than PoW High (mining-intensive)
All-time high $4,953 (Aug 2025) $109,241 (Jan 2025)
Smart contracts Full (Solidity, Vyper) Limited (Bitcoin Script)

Frequently Asked Questions

Is Ethereum a good investment?
Ethereum has delivered extraordinary historical returns — from $0.75 at launch to nearly $5,000 at its peak — but with extreme volatility. As the leading smart contract platform, it benefits from powerful network effects: the majority of DeFi, NFTs, and tokenized real-world assets are built on Ethereum. Staking yields of 3-5% provide income that Bitcoin cannot match. However, ETH faces competition from faster L1 blockchains, regulatory uncertainty, and correlation with broader risk sentiment. Most analysts view ETH as a high-conviction but high-volatility position best suited as part of a diversified portfolio.
What is the best way to buy Ethereum?
For most investors, the choice depends on familiarity with crypto. Regulated exchanges like Coinbase or Kraken offer the simplest entry point for buying ETH directly. For traditional investors who prefer not to custody crypto themselves, spot Ethereum ETFs — ETHA (BlackRock), FETH (Fidelity), or the low-cost Grayscale Ethereum Mini Trust (ETH) — provide exposure through standard brokerage accounts. For long-term holders, self-custody via hardware wallets (Ledger, Trezor) combined with liquid staking (Lido, Rocket Pool) offers both security and yield generation.
What is Ethereum staking and how does it work?
Staking involves locking ETH to help secure the Ethereum network and validate transactions. In return, stakers earn rewards currently ranging from 3-5% APY. Solo staking requires 32 ETH to run a validator, while liquid staking protocols like Lido and Rocket Pool allow staking any amount — receiving stETH or rETH tokens that remain tradeable and usable in DeFi while earning staking rewards. Exchange staking through Coinbase or Kraken offers the simplest approach but with slightly lower yields due to platform fees.
What was The Merge and why does it matter?
The Merge (September 15, 2022) was Ethereum’s historic transition from Proof of Work (energy-intensive mining) to Proof of Stake (validator-based consensus). This reduced Ethereum’s energy consumption by approximately 99.95%, enabled staking rewards, and — combined with EIP-1559’s fee burn — made ETH potentially deflationary. The Merge is widely considered one of the most significant technical achievements in blockchain history, transforming Ethereum from a commodity with ongoing mining emissions into a yield-bearing, supply-decreasing asset.
How does EIP-1559 make Ethereum deflationary?
EIP-1559, activated in August 2021, changed Ethereum’s fee structure by burning (permanently destroying) a base fee portion of every transaction. When network usage is high enough that more ETH is burned than issued through staking rewards, Ethereum becomes net-deflationary — its total supply actually decreases. Since The Merge reduced issuance by approximately 90%, even moderate network activity can tip the balance toward deflation. Over certain periods, hundreds of thousands of ETH have been burned, creating a powerful supply squeeze narrative.
What are Ethereum Layer 2 solutions?
Layer 2 (L2) networks are scaling solutions built on top of Ethereum that process transactions off the main chain while inheriting its security. Major L2s include Arbitrum (largest by TVL), Optimism (powers Base, Zora), Base (Coinbase’s L2, fastest growing in 2024-2025), and zkSync (zero-knowledge rollup technology). L2s reduce transaction costs by 10-100x compared to Ethereum’s main chain, making the network practical for everyday use. All L2 transactions ultimately settle on Ethereum, driving demand for ETH as the settlement layer.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Investing in Ethereum and cryptocurrency-related products carries significant risk, including the potential loss of your entire investment. Cryptocurrency markets are highly volatile and largely unregulated. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making investment decisions.