Ethereum

$2,664.01
$89.71(+3.37%)Today
Market cap
325.25B
Total volume (24h)
13.71B
Volume / Market cap
0.0421
Circulating supply
122.07M
Day range (24h)
$2,568.64$2,702.20
All-time low
$0.433
All-time high
$4,946.05

About Ethereum (ETH)

Current ETH Price: $2,664.01 | September 21, 2026  | Market cap: $325,251,395,317.

What is ETH?

Ethereum is a decentralized blockchain network and the world's leading platform for digital smart contracts, conceived in 2013 and launched in 2015. Its native token, ETH (pronounced "Eee-th"), acts like fuel that powers the entire ecosystem.

What is a smart contract?

A smart contract is a digital agreement written in computer code that lives on a blockchain like Ethereum.  It automatically does something when certain conditions are met. For example: If you send me 1 ETH, the smart contract instantly sends you a digital artwork (NFT). The code follows its programmed rules automatically, 24/7. No human involvement is needed.

Ethereum's network is a vast, secure, public ledger that records every transaction. Traditional smart contracts follow their original rules, and can’t be changed once executed. Upgradable smart contracts can be updated for new features or bug fixes.

What is Ethereum known for?

Ethereum powers the world's largest DeFi economy across 100+ EVM Layer 2 networks (L2s) and thousands of EVM-compatible chains, delivering 100,000+ TPS total capacity. It pioneered smart contracts (2015) and hosts the most active global developer community (60%+ market share).

Real-world Ethereum ecosystem performance:

- Base layer: ~15 TPS, battle-tested security

- L2s: Fast transactions

- Ecosystem: Thousands of decentralized applications, $2T+ all-time volume processed

Recent & planned upgrades: Pectra (live May 2025), Fusaka (live Dec 2025), Glamsterdam (live by mid 2026, with ePBS for MEV resistance), Hegota (live by 2026 with Verkle Trees for state growth).

How does DeFi impact the price of ETH?

Decentralized finance apps are one of Ethereum's top use cases today, and allow you to buy, sell, trade, and stake assets like ETH without intermediaries or banks. To start buying, selling, or trading ETH, all you have to do is connect to a leading crypto wallet like MetaMask.

DeFi is a global financial system, and an alternative to TradFi that is accessible to anyone with an internet connection, open 24/7 worldwide.

Price history

Today (September 21, 2026)$2,664.01+3.37%
24 hours ago (September 20, 2026)$2,577.23+3.37%
1 week ago (September 14, 2026)$2,513.22+6.00%
1 month ago (August 22, 2026)$2,517.97+5.80%
1 year ago (September 21, 2025)$4,484.87-40.60%

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ETH market moves

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24h change: -2.51%. From $2,636.40 to $2,570.16.

  • Ethereum developers confirmed the Glamsterdam upgrade will activate on the Sepolia testnet on October 6, 2026, at 13:53 UTC. This major upgrade aims to nearly triple the block gas limit from 60 million to 200 million and introduce enshrined proposer-builder separation to improve network scalability and decentralization. The mainnet deployment is targeted for Q4 2026, though no specific date has been confirmed. Developers have raised concerns about potential disruptions from fake builders during testnet operations.
  • Spot Ethereum ETFs attracted $144 million in net inflows on September 18, 2026, marking the second-highest daily inflow of the month and led by BlackRock. Ethereum ETF products recorded approximately $324 million in total September inflows through mid-month, outpacing Bitcoin ETFs over the same period despite holding only about one-sixth of the assets. Analysts attribute the stronger demand to traders using spot ETH ETF positions as collateral for CME futures strategies designed to generate yield.
  • Ethereum surpassed $2,630 on September 19, 2026, reaching its highest price since January as whale activity increased significantly. The number of non-empty Ethereum wallets climbed to a record 207.17 million addresses, indicating expanding network participation. On-chain data shows over 40 million ETH is now staked, while Ethereum DeFi protocols hold approximately $50 billion in total value locked. Technical indicators showed the 4-hour RSI entering overbought territory above 71, suggesting strong short-term momentum.

24h change: +5.13%. From $2,514.56 to $2,643.49.

  • Ethereum developers confirmed that the Glamsterdam upgrade will activate on the Sepolia testnet on October 6, with a tentative Hoodi test following on October 27. The upgrade includes enshrined proposer-builder separation, block-level access lists, and capacity increases that push testnet block gas limits toward 200 million without losing finality. This prepares Ethereum's base layer for higher throughput and reduced congestion after recent upgrades like Fusaka. Developers have warned of testnet-specific risks from fake builders exploiting free test ETH to disrupt block auctions.
  • Ethereum rose more than 5 percent in 24 hours to trade near $2,625, pushing its market capitalization to around $320 billion. Corporate treasury activity remains strong, with firms like Bitmine continuing to accumulate large amounts of ETH as part of long-term holdings that now approach 5 percent of total supply. This price action coincides with broader market recovery and ongoing ETF flows. Analysts point to network upgrades and traditional finance adoption as factors supporting recent momentum.
  • Ethereum Institutional has backed EIP-8198 to reduce block times from 12 to 10 seconds as part of the planned Hegotá upgrade targeted for 2027. This proposal aims to improve user experience and network efficiency following Glamsterdam. Developers continue narrowing the scope of Hegotá around must-ship items like FOCIL for censorship resistance and frame transactions. These changes build on recent upgrades and reflect ongoing efforts to balance scalability, security, and decentralization.

24h change: +3.06%. From $2,395.23 to $2,468.61.

  • Ethereum developers confirmed the Glamsterdam upgrade will deploy to the Sepolia testnet on October 6 after successfully completing Devnet-11. The upgrade combines execution and consensus changes to support a 200 million gas limit, enshrined proposer-builder separation, and block-level access lists for parallel transaction processing. This is expected to triple base layer capacity and cut many transaction fees substantially. The changes prepare Ethereum for greater on-chain activity while maintaining security.
  • Core developers have warned that malicious actors could use free testnet ETH and temporary builder identities to win block auctions on Sepolia and then withhold payloads, potentially stalling the testnet. This risk is isolated to testing environments and does not impact mainnet funds. The warning comes as the team locks in the October 6 Sepolia date and September 29 client release deadline. Successful testnet runs will inform the mainnet timeline for the upgrade in Q4 2026.
  • Ethereum's base layer processed a record 203.9 million transactions in Q2 2026 while average throughput reached an all-time high of 25.9 transactions per second. Staking participation hit 32 percent of supply and addresses holding ETH reached 312 million. Fees and ETH burned also rose even as some user activity metrics showed divergence. These metrics highlight growing network usage alongside preparations for further scaling via Glamsterdam.

24h change: +1.22%. From $2,401.42 to $2,430.61.

  • Multiple builders can now contribute transactions to a single block through an additive process that extends the existing proposer-builder separation model. Early data after the September 16 activation shows roughly 3% of blocks using the approach with thousands of additional transactions included. The change aims to reduce reliance on single builders, improve block fullness and censorship resistance without altering core protocol rules. It represents a practical step toward more efficient and decentralized block production on Ethereum.
  • The Federal Reserve raised rates by 25 basis points in a unanimous decision, its first hike since 2023. The U.S. Senate also failed to advance the Digital Asset Market Clarity Act, triggering short-term selling pressure across crypto. Ethereum rebounded from near $2,370 and has shown resilience with net exchange outflows and short liquidations outpacing longs in recent hours. Analysts note buyer control returning in spot and futures markets despite the macro events.
  • BitMine Immersion Technologies added another 27,180 ETH in the past week, bringing its treasury to approximately 5.956 million ETH or 4.9% of total supply. The corporate buyer continues steady purchases as an Ethereum treasury strategy. This institutional demand coincides with broader whale accumulation on dips and comes as advisers highlight potential catalysts including a rising ETH-BTC ratio and tokenized asset growth. ETH staking within the treasury also generates significant annualized yield.

24h change: -3.00%. From $2,474.46 to $2,400.35.

  • The Ethereum Foundation reviewed 62 proposals and designated EIP-7805 (FOCIL) for fork-choice enforced inclusion lists and EIP-8141 (Frame Transactions) as must-ship items for the Hegotá upgrade. FOCIL aims to strengthen censorship resistance by allowing validators to enforce transaction inclusion without relying solely on block builders. Frame Transactions would enable native account abstraction features, including the ability to pay network fees in stablecoins like USDC. An Ethereum Foundation Reddit AMA on these priorities is scheduled for September 16, 2026. The upgrade is expected in late 2026 or 2027 following Glamsterdam.
  • Consensys Software Inc. will separate into two independent companies by the end of 2026. One entity will rebrand as MetaMask and focus on consumer self-custodial finance under Joe Lubin as chairman and CEO. The other will retain the Consensys name, led by Mike Kriak as CEO, and concentrate on Ethereum protocol development, clients like Besu and Teku, the Linea network, and institutional blockchain infrastructure for tokenization and stablecoins. The move reflects differing growth trajectories between consumer and institutional opportunities.
  • Ethereum traded near $2,400 on September 16 after declining approximately 3.5 percent in the last 24 hours. The price action followed the failure of the Clarity Act in a procedural Senate vote on September 15, which triggered a broader market sell-off. Despite the short-term pullback, Ethereum has gained over 26 percent in the past 30 days. On-chain metrics show daily active addresses around 542,000, stablecoin supply exceeding $162 billion, and daily transaction fees near $446,000.

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ETH Sentiment

ETH updates powered by Brandwatch. Not financial advice. Last updated on June 16, 2026.

Bullish ETH indicators

As of 2026-06-16, ETH traded at $1,792.88, with 24h +1.74% and 7d +7.10%. 24h volume was $16.93B, and market cap was $216.37B.

ETH exchange reserves have hit a record low of 14.5M ETH, per CryptoQuant data (June 11). Supply on centralized venues continues moving to staking and corporate treasuries. Thinner exchange float may amplify price sensitivity if demand returns. (Source)

BitMine Immersion holds over 5.6M ETH, roughly 4.66% of global supply, per the company's disclosure (June 14). Total crypto and cash holdings reach $10.4B, led by the ETH treasury. Corporate accumulation may signal sustained institutional positioning. (Source)

Bearish ETH indicators

Spot ETH ETFs (exchange-traded funds) have shed billions in outflows alongside BTC products, per Benzinga (June 14). Year-to-date ETF demand contrasts with rising XRP fund inflows of $1.44B. Weak ETF flows could limit near-term ETH demand. (Source)

ETH trades below major resistance after a sharp June decline, per Crypto News Land (June 15). Binance dominates ETH derivatives with $5.49B open interest and 5.23M futures trades. Sellers retain control as consolidation holds near support. (Source)

DeFi (decentralized finance) TVL (Total Value Locked) has fallen to $72.5B amid security concerns, per DefiLlama-tracked protocol data (June 14). Roughly one-third of ETH supply remains staked despite the protocol-level decline. Lower TVL may weigh on ETH network fee revenue. (Source)

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