Ethereum Price

USD $ --
‎$ 1,895.9+2.85%
‎$ 1,896.31+2.86%

Ethereum (ETH) Price Movements ($)

PeriodChangeChange (%)
Today$ 53.662.91%
7 Days$ 87.364.82%
30 Days$ -12.61-0.66%
3 Months$ 183.0110.66%

Ethereum(ETH) Info

BSC 0x2170ed...3f8HECO 0x64ff63...1fd
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Code & Community
‎$ 1,836.39
‎$ 1,927.73
‎$ 4,891.7
$ 228.58B 
$ 48.76M 

About ETH

What Is Ethereum (ETH)?

Ethereum is an open-source, decentralized blockchain that enables digital payments in a cheap and fast manner. It also supports Turing-complete smart contracts and can run various decentralized applications (dApps).

The official website classifies Ethereum as a marketplace for financial services, games, and other applications, all designed on the blockchain to run in a decentralized manner and powered by smart contracts. Its native cryptocurrency is called Ether, represented by the symbol ETH.

Ethereum has the second-largest market cap among cryptocurrencies after Bitcoin. Many investors have also called ETH digital silver after addressing Bitcoin as digital gold, as the Ether price is lower than that of Bitcoin.

The Ethereum network is the largest ecosystem for decentralized apps and Web 3.0, especially in DeFi, NFTs, social media, and blockchain gaming. It is instrumental in driving most of the emerging trends in the crypto industry, all owing to its smart contract functionality, from decentralized finance and NFTs to Play-to-Earn and the metaverse.

The Ethereum price also experiences considerable volatility, just like Bitcoin. However, because of its numerous applications, the ETH price can rise based not only on the crypto market sentiment but also on Ethereum’s adoption among dApp developers and users.

Who Created Ethereum?

The concept of Ethereum was first presented by Vitalik Buterin in late 2013, followed by the release of its white paper on 27 November 2013. The white paper discussed Ethereum’s technical design and laid out the idea of smart contract functionality.

When Was Ethereum Created?

Ethereum’s white paper was published by Vitalik Buterin in late 2013, following which the first crowdsale of ETH happened in 2014 to raise funds for its initial development. The Ethereum platform’s live release occurred almost two years later, in 2015.

Following an official announcement in January 2014, Buterin started working with Dr. Gavin Wood on co-founding Ethereum. The cryptocurrency’s yellow paper was published in April 2014, discussing technical specifications for the Ethereum Virtual Machine or EVM.

The crowd sale of Ether or ETH took place between 22 July and 2 September 2014, allowing users to buy Ethereum cryptocurrency using Bitcoin. From selling around 60 million ETH, the Ethereum Foundation raised around $18 million, which was used for the blockchain network’s initial development phase.

Ethereum's mainnet launch took place in July 2015, which ushered in the era of ICOs or initial coin offerings on the blockchain. The following key event in Ethereum’s history occurred in April 2016 when decentralized venture fund The DAO was hacked, losing around $150 million from its ICO. This event led to a hard fork of the Ethereum blockchain to its current state.

How Does Ethereum Work?

The Ethereum protocol functions like Bitcoin, using a network of millions of nodes spread worldwide to maintain the distributed ledger and record transactions.

Nodes in the blockchain store account information of all users within the network. They also store code for smart contracts, which are programmable codes. These codes consist of rules related to unlocking coins and their transactions. In addition, an Ethereum node also contains information on the state of the smart contracts operating within the Ethereum network.

Ethereum (ETH) differs from Bitcoin in versatility. While Bitcoin was envisioned as a method to enable fast and easy digital payments, the Ethereum network offers more functionality as it is programmable. Developers have designed dApps using programmable smart contracts for decentralized finance, gaming, social media, and many more applications on Ethereum.

Ethereum has a higher user base owing to its smart contract functionality and the large number and variety of dApps it supports. Ethereum is valued for its versatility and its ability to execute smart contracts. One of the most potent applications of Ethereum is in the decentralized finance (DeFi) sector.

As Ethereum has transitioned to a proof of stake (PoS) consensus, the blockchain will become even more efficient to use as it will consume far lower energy for validating transactions.

What is the Ethereum Merge, and How Will it Affect You?

The Ethereum Merge is the event that will migrate the Ethereum mainnet with the Beacon Chain and finalize the transition of the blockchain from a proof of work consensus to a proof of stake model. The official kick-off of the Merge occurred on 6 September 2022 with the Bellatrix network upgrade. This will be followed by the Paris network upgrade when the execution layer transitioned Ethereum’s main network from PoW to PoS. This phase began on 15 September 2022.

After being worked on for more than six years, the Merge will make the Ethereum network more energy efficient and roll out essential upgrades, which will also take the leading platform for dApps towards improved scalability. The next stage following the PoS transition will see the Ethereum Foundation developers work on sharding, solving the network congestion issues, and improving the Ethereum network’s throughput significantly.


How can I buy Ethereum (ETH)?
Buying ETH on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start using your account. It's that simple! See How to Buy Ethereum (ETH) - Step By Step for more information.
How much is one Ethereum (ETH) worth?
How Much Is 1 Ethereum Worth?

Even though the Ether price remains well below that of Bitcoin, it has seen much volatility over the years. The leading platform for dApps, the blockchain, saw its on-chain activity surge in 2021 as decentralized finance (DeFi) and non-fungible tokens (NFTs) received mainstream attention worldwide, which catapulted the price of Ethereum higher.


However, well before that, the Ethereum price remained under $1 through 2015.- the year of its launch. It strengthened the following year, ending 2016 near the $8 mark.


The crypto market bull run in 2017 helped Ethereum's price surge to as high as $826 in 2017 before easing slightly lower. The year 2018 was one of very high volatility when the Ethereum price shot to a high of $1,396, only to end the year at a low of $141.


In 2019 and 2020, the second largest cryptocurrency was traded at around $600. The ETH price touched an all-time high of $4,891.70 on 16 November 2021. Although, the price of Ethereum did slide well under these highs in subsequent weeks, trading under pressure through the initial months of 2022.

Is Ethereum a Good Investment?

As the second largest crypto by market capitalization, ETH enjoys high liquidity and trading volume, making it an attractive investment. Bitcoin and Ethereum are the largest digital assets by market cap but have distinct features and user bases. Unlike Bitcoin, the Ethereum price is far lower, making it more affordable for trading and investing, especially for retail traders.

However, Ethereum’s real potential as an instrument is powered by its high level of usability. The Ethereum blockchain is the largest ecosystem for decentralized apps, especially in DeFi, NFTs, and blockchain gaming. Its versatility makes it appealing to invest in significantly as Web 3.0 adoption rises. This, in turn, could send the price of Ethereum higher in the market.

Moreover, Ethereum could turn deflationary as its circulating supply reduces due to token burns. If ETH's circulating supply starts reducing, it will become even more valuable as an investment, resulting in an uptrend in the ETH price.

However, remember that the current price of Ethereum is subject to high levels of unpredictability and volatility. Invest in Ether only if you are willing to take higher risks than you would face when investing in conventional financial instruments.

We recommend that you perform a technical and fundamental analysis of ETH to USD price before trading Ethereum. Before starting, look at Ethereum's price, market cap, and 24-hour trading volume.

Why Did Ethereum Shift From Proof of Work (PoW) to Proof of Stake (PoS) Consensus?

Over the past several years, the first generation blockchains like Bitcoin and Ethereum have come under severe criticism for using the energy-intensive proof of work consensus mechanism. Mining cryptocurrencies like BTC and ETH require considerable power and computing resources, making operating the blockchains expensive and harmful to the environment.

A move to a proof of stake consensus algorithm will make the Ethereum blockchain far more energy-efficient, bringing down its energy consumption by as much as 99.95%. This will not only make the popular decentralized platform for applications more responsible towards the environment but more affordable to access and use.

After the transition to PoS consensus, the next stage will see Ethereum developers solve another critical challenge that has plagued the blockchain in recent years. With work on sharding capabilities, Ethereum’s blockchain will enjoy higher throughput by processing transactions in parallel and helping reduce gas fees.

Will PoS Transition Reduce Ethereum Gas Fees?

Although the Merge will make the Ethereum network significantly more efficient in terms of energy consumption, experts have cautioned that it will not impact gas fees immediately. The transition to PoS consensus will not directly affect Ethereum’s transaction fees.

However, this critical network upgrade will set the stage for making the Ethereum blockchain more efficient overall. After rolling out the PoS consensus, the Ethereum Foundation will shift its focus to tackling the network congestion issue by implementing sharding. As network congestion on the blockchain reduces eventually, the transaction fees will also come down.

How to Mine Ethereum

After the Ethereum Merge, when the blockchain transitioned to PoS, it is no longer possible to mine Ether. The PoS Ethereum Mainnet, after the Merge, will not support ETH mining. You can, however, stake ETH to earn attractive rewards.

How to Stake Ethereum

Staking is one of the most beneficial ways to earn passive income from your ETH holdings while helping improve the security of the Ethereum blockchain. You can become a full validator on the Ethereum network by staking 32 ETH. This will give you the power to store data, process transactions, and add new blocks to the network, earning block rewards in exchange for your work.

You can also stake less than 32 ETH in a staking pool to enter the world of Ethereum staking and earn rewards. There are several staking services you can register for to participate in staking pools.

When Will ETH 2.0 Launch?

Ethereum 2.0 went live on 15 September 2022, although the term itself is getting phased out by developers and being replaced with Ethereum Merge. ETH 2.0 refers to merging the Ethereum mainnet with the Beacon Chain, a side chain that enables staking on the network.

Upgrades to the blockchain are shared in the form of Ethereum improvement proposals (EIPs). ETH 2.0 is the term given to the upgrades of the Ethereum blockchain as it transitioned from proof of work (PoW) to proof of stake (PoS) consensus.

Ethereum 2.0 will make the blockchain more secure, scalable, and sustainable. After the successful rollout of the Merge, the next phase of Ethereum’s upgrade will involve sharding, making the network significantly more scalable and faster.

What Is Ethereum Shanghai Upgrade?

The Ethereum Shanghai Upgrade is a hard fork of the blockchain that will complete Ethereum’s process of transitioning from a Proof-of-Work (PoW) consensus to Proof-of-Stake (PoS). Also called ‘Shapella,’ the most critical aspect of this long-awaited upgrade is that it will allow users to withdraw their staked ETH tokens.

Ethereum officially migrated from PoW to PoS consensus in September 2022 with The Merge, while ETH staking has been supported on The Beacon Chain since December 2020. The Shanghai Upgrade is the next significant milestone in the Ethereum 2.0 journey, as the world’s leading ecosystem for dApps evolves into a more efficient and scalable network.

Following the Ethereum Shanghai hard fork, validators who staked their ETH tokens on Ethereum’s PoS network will be able to unstake their locked tokens and rewards. Ethereum developers expect ETH Shanghai Upgrade to occur on or around April 12, 2023.

Ethereum (ETH) Price and Information

$ 0.42
$ 4,891.7
The current price of Ethereum is 1,895.9 $. Its 24-hour trading volume is 48.76M $. The price of Ethereum increased by +2.85% over the past 24 hours and increased by +4.06% over the past week. We will continue to update the price of ETH-USDT in real time. This coin ranks #2 in market capitalization, with a current market cap of 228.58B $.
  • The circulating supply of ETH is 120,179,157.
  • The maximum supply of ETH is --.
  • The all-time high of ETH was 4,891.7 $ on 11-15, 2021, from which the coin is now down -61.24%.
  • The all-time low of ETH was 0.42 $, from which the coin is now up 99.98%.