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Ethereum (ETH)

Ethereum (ETH)

The price of Ethereum is $3,407.90, a +33.81% change over the last 7 days. Learn more about Ethereum’s price history, how it works, and how to invest.

By:  & 
Updated: Aug 5, 2024
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Overview
Markets
Historical Data
Price Statistics
Ethereum price today
24h Change $84.32
24h Low $3,144.87
24h High $3,444.15
Market Cap $410.39B
Trading Volume (24h) $62.38B
Market Dominance 13.62%
Market Rank #2
Circulating Supply 120.42M
Max Supply -

Ethereum markets

Spot Derivatives OTC
# Source Pairs Price +2% Depth -2% Depth Volume Updated
1
Binance Binance
ETH/USDT $3,267.51 $11,231,102.81 $9,042,108.60 4,228,502,039 Recently
2
Coinbase Exchange Coinbase Exchange
ETH/USD $3,268.74 $12,255,491.68 $4,720,063.06 1,043,946,460 Recently
3
Binance Binance
ETH/BUSD $2,283.28 $377,789.26 $724,981.68 1,203,863 Recently
4
Binance Binance
ETH/BTC $3,270.35 $2,034,355.47 $3,536,905.76 407,806,950 Recently
5
Kraken Kraken
ETH/USD $3,269.87 $8,142,706.05 $7,914,167.50 175,183,093 Recently
6
KuCoin KuCoin
ETH/USDT $2,934.27 $2,629,245.89 $2,808,612.91 208,519,780 Recently
7
Coinbase Exchange Coinbase Exchange
ETH/USDT $3,267.43 $841,730.49 $1,096,592.70 58,325,761 Recently
8
KuCoin KuCoin
ETH/BTC $2,937.19 $651,532.60 $278,900.03 3,687,093 Recently
9
Coinbase Exchange Coinbase Exchange
ETH/EUR $3,253.73 $2,136,128.64 $447,401.59 54,891,202 Recently
10
Binance Binance
ETH/TUSD $3,269.02 $69,488.46 $81,872.26 1,664,530 Recently
1
Binance Binance
ETH/USDT $3,279.54 - - 28,253,609,243 Recently
2
Binance Binance
ETH/USD $3,281.33 - - 4,162,672,610 Recently
3
Binance Binance
ETH/BUSD $2,349.65 - - 70,562,362 Recently
4
KuCoin KuCoin
ETH/USDT $3,287.98 - - 891,764,620 Recently
5
Deribit Deribit
ETH/USD $3,279.29 - - 650,793,033 Recently
6
Deribit Deribit
ETH/USDC $3,276.08 - - 16,243,814 Recently
7
Binance Binance
ETH/BTC $3,274.15 - - 659,990,722 Recently
8
Kraken Kraken
ETH/USD $3,281.20 - - 256,380,759 Recently
9
KuCoin KuCoin
ETH/USD $3,286.01 - - 27,135,372 Recently
10
Bitfinex Bitfinex
ETH/BTC $3,272.51 - - 20,793,517 Recently
No data found
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About Ethereum

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Resources

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What is the Ethereum price today?

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The ETH price is currently $3,407.90. The price of Ethereum is +32.24% over the last 30 days. You can use the live Ethereum chart to track the ETH/USD price in real time above, or compare the Ethereum value today to its past performance using the Ethereum price history tab at the top of this page.

What is the Ethereum price prediction for 2024?

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Ethereum price predictions and forecasts are tricky, because crypto is such a fast-moving industry and new trends can explode very quickly.

However, you can use previous price trends, along with fundamental and technical analysis to make estimates about how Ethereum might perform in the future.

For example, if you look at overall market trends in previous years, compared with how the Ethereum price has risen or fallen in response, you can begin to understand how the Ethereum market reacts to external pressures.

Alongside the ETH price chart and updates to the Ethereum technology, uptake, or development, these factors help you make a Ethereum price forecast for the next few months and years.

What is the total supply of ETH?

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The circulating supply is 120,423,718.45 ETH, out of a total maximum supply of 0.00 ETH.

What is the price prediction for Ethereum?

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The average Ethereum price prediction values the coin at $14,000 by the end of 2025. Things like the economic climate, establishment support and acceptance, and the crypto market as a whole can all have an impact on the price.

It’s best to take predictions with a grain of salt but you can use expert estimates to help you understand the weight of opinion about a coin. Read our latest Ethereum price prediction for more analysis and guidance.

What is Ethereum?

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Ethereum is a cryptocurrency project with its own blockchain, much like Bitcoin. Ether (ETH) is the cryptocurrency coin that powers it. ETH can be used as a store of value, unit of exchange, to pay for services on the platform, or to create other cryptocurrency tokens that run on Ethereum (known as ERC-20 tokens).

Ethereum’s blockchain can be used by developers to build their very own decentralised apps (dApps): software that runs on a decentralised computer system. These dApps function via something called a smart contract, which is a piece of code that automatically completes instructions when set requirements are fulfilled.

How does Ethereum work?

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Blockchain technology is key to how Ethereum and most other cryptocurrencies work. Think of it as a large, decentralised ledger where transactions are recorded. As part of this technology, Ethereum uses smart contracts which execute automatically, without the need for any intermediary. This means Ethereum is decentralised: there is no need for a central governing authority like a bank to manually oversee it.

The platform is used by many developers to provide services that we might otherwise have never seen. From banking to betting, Ethereum functions to improve services and security through smart contracts. Its aims are more extensive than most cryptocurrencies, such as Bitcoin’s aim to singularly act as an electronic payment solution.

Read more: What is Ethereum and how does it work?

How is the Ethereum network secured?

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The blockchain technology that powers Ethereum also secures the network. Ethereum is a proof of stake blockchain. This means that other users, known as validators, verify and secure every transaction on the network. Validators must stake 32 ETH or more to be able to participate in verifying transactions.

What is Ethereum used for?

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Ethereum has multiple uses, it can be used as a store of value, traded, or used as a ‘base’ to build applications on.  Its one of the most popular cryptocurrencies to speculate on because its price can fluctuate much more than traditional assets.

In addition to speculation, Ethereum can be used in many different ways. The network allows developers to build their own decentralised apps. Its use of smart contracts means sectors like decentralised finance (DeFi) and blockchain-based gaming also make use of the Ethereum network.

Why does ETH have value?

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It’s the most actively used blockchain network in the world and its platform powers many cryptocurrencies in the decentralised financial sector. Once in the shadow of Bitcoin, Ethereum has established itself in its own right and is now the second largest cryptocurrency by both volume and market capitalisation.

Another feature is its correlation with Bitcoin. Its price tends to move in tandem with BTC; when the price of Bitcoin moves higher, ETH usually will follow, although ETH is much less expensive than BTC which makes it more accessible.

In recent years, due to the growth in DeFi, Ethereum less closely follows Bitcoin and is seen as a cheaper alternative.

Who created Ethereum?

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It was launched in 2015 by founder, Vitalik Buterin. Born in 1994, the Russian-Canadian programmer became involved in cryptocurrency in the early stages of its inception by co-founding Bitcoin Magazine in 2011, and this interest later blossomed into one of the most successful careers in the blockchain sector.

What was the Ethereum Merge?

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The Ethereum Merge officially completed on 15th September 2022 and was the process where Ethereum became a ‘proof of stake’ cryptocurrency. Since its foundation in 2015, Ethereum had been running as a ‘proof of work’ blockchain, one that required significant energy resources. The merge is the point at which it transitioned from one to the other.

The transition to proof of stake now means that Ethereum will consume 99.95% less energy, according to the developers. It has also introduced  ‘sharding’, which is a method of breaking down data to enable it to cope with more information simultaneously.

Before the Merge completed, Ethereum had been running two blockchains; the first, known as the ‘mainnet’, which stored the Ethereum code and the entire history of all transactions made on the network, and the ‘Beacon’ chain, which used the new technology. Following the merge, these two became one.

Where can I buy Ethereum?

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You can buy Ethereum on either a centralised cryptocurrency exchange (CEX) or decentralized exchange (DEX), depending on its availability. An exchange is a marketplace that allows you to sign up, deposit your money, and buy some crypto, just as you would with a stock trading platform.

Our guide on how & where to buy Ethereum explains step-by-step exactly how to get started with a reliable crypto exchange, or via one of the most popular decentralized exchanges.

Most cryptocurrency brokers allow you to keep the coins you buy in your account. However, you may want to sign up for a dedicated Ethereum wallet for some extra security.

You can deposit money into a broker or exchange account by a bank transfer or card payment. However, if you prefer to use a different payment method, like PayPal, then your options may be more limited. Use these guides to find out how to buy Ethereum with different payment methods.

Are there any other ways to invest in Ethereum?

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The simplest way to invest in Ethereum is to buy it outright. However, another option is to simply open a crypto account. Crypto accounts are like regular bank accounts and allow you to store a variety of currencies, send and receive payments, earn interest on savings, and spend freely with a credit card.

You can also invest in crypto more generally through a Ethereum ETF or a crypto fund. These are financial instruments that give you exposure to a group of leading cryptocurrencies, more suited to high net worth individuals.

Are there any Ethereum alternatives?

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There are a few Ethereum alternatives and while some cryptocurrencies have attempted to imitate it, many others have built their own platforms on the Ethereum network.

Ethereum’s popularity has led to a growing number of ‘killers’ or rival blockchains developing platforms with the aim of solving some of Ethereum’s flaws. Below is a selection of alternative cryptocurrencies you can find more information on.

  • Solana. Solana is one of the biggest platforms in the world and can handle more transactions per second than Ethereum.
  • Cardano. Cardano is faster, cheaper, and more scalable than Ethereum.
  • Polkadot. Polkadot uses technology to make different blockchains compatible with eachother.

FAQs

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01

What is the Ethereum price today?

02

Has the Ethereum merge completed?

03

When will Ethereum 2.0 launch?

04

What is an Ethereum Killer?

Max Adams
Editor of Education
Max has a keen interest in the transformative power of technology and is the founder of a platform called Current Frequencies. When not at his desk,… read more.
James Knight
Editor of Education
James is the lead editor of education for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and… read more.

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