$2,420.63
-0.4116 (-0.02%)24H
Ethereum price, last 12 months
4,158.462,419.811,567.47
Ethereum market data
- 24H High
- $2,441.66
- 24H Low
- $2,356.79
- 24H Volume
- 136.82K ETH
- All Time High
- $4,956.78
- All Time Low
- $81.79
- Correlation with BTC
- 0.90
- Return on Investment
- +703.85%
- Market Cap
- $293.65B
About Ethereum
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.
Ethereum social sentiment
BullishBullish
- 95 Bullish
- 57 Neutral
- 90 Bearish
Ethereum on-chain holders
Holding Amount
Distribution of addresses by the amount of tokens held.
- 0-1K99.31%
- 1K-100K0.67%
- 100K+0.02%
Time Held
Distribution of addresses by how long tokens have been held.
- Cruisers43.96%
- Holders48.06%
- Traders7.98%
Whale Holdings
Percentage of tokens held by whale addresses vs others.
- Others17.56%
- Whales82.44%
Cryptocurrencies similar to Ethereum
Ethereum whitepaper summary
Ethereum is like a giant global computer that anyone can use to create and run applications that work without any central authority controlling them.
Think of it as a platform where you can build digital services that run exactly as programmed, without any possibility of downtime, censorship, or outside interference.
The system uses its own currency called Ether to pay for using the network.
Since its inception, Ethereum has grown to become the leading platform for decentralized applications (dApps) and decentralized finance (DeFi).
This revolutionary technology has transformed how we think about digital ownership and online transactions.
At its heart, Ethereum works like a really smart record-keeping system that everyone can trust.
Instead of having one company's computers running everything, thousands of computers around the world work together to keep the system running.
The special thing about Ethereum is that it lets people write 'smart contracts' - these are like digital agreements that automatically do what they're supposed to do without needing anyone to manage them.
Imagine if your bank account could automatically pay your rent every month without any bank being involved - that's the kind of thing Ethereum makes possible.
These smart contracts can be used for everything from simple payments to complex financial services.
The system uses something called the Ethereum Virtual Machine (EVM), which is like a giant shared computer that runs these smart contracts.
Every time someone wants to do something on Ethereum, they have to pay a small fee called 'gas' to use this virtual computer.
This helps prevent spam and makes sure the network runs smoothly.
With the transition to Proof of Stake, the network now processes transactions through validators instead of miners, making it more energy-efficient and accessible.
This change has made Ethereum much more environmentally friendly while maintaining its security and reliability.
Ether (ETH) is the main currency used in Ethereum.
You need it to do anything on the network, kind of like needing tokens to play games at an arcade.
When you want to use an Ethereum application or send money to someone, you pay a small fee in ETH.
These fees now go to validators who help keep the network running by processing transactions and securing the system.
The more people use the network, the more valuable ETH tends to become.
Unlike Bitcoin which has a fixed supply, Ethereum's supply can change based on network needs and community decisions.
The introduction of EIP-1559 in 2021 made ETH partially deflationary, meaning some ETH gets destroyed with every transaction.
This helps maintain the value of ETH over time.
Since the merge to Proof of Stake in 2022, new ETH issuance has been reduced by approximately 90%, making the asset more scarce.
The current annual issuance rate varies based on the number of ETH being staked.
This system ensures that those who help secure the network are rewarded while keeping inflation in check.
Ethereum successfully completed its most significant upgrade, 'The Merge,' in September 2022, transitioning from proof of work to proof of stake.
This change reduced the network's energy consumption by over 99% while maintaining security.
The next major phase of development focuses on scaling solutions through 'sharding' and 'layer 2' technologies.
Sharding will split the network into multiple parallel chains to increase transaction capacity and reduce fees.
This will make Ethereum faster and cheaper to use for everyone.
The upcoming Shanghai upgrade will enable staked ETH withdrawals and introduce further optimizations.
Future developments include 'proto-danksharding' and 'EIP-4844' which aim to make transactions significantly cheaper.
These improvements will help make Ethereum more accessible to everyday users.
The long-term vision includes making Ethereum more accessible, sustainable, and capable of handling global-scale applications.
The development team is constantly working on new ways to improve the network's speed, security, and usability.
Ethereum was first proposed by Vitalik Buterin in 2013 when he was just 19 years old.
The project was officially launched in 2015 by a group of co-founders including Vitalik Buterin, Charles Hoskinson, and Gavin Wood.
Today, Ethereum is developed by a large community of developers from around the world.
The Ethereum Foundation, a non-profit organization, helps coordinate development but doesn't control the network.
Instead, changes to Ethereum are decided by the community through a process of discussion and voting.
The development community has grown significantly, with multiple teams working on different aspects of the protocol.
Key development groups include the Ethereum Foundation, ConsenSys, and numerous independent teams contributing to core protocol development and ecosystem tools.
This decentralized approach to development helps ensure that no single group has too much control over the network's future.
Latest Ethereum news
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Ethereum FAQ
Ethereum (ETH) is trading at $2,420.63, down 0.02% over the last 24 hours.
The market cap of Ethereum is $293.65B, ranking #2 among cryptocurrencies.
Our model's year-end 2026 target for ETH is $6,051.99.
Our model's 2030 target for ETH is $21,351.54.
On the daily chart ETH currently shows 1 buy signals and 3 sell signals. This is not investment advice.
The all-time high of ETH is $4,956.78.
This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.