Ethereum ETH #2

At a glance, Ethereum carries a market capitalisation of $240.83B, placing it at #2 among all cryptocurrencies. Its $10.20B in 24-hour volume reflects how actively it trades, while the 120,685,210 ETH in circulation set the scarcity backdrop. The distance between the live price of $1,996 and the all-time high of $4,946 frames how much ground a full recovery — or a new record — would need to cover.

Ethereum is trading at $1,996, down 1.72% over the past 24 hours, within an intraday range of $1,993 to $2,031. Over the last seven days the price has moved -4.67%, and over 30 days -13.34%, for a one-year change of -20.51%.

With a market capitalisation of $240.83B (#2 overall) and 24-hour trading volume of $10.20B, Ethereum has a volume-to-market-cap ratio of 4.2%, a relatively modest level of daily turnover. The price currently sits 59.6% below its all-time high.

A secondary spot feed shows the ETHUSDT pair last traded at $1,999 (-1.73% over 24h), confirming the aggregated figure above.

Ethereum has a circulating supply of 120,685,210 ETH with a total supply of 120,685,210 ETH and no fixed maximum. An uncapped supply means new ETH can keep entering circulation, so inflation dynamics matter for long-term holders.

Fully diluted valuation (FDV) of $240.83B estimates the market cap if the entire supply were already circulating. A large gap between FDV and the current market cap of $240.83B can signal future token unlocks. Learn more in our tokenomics glossary entry.

Ethereum reached its all-time high of $4,946 on Aug 24, 2025 and its all-time low of $0.4330 on Oct 20, 2015. At the current price, Ethereum is 59.6% below its peak and 460,847% above its lowest recorded price. The marker above shows where today's price sits within that historical range.

With Ethereum trading near $1,996, the closest classic level is the pivot at $2,110. A decisive move above resistance often invites further buying, while a break below support can accelerate selling — but pivots are guides, not guarantees.

Technically, Ethereum is in a bearish posture. The price is trading below its 50-day moving average of $2,238 and below its 200-day average of $2,491. Over the past year it has ranged between $1,821 and $4,829. Annualised volatility is around 67%, typical for a major crypto asset. This is a simple momentum read, not a recommendation.

Across the period shown, Ethereum's strongest year was 2020 (+470.16%) and its weakest was 2018 (-82.07%). The highest monthly close in this window reached $4,957. Figures are based on monthly closing prices and may differ slightly between data providers.

Over the last 24 hours the Ethereum network processed about 2.04M transactions across 7,170 blocks. Around 487 transactions are currently waiting in the mempool to be confirmed.

Ethereum (ETH) is a cryptocurrency that currently ranks #2 by market capitalisation. It is commonly associated with Smart Contract Platform, Layer 1 (L1), FTX Holdings. The project dates back to 2015. Ethereum secures its network using the Ethash algorithm.

Ethereum is a global, open-source platform for decentralized applications. In other words, it is a decentralized blockchain platform that enables developers to build and deploy smart contracts and applications without central authority control. Unlike Bitcoin, which primarily functions as digital currency, Ethereum operates as a programmable global computer where developers can create any type of decentralized service.

The platform hosts over $14 billion in DeFi applications with hundreds of thousands of active users across financial protocols, NFT marketplaces, and gaming platforms. Its transition to Proof of Stake in September 2022 reduced energy consumption by over 99%, addressing environmental concerns while strengthening network security.

This page combines live market data, historical performance, on-chain supply metrics and a scenario-based forecast for Ethereum. All figures are for information only and are not financial advice.

Ethereum (ETH) operates on a decentralised blockchain, secured by the Ethash algorithm. It sits within the Smart Contract Platform and Layer 1 (L1) segment of the market. Its supply is not hard-capped, and every transaction is validated by a distributed network of participants rather than a central authority — which is what lets people transact without a trusted intermediary.

New to the concepts? Our glossary explains blockchain, consensus and wallets in plain English.

Several forces shape the price of Ethereum. Supply and demand are the foundation: with 120,685,210 ETH in circulation and no hard cap, issuance and scarcity directly influence value. Liquidity matters too — Ethereum turns over $10.20B in a typical 24 hours, roughly 4.2% of its market capitalisation, so larger orders can move the market when volume is thin. At around 67% annualised volatility, sentiment shifts can move the price quickly. Beyond the order book, the biggest drivers include macroeconomic conditions and interest rates, regulation and spot-ETF flows, network adoption and on-chain activity, new exchange listings, and the overall mood of the crypto market.

Gauge overall market sentiment with our live Fear & Greed Index, and track the wider market on the markets page.

Whether Ethereum suits you depends on your goals, time horizon and risk tolerance — and nothing here is financial advice. On the positive side, Ethereum is an established, top-10 asset with deep liquidity. On the cautious side, crypto is highly volatile — Ethereum's annualised volatility is roughly 67%, drawdowns can be severe, and regulation remains uncertain.

A disciplined approach matters more than any single forecast: size positions to your risk, consider dollar-cost averaging rather than timing the market, and never invest more than you can afford to lose. Use our position-size calculator to plan trades, and read our beginner guides before committing capital.